Labworx

The UAE’s plans to expand its oil production capacity from four million barrels per day (bpd) today to five million bpd by 2030 are continuing apace. Last month, the state-owned oil company ADNOC announced that it had awarded multiple contracts worth a cumulative $653 million to a variety of different companies operating in the industry.

Those deals will allow the UAE to drill thousands of n...

The UAE is making steady progress towards its twin goals of expanding its oil production capacities and enhancing its environmental credentials on the international stage. Although the objectives might seem to be at loggerheads with one another, the UAE is confident that it can attain its long-term target of a net-zero economy by 2050, even as it relies on fossil fuels for a significant part of...

The UAE is a chief trading hub for oils and lubricants in the Middle East, according to an experienced industry insider. Although the UAE’s capacity for lubricant production is dwarfed by some other nations around the globe and it consumes a far smaller volume of the product than its counterparts, it is still a major player in trading, storage and distribution.

This is largely due to the cou...

p>The Abu Dhabi Crude Oil Pipeline – alternatively known as the Habshan-Fujairah pipeline or simply as ADCOP – is an oil pipeline located in the UAE. Built between 2008 and 2011, the pipeline became operational in June 2012 and pumps raw product from the Habshan oil fields located in the emirate of Abu Dhabi to the refinery and port terminal located at Fujairah.

Capable of processing around ...

According to recent figures, the UAE is the seventh biggest producer of petroleum and other crude oil liquids in the world. Capable of producing around four million barrels of oil per day, the UAE is somewhat unique on the list of major oil producing nations in that it has a relatively small population of 9.2 million.

This means that it is the third highest per-capita producer of oil in the ...

The UAE is planning to launch an offshore bid round next in the emirate of Sharjah, even as onshore drilling continues in the same authority. The Sharjah National Oil Company (SNOC), working in partnership with Italian energy major Eni, made the first major discovery of reserves in 2020 and began drilling operations a year later – but now, SNOC wishes to expand upon that promising development.

The multinational Indian conglomerate Reliance Industries has announced it will invest $2 billion into the construction of a petrochemical plant in the UAE. The partnership has been some years in the making and will see Reliance work alongside the Abu Dhabi National Oil Company (ADNOC) to develop the latter’s downstream sector capabilities.

In particular, this is expected to focus on the pro...

The UAE has announced that it has reached an agreement with Japan for the export of its first batch of blue ammonia to the far eastern country. The deal has been struck between the state-owned Abu Dhabi National Oil Company (ADNOC), its Dutch partner OCI NV and Japanese firm Itochu Corporation.

Although the deal is expected to be the first of many, no facts, figures or exact timelines were r...

Saudi Aramco appear to be following the example of the Abu Dhabi National Oil Company (ADNOC) in selling off stakes in their energy assets, according to sources within the sector. They companies are expecting to raise tens of billions of dollars as they attempt to diversify their economic portfolios in a world where fossil fuels are increasingly maligned for their environmental impact.

The m...

The world-famous home furnishing company IKEA, which is headquartered in Sweden, has made headlines in the UAE by switching to biofuels in its delivery vehicles. The move is expected to reduce carbon emissions by up to 90% and serve as part of the company’s overall strategy to achieve emission-free deliveries within four years.

As a readily available alternative to diesel which requires no s...