Tag Archives: Abu Dhabi National Oil Co. (ADNOC)

ADNOC, the Abu Dhabi state oil company, Adu Dhabi Investment Holding, and Mubadala Investment Co., two state investment funds, have teamed up in an Abu Dhabi Hydrogen Alliance to develop hydrogen production and export capabilities, joining a growing number of businesses betting on hydrogen, Argus reports citing Emirati media. Bloomberg …

The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts. While OPEC’s third-largest producer will still reduce supply to Asia in January, the curbs won’t be as deep as this month in percentage terms. Abu Dhabi …

An onshore unconventional oil source with 22 billion recoverable barrels has been discovered, the Abu Dhabi National Oil Company (ADNOC) has announced. The discovery of new oil sources “is a testament to ADNOC’s relentless efforts to unlock and maximize value from the UAE’s hydrocarbon reserves for the benefit of the …

Unstable global energy demand outlook, combined with looming geopolitical threats, is seeing regional oil and gas producers ramp up transport and storage capacities The fall in oil prices as a result of the impact of the coronavirus epidemic on the Chinese economy has highlighted the fragile state of the world’s …

Abu Dhabi National Oil Company (ADNOC) has notified its customers in a letter of its plans to voluntarily adjust its crude oil production in May and June 2020, Trend reports citing OPEC. May’s voluntary adjustments: 15 percent Murban crude; 5 percent Umm Lulu crude; 5 percent Das crude; and 15 …

Currently. the majority of the UAE’s income is derived from oil exports.

Petrofac Emirates has been awarded two contracts. together worth around US$1.65 billion with Abu Dhabi National Oil Company in the United Arab Emirates.

The UAE wants to achieve gas self-sufficiency and possibly become a net gas exporter.

Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates.

There is a concern that divestment from the industry will lead to critical resources not being developed.