Oil Prices Surge on Geopolitical Tensions in Middle East
Recent incidents in the Arabian Gulf led to global oil prices rising to their highest level in two weeks.
UAE | Egypt Oil & Gas - Part 23
Brooge to Construct Oil Refinery in Fujairah
The refinery is set to produce bunker fuel with a production capacity of 250,000 barrels per day (b/d).7
Abu Dhabi Launches Second Bid Round for New Blocks
The five new blocks open for bidding are Offshore Block 3, Offshore Block 4, Offshore Block 5, Onshore Block 5 and Onshore Block 2, with the latter offering two separate licensing opportunities for conventional an ...
ADNOC Sends First Shipment to China
The 10,500 tons-shipment of calcined coke is to be delivered by the end of April.
Eni Inks Agreement with RAK GAS for Block A
Eni will be the operator with 90% interest and RAK GAS will be a partner with a 10% stake.
Gazprom Sees OPEC-Led Deal Ending in H1 2019
Gazprom Neft now assumes the deal will be effective until the middle of the year.
UAE to Aid Libya Reopening Sharara Oilfield
The UAE will host Libyan meeting to discuss the reopening issue of el Sharara oilfield.
UAE to Reduce Fuel Prices in February 2019
The UAE fuel price committee announced on January 30 reduced fuel retail prices in February 2019, which is the forth consecutive decline.
Saudi Arabia to Extend Gas Network with UAE, Oman
Saudi Arabia plans to expand the regional gas network especially after the increase in the Kingdom’s estimates of energy reserves.
UAE’s Sharjah Awards Eni Onshore Exploration Concession
During the 2018 exploration bid round ceremony, Eni was awarded areas A, B & C onshore Exploration Concession Agreements from UAE’s Sharjah National Oil Corporation (SNOC).
