UAE ///

ADNOC, LUKOIL sign cooperation agreement on UAE gas fields

The Ghasha mega-project is expected to produce over 1.5 Bcfd of natural gas by around 2025.

ADNOC links up with Russian Energy Agency to explore collaboration opportunities

Under the terms of the agreement, ADNOC and REA will jointly explore opportunities for collaboration in relation to Abu Dhabi’s exploration and production concessions.

UAE and Belize sign bilateral economic cooperation agreement

The agreement covers various major sectors, including trade of commodities and services, energy and renewable energy, industry and mining, among others.

Abu Dhabi seeks to shift oil markets with its own crude benchmark

Abu Dhabi wants to create a benchmark for Middle Eastern crude that competes for customers in Asia with exports from America’s shale boom. If the new contract for Murban crude takes off, it could herald a fundamental shift in the way Gulf producers sell oil.

ADNOC taps Weatherford for $220 million rotary steerables contract

Weatherford has signed a $220 million, three-year contract with ADNOC Offshore to provide directional drilling services for the stated goal of increasing offshore production in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells.

ADNOC Drilling completes its first offshore Integrated Drilling Services well

ADNOC plans to grow its conventional drilling activity by 40% by 2025 and substantially ramp up the number of its unconventional wells, as it targets an increase in oil production capacity to 4 MMbpd by the end of 2020 and 5 MMbpd by 2030.

Petrofac lands maintenance contract for ADNOC's Al Dhafra Petroleum

Petrofac’s Engineering & Production Services division will provide managed maintenance services for ADNOC’s Al Dhafra Petroleum to support its operations at Haliba field, located onshore along the south-east border of Abu Dhabi.

ADNOC CEO, Russian energy minister meet to explore collaboration potential

Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC and Alexander Novak, Minister of Energy of the Russian Federation met to explore potential opportunities for collaboration as ADNOC seeks to expand its strategic partnership and investment base across its entire value chain.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

OPEC+ meets in Abu Dhabi, with deeper cuts off the agenda for now

Ministers from OPEC+ are gathering in Abu Dhabi with deeper production cuts off the agenda for now, but with a backdrop of growing concern about the strength of oil demand as the global economy slows.

ADNOC awards Vallourec $900 million OTCG supply contract

The contract covers a range of products, from standard API to high end premium OCTG for both onshore and offshore oilfields, and conventional to complex wells. In addition, Vallourec will supply a large range of “from mill to rig” services as part of its new Vallourec.smart services program.

ADNOC signs V.Group to manage crews on 93 offshore vessels

V.Group has signed a contract with ADNOC Logistics & Services to provide crew management services to 93 offshore support vessels.

Tenaris receives $1.9 billion tubulars and services contract from ADNOC

The award forms part of an initiative by ADNOC to secure smart procurement solutions that add value to its upstream oil and gas drilling business and promote in-country investment and service provision.

ADNOC smart procurement program awards multi-billion-dollar OCTG contracts

ADNOC announced the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement.

Aker wins umbilicals order for Dalma project in UAE

Aker Solutions has won an order from ADNOC to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the shallow waters of the Persian Gulf.

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.