Energy transition hub launched to help Scottish companies enter UAE
Scottish Enterprise has announced plans to establish an energy transition hub in Abu Dhabi to help Scottish companies enter the United Arab Emirate’s clean energy sector.
UAE
PTTEP buys out Eni’s stake in Sharjah Onshore Area A in UAE
Thailand’s PTT Exploration & Production (BKK:PTTEP) further expands its investment in the United Arab Emirates (UAE) by acquiring 25% participating interest in the Sharjah Onshore Area A from Italy’s Eni (MIL:ENI).
ADNOC Drilling lands $1 billion contract in UAE
ADNOC has handed its subsidiary ADNOC Drilling (ADX: ADNOCDRIlL) a $980m contract for the hire of two rigs in the UAE.
Taqa toasts £1.1 billion profits as oil and gas prices surge
Abu Dhabi state energy firm Taqa toasted a 54% surge in profits for the first half of 2022 amid an oil and gas price windfall.
Thailand’s PTTEP and Italy’s Eni strike ‘significant gas discovery’ in UAE
Thailand’s PTTEP (BKK:PTTEP) has announced another “significant gas discovery” from its first exploration well in the United Arab Emirates (UAE), together with partner Eni (MIL:ENI) of Italy, that paves the way for “establishing a strong presence” in the Middle East nation.
ADNOC Drilling lands $2bn contracts for Ghasha ‘mega-project’
ADNOC Drilling has been awarded $2bn contracts for the Hail and Ghasha “mega-project” in the United Arab Emirates (UAE).
Petrofac looks ahead to ‘multi-year upcycle’ but headwinds deal a blow to E&C
Petrofac (LON: PFC) has said it is in position to benefit from a “multi-year upcycle” ahead for the oil and gas industry, but headwinds continue to hit its E&C division.
ADNOC Onshore dishes out $173m EPC contract for one of its largest oilfields
ADNOC has awarded a $173 million EPC contract to unlock further production at the Asab oilfield.
ADNOC makes first UK investment with 25% stake in BP H2Teesside hydrogen project
ADNOC, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
PM can boast no oil commitments during ‘dictator to dictator’ trip to Saudi
Boris Johnson appeared to win no oil commitments from Saudi Arabia as he defended himself from allegations of going from "dictator to dictator" to find new fuel sources after the Russian invasion of Ukraine.
Bigger Faster Better #2: The future of hydrogen in the UK and UAE
The second episode of Bigger Faster Better explores the future of hydrogen and compares how this crucial low-carbon technology is developing in the UK and the United Arab Emirates (UAE).
UAE says OPEC+ should boost output, setting up tension in group
The United Arab Emirates said it will call on its fellow OPEC+ members to boost oil output faster, a dramatic U-turn that could set the country against fellow members of the alliance led by Saudi Arabia and Russia.
Biden, Saudi King discussed oil price stability and Yemeni war
President Joe Biden spoke on Wednesday with King Salman of Saudi Arabia about ensuring stable energy prices as well as Mideast security, in light of recent attacks by Yemeni rebels, and the status of talks over Tehran’s nuclear program.
UAE blames new blast on gas explosion as US warns citizens
The United Arab Emirates said an exploding gas cylinder was responsible for a blast that rocked the capital overnight, as the US issued another warning to its citizens to remain vigilant following a series of attacks on the Gulf country.
Dwindling OPEC+ spare capacity sets oil up for sizzling summer
As they strain to restore oil production, OPEC and its allies are being left with a diminishing buffer of spare supplies -- potentially setting up crude prices for a sizzling summer.
ADNOC invests $1billion in 60-year-old Umm Shaif oil field
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago.
Former Petrofac executive ordered to pay £140,000 over bribery case
A former Petrofac executive has been ordered to pay £140,000 over bribery offences in the Middle East.
Adnoc announces onshore discoveries of up to 1billion barrels
Adnoc has announced discoveries of up to 1billion barrels of oil equivalent in a prized onshore block in Abu Dhabi.
Thailand’s PTTEP boosts investment in UAE after Eni deal
PTT Exploration & Production (BKK:PTTEP) will expand its investment in the United Arab Emirates (UAE) by acquiring a 25% stake in Area C onshore block from Italy’s Eni. The state-backed Thai upstream player said the investment fits with its strategic focus on prolific petroleum areas in the Middle East.
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.
ADNOC dishes out $187milion contract to boost capacity at Al Nouf oilfield
ADNOC Group has dished out a $187million contract to boost capacity at the Al Nouf onshore oilfield in the UAE.
The Saudi prince of oil prices vows to drill ‘every last molecule’
Prince Abdulaziz bin Salman is the most powerful man in petroleum. The Saudi oil minister navigates unruly OPEC+ nations, huge swings in prices — and the end of fossil fuels.
Oil declines after OPEC+ agrees to boost production into 2022
Oil fell after OPEC+ agreed to boost production into 2022, resolving an internal dispute that had shaken the alliance.
OPEC+ to boost oil output after Saudi-UAE compromise deal
OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates.
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.