The UAE is inviting co-operation in its unconventional oil and gas resources from US companies, the country's minister for industry and advanced technology said on Tuesday.
"There are great opportunities for collaboration across the energy sector and I'm sure across a variety of many other sectors," Dr Sultan Al Jaber, who is also group chief executive of Abu Dhabi National Oil Company, told the opening session of the Atlantic Council Global Energy Forum 2021 on Tuesday evening.
"In the near term, there is room for deepening this energy cooperation around unconventional oil and gas, which we are currently progressing and discovering here in Abu Dhabi," Dr Al Jaber told the forum, which is being held online due to the Covid-19 pandemic. "It's very, very promising and will provide a very special, unique opportunity for American companies to explore such partnership opportunities with us."
Adnoc, which owns most of the oil and gas concessions in the UAE, has upstream partnership agreements with a number of US companies, including Exxon Mobil, Occidental Petroleum and Baker Hughes.
The UAE, which accounts for 4.2 per cent of global output for crude, has been looking to exploit its unconventional resources of oil and gas, and has relied on experienced operators from the US shale basins to help extract conventional hydrocarbons.
Last month, Abu Dhabi National Oil Company awarded Occidental Petroleum onshore exploration rights in a Dh514 million ($140m) contract. The 35-year concession for onshore Block 5 was the first Adnoc awarded following the successful completion of its second bid round.
In November, the UAE's Supreme Petroleum Council also announced substantial recoverable unconventional oil resources onshore, estimated at 22 billion barrels. It also revealed a 2 billion barrel increase in conventional oil reserves, which maintains the UAE's position as the world's sixth-largest holder of oil reserves. The country accounts for 5.6 per cent of the world's proven oil reserves.
Adnoc also signed an agreement with Exxon Mobil's local subsidiary last year, to explore research and development opportunities across the upstream sector.
Energy services firm Baker Hughes moved the headquarters for its surface pressure control projects arm to Abu Dhabi from Houston, Texas, in November.
The move followed the company's decision to open a wellheads facility in Abu Dhabi in 2019.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Company Profile
Company name: NutriCal
Started: 2019
Founder: Soniya Ashar
Based: Dubai
Industry: Food Technology
Initial investment: Self-funded undisclosed amount
Future plan: Looking to raise fresh capital and expand in Saudi Arabia
Total Clients: Over 50
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'Brazen'
Director: Monika Mitchell
Starring: Alyssa Milano, Sam Page, Colleen Wheeler
Rating: 3/5
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Zayed Sustainability Prize
Mohammed bin Zayed Majlis
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Fifa Club World Cup quarter-final
Kashima Antlers 3 (Nagaki 49’, Serginho 69’, Abe 84’)
Guadalajara 2 (Zaldivar 03’, Pulido 90')
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
So what is Spicy Chickenjoy?
Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
Western Region Asia Cup T20 Qualifier
Sun Feb 23 – Thu Feb 27, Al Amerat, Oman
The two finalists advance to the Asia qualifier in Malaysia in August
Group A
Bahrain, Maldives, Oman, Qatar
Group B
UAE, Iran, Kuwait, Saudi Arabia
UAE currency: the story behind the money in your pockets
WandaVision
Starring: Elizabeth Olsen, Paul Bettany
Directed by: Matt Shakman
Rating: Four stars
EPL's youngest
- Ethan Nwaneri (Arsenal)
15 years, 181 days old
- Max Dowman (Arsenal)
15 years, 235 days old
- Jeremy Monga (Leicester)
15 years, 271 days old
- Harvey Elliott (Fulham)
16 years, 30 days old
- Matthew Briggs (Fulham)
16 years, 68 days old
The figures behind the event
1) More than 300 in-house cleaning crew
2) 165 staff assigned to sanitise public areas throughout the show
3) 1,000 social distancing stickers
4) 809 hand sanitiser dispensers placed throughout the venue
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French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
