WorldOil Taqa's earnings growth accelerates following oil-price recovery Abu Dhabi National Energy Co. reported an almost fivefold jump in profit after crude prices climbed. Abu Dhabi says it's ready to pump more oil under OPEC deal Abu Dhabi said it’s ready to increase oil output in line with guidance set by OPEC and allied producers, echoing comments by Saudi Arabia that it will boost supply to meet demand. ADNOC’s Al Yasat awards EPC contract of Bu Haseer field to NPCC Al Yasat Company for Petroleum Operations, a subsidiary of the Abu Dhabi National Oil Company has awarded the Engineering, Procurement and Construction contract, for the full development of the offshore Bu Haseer field, to Abu Dhabi’s National Petroleum Construction Company. Oil industry stands on threshold of historic step change in demand for its products The oil and gas industry stands on the threshold of an historic step change in the demand for its products, driven by growth in every major market, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO. Companies in the news Baker Hughes, a GE company, has been awarded, by Equinor ASA and Aker Solutions, a contract to provide turbomachinery equipment for the topside structure on the Johan Castberg FPSO. Hamriyah Free Zone Authority recognizes top petrochemical, oil and gas companies of Hamriyah 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.