China probing emerging UAE reserves
The state oil company in Abu Dhabi said it signed contracts with a Chinese counterpart to carry out the world’s largest surveys for new hydrocarbon reserves. The Abu Dhabi National Continue Reading
U.A.E. joins OPEC members with commitment to more oil output
The United Arab Emirates became the latest party to an OPEC-led effort to stabilize the oil market with pledges of an increase in production on Tuesday. Members of the Organization Continue Reading
UAE’s ADNOC Can Lift Oil Production By ‘Several Hundred Thousand’ Bpd
The Abu Dhabi National Oil Company (ADNOC) has the ability to raise its oil production by “several hundred thousand” barrels per day, the state-run oil firm of the United Arab Continue Reading
Sharjah launches oil and gas licensing round as it looks to plug gas deficit
Sharjah, the second-most populous emirate in the UAE has been subjected to repeated power cuts in the past. ( Pawan Singh / The National ) For Stock Sharjah has launched Continue Reading
UAE energy minister says oil market moving ever closer to becoming rebalanced
United Arab Emirates’ Energy Minister Suhail Al- Mazrouei said on Monday that the oil market is moving closer to rebalancing, according to a statement sent by his ministry. Mazrouei, who Continue Reading
UAE energy minister says efforts to rebalance oil market are ‘progressing well’
United Arab Emirates Energy Minister Suhail al-Mazroui said on Tuesday that OPEC and non-OPEC efforts to rebalance the oil market and encourage oil investment “are progressing well”. “OPEC is a Continue Reading
UAE says top oil producers committed to supply cuts until year end
All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said on Monday. UAE’s Oil Continue Reading
OMV next in line to tap U.A.E. offshore
Austrian energy company OMV spends $1.5 billion to take a minority stake in oil fields of the coast of the United Arab Emirates. File Photo by tcly/Shutterstock April 6 (UPI) Continue Reading
China takes minority stake in oil offshore United Arab Emirates
China is the next in line to take a stake in license areas off the coast of the United Arab Emirates, following European companies into the region. File photo by Continue Reading
UAE, Qatar Warily Extend Joint Oilfield Concession
The United Arab Emirates and Qatar have extended a concession for an offshore oilfield that the two share—but warily, since the UAE is part of a regional blockade against Qatar, Continue Reading