Gas projects will allow oil exports to increase exports and maintain production levels while adhering to an extension of OPEC cuts
crude oil
Construction
Active GCC oil and gas projects worth $331m
More than 360 energy projects in pipeline despite region’s push for economic diversification
Bahrain
Bahrain blames terrorists for oil pipeline blaze
Interior ministry calls fire an ‘act of sabotage, a serious terrorist act aimed at harming the interests of the nation’
crude oil
Saudi Aramco signs oil, gas deals worth $4.5bn
Agreements inked with companies from the UAE, Spain, Italy and China
ADNOC
ADNOC unit issues $3bn bond to support growth plans
Abu Dhabi Crude Oil Pipeline says issuance is one of the largest non-sovereign bond offerings in Middle East
crude oil
ENOC eyes new $1.1bn Dubai refinery ops by end-2019
Expanded refinery in Jebel Ali will raise production capacity from 140,000 bpd to 210,000 bpd
ADNOC
UAE to reduce oil production in November: Minister of Energy
ADNOC will reduce its share of production by 139,000 barrels per day
crude oil
Brent jumps to two-year high
Outlook for the global oil market is improving and OPEC members said they will keep pressing onward until it balances
crude oil
Kuwait says dealing with oil spill in Ras Al Zour
Environment Public Authority says working to control and clean up second oil spill in a month
ADNOC
UAE pledges to cut oil output by 10%
Decision by ADNOC is attempt to meet the country’s latest OPEC commitments