Stay updated with breaking news from Umm Shaif. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Boosting its crude oil production capacity to 5 million bpd has become a key goal for the UAE, and a slew of deals in recent months confirms that the Gulf producer is looking to achieve this goal ahead of time
The deals, which are for wireline logging and perforation services, are said to be the largest of such awards in the oil and gas industry.
Eni is recording positive results from its first exploration well, XF-002, currently drilling in offshore Block 2 Abu Dhabi (UAE). Interim results indicate a range of 1.5-2 trillion cubic feet (TCF) of raw gas in place in multiple good quality reservoirs in the Jurassic exploration targets.
Adnoc maintained in 2022 its position as the UAE’s most valuable brand for the fourth consecutive year, according to a new report from Brand Finance, the world’s leading independent brand valuation consultancy. Adnoc’s $12.76 billion
The UAE took another step towards its goal of boosting its oil production to over 5 million barrels per day with its awarding of a huge EPC contract