Adnoc is buying a stake in a natural gas field in Azerbaijan, marking the UAE oil giant's first major international purchase of upstream hydrocarbon assets
The biggest oil producer in theis buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets.
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Abu Dhabi’s ADNOC to acquire 30% stake in Absheron gas fieldAbu Dhabi National Oil Company (ADNOC) said on Friday it would acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea off the coast of Baku, Azerbaijan.
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New UAE nuclear reactor pushes nuke power to 25% world needsThanks, in part, to the activation of the UAE Barakah nuclear plant's Unit 3, around 25 percent of global energy demand is now supplied by nuclear power.
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First joint China-UAE military drill to take place in AugustUnder 'Falcon Shield 2023,' UAE and China will conduct their first joint military training between the nations' air forces.
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Oil prices rise after industry data shows big drop in U.S. crude inventoriesOil futures traded higher Tuesday, getting a lift after industry data showed a large drop in U.S. crude inventories.
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Oil Prices Perk Up as Recession Worries Ebb and Supply TightensOil prices have surged to the highest levels in three months, as the economic outlook improves and supply cuts start to bite
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More Russian Oil Trades Above G-7 Price Cap Despite SanctionsSeveral of Russia’s refined oil products are trading above the price cap imposed by Group of Seven nations, in another sign that the value of its barrels is rising in defiance of sanctions.
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