Abu Dhabi

Middle East

OMV in $1.5bn deal for Abu Dhabi oil fields

09/04/2018

OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot  and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.  

Middle East

Adnoc said to be cutting 5,000 jobs

16/05/2016

Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.

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