Abu Dhabi Formalizes Crown Prince’s Grip Over Oil Firm ADNOC
The de facto ruler of Abu Dhabi, the richest oil emirate in the United Arab Emirates (UAE), became the chairman of the newly-formed board of directors at state oil firm Continue Reading
UAE Cements US, Israel Alliance With This Huge Oil Deal
The Abu Dhabi National Oil Co (ADNOC) – the key corporate proxy at the centre of the U.S.’s Middle East pushback against increasing Chinese and Russian influence across the region Continue Reading
ADNOC and Exxon Sign Tech Deal
ADNOC has signed a strategic framework agreement with Exxon Al Khalij Inc focused on exploring joint technology research and development partnership opportunities across the oil and gas upstream value chain. Continue Reading
Abu Dhabi Raises Much-Needed Cash In Landmark Gas Deal
With a projected budget breakeven oil price of US$69.1 per barrel of Brent this year, according to IMF figures, but accounting for around 96.8 per cent of the UAE’s 98 Continue Reading
Gulf OPEC states get head start in market share war as crude output surges in March: Platts survey
OPEC’s core Gulf countries of Saudi Arabia, the UAE and Kuwait appear to have wasted no time in ramping up their crude production after the breakdown of talks with Russia Continue Reading
The Electricity Grid Of The Future Is Being Built Here
A Future Energy Summit in Abu Dhabi last week displayed the whole universe of systems and technologies that will be required for a post-carbon world. More than 100 providers of Continue Reading
Foreign Investors Are Pouring Into This Middle East Oil Giant
Highly leveraged U.S. exploration and production (or E&P) companies have lately been struggling with dwindling valuations and endless bankruptcies as investors lose their appetite for shale while private equity markets Continue Reading
This Oil Nation Is Committing $1.5 Billion To The Aramco IPO
Abu Dhabi could invest up to US$1.5 billion in the initial public offering of Saudi Aramco, Bloomberg reported on Tuesday, citing people familiar with the matter. Saudi Arabia now relies Continue Reading
Abu Dhabi, Kuwait sovereign funds plan investment in Aramco IPO: sources
The sovereign wealth funds of Abu Dhabi and Kuwait plan to invest in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi and Gulf investors Continue Reading
Key OPEC Member Adds 7 Billion Barrels Of Oil To Its Reserves
Abu Dhabi’s Supreme Petroleum Council (SPC) upgraded on Monday the hydrocarbon reserves of the United Arab Emirates (UAE), saying that the country has added 7 billion barrels of oil, moving Continue Reading