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Growth in the UAE non-oil private sector gains momentum in August

04 Sep 2024

ABU DHABI: Growth in the UAE non-oil private sector regained some momentum in August, according to the latest survey data from S&P Global. After hitting its lowest level for...

Verbal spat over oil production cuts

14 Oct 2022

In a surprisingly strong statement on Thursday, Saudi Arabia foreign ministry issued a statement refuting the White House statement saying that US President Joe Biden has called the OPEC +...

‘Maintaining investment in oil and gas critical for economic progress’

05 Oct 2022

Energy security is essential for social, economic and climate progress and the responsibility of the energy industry in maintaining energy security has never been clearer, according to Dr. Sultan Ahmed...

Adnoc inks $1.83 billion deals for drilling-related services

31 Aug 2022

Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the award of five framework agreements valued at $1.83 billion (Dhs6.72 billion) for Directional Drilling and Logging While Drilling (LWD) to...

Boosting oil production won’t fix our woes

22 Apr 2022

Judy Peres, Tribune News Service Last Earth Day, President Joe Biden pledged that the US would cut its greenhouse gas emissions in half by 2030, compared with 2005 levels....

Adnoc invests over Dhs2.8b in rigless services to boost output

14 Jul 2021

The Abu Dhabi National Oil Company (Adnoc), on Wednesday announced an investment of Dhs2.8 billion ($763.7m) in integrated rigless services across six of its artificial islands in the Upper Zakum...

Abu Dhabi discovers new oil field of about 22 billion barrels

22 Nov 2020

Gulf Today, Staff Reporter In a major breakthrough, the UAE has announced the discovery of new onshore non-conventional, recoverable oil resources in Abu Dhabi. The UAE’s Supreme Petroleum Council...

American shale companies plan to boost crude output by month-end

19 Jun 2020

American shale producers are expected to restore roughly half a million barrels per day (bpd) of crude output by the end of June, according to crude buyers and analysts,...

US oil price plunges to zero as demand collapses; stocks dip

20 Apr 2020

Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don’t want to get stuck owning crude with nowhere to store...

VIDEO: Gas discovered in Sharjah for the first time in 37 years

28 Jan 2020

The Sharjah National Oil Corporation and its Italian partner ENI, have announced a successful new discovery of natural gas and condensate onshore at the Mahani field in Sharjah. The...

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