Page 39 - Murban News Today

ADNOC cuts April term crude supply nominations by 5%: sources Abu Dhabi National Oil Co has informed its term customers of supply cuts across all of its crude oil grades for April-loading cargoes by 5%, trade sources told S&P Global Platts on March 2. Last month, ADNOC had informed its customers that lift contracted monthly volumes — known as term lifters — that it would cut the quantity available for export in March by 15% for Upper Zakum and Murban, by 10% for Umm Lulu and by 20% for Das ...

The chance of OPEC and its allies agreeing to increase crude output by 1.5 million b/d for April will hinge on a successful rollout of the COVID-19 vaccines and its impact on demand as the group seeks to lower inventories, the UAE’s energy minister said. “Whether the market can absorb an additional 1.5 million b/d ...

Murban is the emirates flagship crude grade, which flows at approximately 1.7 million barrels per day

Adnoc awards Japan’s Cosmo offshore exploration block ABU DHABI, February 11, 2021 The Abu Dhabi National Oil Company (Adnoc) has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings. The award has been approved by Abu Dhabi’s newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the ...

ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round édité le 11/02/2021 - Plus de news de "ADNOC" - Voir la fiche entreprise de "ADNOC" The Abu Dhabi National Oil Company (ADNOC) announced, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Ab...

"Cosmo was selected after a very competitive bid round. They bring expertise and understanding of our offshore environment, technology, and market access," said Dr Sultan Al Jaber, group chief executive at Adnoc and minister of industry and advanced technology. The agreement with Cosmo, a longstanding player in Abu Dhabis oil and gas industry, is built on the strategic bilateral relationship between the UAE and its biggest importer of energy products. Japan first imported oil from the UAE in th...

Japans Cosmo Wins UAE Drilling Rights Feb 10, 2021 12:50:pm Summary Cosmo is the latest foreign investor to secure a concession in the UAEs latest bidding round, which kicked off in May 2019. by: Joe Murphy Posted in: Japans Cosmo Wins UAE Drilling Rights Japanese oil firm Cosmo has won an exploration concession for the Offshore Block 4 off the UAE, Abu Dhabis national oil company Adnoc reported on February 10. Cosmo will have a 100% share of the project during the e...

UAE: ADNOC awards offshore exploration block to Cosmo in Abu Dhabi’s second competitive block bid round 10 Feb 2021 Cosmo awarded exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase Agreement further strengthens ADNOC’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship The Abu Dhabi National Oil Company (ADNOC) has signed an exploration concession agreement, awarding the ex...

Traders Magazine 0 Shares Jeffrey Sprecher, chairman and chief executive of ICE, said US equity market structure is flawed and hopes it will be reviewed by the Securities and Exchange Commission under the new administration. Sprecher said an earnings call last week that when ICE acquired the New York Stock Exchange they had been vocal about the need to change US equity market structure.  Jeff Sprecher, ICE “We tried to negotiate a grand bargain but we were unsuccessful,” he added. Late ...

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