Plans gather pace for Aberdeen-UAE gateway event
Plans are gathering pace for a new event which is set to link the north-east of Scotland with Abu Dhabi and the wider United Arab Emirates later this year.
Abu Dhabi
OMV in $1.5bn deal for Abu Dhabi oil fields
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.
BP squeezed out of Abu Dhabi offshore oil as China, Italy win
When oil-rich Abu Dhabi put a string of offshore fields up for auction, suitors from China to Italy vied for a slice of the pie. Surprisingly, that piece was snatched from one of the world’s largest energy conglomerates.
OMV poised to clinch Abu Dhabi concesssion
Austrian oil producer OMV AG is poised to win a deal to produce oil from offshore fields in Abu Dhabi, according to people with knowledge of the situation.
Inpex buys stake in Abu Dhabi oil concession for $600m
The Abu Dhabi National Oil Company (Adnoc) has sold Japan's Inpex a 10% stake in the offshore Lower Zakum concession for $600million.
Abu Dhabi awards oil field stake to Cepsa for $1.5bn
Abu Dhabi awarded a second slice of its offshore oil concessions in as many weeks, this time to Spanish refiner and producer Cia Espanola de Petroleos SA for a $1.5 billion fee.
Indians pay $600m for stake in Abu Dhabi oil concession
Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time.
Statoil among firms seeking stakes in Abu Dhabi offshore blocks
Statoil ASA is among producers involved in discussions with the Abu Dhabi National Oil Co. about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.
Pilot ditched AW139 after oil temperature warning
An AgustaWestland helicopter was ditched in the Arabian Gulf after engine oil temperatures soared to dangerously high levels.
Lamprell completes Abu Dhabi rigs order
Lamprell has delivered the final jack-up drilling rig in a series of nine to Abu Dhabi’s National Drilling Company (NDC).
Economy Secretary to travel to Abu Dhabi on trade mission
Economy Secretary Keith Brown is to travel to the Middle East in a bid to boost overseas trade following the vote for Brexit.
Abu Dhabi merger to build oil producer dwarfing OPEC’s Libya
Abu Dhabi’s proposed merger of two of its largest sovereign investment funds would create a global energy business that produces more oil than OPEC member Libya and with more assets than ConocoPhillips.
Abu Dhabi plans merger of sovereign funds Mubadala and IPIC
Abu Dhabi is planning to merge two of its largest sovereign investment funds as the sheikhdom pursues a strategy of consolidation after the slump in oil prices.
Rigmar opens new Abu Dhabi office
Oilfield services specialist Rigmar Group is expanding its international operation with the opening of a new office in Abu Dhabi.
Adnoc said to be cutting 5,000 jobs
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.
Taqa reports $166m loss in first quarter
Abu Dhabi National Energy Co., which produces oil and natural gas from Canada to North Africa, reported a net loss for the first quarter as revenue declined because of lower crude and natural gas prices.
TAQA said to be mulling hiving off oil and gas assets
Abu Dhabi National Energy Co is considering whether to sell its overseas oil and gas assets to another Abu Dhabi state-owned entity as it focuses on its core business of power generation and water production.
ADNOC and Occidental open world’s largest sour gas project
The world's first ultra-sour gas project has been officially opened by the Abu Dhabi National Oil Company(ADNOC) in a joint venture with Occidental Petroleum.
Abu Dhabi’s oil chief sees crude market balancing by end of 2017
Oil markets will probably balance by the end of next year, with prices rising in the medium term, according to Sultan Al Jaber, the new head of Abu Dhabi National Oil Co.
Abu Dhabi stocks enter bull market as oil spurs Mideast rally
Abu Dhabi stocks entered a bull market, leading Mideast gauges higher, as rising oil prices added to growing bullish sentiment across global equities.
Abu Dhabi’s new oil head comes from investment side
Abu Dhabi, the Persian Gulf emirate that holds about 6 percent of global crude reserves, replaced the head of its state oil company with an executive who spent the last 10 years investing in energy as prices languish near a 12- year low.
Churchill Drilling to unveil new technology in Middle East
Churchill Drilling Tools will launch its HyPR HoleSaver in the Middle East. The expansion comes after successful deployments of the hydraulic pipe recovery tool in the North Sea and the Gulf Of Mexico.
OptaSense secures Gasos deal in Abu Dhabi
Acoustics specialist OptaSense, has signed an agency agreement with Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (GASOS).
Tecnicas Reunidas wins $310million contract from ADOC
Tecnicas Reunidas has been awarded a $310million contract from Abu Dhabi Oil Company Limited (ADOC) for early production facilities in the Haild field. The contract work is expected to last around 20 months and consists of onshore works to be developed in the islands of Mubarraz and Hail.
Sparrows Group strikes five-year deal with ADMA-OPCO
Sparrows Group has won a five-year deal with Abu Dhabi Marine Operating Company (ADMA-OPCO) in the Middle East. The successful re-tender came through the company’s local partner Abu Dhabi Oilfield Services. The company will provide operations and maintenance support to all cranes and lifting equipment aboard offshore platforms and the Al Hyleh Barge in the UAE and Zirku Islands.