ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced, on Saturday, the signing of an agreement, awarding an onshore block — known as Onshore Block 3 — to US based international oil and gas exploration and production company Occidental Petroleum. The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC). Onshore Block 3 covers an ...

Bloomberg Venezuela’s oil production will likely fall 18 percent to around 900,000 barrels per day due to pressure from US sanctions and lack of materials for workers, compared to a current output estimate of 1.1 million barrels per day, according to Ann-Louise Hittle, an oil analyst at Wood Mackenzie.

DUBAI / Emirates Business In the disruptive age of Uber, Amazon and Airbnb, today’s consumers are accustomed to easy-access, high-quality services tailored to meet their needs. It is this experience with private sector technologies that is shaping their expectation for government service delivery. In turn, the transforming government and citizen relationship has necessitated a radical rethink of government services. The ...