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ADNOC, OMV sign MoU on downstream businesses opportunities HE Dr Sultan Ahmed Al Jaber (right), the UAE minister of state and group CEO, ADNOC, and Dr Rainer Seele, CEO, OMV, sign the MoU on ADNOC’s downstream businesses.

ADNOC, OMV sign MoU on downstream businesses opportunities

The agreement supports the evaluation of opportunities in downstream projects, the exchange of knowledge and experience in refining operations and refinery-petrochemical integration and optimisation, and downstream technical and maintenance support.

 •   ADNOC, Penthol sign agreement for selling Group III base oil in the US
 •   OMV plans to increase its Abu Dhabi investments
 •   ADNOC, Masdar sign MoUs with Saudi Aramco


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Women leading the way in asset integrity engineering services

Women leading the way in asset integrity engineering services

According to UNESCO and based on a study conducted in 2015, 60% of the engineering students in some universities in the GCC are women, compared to 30% in the United States and Europe.
 
Aramco, US companies sign agreements worth $50bn during Trump's visit

Aramco, US companies sign agreements worth $50bn during Trump's visit

The agreements, which are estimated to be around US$50 billion, highlight the magnitude of strategic growth and diversification underway at Saudi Aramco, including strengthening the company's standing as the world's leading energy and chemicals company.
 
Dana Gas Q1 2017 revenue rises by 44%, profit surges 83%

Dana Gas Q1 2017 revenue rises by 44%, profit surges 83%

The Sharjah-based private natural gas producing company attributes positive financial results to a number of factors, chief among those being increased production, principally in Egypt, and higher realised oil and gas prices
 
PDO's Miraah project to begin operations from August

PDO's Miraah project to begin operations from August

Using the curved mirrors to harness sun's energy, the world's largest solar project for enhanced oil recovery will generate 1GW of energy at full capacity with a daily steam output of 6,000 tonnes
 

 

NIOC ratifies exploration and production roadmap

NIOC ratifies exploration and production roadmap

The plan entails the development of Dasht-e-Abadan, the Gulf, Northern and Southern Dezful and Koppeh Dagh blocks by 2022, the end of Iran's sixth five-year economic development plan
 
DNO Q1 results out, expands drilling in Kurdistan

DNO Q1 results out, expands drilling in Kurdistan

DNO reported quarterly net profit of US$15 million, reversing a net loss of US$31 million in the previous quarter.
 
TechnipFMC, ZADCO ink pact for SRP in Abu Dhabi

TechnipFMC, ZADCO ink pact for SRP in Abu Dhabi

The objective of the EPC3 project is the installation of a sulphate reduction plant module along with new installations and tie-in to existing facilities in West Island.
 
BV gets Noble Energy deal off Mediterranean coast

BV gets Noble Energy deal off Mediterranean coast

Bureau Veritas will be focused on the review and verification of the design / engineering, fabrication, installation and commissioning of the safety critical elements of the project.
 
Iran's NIDC expands oil and gas drilling in FY2016

Iran's NIDC expands oil and gas drilling in FY2016

the National Iranian Drilling Company has completed drilling operations in 193 exploration, appraisal, repair and production oil and gas wells during the previous fiscal that ended on March 20
 
Oman crude reserves decline to over 5.1bn barrels

Oman crude reserves decline to over 5.1bn barrels

Around 110mn barrels of crude were added during 2016 to the total oil and condensate reserves, through newly discovered oil finds, bringing up the total reserves to up to 5115mn
 
Saudi Aramco invites bids for $400mn EPC contract

Saudi Aramco invites bids for $400mn EPC contract

Saudi oil giant floats tender for a new fuel storage facility for oil products at the port of Duba, on Tabuk's Red Sea coast
 
Reliance completes sale of GAPCO interest to Total

Reliance completes sale of GAPCO interest to Total

Since the acquisition of 76 percent equity interest in GAPCO by REPDMCC in 2007, GAPCO has significantly grown and is one of the leading petroleum marketing companies in East Africa.
 
UAE announces lower fuel prices for April 2017

UAE announces lower fuel prices for April 2017

The move by the UAE Energy Ministry, the first in 2017, comes as the price of Brent crude - the global crude oil benchmark - has remained subdued and trading around $52 a barrel for the past couple of weeks
 
UAE reduces March oil output by 200,000 bpd approx

UAE reduces March oil output by 200,000 bpd approx

WAM report quotes UAE Energy Minister Al Mazrouei as citing maintenance operations as the main reason for the production cut
 
Genel slashes Kurdistan field reserves estimate

Genel slashes Kurdistan field reserves estimate

The company said it expected to book an impairment against the carrying value of its holding in the Taq Taq field by $181mn in its 2016 accounts, blaming significant uncertainties around the oil reserves in the field
 




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