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Opec, allies weigh output cut to stave off new surplus

ABU DHABI / AGENCIES Many Organization of the Petroleum Exporting Countries (Opec) and allied oil producers see a need to cut output to stave off a new surplus, a key member of the coalition said, as delegates gathered in Abu Dhabi on Sunday. Twenty-six of the world’s leading oil and gas sector leaders gathered in the UAE capital, for a ...

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Adnoc awards Total 40% stake in gas concession

ABU DHABI / WAM On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (Adnoc) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventional Gas Concession. Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas resources. Adnoc ...

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Fifth Abu Dhabi Strategic Debate kicks off

ABU DHABI / WAM The fifth Abu Dhabi Strategic Debate (ADSD) kicked off in the capital on Sunday with keynote speeches by Dr Ebtesam Al Ketbi, President of Emirates Policy Centre (EPC) and Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs. In the opening address, Dr Al Ketbi said ADSD is taking a leap to a new ...

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