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OMAN GAS EXPLORATION AWAITS A NEW START LED BY SHELL.
Shell Oman is accelerating its gas exploration efforts in Oman to enhance productivity and increase its market share in the Gulf country. The company aims to capitalize on the recent boom in Oman's gas sector, which has become a focus for investment following the disappointing stabilization of crude production from new oil fields.
- 2 years, 5 months
ANGOLAN OIL MARKET: 5 TEMPTATIONS THAT PUT IT IN THE PRIORITIES OF INVESTORS.
The Angolan oil market features developed infrastructure and a stable political environment. Angola aims to boost its oil production to over 1.18 million barrels per day, with current production at approximately 1.1 million barrels per day.
- 2 years, 5 months
ADNOC STATIONS: REFUELING SERVICES IN 3 ARAB COUNTRIES.
ADNOC UAE stations are a preferred choice for motorists in three Arab countries, renowned for offering outstanding and innovative customer solutions. As part of its ambitious new five-year strategy, ADNOC Distribution aims to increase the number of its stations in the UAE, Saudi Arabia, and Egypt by 20% over the next five years, according to the Specialized Energy Platform.
- 2 years, 5 months
ALGERIA'S LARGEST GAS FIELD REBOUNDS WITH NEW DEAL.
Algeria's largest gas field, Hassi Ramel, is experiencing significant efforts to maintain its production rates and avoid future declines, as it is one of the world's largest fields, according to the Washington-based Specialized Energy Platform.
- 2 years, 5 months
UAE RAISES $935 MILLION FROM NEW ADNOC DRILLING OFFERING.
Abu Dhabi National Oil Company (ADNOC) successfully raised AED 3.423 billion ($935 million) through the sale of 880 million shares in ADNOC Drilling. The announcement, made on Thursday, May 23, 2024, confirmed the completion of the offering, which represents 5.5% of ADNOC Drilling's total capital shares targeted at institutional investors.
- 2 years, 5 months
AFRICA'S LARGEST OIL REFINERY LOOKING FOR MASSIVE U.S. DEAL.
Africa's largest oil refinery, Dangote, is seeking a new year-long contract to supply it with U.S. West Texas Intermediate (WTI) Midland crude. Despite Nigeria's abundant domestic supplies and declining Bonny Light crude prices, the move is driven by the competitiveness of U.S. crude prices and the refinery's need to diversify its sources.
- 2 years, 5 months
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