Oil price volatile after cargo ships sabotaged in UAE waters

Four commercial ships in UAE territorial waters in the Gulf of Oman were sabotaged, near of the key oil transport routes amid...

Brooge Petroleum to build 250,000 bpd oil refinery in Fujairah

Brooge Petroleum and Gas Investment Co plans to set up an oil refinery to produce bunker fuel in the Emirate of Fujairah...

ADNOC Distribution announces five-year expansion plan

ADNOC Distribution announced plans to expand its facilities and investment services around the UAE, especially in Dubai.

McDermott awarded offshore contract by ADNOC

McDermott International was awarded a multi-million dollar contract by ADNOC to provide FEED services for phase one of the Umm...

Chariot finds new gas prospects in Morocco

Chariot Oil & Gas said a new third-party evaluation of prospects close to its Moroccan Anchois-1 gas discovery in the Lixus...

TAQA Q1 profit slumps, hit by FX losses

TAQA made a net profit of AED 6 million in the first quarter, a drop of 95 per cent as the company suffered from forex losses and...

Bilfinger wins EPC contracts from ADNOC

Bilfinger said it won three separate projects by Abu Dhabi National Oil Company (ADNOC) for work at the latter’s Ruwais...

Sound Energy successfully tests gas well in Morocco

Sound Energy, Morocco-focused upstream gas company, said it has found gas at a second test well at TE-10 in the Greater Tendrara...

ADNOC and ExxonMobil CEOs discuss new opportunities

ADNOC and ExxonMobil CEOs met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss...

Saudi's TAQA to buy two U.S. companies

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield...