UAE ///

Oil tankers perform vanishing act in Hormuz as tensions escalate

Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important -- and lately most dangerous -- energy chokepoint: vanish from global tracking systems.

NPCC and Petrofac JV awarded offshore contract by Al Yasat Petroleum

National Petroleum Construction Company and JV partner Petrofac, have secured a new contract with Al Yasat Petroleum to provide FEED services for the Belbazem Block Development Project, located offshore Abu Dhabi, UAE.

EIA: Iran drove unplanned OPEC production outage to highest levels since 2015

EIA says unplanned crude oil production outages for OPEC averaged 2.5 MMbpd in the first half of 2019, the highest six-month average since the end of 2015.

Oil and gas in the capitals

Dr. Anas Alhajji, Contributing Editor

Middle Eastern Oil: Is Trump making the situation worse?

UAE splits with U.S. over blame for May oil tanker attack

The United Arab Emirates appeared to distance itself from U.S. claims that pinned attacks on oil tankers near the Strait of Hormuz on Iran.

Petrofac secures training solutions contracts in Oman, UAE and Iraq

Petrofac has secured a number of new awards and contract extensions, with a combined value of over $30 million, to provide training solutions for key national oil company and international oil company clients in Oman, the UAE and Iraq.

ADNOC Drilling completes first integrated drilling services in UAE

ADNOC Drilling, an Abu Dhabi National Oil Company (ADNOC) subsidiary, has announced the completion of its first fully ‘integrated drilling services’ well in the Al Dabbyia onshore field, in the Al Dhafra Region of the Abu Dhabi emirate.

Weir Oil & Gas awarded contract with Expro for repair of Powerchoke products

Weir Oil & Gas Dubai announced that it has signed a contract with Expro to provide authorized repairs, specifically for Expro’s PowerChokes product range.

New exploration captures support Eni’s aggressive Middle East growth strategy

Following recent announcements of Eni S.p.A.’s acquisition of new exploration acreage in Bahrain, the UAE and Oman, Will Scargill, senior oil & gas analyst at GlobalData offers his view on their place within the company’s wider strategy.

OPEC is in 'whatever it takes' moment to prop up oil prices

OPEC hasn’t even started implementing its new six-month agreement to cut output, and already members responsible for most of the reductions have pledged to extend or even deepen it.

Siemens and ADNOC celebrate inauguration of Taweelah Gas Compression Plant

The Abu Dhabi National Oil Company (ADNOC) inaugurated its Taweelah Gas Compression Plant, ensuring uninterrupted gas supplies to major Abu Dhabi industries and the UAE’s Northern Emirates. The plant, located 50 km north of Abu Dhabi, will utilize up to 450 MMscfd of sales gas, delivered to the facility by ADNOC Gas Processing’s recently installed Maqta-Taweelah pipeline.

ADNOC announces additional partnerships

ADNOC will accelerate delivery of its new integrated gas strategy, as well as its plans to increase its oil production capacity to 4 MMbpd by 2020.

Abu Dhabi signals global ambition with 2 MMbbl oil hike

Abu Dhabi signaled its ambitions to send more oil and gas around the world as it woos investors to fields at home and hunts for assets abroad.

OPEC, allies move closer to oil cuts as bear market adds urgency

OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.

Ampelmann opens new office in Dubai, and appoints Tim Mulders as business developer

Ampelmann, the global leader in offshore access solutions, has opened its second office in the Middle East in a move to further expand its presence in the region.

The heart of global oil exports thrives amid geopolitical tensions

Michele Cowart, World Oil

The Middle East and North Africa (MENA) remain the quintessential oil exporting region, replete with considerable assets and tensions.

Growth opportunities ahead as demand for oil to hit record high, UAE Minister says

There are opportunities for expansion, investment and growth in the oil and gas industry, as demand for energy continues to rise, particularly from the high-growth economies of Asia, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC).

Baker Hughes to pay $550 million for stake in Adnoc drilling

Baker Hughes, agreed to buy a 5% stake in Adnoc Drilling, a deal that values the unit of government-run Abu Dhabi National Oil Co. at about $11 billion.

Iran's oil buyer and rival, UAE may be cracking down on trade

The United Arab Emirates, which has a history of talking tough on Iran while still buying its oil, appears to be taking steps to comply with looming U.S. sanctions against the Islamic Republic’s energy industry.

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.