FANR UAE signed MoU with China’s Nuclear Safety Administration (NNSA)

 The UAE’s Federal Authority for Nuclear Regulation (FANR) signed today a Memorandum of Understanding (MOU) with China’s Nuclear Safety Administration (NNSA) on the cooperation and exchange of information in nuclear safety regulation. The MoU was signed on the margins of the 6th Review Meeting of the contracting parties to the joint

Schlumberger gets approval to buy into Russia’s biggest driller

MOSCOW (Bloomberg) — Schlumberger Ltd. won preliminary approval to finally complete a three-year-old plan to buy into Russia’s biggest oil driller. Russia’s special commission on foreign investment approved Schlumberger to buy a blocking stake of 25% to 49% in Eurasia Drilling Co. Ltd., subject to certain conditions, Federal Anti-Monopoly Service head

Adnoc awards CNPC twin offshore concessions worth Dh4.3bn

China National Petroleum Corporation has picked up two stakes worth Dh4.3bn($1.17bn) in offshore fields in Abu Dhabi, making China one of the largest foreign energy partners in the UAE, Abu Dhabi National Oil Company said. PetroChina, which is majority-owned by state-backed CNPC, was awarded a 10 per cent interest both

New Adnoc blocks contain huge oil, gas reserves

The six new major licensing blocks announced by Abu Dhabi National Oil Company (Adnoc) on Tuesday contain “multi-billions of barrels of oils and multi-trillions of cubic feet of gas” according to Abdul Munim Saif Al Kindy, director of Adnoc’s Upstream Directorate. While declining to be more specific, he did say