Dubai-based Dragon Oil, a unit of Emirates National Oil Company (ENOC), has acquired BP’s stake in The Gulf of Suez Oil Company (GUPCO Egypt) after obtaining the approval from the Egyptian Ministry of Petroleum and Mineral Resources

Gazprom Neft and the Abu Dhabi National Oil Company (ADNOC) have entered into a framework agreement on strategic cooperation

Saudi Aramco is on course to regain maximum sustained capacity of 12 mn bpd by November, thanks to the accelerated completion of restoration work following the September drone attacks on two of its major facilities, said Amin H Nasser, the company’s president and CEO at the Oil & Money conference in London

Expanding the East-West Pipeline’s crude oil capacity to 6.5 mmbbl per day will provide Saudi Arabia with an infrastructural improvement, but it will not help the country to completely stave off risks associated with the Strait of Hormuz’s closure or limited accessibility, according to data and analytics firm GlobalData

ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has completed its first offshore integrated drilling services (IDS) well in Abu Dhabi’s Umm Lulu offshore oilfield