DNO receives payment for Tawke license deliveries

DNO ASA received US$77.2 million as payment for October 2019 crude oil deliveries from the Tawke license in the Kurdistan region...

Tendeka wins Thailand contract from Mubadala Petroleum

Completions service company Tendeka has signed a three-year contract with Mubadala Petroleum to supply sand-face completion...

STATS Group expands pipeline technology operations in Oman

STATS Group, a pipeline technology company, has strengthened its presence in Oman with the opening of a new workshop, storage and...

ADNOC Distribution approves 2020, 2021 dividend at virtual AGM

ADNOC Distribution shareholders approved a second and final dividend payment for 2019, and agreed on a dividend of 2.57 billion...

Oil sees news lows amid pandemic-hit demand and rising supplies

Oil price slumped to a 17-year low this week as coronavirus lockdowns barrelled through the world’s largest economies, leaving the...

Oman’s PDO to cut staffing amid virus impact

Petroleum Development Oman announced plans to reduce contractor staff on its projects in an attempt minimise the spread of the...

OMV, Mubadala agree on payment tranches for Borealis stake purchase

Austria’s OMV has agreed with Mubadala Investment Company to pay for the US$4.7 billion purchase price of 39 per cent stake in...

ADNOC Distribution proposes $700mln dividend for 2020, 2021

ADNOC Distribution has proposed an annual dividend of 2.57 billion dirhams ($700 million) for 2020 and 2021...

Sharjah’s NOC sees delay in Mahani first gas on COVID-19

Sharjah National Oil Corporation expects slight delays in first gas production from its Mahani onshore gas exploration project due...

Consortium finalises funding for Oman’s solar PV power plant

ACWA Power, GIC and AEPC have finalised financing for the US$400 million 500 MW solar photovoltaic power project in Ibri, Oman...