We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

THE ECONOMY - OIL AND GAS

Gasoline alkyl plant planned in Dubai

Posted on 11/04/2002

A UAE national industrial group is planning the setting up of a Dhs132 million petrochemical plant for producing straight-run gasoline alkyl. Al Khaleej learnt that the Emirates Straight-run Gasoline Alkyl has in association with Italian Balister Company started construction of the plant in Dubai. The plant measures 60,000 square metres and will have an annual capacity of 50,000 tonnes. Sources said the company has reached an agreement with officials in Dubai to licence the company, adding ...  >>MORE

ADNOC to build biggest service station

Posted on 07/04/2002

Abu Dhabi National Oil Company, ADNOC, will be building the region's biggest self contained Car Care Centre at Mussafah in Abu Dhabi. Yesterday, ADNOC-Fod general manager opened one of ADNOC's biggest, most advanced and fully equipped petrol filling station in Abu Dhabi on the Khaleej Al Arabi Road. The centre will be one of its kind and will provide one of the most advanced and innovative service to motorists, catering to their driving needs as well as other social and civil requirements. The ...  >>MORE

ADNOC-Shell charts plans for sour gas

Posted on 05/04/2002

A joint ADNOC-Shell study team has completed a feasibility study and produced a development concept to utilise Abu Dhabi's significant sour gas reserves, a top ADNOC official said. "At the moment, ADNOC is using clean sweet gas for its gas injection, but with supplies of sour gas readily available to us, we would like to use this for injection into our oil and gas reservoirs," said Mohammed Al Qubaisi, deputy director for exploration and production at ADNOC. The ADNOC-Shell team was formed ...  >>MORE

Abu Dhabi crude market soft

Posted on 02/04/2002

The light sour Abu Dhabi crude market was soft in Asia yesterday as steep discounts were seen to be given by the seller as demand from Japan weakened. Traders said at least two million barrels Murban crude were last exchanged at ADNOC minus five to minus 10 cents a barrel, marking some of the year's weakest levels. But the market drew consolation from the fact that May supplies were fast drawing down. Among the trades was a million barrels Murban sold at ADNOC minus 5 cents, and two cargoes of ...  >>MORE

Oil tankers collide off Fujairah

Posted on 28/03/2002

Two oil tankers collided on 25 March about 34km off the Fujairah coast outside UAE territorial waters resulting in no oil spills, injuries or explosions. Fujairah emirate suffered a major marine pollution incident in 1994. The two ships were the ‘Stena King' and ‘British Vigilance'. The ‘Stena King' is Swedish and run by a British shipping company and is registered in Hamilton Port, and sails under a Bermudan flag. The ‘British Vigilance' is registered in Douglas and sails under the flag of ...  >>MORE

Gas investments in the Gulf estimated at US$150 billion

Posted on 20/03/2002

An estimated US$100 to 150 billion dollars in investments would be required to develop gas projects in the Gulf region from now until the year 2010, according to a gas development outlook presented here today. The outlook which was presented at the conference for the development of gas markets in the Gulf region also painted a rosy picture of the region's gas potential, putting it at 17 per cent of the world's natural gas reserve. Speakers at the conference which was organised by Dolphin Energy ...  >>MORE

DEL to set up Al Ain-Fujairah gas pipeline

Posted on 19/03/2002

Dolphin Energy Ltd (DEL) is developing a gas pipeline from Al Ain to Fujairah, and has plans to invest in gas-related industries in the UAE and the Gulf. The Al Ain to Fujairah gas pipeline project has been approved by the government. "DEL has initiated the project. The plan is to link Maqta near Abu Dhabi to Al Ain and supply gas from Al Ain to Fujairah where the UAE Offsets Group (UOG) is developing a power and desalination plant," said Khaldoon Al Mubarak, member, executive committee, DEL. ...  >>MORE

DEL awards midstream FEED contract to Halliburton Brown & Root

Posted on 18/03/2002

Dolphin Energy Limited (DEL) has selected Halliburton Brown & Root Limited, part of the US' Halliburton Group, to carry out the midstream front-end engineering & design (FEED) work for the Dolphin Project. Halliburton beat competition from three other companies, which bid for the job in October 2001. The US$3 million contract, which is to be completed in nine months, involves the engineering, design and management support for the gas transmission pipeline, gas receiving and metering facilities ...  >>MORE

UAE sets deadline for Dolphin Energy equity bid

Posted on 14/03/2002

The five shortlisted international oil companies (IOCs) to take a 24.5 per cent equity stake in Dolphin Energy Ltd (DEL) must submit bids by April 6, after which one will be selected by mid-year. The five oil majors are BP, Conoco, ExxonMobil, Occidental Petroleum and Royal/Dutch Shell. Currently, the UAE Offsets Group (UOG) holds 75.5 per cent of DEL while France's TotalFinaElf holds 24.5 per cent. "The selection of an IOC will depend on its ability to add significant commercial and ...  >>MORE

OPEC to keep output steady, says Nasseri

Posted on 12/03/2002

Obaid bin Saif Al Nasseri, UAE Minister of Petroleum and Mineral resources, re-iterated that OPEC will maintain the same production quota in the next organisation's meeting in Vienna, pointing out that there would be no changes in production and that no decision would be taken regarding the increase of production or extending the recent Cairo agreement on reducing production. In a statement to the Emirates News Agency, WAM, Nasseri said that it is too early to talk on extending the Cairo ...  >>MORE

UAQ likely to supply gas to utility projects

Posted on 07/03/2002

Sub-sea pipelines are being laid from Umm Al Quwain port to the relatively recent offshore gas discovery at a concession, awarded by the government in December 1999 to Atlantis Holdings, sources said. Drilling of an exploratory offshore gas well, Umm Al Quwain-3, revealed recoverable reserves of up to 500 billion cubic feet of gas and 5 million barrels of condensates. It is understood that the feedstock will be processed in Umm Al Quwain, laying to rest earlier speculation that the gas might ...  >>MORE

Abu Dhabi oil output touches 2m bpd

Posted on 28/02/2002

Abu Dhabi's oil production has peaked at nearly 2 million barrels per day as it pushes ahead with multi-billion dollar plans to expand capacity. The output of nearly 1.99 million bpd in 2000 was higher by 16 per cent over 1990's 1.7 million bpd, according to the Abu Dhabi Planning Department's annual report. The bulk of the increase was at onshore fields, where production surged to 1.015 million bpd from 774,000 bpd in the same period. Offshore production rose to 975,000 bpd from 942,000 ...  >>MORE

ADNOC issues new HSEMS

Posted on 20/02/2002

The Abu Dhabi National Oil Company, ADNOC, has issued a new corporate Health, Safety and Environment Policy and guidelines for its Group Companies for the implementation of an integrated Health, Safety, and Environment Management System, HSEMS. These new documents replace earlier versions, which, more that four years after first issue in 1997, required revision to reflect ADNOC's new framework for HSE management and documentation. The ADNOC Group Companies actively participated in the review ...  >>MORE

OPEC remains committed to its agreement: Nassiri

Posted on 19/02/2002

Petroleum and Mineral Resources Minister Obeid bin Saif Al Nassiri said that the Organisation of Petroleum Exporting Countries (OPEC) would remain committed to its agreement of December last year, cutting oil output of member countries. "OPEC will continue to abide by the agreement until the end of the year, unless there are political and technical developments that necessitate conclusion of a new agreement "said Nassiri in remarks made on the sidelines of the GCC Energy Development seminar ...  >>MORE

Emarat aims to expand beyond UAE

Posted on 28/01/2002

Gasoline retail major Emirates General Petroleum Corp (Emarat) will explore expansion opportunities throughout the GCC and the Arab world, and hopes to announce a new initiative in this regard in the latter half of this year, Rashid Al Shamsi, deputy general manager, indicated yesterday. Significantly, the company has recently announced an ambitious plan to take its brand of retail gasoline stations to Egypt through an MoU with Midtap that envisages a joint venture, Emarat-Egypt, to set up ...  >>MORE

New gas project likely to commence this year

Posted on 28/01/2002

In a bold and pioneering move in Abu Dhabi's gas sector, a new project will begin this year to tie up the offshore and onshore facilities. "This is embodied in a project that will export gas from Umm Shaif Super Complex (offshore) to Habshan gas hub (onshore). The pipeline is expected to carry some 500 million standard cubic feet per day (mscfd) of gas and will commence in 2002," ADNOC said yesterday. Last May, ADNOC, through its subsidiary Gasco completed the Abu Dhabi-Jebel Ali gas ...  >>MORE

ADNOC announces output increase

Posted on 28/01/2002

The Abu Dhabi National Oil Company, ADNOC, has announced that it is planning to increase its oil and gas output in Abu Dhabi and to expand its petrochemical refinery industry. The company, has also for the first time disclosed that it has decided to increase the production capacity of its affiliate, the Abu Dhabi Company for Onshore Oil Operation, ADCO, to 400,000 barrels per day, in addition to an increase in its offshore oil production capacity. The disclosure was made in the Company's ...  >>MORE

Abu Dhabi crudes weaken

Posted on 26/01/2002

The light sour Abu Dhabi crude prices weakened in Asia yesterday in a week which saw buyers favour only medium to heavier grades. No trades could be confirmed but traders said that the market was likely to have lost even the small +8/+10 cents premiums seen earlier this week. It started March trading at about ADNOC +15 cents levels. The major was seen pressed to offer the crudes away as it was looking to lift up to three times more West African crudes for February and March into Japan than ...  >>MORE

ENOC unit to tap Fujairah bunker market

Posted on 23/01/2002

Emirates National Oil Co (ENOC) has set up 51 per cent owned subsidiary ENOC Bunkering (Fujairah) to tap the potential-rich Fujairah bunker market, Hussain Sultan, group chief executive and board member, announced yesterday. The group intends to enter the Dubai bunker market as well within six months through a new entity, ENOC Bunkering (Dubai), which was registered last year. Further, while the group's gas retail operations - through Eppco and ENOC petrol stations - have recorded ...  >>MORE

Adnoc ready to consider Ukraine deal

Posted on 17/01/2002

Abu Dhabi will consider a proposal from Ukraine to set up a joint venture oil and gas terminal in the Ukranian sea port of Odessa, visiting Minister for Foreign Affairs of Ukraine, Anatoliy Zlenko, said yesterday. Significantly, the UAE and Ukraine will shortly conclude two agreements - an investment promotion agreement and the avoidance of double taxation agreement. The Odessa to Brody (Poland) to Western Europe oil pipeline from Russia to western Europe via Odessa has just been initiated ...  >>MORE

ADNOC announces oil production cut

Posted on 03/01/2002

The Abu Dhabi National Oil Company, ADNOC, has announced that it has started, from yesterday, Tuesday, January1, 2002, a five per cent production cut from a number of its oil wells, including the Upper and Lower Zakum, and the Umm Al Shaif oil wells. A statement issued today by ADNOC said that the Company had informed its customers about the new measure, which was taken on the instructions of the UAE government, in line with the latest OPEC decision, made at the OPEC meeting last Friday, during ...  >>MORE

Oil agreement between UAE and Egypt

Posted on 30/12/2001

Obeid bin Saif Al Nasseri, Minister of Petroleum and Mineral resources, and his Egyptian counterpart Sameh Fahmi attended here today the signing of a memorandum of understanding between Emirates Petroleum (Emarat), and Middle East company for cisterns and storing, to set up a joint company to be called "Emarat-Egypt”. The memorandum was signed by Rashid Al Shamsi, Emarat deputy director general for marketing affairs and Maher Abada, board chairman of the Egyptian company. The memorandum ...  >>MORE

Total oil output cuts will shore up prices : Naseri says

Posted on 28/12/2001

The UAE said yesterday it was confident that expected oil output cuts by OPEC and non-OPEC producers of 1.5 million barrels per day and 500,000 barrels per day respectively would have a quick impact on world oil prices. OPEC agreed in November to cut 1.5 million barrels per day on condition that non-OPEC producers contributed supply cuts of 500,000 bpd. Obaid bin Saif Al Naseri, Minister of Petroleum and Mineral Resources, said the Opec agreement to reduce oil production would go into effect on ...  >>MORE

Qatar, DEL and TotalFinaElf sign major gas deal

Posted on 24/12/2001

In what was hailed as a trail-blazing accord in the Middle East, Qatar Petroleum representing the Government of Qatar and Dolphin Energy - the Abu Dhabi-based joint venture development company responsible for implementing the ambitious Dolphin gas project - last night signed the development and production sharing agreement (DPSA) for the Dh12.85 billion (US$3.5 billion) gas initiative. The DPSA was signed in Doha by Ahmed Ali Al Sayegh, chairman, DEL, Abdulla bin Hamad Al Attiyah, Qatar's ...  >>MORE

UAE's first petrochem plant starts

Posted on 15/12/2001

The UAE added a new feather to its cap when the country's first petrochemical facility came on stream late on Thursday in Ruwais near Abu Dhabi. The ethylene cracker is part of the US$1.2 billion Borouge petrochemicals complex. Its polyethylene plants will become operational very soon. The complex consists of a 600,000 tonnes per year ethylene cracker and two Borstar bimodal polyethylene plants that will have a combined annual capacity of 450,000 tonnes. One-third of the production will be ...  >>MORE

ADPPOC achievement in field of safety management

Posted on 12/12/2001

Abu Dhabi Petroleum Ports Operating Company (ADPPOC), an ADNOC Group company has made a major achievement in the field of safety management by becoming the first company and the largest tugs fleet owner in the Middle East to certify 15 tugs under the ISM Code simultaneously within a period of less than three months, according to Lloyd's Register. A report in a recent issue of "ADNOC News,” the monthly bulletin of the ADNOC Group, said that the company carried out the project in response to ...  >>MORE

ADNOC postpones ZADCO stake bid closing date

Posted on 10/12/2001

Abu Dhabi National Oil Company (ADNOC) has postponed the closing date for companies to submit their proposals for acquiring significant equity stakes in the Zakum Development Company (ZADCO) until sometime in March next year, according to a Middle East Economic Survey (Mees) report. While the reason for the deferring of the closing date has not been indicated, the report mentioned that Chevron Texaco of the US is also likely to submit its bid for a stake in ZADCO. With the entry of Chevron, ...  >>MORE

UAE a well oiled economy says report

Posted on 06/12/2001

The most significant happening in the UAE's economy before the formation of the federation was the first oil exports from Abu Dhabi in 1957, says Mohammed Alabbar, director general of the Dubai Department of Economic Development. This was the catalyst that triggered the now celebrated transformation of the economy. According to a report in the special supplement published by the Gulf News on the occasion of the UAE's 30th national day: "Abu Dhabi's lead in 1957 was followed by Dubai in 1969 ...  >>MORE

Abu Dhabi, Qatar to seal Dolphin gas deal soon

Posted on 27/11/2001

Qatar and Abu Dhabi are to sign a US$3.5 billion deal to channel Qatari gas to the UAE within a week, officials said. The development and production sharing agreement, DPSA, will allow the project sponsor, Dolphin Energy Ltd, DEL, to produce up to two billion cubic feet per day of gas from a north field block, earmarked by Qatar, and transport it by underwater pipeline to Taweelah in Abu Dhabi initially. In the second phase, the volume of gas would be increased by 50 per cent to three billion ...  >>MORE

ADNOC expects 2 per cent rise in sales

Posted on 20/11/2001

ADNOC Distribution Western Region Department has forecast an increase of two per cent sales for petrol products during the current year, according to a top official of the company. Direct sales for the region in 2000 reached 23.7 million gallons of major products (diesel and petrol), 162,000 gallons of lubes and 1,367,000 gallons of gas. According to an article published in the ADNOC Distribution Magazine, the company was established in 1973, the western region of Abu Dhabi emirate had ...  >>MORE

UAE petrochemical unit to start production next month

Posted on 19/11/2001

Commercial production at the at the UAE's first petrochemical facility at Ruwais near Abu Dhabi will star next month, an official said on Saturday. Initial production is expected to be in the range of 3,000-5,000 tonnes of ethylene and 15,000 tonnes of polyethylene, and the plan is gradually to increase production during 2002, said Joost Schrevens, CEO of Abu Dhabi Polymers Co (Borouge) a 60-40 joint venture between Abu Dhabi National Oil Company, ADNOC and Copenhagen-based Borealis. Although ...  >>MORE

UAE pumps nearly Dh8.3b into oilfield development

Posted on 18/11/2001

The UAE pumped nearly Dh8.3 billion into oilfield development last year compared with around Dh6.8 billion in 1995, according to figures provided by the Planning Ministry. The investments covered development and maintenance of onshore and offshore oilfields through water and gas injection as well as updating of some operation systems. In a report on energy investment in the UAE, the planning ministry gave no figures for previous years but oil executives estimated the UAE invested at least $15 ...  >>MORE

OPEC agreed to slash output by 1.5 million bpd

Posted on 17/11/2001

OPEC Ministers today concluded a meeting here on an agreement to slash the cartel's output by 1.5 million barrels per day, bpd, if non-OPEC producers responded with a 500,000 bpd production cut. They also agreed to hold an extra-ordinary meeting in January 2002 prior to their mid-year meeting in March. Obeid bin Saif al-Nasiri, Minister of Petroleum and Mineral Resources, led the UAE delegation to the meeting. (The Emirates News Agency, WAM) ...  >>MORE

Stern warning issued to illegal crude oil carriers

Posted on 07/11/2001

The UAE government is clamping down on the movement of substandard tankers and ships involved in transporting of crude oil illegally in its coastal waters and a recent case is the refusal to allow entry to a tanker carrying crude oil from another country. Sheikh Hamdan Bin Zayed Al Nahyan, minister of state for foreign affairs and deputy chairman of the board of the Environmental Research and Wildlife Development Agency, in a statement to a local Arabic daily, said the Emirates refused entry to ...  >>MORE

UAE urges oil producers to co-operate

Posted on 07/11/2001

The UAE has urged co-operation among all oil producers to support sagging crude prices, and the call was promptly backed by non-OPEC Oman. Obeid bin Saif Al Nasiri, UAE Minister of Petroleum and Mineral Resources, said co-operation among producers inside OPEC and outside the group was needed because they all are hurt by lower prices. "There is a need for all oil producers, whether they are OPEC members or not OPEC members, to control any surplus output especially in the current global economic ...  >>MORE

UAE's gas exports to Japan surge

Posted on 06/11/2001

The UAE's petroleum gas exports to Japan have shot up by 21.2 per cent to US$1,243.3 million in the first half of this year against the same period of last year. Overall, bilateral trade in the first six months grew by 0.26 per cent to US$8.30 billion against a 5.82 per cent decline in Japan's global trade. The UAE's exports rose slightly by 1.16 per cent. Mineral fuels constituted more than 98 per cent with UAE maintaining its position as Japan's largest supplier of crude oil, covering 26.6 ...  >>MORE

Khor Fakkan facility to handle oil waste

Posted on 30/10/2001

Addressing environmental concern over oil pollution, particularly in the eastern region of the UAE, Emirates Environmental Protection, LLC (ECO) has established an oil waste reception facility at Khor Fakkan. Billed as the biggest facility in the region for receiving oil waste, the plant is operated by Singaport Cleanseas, a Singapore government company. The service facility is intended for reception, treatment and disposal of petroleum waste, sludge/slop processing crude oil tanker ...  >>MORE

Abu Dhabi eyes zero gas flaring

Posted on 16/10/2001

Abu Dhabi will achieve zero gas flaring within five years although current levels of gas flared are some 20 per cent of the original volume, a senior oil and gas official told delegates at a conference yesterday. Since the health, safety & environment (HSE) policy was adopted, nearly 80 per cent of gas flaring has been resolved. "We are targeting to achieve zero gas flaring in five years," said Ali Rashed Al Jarwan, assistant general Manager (production), Adma-Opco. "Our oil and gas ...  >>MORE

Dolphin project set to accelerate

Posted on 16/10/2001

The US$3.5 billion Dolphin gas project is set to gain speed as Dolphin Energy Ltd (DEL) prepares to sign a production-sharing pact with Qatar and select a financial adviser, industry sources said. Final signing of a development and production sharing agreement (DPSA) for the project to channel Qatari gas to the UAE is expected by the end of October or early November, the sources said. Paperwork and operational matters have pushed back the signing from an early-October target, Qatari and DEL ...  >>MORE

ADMA to boost Zakum output

Posted on 13/10/2001

The Abu Dhabi Marine Operations Co (ADMA-OPCO) has given the green light for a major gas injection project to expand the output capacity of its main offshore Zakum oilfield. A contract for the project was signed this month by ADMA management and representatives of the contractors - the National Petroleum Construction Co and Kellog Brown and Root. "It is one of the largest offshore operations in the history of the company," the latest ADMA Bulletin said. The project involves a tie-up between the ...  >>MORE

LNG accounts for 69pc of ADGAS income

Posted on 08/10/2001

Liquefied Natural Gas LNG accounts for some 69 per cent of total revenues at Abu Dhabi Gas Liquefaction Co, ADGAS, while its byproducts account for the balance, the latest ADGAS News said. ADGAS concluded a spot additional deal with Tokyo Electric Power Co., Tepco, last month to load some 63,000 tonnes of LNG as additional shipment. ADGAS' main customer is Tepco. The base market for LNG is Japan and South Korea, while the short term spot sales are normally to the west of Suez, such as Spain and ...  >>MORE

Page: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60

RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

Gasoline alkyl plant planned in Dubai


ADNOC to build biggest service station


ADNOC-Shell charts plans for sour gas


Abu Dhabi crude market soft


Oil tankers collide off Fujairah


Gas investments in the Gulf estimated at US$150 billion


DEL to set up Al Ain-Fujairah gas pipeline


DEL awards midstream FEED contract to Halliburton Brown & Root


UAE sets deadline for Dolphin Energy equity bid


OPEC to keep output steady, says Nasseri


UAQ likely to supply gas to utility projects


Abu Dhabi oil output touches 2m bpd


ADNOC issues new HSEMS


OPEC remains committed to its agreement: Nassiri


Emarat aims to expand beyond UAE


New gas project likely to commence this year


ADNOC announces output increase


Abu Dhabi crudes weaken


ENOC unit to tap Fujairah bunker market


Adnoc ready to consider Ukraine deal


ADNOC announces oil production cut


Oil agreement between UAE and Egypt


Total oil output cuts will shore up prices : Naseri says


Qatar, DEL and TotalFinaElf sign major gas deal


UAE's first petrochem plant starts


ADPPOC achievement in field of safety management


ADNOC postpones ZADCO stake bid closing date


UAE a well oiled economy says report


Abu Dhabi, Qatar to seal Dolphin gas deal soon


ADNOC expects 2 per cent rise in sales


UAE petrochemical unit to start production next month


UAE pumps nearly Dh8.3b into oilfield development


OPEC agreed to slash output by 1.5 million bpd


Stern warning issued to illegal crude oil carriers


UAE urges oil producers to co-operate


UAE's gas exports to Japan surge


Khor Fakkan facility to handle oil waste


Abu Dhabi eyes zero gas flaring


Dolphin project set to accelerate


ADMA to boost Zakum output


LNG accounts for 69pc of ADGAS income