2020, January, 22, 12:20:00ADNOC, ENI CARBON COOPERATION
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 utilization and storage (CCUS), where ADNOC is an industry leader, and additional strategic opportunities in research and development (R&D) across the oil and gas value chain.
2020, January, 20, 12:10:00STRESSED IRAQ'S OIL
Iraqi oil production averaged more than 4.8 million barrels per day (bpd) in 2019, of which about 1.8 million bpd stemmed from the country’s domestic and state-owned players
2020, January, 20, 12:05:00OPEC'S OIL PRODUCTION DOWN 2 MBD
Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.
2020, January, 17, 11:35:00IRAQ'S OIL PROBLEM
Iraq's oil production is steady at 4.46 million b/d in line with its OPEC+ quota and exports are averaging 3.45 million b/d, an oil ministry spokesperson said last week.
2020, January, 17, 11:25:00IRAN'S RECESSION
Iran's economy shrank by 4.6% in the 2018-2019 fiscal year and the contraction is expected to deepen to 7.2% in the current fiscal year, the IIF, a finance industry body, said this week.
2020, January, 17, 11:20:00JAPAN'S OIL STOCKS UP 28%
The crude stocks held by Saudi Arabia and Abu Dhabi were 1.41 million kiloliters, or 8.87 million barrels, at the end of November, equating to four days of Japanese oil consumption, up from 1.1 million kiloliters a month earlier, according to data released Wednesday by the Ministry of Economy, Trade and Industry.
2020, January, 17, 11:10:00LEVIATHAN'S GAS BEGINING
In its first development phase, Leviathan has a production capacity of 1.2 Bcf/d (34 million cu m/d).
2020, January, 17, 10:40:00TURKEY WILL USE HYDROGEN
Hydrogen will be part of Turkey's short and long-term goals to ensure the security of energy supply, Dönmez said.
2020, January, 15, 12:15:00IRAN'S NUCLEAR DEAL DISPUTE
The foreign ministers of France, Germany and the UK have triggered a dispute resolution mechanism over the nuclear deal with Iran - the Joint Comprehensive Plan of Action (JCPOA) - following the Middle Eastern country's further step away from its commitments. Josep Borrell, EU foreign affairs chief and coordinator of the JCPOA joint commission, said he had received today a letter from the three ministers for resolution through the mechanism, as set out in paragraph 36 of the agreement.
2020, January, 15, 12:10:00TO RESPECT IRAN'S NUCLEAR DEAL
German chancellor Angela Merkel on Saturday repeated a call for all parties to respect the Iranian nuclear accord, despite Iran’s decision to intensify its enrichment of uranium and moves by the United States to impose economic sanctions.
2020, January, 13, 15:50:00OIL MARKET WILL STABLE
Saudi Arabia, the world's biggest oil exporter, is in the midst of an OPEC+ agreement to cut 1.7 million b/d of crude from the market in Jan through to March.
2020, January, 13, 15:45:00THE NEW U.S. IRAN SANCTIONS
I, DONALD J. TRUMP, President of the United States of America, find that Iran continues to be the world's leading sponsor of terrorism and that Iran has threatened United States military assets and civilians through the use of military force and support to Iranian-backed militia groups.
2020, January, 13, 15:35:00ADNOC PRODUCTION 4 MBD
"At ADNOC we are well on track to increase crude oil production capacity to 4mbpd by the end of this year, and we made significant new discoveries last year that moved the UAE from the seventh to the sixth-largest in oil and gas reserves in the world," Al Jaber said.
2020, January, 13, 15:25:00UAE, INDONESIA INVESTMENT $23 BLN
In the petrochemical and gas sectors, Abu Dhabi National Oil Company (ADNOC) signed deals with Indonesian companies PT Pertamina [PERTM.UL] and PT Chandra Asri Petrochemicals (TPIA.JK), UAE state news agency WAM reported.
2020, January, 13, 15:15:00ADNOC SUSTAINABILITY GOALS 2030
The Abu Dhabi National Oil Company, ADNOC, announced a set of comprehensive sustainability goals, extending its legacy of responsible oil and gas production and reinforcing its longstanding commitment to environmental stewardship.