UAE | Egypt Oil & Gas - Part 20

Singapore’s GIC to Invest $600 MM in ADNOC’s Pipelines

Abu Dhabi National Oil Company (ADNOC) announced that it has signed an investment agreement with Singapore's sovereign wealth fund (GIC).

Al Yasat Petroleum Awards FEED Contract to NPCC, Petrofac

Al Yasat Petroleum Company has awarded a Front End Engineering Design (FEED) services contract to the National Petroleum Construction Company (NPCC) and Petrofac Company for the Belbazem Block Development Project. ...

UAE, Indonesia Agree Deals Worth $9.7 B

Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia.

ADNOC Signs Cooperation Deal with PT Pertamina

The Abu Dhabi National Oil Company (ADNOC) and PT Pertamina have signed an agreement to cooperate in oil and gas projects in the UAE and Indonesia.

ADNOC, CNOOC Sign Agreement During UAE-China Economic Forum

Abu Dhabi National Oil Company (ADNOC) and China National Offshore Oil Corporation (CNOOC) have signed an agreement for collaboration in liquefied natural gas (LNG), as well as upstream and downstream sectors.

ADNOC Plans New Regional Oil Benchmark

The Abu Dhabi National Oil Company (ADNOC) is planning an overhaul for its trading operations through the launch of a regional oil benchmark similar to Brent and WTI.

Mubadala Signs Farmout Agreement in Indonesia

Abu Dhabi Mubadala Petroleum has signed a farmout agreement with Premier Oil for a 20% participating interest in the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) in Indonesia.

Saudi Arabia to Build Solar Panel Factory

The Saudi Industrial Development Fund (SIDF) has signed an agreement with Masdar for the construction of a solar panels factory that will be the largest in the Arab world.

ADNOC Hires Advisors for Pipeline Lease Deal

The Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho Financial Group to manage the lease of its natural gas pipeline assets.

Maridive Sells $37 MM Stake to Najjad Zeenni

Zeeni who is Chairman, CEO and a 25%-Shareholder in Maridive’s subsidiary Valentine will acquire 60 million shares in Maridive. Meanwhile, Valentine would become 100% owned by the parent company, instead of being ...

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