UAE | Egypt Oil & Gas - Part 33
Saudi Aramco CEO: Demand Rebalancing Market
Rising crude demand is rebalancing the oil market, the CEO of Saudi Aramco, Amin Nasser, indicated, according to Bloomberg. Global supplies of crude are falling as markets rebalance, contributing to higher prices, Nas...
Mubadala CEO: Long-Term Effects of Underinvestment
Low investment rates in oil development projects could have long-term consequences, the CEO of Mubadala, Khaldoon El Mubarak, warned, according to CNBC. “When you look at the investments in exploration projects all ov...
Petrojet, NPCC Sign MoU
Petrojet signed a memorandum of understanding (MoU) with National Petroleum Construction Company (NPCC) to enhance oil and gas project cooperation, WAM reports. The agreement was signed by the Chairman of Petrojet, Sa...
ADNOC Looks to New Business Model, Oil Trading
The Abu Dhabi National Oil Company (ADNOC) plans to enter the oil trading business, Reuters reports. The plan is part of an overall shift in business strategy under the company’s new CEO, Sultan El Jaber, to make the ...
ADNOC Announces Partial IPO of Retail Division
Abu Dhabi National Oil Company (ADNOC) officially announced the partial initial public offering (IPO) of its retail division, Bloomberg reports. The company plans to offer at least 10% of ADNOC Distribution on the Abu...
Abu Dhabi Signs Agreement to Increase Production from Upper Zakum
Abu Dhabi plans to increase the production capacity of its Upper Zakum oilfield to 1 million barrels per day (b/d) by 2024, Reuters reports. Abu Dhabi National Oil Company (ADNOC) Exxon Mobil, and Impex Corporation si...
UAE, Oman Indicate Decision on Production Cuts This Month
A decision on extending OPEC’s production-cut agreement with ten other oil producers could be made this month, energy ministers from the UAE and Oman indicated on the sidelines of the Abu Dhabi International Petroleum...
ADNOC Looks to Expand Upstream & Downstream Capacity
The Abu Dhabi National Oil Company (ADNOC) plans to increase its production capacity to 3.5 million barrels per day (b/d), the CEO of ADNOC, Sultan El Jaber, said, according to Reuters. The company is also looking to ...
