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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.
Read More »ADNOC Awards Petrofac $1.65B Dalma Gas Development Contract
UAE Announces Major Gas Find
The UAE wants to achieve gas self-sufficiency and possibly become a net gas exporter.
Read More »UAE Finds World’s Biggest Gas Field since 2005
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.
Read More »Climate Commitments Needed to Head off Threats of Volatility and Instability
There is a concern that divestment from the industry will lead to critical resources not being developed.
Read More »Indonesia Secures $22.8 Billion From U.A.E. for Wealth Fund
The United Arab Emirates will invest $22.8 billion in Indonesia through a sovereign wealth fund being set up.
Read More »Qatar will Join Gulf Producers in Oil-Price Formula Overhaul
Qatar Petroleum is also planning to set its official selling prices at a differential to regional benchmark grades such as Dubai and Oman.
Read More »India will Invite Foreign Firms to Invest in State-Owned Oil Companies
International energy firms will be invited to participate in India’s privatization of state-owned oil companies.
Read More »Abu Dhabi Adds 7 Billion Barrels of Oil to Its Reserves
The increase in the oil and gas reserves in the UAE makes the OPEC Middle Eastern producer 6th in both oil and gas reserves in the world.
Read More »ADNOC Drilling Completes Its First Offshore Integrated Drilling Services Well
ADNOC Drilling announced the completion of its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield.
Read More »Adnoc Buys Stake in Global Oil Storage Operator
In February. Adnoc announced that it is building the world’s largest single underground project for oil storage.
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