Abu Dhabi National Oil Co (ADNOC) has not received a request from Royal Dutch Shell to cancel any crude shipments to its Singapore refinery, following a fire at Shell’s biggest refinery last week, Reuters has reported, citing an Adnoc source. “We have called them and they told us no impact with regards to cancellation of [...]
The sharp decline in official selling prices (OSPs) for Abu Dhabi crude grades indicate a weaker trading month for September cargoes in the Middle East market, Reuters has reported. Abu Dhabi National Oil Co (Adnoc) cut the OSP for flagship grade Murban by 84 cents relative to benchmark Dubai crude for June.
Abu Dhabi’s Dolphin Energy, 51% owned by Mubadala, has delayed plans for an immediate bond issue due to market conditions, Reuters has reported. The company, in which France’s Total and Occidental Petroleum Corp own stakes, completed investor meetings for a 144a benchmark dollar bond last week, and was expected to indicate guidance shortly thereafter. The [...]
The Abu Dhabi Gas Liquefaction Co (Adgaz) has denied local media reports it has claimed financial compensation from Hyundai Heavy Industries for the delay in civil and marine works for the integrated gas development project, Wam has reported. Adgaz said the delay in some stages of the project had not reached the point of claim [...]
Abu Dhabi Police and Civil Defence has said a fire that broke out at the Umm Al Nar Refinery on Sunday morning has not resulted in any casualties, Gulf News has reported. “A fire started in boiler number eight at 10.45am and reached the fuel tanks, which made the situation critical,” Lt Col Sultan Al [...]