http://www.worldoil.com WorldOil Abu Dhabi said to consider selling $4 billion Taqa stake https://www.worldoil.com/news/2021/4/21/abu-dhabi-said-to-consider-selling-4-billion-taqa-stake Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said. ADNOC mulls a public offering for its drilling business https://www.worldoil.com/news/2021/4/14/adnoc-mulls-a-public-offering-for-its-drilling-business Petrostates in the Persian Gulf are trying to bolster their economies after they were hit last year by coronavirus lockdowns and the crash in oil prices. They also want to diversify from fossil fuels by using money raised from their oil assets to invest in other industries. Abu Dhabi wants its Murban crude to benchmark Middle East oil prices https://www.worldoil.com/news/2021/3/26/abu-dhabi-wants-its-murban-crude-to-benchmark-middle-east-oil-prices On March 29th, when Abu Dhabi begins selling futures contracts for its oil and then shipping the barrels from Fujairah, it will mark an aggressive shift by the emirate. It hopes to change the way nearly one-fifth of the world’s crude is priced. UAE mulls sale of Taqa’s oil and gas assets, focusing on power generation https://www.worldoil.com/news/2021/3/17/uae-mulls-sale-of-taqa-s-oil-and-gas-assets-focusing-on-power-generation Abu Dhabi National Energy Co. is considering options for its oil and gas assets, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said. ADNOC and Petronas ink upstream and downstream tech collaboration deal https://www.worldoil.com/news/2021/3/10/adnoc-and-petronas-ink-upstream-and-downstream-tech-collaboration-deal The first-ever agreement between both companies builds on the strong bilateral ties between the United Arab Emirates and Malaysia and underscores ADNOC’s expanded approach to strategic partnerships that is enabling it to unlock and maximize value across its entire portfolio as it delivers its 2030 strategy. Crude prices achieve budget-balancing levels for Middle East economies https://www.worldoil.com/news/2021/3/5/crude-prices-achieve-budget-balancing-levels-for-middle-east-economies Brent crude now trades above fiscal breakeven prices for the four biggest oil producers in the Middle East after Saudi Arabia convinced fellow OPEC+ members to keep output largely unchanged. ADNOC says low carbon oil will play a central role in the energy transition https://www.worldoil.com/news/2021/3/3/adnoc-says-low-carbon-oil-will-play-a-central-role-in-the-energy-transition Speaking at CERAWeek, H.E. Dr. Al Jaber says the UAE has been preparing for the energy transition for over 15 years and views it as an opportunity to diversify its economy. ADNOC has stated that it will reduce its carbon intensity by a further 25% by 2030. Abu Dhabi’s de facto ruler consolidates control over ADNOC https://www.worldoil.com/news/2021/3/1/abu-dhabi-s-de-facto-ruler-consolidates-control-over-adnoc Abu Dhabi’s de facto ruler, Crown Prince Mohammed Bin Zayed, has cemented his control over the emirate’s state energy company by becoming chairman of a newly-established board of directors. Abu Dhabi grants Japan’s Cosmo offshore oil exploration rights https://www.worldoil.com/news/2021/2/10/abu-dhabi-grants-japan-s-cosmo-offshore-oil-exploration-rights Cosmo will invest as much as $145 million in the exploration phase at Offshore Block 4, government-owned ADNOC said Wednesday in a statement. Abu Dhabi holds most of the oil in the United Arab Emirates, the third-largest producer in OPEC. UAE targets carbon-capture hydrogen to reduce greenhouse emissions https://www.worldoil.com/news/2021/1/19/uae-targets-carbon-capture-hydrogen-to-reduce-greenhouse-emissions The United Arab Emirates will use carbon-capture technologies to create what’s known as blue hydrogen on its path to becoming a major exporter of the fuel, Sultan Al Jaber, CEO of Abu Dhabi National Oil Co., said at a virtual conference on Tuesday.