Articles
Egypt signs 9 exploration deals worth $1bn with energy companies
Awards cover exploration along the eastern and western Mediterranean as well as the Red Sea
Oil price rises as US industry group reports inventory draw
Crude inventories in the US fell 4.79 million barrels last week – the largest withdrawal since October
World Bank approves $304m grant for Yemen
Funds will tackle food insecurity, Covid-19 and education
Green hydrogen scale-up to slash short-term costs by 40%, Irena says
Industry investors are planning deployment of at least 25GW of electrolyser capacity for green hydrogen by 2026
Fitch affirms Adnoc's AA+ rating on the back of high output and low cost of production
Adnoc's long-term issuer default rating was assessed at AA, with a stable outlook
After a rollercoaster year here's what oil prices might look like in 2021
Vaccine programmes, supply cuts and tight oil and gas budgets are likely to reduce market volatility
US to continue 'maximum pressure' against Iran, departing energy secretary says
Tehran is making necessary preparations to export within three months
Adnoc plans to expand in-country value programme to support growth
The company plans to spend Dh448bn over the next five years, of which more than a third will be directed into the UAE's economy
IEA lowers fourth quarter forecast for oil demand
A second half-year recovery was largely due to China's 'fast rebound' from its earlier lockdown
Opec slashes 2021 oil demand outlook over concerns about Covid-19 impact
Global demand for 2021 is estimated to increase by 5.9 million bpd due to slowdown in the transportation sector
Oil rises amid vaccine rollout and a tanker attack in the Red Sea
The benchmarks moved higher after an attack on a Singapore-flagged vessel off the western coast of Saudi Arabia
A green pandemic recovery could slash CO2 emissions by a quarter by 2030, UN says
The report recommended prioritising green fiscal recovery including direct support for zero-emissions technologies and infrastructure
Adnoc and Exxon Mobil to jointly explore upstream R&D opportunities
The US oil major is a stakeholder in Upper Zakum field, which is being developed to reach 1m bpd capacity by 2024
Adnoc awards onshore block to Occidental in second bid round
The US oil company is paying Dh514m for exploration rights to onshore Block 5
Why 2020 was a milestone year for Adnoc
The company attracted $16.8bn in foreign investment across its value chain through a number of agreements
