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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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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
 
Algeria to curb oil output by 14% in next 4 years

Algeria to curb oil output by 14% in next 4 years

Sonatrach plans to invest over $50bn in operations from 2017 to 2021 with the aim to increase production by 14%
 
South Sudan rebels say seize four oil workers

South Sudan rebels say seize four oil workers

The fighters loyal to former vice president Riek Machar said they had seized the four working for DAR Petroleum Operating Company from Upper Nile State last week - the second group of oil workers abducted this month.
 
Aramco contains limited pipeline leak in Abqaiq

Aramco contains limited pipeline leak in Abqaiq

Aramco's oil pipeline leak causes one death and three injuries
 

 

Saudi online recruitment up by 34% in oil & gas

Saudi online recruitment up by 34% in oil & gas

While the November figures record an overall decline in year-on-year momentum in Saudi Arabia, the oil and gas industry continues to lead growth in online recruitment in the Kingdom
 
Bahrain LNG completes $741mn syndicated loan

Bahrain LNG completes $741mn syndicated loan

Standard Chartered, APICORP, and Korea Development Bank were the institutions leading the limited recourse project financing, which was provided by nine international and regional lenders
 
Heavy rains delay launch of Aramco projects

Heavy rains delay launch of Aramco projects

Saudi Aramco has not determine a new date for the ceremony yet
 
PDO eyes savings of $3bn over 5 years

PDO eyes savings of $3bn over 5 years

The savings are being accrued as a result of, among other initiatives, a programme of Contract Optimisation Reviews that PDO has undertaken in collaboration with its sizable contracting and vendor community.
 
PDO supports training of 300 female job seekers

PDO supports training of 300 female job seekers

Company aims to extend its job creation efforts beyond the oil and gas industry to other sectors of the economy
 
QP to hand over non-core business units to Manateq

QP to hand over non-core business units to Manateq

The transaction will go into effect as of January 2017
 
Dentos advised Oman's MB Holding on $76mn Sukuk

Dentos advised Oman's MB Holding on $76mn Sukuk

Facility represents the first dual tranche Sukuk issuance in the Sultaanate
 
Tasweeq integrated into Qatar Petroleum

Tasweeq integrated into Qatar Petroleum

The integration will involve transitioning Tasweeq's employees, assets and customer relationships into the QP organisation before the end of the year
 
PDO honours 50 staff for driving efficiency

PDO honours 50 staff for driving efficiency

The employees have been formally accredited as 'Lean' practitioners for implementing projects which have eradicated waste and unnecessary or uneconomic work practices
 
Mubadala appoints new CEO for energy subsidiary

Mubadala appoints new CEO for energy subsidiary

Ahmed Saeed Al Calily to replace acting CEO Homaid Al Shimmari
 
PDO to borrow $3.4bn in response to low oil prices

PDO to borrow $3.4bn in response to low oil prices

Money will be used to top government financing for the company's oil & gas activities over the next year
 




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