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Dana Energy is part of the Iranian government’s plans to boost output and prepare to rejoin global markets and export its oil. Dana Energy is joining Pasargad Energy Development Company in order to explore the southern stretch of the Azadegan field, which is shared with Iraq and has an estimated 32 billion barrels of oil […]

Dragon Oil is UAE oil company ENOC’s production arm, which operates outside of the country to explore for and produce hydrocarbons, and Ali Al Jarwan has plans to continue expanding, buying assets in North Africa as well as other regions, according to a previous interview with Oil & Gas Middle East.

GS Energy is teaming up with ADNOC Group to explore hydrogen opportunities in the UAE. As a partner, GS Energy is helping to enable the UAE’s ambition to become a major hydrogen hub, and it is expanding on the existing ties between Korea and the UAE in collaborating on the oil and gas sector.

Korea National Oil Company has launched the sale of stake in several oil and fields across the UK, Dutch and Danish North Sea, according to industry reports. This is part of a wider plan to divest much of its North Sea subsidiary Dana Petroleum as it attempt to reduce debt levels and leave the maturing […]

Norway’s oil and gas operator DNO is set to acquire an additional stake in the Baeshiqa license, located in the Kurdistan Region of Iraq, approximately 60 kilometers west of Erbil. The company plans to acquire a 32% stake in the project from American oil major ExxonMobil, bringing DNO’s operated stake up to 64%. DNO became […]

The Arab Petroleum Investments Corporation (APICORP) is an energy-focused multilateral development financial institution which aims to support sustainable development of the energy industry in its 10 Arab oil exporting member countries. Despite the impact of the pandemic, APICORP’s net income increased to $115 million in FY 2020, and its balance sheet grew by 7.5% to […]

Dolphin Energy’s $1.3 billion 5.5% secured bonds were rated at A+ with stable outlook by Fitch Ratings, which reflects its competitive position in the gas markets of the UAE and Oman, resilience to low oil prices, and a longer estimated reserve life than its debt maturity as well as a positive track record of operational […]

The biggest news out of the UAE-based Sharjah National Oil Company was the start-up of production at the Mahani-1 gas well with partner Eni, a year after the discovery of gas in the field, the first new onshore discovery in the emirate of Sharjah in 37 years. SNOC and Eni each hold a 50% stake […]