OMV and ADNOC agreed a year ago to evaluate joint opportunities
Bahrain is working on a new 350,000 barrels per day oil pipeline
The Saudi-led coalition said the Houthis attacked the tanker off Yemen’s main port city of Hodeidah on Tuesday
Relations between Russia and Saudi Arabia have warmed in recent months
The licensing round offers seven areas
The oil giant agreed to buy a $7b stake in Petronas’s RAPID project in February last year
The comments come after news that Saudi Arabia and Russia were working on a long-term pact that could extend controls over world crude supplies by major exporters
The $200bn project is expected to have capacity to produce up to 200 GW by 2030
The first of four reactors being built by Korea Electric Power Corporation is part of the $24.4bn Barakah power plant project
The UAE will be the first new country to acquire nuclear power in more than two decades
The dividend would total about $95m, equivalent to 5 per cent of capital
The new Energy Department will be responsible for strategic plans for the entire energy sector in Abu Dhabi
This year’s saving represents a 32 per cent increase compared to 2017
The cuts, agreed in January last year, have helped lift oil prices to current levels of around $65 per barrel
The $24.4bn Barakah power plant is the world’s largest nuclear project under construction
PetroChina joins investors including France’s Total and Italy’s Eni
Mubadala and its partner have agreed to invest in excess of $1bn in the block
Aramco’s investment will come in by the end of the month, a government official said
The 700MW project forms the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park
Italy’s Eni was also awarded stakes in the two concessions last week
OPEC now projects the expansion in supply outside the group will exceed gains in demand
Saudi energy minister Khalid al Falih says OPEC and its partners should look at metrics such as non-OECD inventories
The deal will make Tabreed the 100 per cent owner of the Reem Island-based S&T
The decision appeared to set up a conflict between courts in the UAE and Britain
WEC is offering to purchase the plant’s output under a 25-year concession agreement
The Zohr field has a potential 30 trillion cubic feet of gas in place
ADNOC said it was the first time an Italian energy company had been given concession rights in Abu Dhabi’s oil and gas sector
The Saudi government had targeted a market listing by the second half of 2018
The greenfield Salalah 2 Independent Power Plant has an aggregate capacity of 445MW
The company will use the funds to expand its footprint in Kenya