UAE

News
February 15, 2024
The industrial complex represents the first of its kind in the UAE to thread full-length premium connections aligning with Tenaris’s Rig Direct model. This model revolutionizes the tubular supply chain through digitalization, providing a distinctive blend of well-planning services, OCTG field management, and on-site running support.
News
December 06, 2023
At the center of discussions in Riyadh will be Russia’s role in OPEC+, the Saudi-led alliance between the Organization of Petroleum Exporting Countries and other major oil producers, which last week agreed to extend and deepen production cuts to bolster prices.
News
December 05, 2023
ADNOC and SOCAR will explore opportunities to work together to advance blue hydrogen, carbon management and geothermal technologies that can accelerate the decarbonization of energy systems in the UAE, Azerbaijan and other key markets and support their net zero ambitions.
News
November 20, 2023
Oil is back in a bear market, but as things currently stand one of OPEC’s largest producers is set to increase output in January.
News
October 03, 2023
TWMA will deploy its award-winning RotoMill solution alongside its newly launched XLink cloud-based, real-time monitoring technology across four artificial island drilling units to promote efficiency whilst minimizing the project’s carbon footprint.
News
October 03, 2023
The agreement is the first project to reach the technical feasibility stage since the two companies signed a strategic collaboration agreement, in 2023, to explore carbon capture, utilization and storage (CCUS) projects in the UAE and the U.S.
News
October 02, 2023
The oil industry is part of the energy transition and its voice should be heard at COP28, executives including Halliburton Co. CEO Jeff Miller, Liam Mallon of ExxonMobil and Gordon Birrell of bp, said in a panel discussion.
News
October 01, 2023
ADNOC’s carbon management strategy aims to create a unique platform that connects all the sources of emissions and sequestration sites to accelerate the delivery of ADNOC and the UAE’s decarbonization goals.
News
September 06, 2023
Using best-in-class technology, the project will triple ADNOC’s carbon capture capacity to 2.3 MMtpa, equivalent to removing over 500,000 gasoline-powered cars from the road per year.
News
July 05, 2023
The UAE is “doing enough” to contribute to the OPEC+ supply curbs, Energy Minister Suhail Al Mazrouei told reporters in Vienna. He noted the large difference between the nation’s current output — seen at 3.07 MMbpd last month, according to a Bloomberg survey — and its full capacity of 4 MMbpd.
News
June 21, 2023
The strategic alliance and rig acquisition will support DHS Ventures & Holdings target of reaching 75 MMbpd production capacity and gas self-sufficiency for the UAE by 2030, along with plans to unlock its unconventional oil and gas resources.
News
May 31, 2023
The agreements have enabled $774 million to flow back into the UAE economy through industrial investments by suppliers in expanding or establishing new facilities.
News
May 18, 2023
With the aim of being fully functional by year end, the new technology hub will be home to TGT’s scientific and engineering resources, research and development, information technology, software and AI development, manufacturing, maintenance, quality assurance, and headquarter functions.
News
May 16, 2023
Order books for the IPO, which could raise as much as $607 million at the top end, were covered throughout the range and indicated demand exceeded deal size, according to a message to investors seen by Bloomberg News.
News
April 13, 2023
ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio.
News
March 03, 2023
Investors placed $124 billion of orders for a 5% stake in ADNOC Gas, an oversubscription level of more than 50 times.
News
March 03, 2023
The Wall Street Journal reported earlier that a growing rift with Saudi Arabia means the UAE is having internal discussions about quitting the producer group, a move that could potentially leave it free to lift output.
News
March 01, 2023
TotalEnergies acquired a 20% participating interest in the Satah Al Razboot, Umm Lulu, Bin Nasher and Al Bateel offshore concession. The company also acquired a 12.88% indirect interest in the Mubarraz concession.
News
February 27, 2023
Abu Dhabi National Oil Co. will now offer 3.84 billion shares, or a stake of about 5%, in ADNOC Gas, according to a statement on Monday. It was previously looking to sell 4%.
News
February 23, 2023
The order book opened on Thursday morning and is now fully covered, according to a message sent to investors and seen by Bloomberg. Several funds, including Abu Dhabi state-linked entities, committed $850 million as cornerstone investors. Among them were also Alpha Dhabi and International Holding Co.
News
February 20, 2023
Senate Republican Leader Mitch McConnell will meet with Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, on Tuesday, according to people familiar with their plans.
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