January 23, 2020

The Abu Dhabi National Oil Company (Adnoc) has signed a strategic framework agreement with Italy's energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS), and additional strategic opportunities in research and development (R&D) across the oil and gas value chain.

The agreement brings together two leading energy producers and harnesses their world-class talent and technologies to unlock value in areas of strategic importance to both companies while reinforcing their existing partnerships across the oil and gas value chain. It also builds on Adnoc's recently announced sustainability"...

January 23, 2020

Three UAE companies have been ranked among the world's 500 most valuable brands, led by oil giant Abu Dhabi National Oil Company (Adnoc).

According to Brand Finance, Adnoc is the Middle East's fastest growing brand to achieve brand valuation of more than $10 billion. Its total brand value stood at $11.4 billion, growing by 28.5 per cent.

With a brand value of $11 billion, telecom giant Etisalat is the second most valuable brand and has been rated as the most valuable consumer brand for the third consecutive year. It is also the most valuable telecom brand in Middle East and Africa.

As the premier digital and telecommunications partner of the upcoming Expo2020 in Dubai, all"...

January 22, 2020

ABU DHABI, 21st January, 2020 (WAM) -- Mubadala Petroleum today announced that it has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts, PSCs, to Premier Oil following Indonesian Government approvals.

Following completion, Mubadala Petroleum, as operator, has 80 percent participating interest in each of the Andaman I and adjacent South Andaman PSCs, with Premier Oil holding the remaining 20 percent participating interest in the two blocks, the company said in a press statement.

Mubadala"...

January 22, 2020

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker grew to 70 USD per barrel shortly after the attacks, it declined to 64 USD per barrel on 16th January. Furthermore, price of West Texas Intermediate (WTI) declined to 58 USD per barrel compared to previous price of 65 USD per barrel shortly after the attacks.

Tensions"...

January 22, 2020

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton Oilfield Services Group was established in Tarim Basin, China in 1999. Under the leadership of Luo Lin, the entrepreneurial journey started. Over the last 20 years, Anton has established its global footprint, and constructed its product portfolio of Oilfield Management, Well Construction, Inspection and Asset Leasing,"...

January 21, 2020

ABU DHABI, 20th January, 2020 (WAM) -- The Abu Dhabi National Oil Company, ADNOC, signed today, a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage, CCUS, and additional strategic opportunities in research and development across the oil and gas value chain.

The agreement brings together two leading energy producers and harnesses their world-class talent and technologies to unlock value in areas of strategic importance to both companies while reinforcing their existing partnerships across the oil and gas value chain. It also builds on"...

January 21, 2020

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide front-end engineering and design (FEED) services for the second phase of the Haliba field, located in Al Dhafra Petroleum’s concession area. The project’s aim is to develop surface facilities in an optimized manner to handle long-term production as well as"...

January 20, 2020

Dubai-based on-demand fuel delivery app Cafu will launch in Oman following a new joint-agreement signed with local firm Al Maha Petroleum.

Cafu said the services will initially operate in Muscat before being rolled out to other parts of the sultanate.

The tech firm revealed the new operation in Oman is the first part of its international expansion strategy.

Cafu, operating in the UAE since 2018, delivers fuel to homes, offices or anywhere a car might be parked with its custom-built vehicles"...

January 19, 2020

ABU DHABI, 18th January, 2020 (WAM) -- Sanad Powertech, a wholly-owned subsidiary of Mubadala Investment Company, has been awarded a contract for the maintenance, repair and overhaul, MRO, operations of the steam engine and power generator of Shams Power Company, one of the largest operational concentrated solar power plants in the world.

The contract was signed during the Abu Dhabi Sustainability Week, held from 11th to 18th January 2020.

The project within the domestic portfolio of Abu Dhabi Future Energy Company, Masdar, a wholly-owned subsidiary of Mubadala, covers"...

January 18, 2020

(WAM) -- The Catalyst, the sustainability-focused accelerator supported by Masdar and BP, has announced three new companies for its second cycle of funding, training and mentorship.

The announcement was made at Abu Dhabi Sustainability Week 2020, the region’s largest sustainability gathering, taking place this week in the UAE capital.

According to a statement released by Masdar, all three start-ups will receive funding and training, access to The Catalyst’s mentor network, and office space at Masdar City’s Tech Park or Accelerator Building.