Brooge Energy Delays Issuance of Dividends

• Tuesday, 28th April 2020
• by Editorial Team

Brooge Energy Limited, a midstream oil storage and service provider in the UAE, has announced a delay in the issuance of dividends due to market uncertainty, according to a press release. Brooge has many of projects i...

Dana Gas Approves 5.5 Fils Cash Dividend

• Wednesday, 22nd April 2020
• by Editorial Team

Shareholders at Dana Gas, the Middle East’s largest private sector natural gas company, announced its decision to distribute AED 5.5 fils per cash dividend for fiscal year (FY) 2018/19, following a press release.  Thi...

OPEC+ Decisions Could Curb Oil Supply by 20%

• Monday, 13th April 2020
• by Editorial Team

The Organization of the Petroleum Exporting Countries and its allies (OPEC+)  announced on April 12 a record oil deal that will cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through...

Fuel Stockpiles Jumps to Record High at Fujairah Port

• Thursday, 9th April 2020
• by Fatma Ahmed

Fuel stockpiles at the Fujairah Port recorded an increase of 7% over the week, signaling a dwindling storage space for oil products in the region after the demand decline due to the coronavirus pandemic, UAE news agen...

ENOC’s Energy-Efficient Station Reaches a Milestone

• Thursday, 27th February 2020
• by Editorial Team

Emirates National Oil Company’s (ENOC) LEED Gold certified service station has completed 40% of its construction and will be open to the public in June, according to a press release. It is worth noting that the statio...

ADNOC to Expand CCUS Program

• Wednesday, 26th February 2020
• by Editorial Team

Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) CEO, announced that the company is expanding its carbon capture utilization and storage (CCUS) program, according to a press rele...

Eni Discovers Natural Gas, Condensates in UAE

• Tuesday, 28th January 2020
• by Editorial Team

Italian giant, Eni has succeeded in making a natural gas and condensates discovery in the Mahani concession, which is located onshore in the Area B concession of Sharjah in the UAE, according to the company’s st...

SNC-Lavalin to Work on UAE’s Haliba Field

• Wednesday, 22nd January 2020
• by Editorial Team

SNC-Lavalin won an engineering services contract to work on Haliba field in Al Dhafra Petroleum’s concession area in Abu Dhabi, according to Pipeline Oil and Gas News. “This contract is aligned with our focus to lever...

ADNOC, ENI Ink Strategic Agreement for CCUS

• Tuesday, 21st January 2020
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) signed a strategic framework agreement with the Italian giant, Eni, to cooperate in carbon capture utilization and storage (CCUS), according to Khaleej Times. The agreement w...

Crescent Petroleum to Reduce Gas Flaring

• Monday, 13th January 2020
• by Editorial Team

Crescent Petroleum is seeking to further reduce its already low levels of gas flaring from operations, according to Emirates News Agency (WAM). The company has managed to bring down its flaring rate to about 0.7% of p...