Taqa profits surge on higher oil and gas prices and North Sea production
Higher oil and gas prices saw a surge in profits for the UAE state-owned energy firm Taqa.
Abu Dhabi
Time for ADIPEC
The timing is right for ADIPEC in person, conference organisers dmg Events have said, with people eager to get together – and coming just after the COP26 event in Glasgow.
A renewable energy ‘Silk Road’
This week, the long-awaited COP26 conference finally got under way, bringing together world leaders to confront the challenge of climate change. But its outcomes, its ability to move the needle forward, is what matters to global citizens.
Abu Dhabi’s Taqa may sell oil and gas assets after review
Abu Dhabi National Energy may sell its oil and gas assets after a review, as the state-owned utility focuses on growing its utilities business. The shares gained.
Pakistani group wins Abu Dhabi block
A Pakistani group of companies has won Offshore Block 5, offshore Abu Dhabi, under its second bid round.
Schlumberger and Halliburton win big as ADNOC dishes out $764million unified contract
ADNOC has dished out a unified drilling contract worth $763.7million, with Schlumberger and Halliburton landing sizeable shares.
UAE seeks investors and long-term buyers for blue hydrogen
Abu Dhabi is seeking investors to help build hydrogen export facilities, as Middle Eastern oil producers step up plans to sell what’s seen as a crucial fuel in the transition to cleaner energy.
Mubadala sells $273 million stake in Oil Search
Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded a A$363 million ($273 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector.
Saipem wins $510mn sour gas work in UAE
Saipem has won a $510 million contract from Adnoc for work to expand the existing Shah gas plant.
Abu Dhabi weighing up sale of $4bn Taqa stake
Abu Dhabi is weighing the sale of a stake in its biggest utility as the oil-rich emirate seeks more international investment in its marquee assets, people familiar with the matter said.
Penspen wins onshore Abu Dhabi well work
Penspen has won a four-year contract to procure and construct flowlines and wellheads for 51 wells for ADNOC Onshore.
Murban Futures take flight
Intercontinental Exchange (ICE) has begun trading Murban Futures, the fruition of the plan launched in November 2019.
Taqa mulls sale of assets in UK and Canada
Taqa is considering options for its oil and gas assets in the UK and elsewhere, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.
Premier COREX opens hi-tech independent formation damage testing facility in Abu Dhabi
Premier COREX has announced the opening of its first hi-tech independent formation damage testing facility in the Middle East.
UAE’s Masdar hooks up with Malaysia’s Petronas for Asia renewables
Abu Dhabi-based Masdar and Malaysia’s Petronas will work together to pursue renewable energy and green hydrogen projects across Asia and the Middle East.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Adnoc awards block to Japan’s Cosmo
Japan’s Cosmo Energy Holdings has won exploration rights for Abu Dhabi’s Offshore Block 4, under the state’s second bid round.
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’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).