UAE | Egypt Oil & Gas - Part 23

TOTAL Wins 40% Stake in ADNOC Unconventional Gas Concession

ADNOC has awarded Total a 40% stake in its Ruwais Diyab Unconventional Gas Concession for exploration, appraisal, and development of the area’s unconventional gas resources.

Ducab Contracted for 3 ADNOC Projects

Dubai Cable Company (Ducab) has signed three major contracts for the supply of over 5,000 kms of EHV, HV, MV and LV cables and AAAC overhead conductors to be used in ADNOC-related projects.

ADNOC to Boost Oil Production Capacity to 5M b/d by 2030

The Abu Dhabi Oil Company (ADNOC) has revealed plans to boost its production capacity to 5 million barrels per day (b/d) by the end of 2030.

Abu Dhabi’s NPCC Awarded $231M Kuwait Oil Construction Contract

Abu Dhabi's National Petroleum Construction Co. (NPCC) announced on October 2 that it had won a $231 million construction contract from the Kuwait Oil Company.

UAE’s RAK Gas Signs Production Sharing Agreement with Zanzibar

UAE Emirate Ras Al Khaimah, the owner of RAK Gas, announced on October 29 signing an oil and gas production sharing agreement between the gas company and Tanzania's semi-autonomous region of Zanzibar.

ADNOC to Contribute to Mangalore Oil Reserves in November

The Abu Dhabi National Oil Company is planning to fill up storage tanks contracted from the Indian government in the first week of November.

UAE’s Fujairah Oil Stocks Up 5.8% on Week

Oil stocks in the Fujairah emirate increased 5.8% week-on-week to 21.612 million barrels on October 22.

ENOC, Bangladesh Agree Feasibility Study for LPG Terminal

The Emirates National Oil Company (ENOC) and the Bangladesh Petroleum Company have signed a deal to conduct a feasibility study on a liquefied petroleum gas (LPG) terminal in the country.

OPEC to No Longer Release Specific Oil Prices to Avoid US Legal Risk: Reuters

OPEC has advised its members to not mention oil prices when discussing policy in order to avoid US legal action over manipulating the market, sources close to OPEC said.

Mubadala Shelves Cespa IPO Plans

Abu Dhabi's state-owned Mubadala Investment Company has halted plans to list 25% of Spanish oil company Cepsa after investors were not convinced by its valuation.

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