oil and gas

December 13, 2018

FUJAIRAH, 12th December, 2018 (WAM / S&P Platts) -- Oil products stocks at the Port of Fujairah were down 3.2 percent on the week, led by a draw in middle distillates stocks, according to the Fujairah Energy Data Committee.

Middle distillates dropped 34.6 percent week-on-week to 1.517 million barrels, marking a 12-month low and the second-lowest level since records began. An open gasoil arbitrage from markets to the east of Suez was supporting demand and increasing flows to Europe, according to Platts Analytics.

Light distillates stocks also dropped by 2.7 percent"...

Continue Reading >

December 12, 2018

ABU DHABI, 11th December, 2018 (WAM) -- The President of Abu Dhabi Oil Company, ADOC, has said that the company will continue to play its role in strengthening existing amicable bilateral relations between the UAE and Japan.

Yasushi Ohe made this statement at a reception yesterday at the St. Regis Hotel in Abu Dhabi, marking the 50th anniversary of the company, in the presence of several senior officials in the petroleum industry.

Yasushi Ohe said, 'The history goes back to 17th January 1968 when ADOC was established by three Japanese refining companies who were"...

Continue Reading >

December 11, 2018

Just days after Abu Dhabi’s Adnoc Distribution announced plans to make its first foray into the Saudi service station market, Dubai’s ENOC (Emirates National Oil Company) Group has revealed it plans expand its network and build 45 new stations in the in kingdom over the next five years.

The Dubai-owned service station operator currently has 14 stations across Saudi Arabia, and now plans to expand its presence to 59. The future stations will include Zoom convenience stores, as well as a variety of retail outlets such as Pronto.

ENOC said all of the stations"...

Continue Reading >

December 10, 2018

Mubadala Petroleum has completed the acquisition a 20% participating interest in Eni’s Nour North Sinai Offshore Area concession, an offshore exploration block in Egypt.

In the concession, which is in participation with Egyptian Natural Gas Holding Company (EGAS), Eni as operator through its subsidiary, IEOC, now holds a 40 percent interest.

The other partners in the concession are BP with 25 percent interest and Tharwa Petroleum Company with 15 percent interest.

In June this year,"...

Continue Reading >

December 10, 2018

(WAM) -- The Abu Dhabi National Oil Company, ADNOC, announced on today, the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited, CEFC China, has been acquired by North Petroleum International Company Ltd, a subsidiary of China ZhenHua Oil Co. Ltd.

The ownership change has been approved by Abu Dhabi’s Supreme Petroleum Council and is in line with the UAE leadership’s directives to grant access to Abu Dhabi’s oil and gas concessions to partners who offer technology, operational experience, capital or market access. The transfer was endorsed by Dr. Sultan bin Ahmad Sultan Al Jaber,"...

Continue Reading >

December 9, 2018

Global pioneers in the district cooling sector from the US, Canada and Europe will be in Dubai, UAE, this week at a major industry event where they will discuss ways to develop effective energy for smarter cities in the region.

The eighth International District Cooling Conference & Tradeshow kicks off in Dubai tomorrow (December 9) under the theme ‘Effective Energy for Smarter Cities’ at the Atlantis The Palm, Dubai.


Continue Reading >

December 6, 2018

Abu Dhabi International Airport has officially announced the launch of an interactive walkway which converts the footsteps of travellers into off-grid electricity and data.

Abu Dhabi Airports has commissioned Pavegen, the award-winning UK clean-tech company, in collaboration with Masdar (Abu Dhabi Future Energy Company) to construct a 16-sq m energy harvesting walkway.

The path connects two terminals within"...

Continue Reading >

December 6, 2018

ABU DHABI, 5th December, 2018 (WAM) -- ADNOC Logistics & Services (ADNOC L&S) and INPEX CORPORATION (INPEX) have signed a framework agreement for an LNG bunkering partnership in the UAE. Under the agreement, ADNOC L&S, a wholly-owned subsidiary of the ADNOC Group, and INPEX will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia.

The use of LNG as a fuel on non-LNG carriers is expected to grow significantly as ship owners seek new compliance solutions to meet the 2020 IMO’s global sulfur cap. The UAE is strategically"...

Continue Reading >

December 4, 2018

DUBAI, 3rd December, 2018 (WAM) -- The Dubai Electricity and Water Authority, DEWA, has announced that it waived new connection charges for connections of up to 150kW for commercial and industrial customers, for the next two years, in a move that boosts Dubai's economy.

Speaking on the occasion, Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA, said, 'We have ambitious initiatives and sustainable development projects that support the vision of our wise leadership and the objectives of the UAE Centennial 2071, which outlines a roadmap for long-term government work and the path for a brighter future for generations to come. The"...

Continue Reading >

December 3, 2018

The Abu Dhabi National Oil Company (Adnoc) said it is moving ahead with plans to expand the capture, storage and utilization of carbon dioxide (CO2) produced from either the Habshan-Bab gas processing facilities or the Shah gas plant.

A decision on which plant to capture the CO2 from first will be taken in 2019. The project will be engineered so as not to interrupt ongoing production from either facility.

The additional CO2 capture will reduce Adnoc’s carbon footprint – which is among the lowest in the industry – and liberate natural gas, previously used for oil field injection, for other more valuable purposes, while simultaneously addressing growing global demand for oil by"...

Continue Reading >