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.
UAE | Egypt Oil & Gas - Part 25
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.
Waha Capital Buys Minority Stake in Petronash
Abu Dhabi investment company Waha Capital has bought a minority stake in Dubai-based oilfield services and manufacturing company Petronash Holdings worth $88 million.
UAE’s Dragon Oil Looking to Spend $500M in Acquisitions in 2019
The upstream investment arm of Dubai state-owned ENOC, Dragon Oil, plans to invest $500 million in oil and gas assets next year, chief executive Ali Rashid al-Jarwan said.
