Saudi Aramco signed two separate memorandum of understandings (MoUs) with Abu Dhabi National Oil Company (Adnoc) and Masdar. The deals cover oil and gas technology and renewable energy development.
India signed a landmark contract for the storage of half of India’s Mangalore underground storage facility with 5.86m barrels of oil from the UAE.
Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000b/d Ruwais refinery after a fire broke out at an olefin conversion unit (OCU) in early-mid January.
Abu Dhabi National Oil Company (ADNOC) has scheduled maintenance at oil fields in March and April that will cut output to meet its OPEC output reduction target.
BP Plc swapped about $2.2b of its own shares for a stake in one of the Abu Dhabi’s largest onshore oil concessions.
Abu Dhabi National Oil Company (Adnoc) and leading energy company Masdar have jointly developed the first carbon capture utilisation and storage (CCUS) plant in the Middle East and North Africa (MENA) region.
Abu Dhabi’s Supreme Petroleum Council has approved a 2030 strategy of Abu Dhabi National Oil Company (ADNOC) which runs for five-year business plan and operational budget.