Former senior Petrofac boss pleads guilty to further bribery charges
A former senior boss at Petrofac has pleaded guilty to further charges of bribery in a Serious Fraud Office (SFO) investigation related to contract wins worth billions of dollars.
Abu Dhabi
Abu Dhabi’s $232bn Mubadala wants to take crack at top 10
Abu Dhabi’s Mubadala Investment Co. is overhauling its structure and deploying capital to double in size to nearly half a trillion dollars in the next decade, a plan that will vault it into the top ranks of the world’s sovereign wealth funds.
Eni, PTTEP take Abu Dhabi offshore block
Eni and Thailand’s PTT Exploration and Production (PTTEP) have won the first offshore block in Abu Dhabi’s second bid round, Adnoc has announced.
Oxy wins Abu Dhabi onshore block
Occidental Petroleum has won the exploration rights to Abu Dhabi Onshore Block 5, Adnoc has reported.
BP winds down one of the oldest companies in Scotland
Oil giant BP has appointed liquidators for one of the oldest companies in Scotland after nearly 135 years in operation.
Abu Dhabi funds invest $2.1billion in Adnoc gas pipelines
Abu Dhabi government institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
Adnoc L&S wins long-term port work
Adnoc Logistics and Services (L&S) has signed a deal to provide a range of marine services for all petroleum ports in Abu Dhabi.
Adnoc, Mubadala, ENEC team up on local content
Adnoc has signed framework agreements with Mubadala Investment and Emirates Nuclear Energy Corp. (Enec) focused on co-operation on in-country value (ICV).
Proserv opens new facilities in Scotland and Abu Dhabi after ‘seven figure’ investment
North-east energy services firm Proserv Controls said yesterday it had opened new facilities in Cumbernauld and Abu Dhabi after a “seven figure” investment.
Abu Dhabi takes $615 million stake in US LNG exporter
Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc., the largest U.S. exporter of liquefied natural gas.
Adnoc considers stake sale in $5billion of properties
Abu Dhabi National Oil Co.(Adnoc) is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign investors.
Taqa to sell more shares following deal to create utility giant
Abu Dhabi’s Taqa plans to sell more shares after completing an asset-transfer deal with its parent, government-owned ADPower, that creates a utility giant in the Gulf Arab region.
Oxy eyes Middle East sales to tackle debt
Occidental Petroleum is reviewing options for its Middle Eastern assets as it seeks ways to reduce its debt pile, people familiar with the matter said.
African rig count plummets, while Middle East holds up
Africa has been the hardest hit region in terms of rig numbers, according to Baker Hughes’ May data.
Abu Dhabi said to near pipeline deal with GIP-backed group
Abu Dhabi’s state-owned energy producer is close to selling a multibillion-dollar stake in its natural gas pipelines to an investor group backed by Global Infrastructure Partners and Brookfield Asset Management Inc., in what is set to be one of the year’s biggest infrastructure deals.
GMS sees off Seafox, allies with Zakher
Gulf Marine Services (GMS) has announced a framework agreement with Zakher Marine International, another operator of self-propelled self-elevating support vessels (SESVs) in the Middle East.
Dubai, Abu Dhabi go head to head in solar pricing
Dubai Electric and Water Authority (DEWA) has awarded the fifth phase of a solar park project to a consortium led by ACWA Power claiming a new record price.
Abu Dhabi in talks With EDF, Jinko to install huge solar farm
A pairing of Electricite de France’s renewables arm and China’s Jinko Solar is the lead bidder to build a solar farm larger than 4,200 soccer pitches that would supply power at what could be record-low prices.
ADNOC launches offshore power network tender
ADNOC and ADPower have launched a joint tender for a subsea power transmission network, connecting offshore production facilities to the onshore power grid.
GIP consortium to seek $8 billion loan for ADNOC deal
An investor group backed by Global Infrastructure Partners and Brookfield Asset Management is seeking a loan of about $8 billion to finance the potential purchase of a stake in ADNOC’s natural gas pipelines, according to people with knowledge of the matter.
Petrofac loses Dalma work from ADNOC
Abu Dhabi’s ADNOC has terminated two contracts for Petrofac’s joint venture on the Dalma gas development worth $1.65 billion.
Taqa’s North Sea boss predicts ‘challenging year ahead’
The boss of Taqa’s North Sea business has predicted a “challenging year” ahead as the Abu-Dhabi oil firm publishes its 2019 results.
MENA’s chance at hydrogen exports
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
Petrofac wins contracts worth £1.3billion for Abu Dhabi ‘mega project’
Petrofac has been awarded two contracts worth a combined £1.3billion for a “mega project” near Abu Dhabi.
Abu Dhabi to develop major gas find with Dubai
Abu Dhabi National Oil Co. (ADNOC) and the Dubai Supply Authority (DUSUP) have signed an agreement to develop the Jebel Ali project, a shallow gas find.