(Photo: ADNOC)
The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it would invest 5.1 billion dirhams ($1.4 billion) to upgrade and expand its onshore Bu Hasa field.
The upgrade will increase crude oil production capacity to 650,000 barrels per day, from 550,000 bpd, by the end of 2020, ADNOC said in a statement.
(Reporting by Asma Alsharif Writing by Maha El Dahan; Editing by Susan Fenton)
On Friday, European prompt power prices were untraded for Monday on the expectation of an increase in wind power supplies throughout the region.
Malaysian palm oils futures continued to lose money on Friday as they tracked the weakness of rival vegetable oil at Chicago…
They said that on Friday, Sweden and Norway had asked their respective energy regulators for options to end a joint certificate…
On Thursday, the Canadian province Newfoundland and Labrador signed a Memorandum of Understanding with its neighboring Quebec…
Shell said on Thursday its unit has made a final investment decision to add two wells at the Perdido platform in the U.S.
Cenovus Energy, a Canadian energy company, forecasted higher oil and natural gas production in 2025. It expects to benefit…
Indonesia, which is heavily dependent on coal for electricity, needs to move away from fossil fuels. It aims to generate…
India's Steel Ministry announced on Thursday a formula to define 'green steel', classifying it into three categories based…
Anwar Ibrahim, the Prime Minister of Malaysia, said that Petroliam Nasional Berhad and Petroleum Sarawak Berhad are working…
Two of Exxon Mobil's top executives stated on Wednesday that they wanted to "participate in" Hess Corp. selling its Guyana…
Filings with the U.S. Securities And Exchange Commission show that some of the largest investors in ReNew Energy Global are…
Orsted, a Danish company, announced on Wednesday that it had agreed to sell to Taiwanese Cathay Life Insurance a 50% share…
World Energy News is the global authority on the international energy industry, delivered to your Email two times per week.
Subscribe to World Energy News Alerts.