Scope of agreement includes cooperation across upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen
oil
Posted inNews
OPEC+ pledges to increase September output by 100,000 barrels per day
For July and August, OPEC and its allies had pledged to add more than 600,000 barrels a day to the market
Posted inNews
APICORP posts H1 2022 financial results; achieves $52mn net income
APICORP’s net income from operations grew significantly to $97.9mn in H1 2022 from $40.7mn in H1 2021
Posted inNews
ADNOC Distribution acquires a 50% stake in TotalEnergies Egypt for approx. $200mn
The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
Posted inExploration & Production
ADNOC makes second gas discovery from offshore Block 2 exploration concession
Operated by Eni, ADNOC’s latest discovery indicates a further 1 – 1.5 TSCF of natural gas from a deeper zone in Abu Dhabi’s Offshore Block 2 Exploration Concession
Posted inNews, DRILLING & PRODUCTION
ADNOC Drilling wins $2bn contracts for mega development project
Overall, more than 80% of the value of the awards will flow back into the UAE’s economy under Adnoc’s successful In-Country Value programme
Posted inNews, Products & Services
Worley wins 3-year contract to provide engineering and procurement services for Shell
Worley will support Shell’s transition to a digitised and more efficient project delivery model for continued maintenance and improvements of its offshore assets
Posted inNews
3 trends shaping transformation efforts across the energy spectrum: Report
Adnan Merhaba, Partner, Energy & Utilities Practice Lead and Carlo Stella, Partner, Energy & Utilities Practice, from Arthur D. Little Middle East talk about the growing need for meaningful change in the energy sector
Posted inNews
ENOC Group launches new compact station in Dubai South
ENOC Group’s compact station is equipped with six dispensers, allowing for fuelling on both sides of the station, offering special 95, Super 98 and Diesel
Posted inNews, Energy Transition
Brooge Energy forms wholly-owned subsidiary to expand services into green energy
Brooge Energy’s new subsidiary has signed a preliminary land lease agreement for its planned Green Hydrogen and green ammonia plant in the UAE