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Tag Archives: ADNOC

Adnoc, OMV ink downstream projects cooperation deal

OMV, an international oil and gas company based in Vienna, Austria, said it has reached an agreement with Abu Dhabi National Oil Company (Adnoc) to explore opportunities for co-operation, among others in downstream projects. The agreement explores potential opportunities to work together to support Adnoc’s downstream businesses and the company’s smart growth strategy, said a statement from the company. It ...

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Asian oil refinery margins jump on outages in Mideast, Asia

Several refineries in the Middle East and Asia have shut down in the past week due to fires and other technical problems, leading to a jump in profit margins for facilities still operating. The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) ...

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UAE’s ADNOC plans oil field maintenances in March-April to cut output, meet OPEC target

Abu Dhabi National Oil Company (ADNOC) has scheduled maintenance at oil fields in March and April that will cut output to meet its OPEC output reduction target. Field maintenance is expected to reduce Murban crude exports in March and shipments for Das crude in April, three people familiar with the matter said on Thursday. The sources spoke on condition of ...

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BP awarded 10% interest in Abu Dhabi’s ADCO onshore concession

BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession, which has a life of 40 years. In addition to the interest in the ADCO concession, BP becomes a 10% shareholder in ADCO, the ...

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