WorldOil Hamriya Free Zone Authority recognizes top petrochemical, oil and gas companies of Hamriya Free Zone Hamriyah Free Zone Authority recognized top petrochemical, oil and gas companies of Hamriyah Free Zone during the “HFZA – Gulf Energy Information Petrochemical, Oil and Gas Event,” held in May 2018 at Hamriyah Free Zone Authority Head Office in Sharjay, UAE. UAE sees OPEC oil capacity "buffer" offsetting Iran curbs OPEC has enough spare production capacity to cushion oil markets as the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. BHGE said to hold talks with Abu Dhabi on drilling stake Baker Hughes, a GE company (BHGE), is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter. Abu Dhabi's Taqa shifts to growth mode after years of cutbacks Abu Dhabi National Energy Co., the state-controlled oil and gas producer, is looking again at boosting spending after three years of cutting back, according to Chairman Saeed Mubarak Al-Hajeri. ADNOC appoints INPEX subsidiary as asset leader for Lower Zakum area The Abu Dhabi National Oil Company (ADNOC) has signed an agreement appointing JODCO Lower Zakum Limited, a wholly-owned subsidiary of Japan’s INPEX Corporation (INPEX), as the asset leader for Abu Dhabi’s Lower Zakum concession area. Investing in predictive analytics derives true value As the oil and gas (OandG) industry emerges from the recent downtown, executives are looking for innovative ways to promote growth. Adnoc plans first competitive tender for oil and gas blocks Adnoc will issue its first competitive tender for partners to develop OandG, as the government-owned producer seeks to increase production in the UAE. UAE says oil cuts removed 85% of the oversupply problem The global deal to rein in oil output has removed “85% of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. Austria's OMV, Abu Dhabi said to plan oil deal in late April Austrian oil producer OMV AG and Abu Dhabi National Oil Co. are set to sign a partnership deal to produce oil from offshore fields in the Persian Gulf later this month, according to people with knowledge of the situation. BP squeezed out of Abu Dhabi offshore oil as China, Italy win When oil-rich Abu Dhabi put a string of offshore fields up for auction, suitors from China to Italy vied for a slice of the pie.