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 it.
The Abu Dhabi National Oil Company (Adnoc) announced on Thursday a joint study agreement (JSA) with two Japanese companies - INPEX Corporation (INPEX), JERA Co (JERA), and a government agency,
Saif Humaid Al Falasi, Group CEO, Enoc, has said: “Dubai has a vibrant marine transportation sector, including the traditional ‘Abras’ and boats by the Roads & Transport Authority as well as private owners.
The Abu Dhabi National Oil Company (Adnoc) has announced the award of contracts worth $324 million (Dhs1.19 billion) to optimise onshore field operations (OFO) and enhance efficiencies as it continues to invest responsibly to drive smart growth.
Adnoc Distribution’s market cap surged to Dhs44 billion by the end of September, 2020, a 40 per cent up compared to its market value on its date of listing back in 2017.
The price of E-Plus 91 rose by 0.4 per cent for May to Dhs2.11 per litre, up from Dhs2.10 in April. Diesel prices dropped by 2.2 per cent for May or five fils to Dhs2.17 per litre, down from Dhs2.22 in April.
Adnoc Distribution on Monday reported its first-quarter 2021 financial results, recording an underlying EBITDA of Dhs740 million with a net profit of Dhs631 million for the quarter,
The UAE has announced a slight increase in fuel prices during the month of June, according to the new petrol and diesel prices announced on Sunday by the UAE fuel price committee.
The Abu Dhabi National Oil Company (Adnoc) on Tuesday announced the award of a Dhs2.73 billion ($744 million) contract for the full field development of the Belbazem Offshore Block,
Located in Al Rahmaniya residential area on the E611, both service stations are part of a larger plan to construct 12 new stations in Sharjah by the end of the year to meet the increasing demand for fuel and automotive services in the emirate.