Iran Strikes Fujairah Petroleum Site Days After UAE Announces OPEC Exit Iran struck a petroleum site in Fujairah on May 5, 2026, days after the United Arab Emirates announced plans …
petroleum
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Business
ADNOC Drilling completes acquisition of 80% stake in MB Petroleum Services
by James Bryantby James BryantADNOC Drilling acquires 80% stake in MBPS, strengthening GCC oilfield services presence ADNOC Drilling completed its acquisition of an 80% stake in MBPS on May 4, 2026, expanding its regional …
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Business
ADNOC Drilling completes 80% acquisition of MP Petroleum Services to expand Gulf operations
by James Bryantby James BryantADNOC Drilling completes acquisition of 80% stake in MB Petroleum Services ADNOC Drilling finalised the acquisition of an 80% stake in MB Petroleum Services, expanding its regional drilling platform and …
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Business
ENOC signs MoU with Emirates Petroleum to secure aviation fuel supply
by James Bryantby James BryantENOC and Emirates Petroleum sign MOU to bolster aviation fuel supply continuity ENOC Group and Emirates Petroleum sign MOU to create a business continuity plan securing aviation fuel supply continuity …
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Business
The Abu Dhabi Petroleum Supplies Trading Committee issues the first trading permit in the emirate
The Abu Dhabi Petroleum Supplies Trading Committee, which is chaired by the Department of Energy in Abu Dhabi, issued the first permit for the trading of petroleum products in the …
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Al-Sir Marine Company for Marine Equipment and Supplies, a subsidiary of the International Holding Company, received the tankers “Betelgeuse” and “Bellatrix”, which are the first two tankers received by the …