ICE to launch new crude futures exchange for ADNOC’s Murban

Intercontinental Exchange, Inc.will launch a new futures trading platform in Abu Dhabi Global Market for ADNOC's Murban crude...

TAQA sees 9-mnth net profit tumble as lower prices take a toll

Abu Dhabi National Energy Company (TAQA) reported a sharp drop in nine-month net profits to as revenue and oil prices took a...

Sound Energy in talks to partly sell Morocco assets for $112.8 mln

Sound Energy signed a non-binding agreement with a private UK company to purchase 51% of its Eastern Moroccan Portfolio...

Saudi Aramco announces $68 bln profit for 9 months ahead of IPO

Saudi Aramco reported a 9-month net profit of US$68 billion, ahead of the launch of its milestone public listing...

ADNOC boosts oil and gas reserves with new discoveries

ADNOC announced a significant increase in oil and gas reserves and new discoveries in Abu Dhabi...

Saudi Arabia approves Aramco plans of long-awaited IPO

Saudi Arabia’s market regulator approved on Sunday Saudi Aramco’s application for a part listing of shares on the local bourse,...

DNO reports Q3 net loss on writedown, lower oil prices

DNO, the Middle East focused oil and gas operator, reported a third quarter net loss of US$96 million due to writedowns and lower...

ADNOC Distribution Q3 net profit slips, fuel sales rise

ADNOC Distribution saw its third quarter net profit slip by 1.7 per cent to AED549 million, while earnings rose on back of higher...

Tethys Oil farms into onshore Oman Block 56 E&P license

Tethys Oil signed an agreement with Biyaq Oil Field Services to acquire a 20 percent interest in the exploration and production...

Saudi Aramco plans power JV, signs 7 MoUs

Saudi Aramco said it plans to set up a power joint venture with Air Products and ACWA Power, to be called the Jazan Power Joint...