This is the first time ADNOC has explored for hydrocarbon resources in Dubai, with 10 exploration and appraisal wells
Author Archives: Staff Writer
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N-Sea and BODAC JV rebrands to UXOcontrol
The joint venture was created in 2016, and rebranded following a multi-million euro investment in its UXO portfolio
Petrofac partners with Microsoft for IoT platform
The Connected Construction platform is designed to accelerate digital transformation at project worksites
Yemen’s Houthis claim 26 rocket attacks in Saudi Arabia last month
Saudi Aramco was among the targets hit by the Houthi attacks
Kuwait and Saudi Arabia reportedly start work on shared Khafji field
The two countries are working to restart production from the field, with output expected by the end of February
Japanese consortium completes study to develop Libya’s Sirte Basin concession 47
They plan to increase production from 10,000bpd to 80,000bpd
China oil imports from Saudi Arabia jumped 47% in 2019
Shipments from the US were almost halved due to the trade dispute between the two nations
Coronavirus trumps Middle East’s impact on oil prices, says GlobalData
John Bambridge, features and analysis editor at GlobalData, commented following the first confirmed case of Wuhan coronavirus in the UAE (and the Middle East)
ENI and Libya NOC’s joint venture is losing $9.4mn per day
As Libya’s output grinds to a halt, revenue is being severely impacted
SABIC posts rare loss for Q4 2019
The company’s net profit for the full year also dropped drastically by 74%