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 told Reuters. Dragon Oil aims to boost its producti...
A subsidiary of the Abu Dhabi National Oil Company, ADNOC Sour Gas announced that the construction of a new sulfur pipeline is on track, Reuters reported. The company said the pipeline will transport molten sulfur pro...
Abu Dhabi National Oil Company (ADNOC) is constructing a crude oil storage facility under the Fujairah mountains in the UAE, sources with knowledge of the matter told Reuters. The underground facility, named Mandous, ...
Baker Hughes General Electric (BHGE), the world’s second-largest services company, has purchased a 5% interest in the Abu Dhabi National Oil Company’s (ANDOC) drilling unit, Reuters reported. ADNOC drilling is v...
Emirates National Oil Company (ENOC) group has signed a memorandum of understanding (MoU) with Maltese company Enemed to strengthen cooperation between the two companies, the company announced in a press release. Enem...
Austrian OMV has started oil production from the Satah Al-Razboot (SARB) and Umm Lulu fields off the coast of Abu Dhabi, and expects to produce 25,800 barrels per day (b/d) before the end of 2018, Reuters reported. Th...
ADNOC LNG has signed an engineering, procurement, and construction (EPC) contract worth $860 million with Spain’s Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company, Emirates News Agency r...
Emirates National Oil Company (ENOC) has reportedly chartered at least one vessel to store jet fuel as a measure to ensure supply to airlines in Dubai ahead of the US sanctions on Iranian energy trade, set to take ful...
Production of polymer-grade propylene at Abu Dhabi National Oil Company’s (ADNOC) newly-commissioned Propane Dehydrogenation (PDH) unit at the Ruwais refinery complex has reached full capacity, the company annou...
Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO), Reuters reported. Sources close to the matter estimated Cespa’...