oil and gas

October 17, 2019

ABU DHABI, 16th October, 2019 (WAM) -- The Abu Dhabi National Oil Company, ADNOC, signed today a comprehensive strategic framework agreement with the Federal State Budgetary Organisation 'Russian Energy Agency' by the Ministry of Energy of the Russian Federation, REA, to explore new opportunities for collaboration across the oil and gas value chain.

The agreement highlights the strength of the UAE-Russia bilateral relations and underpins ADNOC’s expanded approach to partnerships that is enabling it to unlock and maximise value across its entire portfolio.

The"...

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October 17, 2019

As previously disclosed, on October 2, 2019 Murray Energy Corporation (“Murray Energy” or “the Company”) entered into forbearance agreements with lenders holding in excess of 50% of outstanding loans under its Superpriority Credit and Guaranty Agreement and with lenders holding in excess of 50% of outstanding loans under its ABL and FILO credit facilities. Under the terms of the forbearance agreements, the lenders agreed to forbear from exercising any and all remedies available to them in respect of any event of default arising from the missed amortization and interest payments due on September 30, 2019.

On October 15,"...

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October 16, 2019

SHARJAH, 15th October, 2019 (WAM) -- Dr. Eng. Rashid Al Leem, Chairman of Sharjah Electricity and Water Authority,SEWA, confirmed that the authority is working with all local and international companies to secure their needs of high-quality cables to implement its strategy in the development of old networks and future expansion projects.

This came during a meeting Al Leem held with a delegation from LS Korean Cables Company during which the two sides discussed areas of mutual cooperation and provision of high quality cables and equipment needed to carry on with developing transporting and distributing networks in all parts of Sharjah and to"...

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October 16, 2019

ABU DHABI, 15th October, 2019 (WAM) -- The Abu Dhabi National Oil Company,ADNOC, signed today a comprehensive strategic framework agreement with the Public Joint Stock Company Gazprom Neft,Gazprom Neft, to explore new opportunities for collaboration in both the upstream and downstream sectors, as well as in artificial intelligence and other innovative technologies.

The cooperation brings together two leading energy producers to collaborate in areas of strategic importance for both companies and reinforces the strong bilateral relations between the United Arab Emirates,UAE, and Russia. It also underscores ADNOC’s drive to leverage value-add"...

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October 12, 2019

(WAM) -- A consortium led by Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy companies, today inaugurated Cibuk 1, the largest utility-scale commercial wind project in Serbia and the Western Balkans.

The inauguration of the 300 million-euro project was attended by Aleksandar Vucic, President of the Republic of Serbia, Aleksandar Antic, Serbia’s Minister of Mining and Energy, and other high-level government officials from both Serbia and the United Arab Emirates, includingDr. Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, Mubarak Saeed Al Dhaheri, UAE Ambassador"...

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October 10, 2019

The Abu Dhabi National Oil Company is pursuing a balanced growth strategy including 'responsible production' to meet the world’s long-term energy demand, according to Dr Sultan Al Jaber, Minister of State and Adnoc Group chief executive.

Speaking at the 40th Oil and Money Conference in London, hosted by Energy Intelligence, Dr Al Jaber said that short term energy demand 'has continued to soften' in response to current global economic uncertainty.

'Over the medium and long-term, the outlook remains positive, solid, and robust. By 2040, three"...

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October 9, 2019

Fluor Corporation (NYSE: FLR) announced today that a consortium of Fluor, JGC Corporation of Japan and TechnipFMC of France was awarded an engineering, procurement and construction contract by Mozambique Rovuma Venture S.p.A. (MRV) for its Mozambique Rovuma Liquefied Natural Gas (LNG) Phase 1 Project in Cabo Delgado, Mozambique with an immediate release of a limited notice-to-proceed. Fluor will book its portion of this work in the fourth quarter of 2019.

“Fluor"...

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October 8, 2019

Rockwell Automation, the world's largest company dedicated to industrial automation and information, has announced the appointment of Sebastien Grau as regional sales director for the Middle East, Turkey and Sub Saharan Africa.

Welcoming Grau to his new role, Rockwell Automation EMEA president Susana Gonzalez said: “We are excited that Sebastien has joined our team and will help us further align and connect even more across our key markets of the Middle East, Turkey and Sub Saharan Africa.”

"...

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October 7, 2019

Dubai Multi Commodities Centre (DMCC) and Jebel Ali Free Zone (Jafza) have signed an agreement that will bring warehousing solutions and logistic services to member companies registered in the DMCC Free Zone.

Dubai Multi Commodities Centre (DMCC), a leading free zone and DP World, UAE Region through its subsidiary Jebel Ali Free Zone (Jafza) have signed an agreement that will bring warehousing solutions and logistic services to member companies registered in the DMCC Free Zone.

Ahmed Bin Sulayem, executive chairman and chief executive officer, DMCC, said: “Since its establishment almost thirty-five years ago, JAFZA has played a crucial role in making Dubai the global centre for trade it"...

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October 7, 2019

ABU DHABI, 6th October, 2019 (WAM) -- The Abu Dhabi Securities Exchange Sunday listed the Emirate of Abu Dhabi Global Medium Term Note Programme total amount of US$ 10,000,000,000 in three tranches, according to ADX's official website.

Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on 23rd September 2019 successfully priced a US$10 billion multi-tranche international bond offering.

The transaction comprised three tranches: (i) US$3 billion -2.125 percent- due in 2024, which priced at 65 bps over US Treasuries;"...

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