UAE | Egypt Oil & Gas - Part 36
Abu Dhabi’s ADNOC Cuts 5,000 Jobs
Abu Dhabi's state-owned National Oil Co, ADNOC, plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out.
Abu Dhabi’s Taqa Posts Q1 Loss Hurt by Low Oil Prices
TAQA reported a first-quarter net loss hurt by low oil prices. The company, majority-owned by Abu Dhabi's government, reduced its first-quarter revenue by 24% following a 43% drop in the price it sold its oil and gas.
UAE’s Masdar Completes Solar Plant in Solomon Islands
The United Arab Emirates and New Zealand inaugurated a solar power plant in Solomon Islands, developed and deployed by Masdar, Abu Dhabi’s renewable energy company and which will provide the Islands with 7% of its el ...
UAE Delays Construction of LNG Import Facility
Abu Dhabi indefinitely postponed the construction of the first onshore LNG import facility in the busy oil port of Fujairah in favor of a floating supply terminal.
UAE Allocated $4b in Support to Egypt
The United Arabic Emirates has allocated $4b to Egypt to boost country's economy, the UAE state news agency WAM informed.
Korean KEPCO Eyes New Nuclear Power Plants Deals in MENA
Korea Electric Power Corp. (KEPCO) wants to gain more contracts to build nuclear power plants in the Middle East to facilitate its goal of becoming one of the world's top nuclear power operators.
Egypt’s Maridive Signs $43m Offshore Contract in UAE
Maridive & Oil Services SAE announced that its offshore construction sector obtained a new contract worth $43m in the UAE, according to a statement released in early March.
Dana Gas Launches Zora Gas Field Production
Dana Gas has started production at the Zora gas field located in the Sharjah Western Offshore Concession in the UAE, designated to achieve a flow-rate of 40mcf/d of gas.
