Abu Dhabi’s Sovereign Wealth Fund joins Adnoc in Wataniya bid
Abu Dhabi’s sovereign wealth fund ADQ is joining forces with Abu Dhabi National Oil Company (Adnoc) in its takeover bid for military owned Wataniya Petroleum, with the aim of making a stronger offer for the company, the local press reports, citing unnamed sources. Adnoc was reportedly in the process of appointing advisors last month, and […]
Fugro opens new Remote Operations Center in Abu Dhabi
The center is delivering remote and autonomous solutions to clients in the Middle East and India region. Fugro has opened a new remote operations center (ROC) in Abu Dhabi. The company now has eight ROCs operating across all four regions. By combining the ROC’s capabilities with its new uncrewed surface vessel operations, Fugro’s teams can […]
El Molla talks investment in Egypt with Heads of UAE Oil Companies at WEC
Oil Minister Tarek El Molla met yesterday with Emirati Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber to talk investing in Egypt’s oil and gas sector, according to a Ministry statement. El Molla also discussed the ongoing cooperation in airplane refueling in Egyptian airports with Emirates National […]
BP to spend $2.8bn in Abu Dhabi, Egypt to boost Middle East presence
Oil major BP aims to spend $1.8 billion in Egypt next year and $1bn annually in Abu Dhabi as it looks to expand its operations in the Middle East on the back of new discoveries and licensing rounds, according to its chief executive. BP, one of the world’s largest oil companies and the earliest explorer […]
