Abu Dhabi

Intercontinental Exchange Partners With ADNOC and Some of the World's Largest Energy Traders in the 2020 Launch of ICE Futures Abu Dhabi, a New Futures Exchange

Retrieved on: 
Monday, November 11, 2019
Financial markets, Geography of Asia, Commodity markets, Futures exchanges, Economy of London, Intercontinental Exchange, United Arab Emirates, Vitol, Abu Dhabi, Futures contract

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange partners with ADNOC and some of the world’s largest energy traders in the 2020 launch of ICE Futures Abu Dhabi, a new futures exchange

Retrieved on: 
Monday, November 11, 2019
Energy, Professional services, Oil, Gas, Finance, Financial markets, Geography of Asia, Commodity markets, Futures exchanges, Economy of London, Intercontinental Exchange, United Arab Emirates, Vitol, Abu Dhabi, Futures contract, Intercontinental Exchange, ADNOC

The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.

Key Points: 
  • The nine companies supporting the launch of ICE Futures Abu Dhabi are BP, GS Caltex, INPEX, JXTG, PetroChina, PTT, Shell, TOTSA (Total) and Vitol.
  • The news follows the announcement from ICE earlier today regarding the planned launch of ICE Futures Abu Dhabi and ICE Murban futures in the first half of 2020, subject to relevant regulatory approvals.
  • Having a new, independent exchange in Abu Dhabi will not only benefit the UAE, but also physical and financial oil traders around the world.
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange to Launch New Exchange in Abu Dhabi Global Market (ADGM) to Host World's First Murban Crude Futures Contracts

Retrieved on: 
Monday, November 11, 2019
Financial markets, Commodity markets, Economy of London, Abu Dhabi National Oil Company, Futures exchanges, Abu Dhabi, Futures contract, Companies, Intercontinental Exchange

On November 4, 2019, Abu Dhabi's Supreme Petroleum Council (SPC) announced that it would implement a new pricing mechanism for ADNOC's Murban crude.

Key Points: 
  • On November 4, 2019, Abu Dhabi's Supreme Petroleum Council (SPC) announced that it would implement a new pricing mechanism for ADNOC's Murban crude.
  • With the support of ADNOC, the Murban futures contract referenced by the SPC will be hosted on ICE Futures Abu Dhabi.
  • The launch of ICE Futures Abu Dhabi further reinforces Abu Dhabi's status as a global energy hub, and supports ADNOC's continued transformation into a more modern and progressive energy company."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange to Launch New Exchange in Abu Dhabi Global Market (ADGM) to Host World's First Murban Crude Futures Contracts

Retrieved on: 
Monday, November 11, 2019
Financial markets, Commodity markets, Economy of London, Abu Dhabi National Oil Company, Futures exchanges, Abu Dhabi, Futures contract, Companies, Intercontinental Exchange

On November 4, 2019, Abu Dhabi's Supreme Petroleum Council (SPC) announced that it would implement a new pricing mechanism for ADNOC's Murban crude.

Key Points: 
  • On November 4, 2019, Abu Dhabi's Supreme Petroleum Council (SPC) announced that it would implement a new pricing mechanism for ADNOC's Murban crude.
  • With the support of ADNOC, the Murban futures contract referenced by the SPC will be hosted on ICE Futures Abu Dhabi.
  • The launch of ICE Futures Abu Dhabi further reinforces Abu Dhabi's status as a global energy hub, and supports ADNOC's continued transformation into a more modern and progressive energy company."
  • Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.

Intercontinental Exchange to launch new exchange in Abu Dhabi Global Market (ADGM) to host world’s first Murban crude futures contracts

Retrieved on: 
Monday, November 11, 2019
Energy, Professional services, Oil, Gas, Finance, Financial markets, Commodity markets, Futures exchanges, Economy of London, Abu Dhabi National Oil Company, Companies, Abu Dhabi Global Market, Futures contract, Abu Dhabi, Intercontinental Exchange, Intercontinental Exchange, ADNOC, Abu Dhabi Global Market

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that it will launch a new exchange, ICE Futures Abu Dhabi (IFAD), to host the worlds first futures contracts based on Abu Dhabi National Oil Companys (ADNOC) Murban crude oil.

Key Points: 
  • Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that it will launch a new exchange, ICE Futures Abu Dhabi (IFAD), to host the worlds first futures contracts based on Abu Dhabi National Oil Companys (ADNOC) Murban crude oil.
  • On November 4, 2019, Abu Dhabis Supreme Petroleum Council (SPC) announced that it would implement a new pricing mechanism for ADNOCs Murban crude.
  • With the support of ADNOC, the Murban futures contract referenced by the SPC will be hosted on ICE Futures Abu Dhabi.
  • ADGM is pleased to be the preferred international jurisdiction that supports Intercontinental Exchange and ADNOC in launching the worlds first Murban crude futures contracts, said His Excellency Ahmed Ali Al Sayegh, Minister of State (UAE) and the Executive Chairman of Abu Dhabi Global Market.

Weatherford To Present New Oilfield Technologies at ADIPEC 2019

Retrieved on: 
Tuesday, November 5, 2019
Weatherford International, Weatherford, Abu Dhabi, Cities in Asia, Arabian Peninsula, Geography of Asia

HOUSTON, Nov. 5, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK:WFTIQ) is bringing its best-in-market oilfield technologies and industry-leading vision to the 2019 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), from November 11 to 14, 2019.

Key Points: 
  • HOUSTON, Nov. 5, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK:WFTIQ) is bringing its best-in-market oilfield technologies and industry-leading vision to the 2019 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), from November 11 to 14, 2019.
  • On Monday, November 11 at Noon, Weatherford will unveil the first-ever flow-measurement solution driven by Production 4.0 Intelligence in Hall 8 at Stand #8210.
  • The technology gives operators the ability to reduce both capital and operating expenses while increasing well-test frequency and accuracy.
  • For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn , Facebook , Twitter and YouTube .

Weatherford To Present New Oilfield Technologies at ADIPEC 2019

Retrieved on: 
Tuesday, November 5, 2019
Weatherford International, Weatherford, Abu Dhabi

CEO Will Discuss Digital Transformation and Strategic Partnerships;

Key Points: 
  • CEO Will Discuss Digital Transformation and Strategic Partnerships;
    Product Line Presidents to Address Technical Sessions on Formation Evaluation, Drilling, Completion, and Production
    HOUSTON, Nov. 5, 2019 /PRNewswire/ -- Weatherford International plc (OTC-PINK:WFTIQ) is bringing its best-in-market oilfield technologies and industry-leading vision to the 2019 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), from November 11 to 14, 2019.
  • On Monday, November 11 at Noon, Weatherford will unveil the first-ever flow-measurement solution driven by Production 4.0 Intelligence in Hall 8 at Stand #8210.
  • The technology gives operators the ability to reduce both capital and operating expenses while increasing well-test frequency and accuracy.
  • For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn , Facebook , Twitter and YouTube .

CRO Advisors to Issue Eskom Debt Restructuring Report; Liabilities and Capital Requirements ~2.3 Trillion Rand ($150BN USD) over next 5 years

Retrieved on: 
Tuesday, November 5, 2019
Eskom, Balance sheet, Restructuring, Economy, Business, Liability, Corporations

ABU DHABI, United Arab Emirates, Nov. 05, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report.

Key Points: 
  • ABU DHABI, United Arab Emirates, Nov. 05, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report.
  • Finds Eskom debts, liabilities and capital needs ~2.3 Trillion Rand ($150BN USD) over next 5 years.
  • Eskoms ~500BN on balance sheet debt, ~128BN off balance sheet debt, and 1,072BN in unavoidable cost over next 5 years, represents a staggering 76% of South Africas total current debt.
  • Thus, including Eskoms liabilities and capital requirements, SA total debt obligations are ~5.3 Trillion Rand, excluding cash requirements for other failing State-Owned Companies, excluding sizable Tax collection gaps and other sizable growing fiscal gaps.

Yas Holding Invests in Alvotech and Agrees on a Strategic Partnership for Biosimilar Candidates

Retrieved on: 
Monday, November 4, 2019
Biotechnology, Pharmaceutical, Health, Yas, Abu Dhabi, Alvotech, Yas Holding

Biopharmaceutical company Alvotech announced today that Abu Dhabi-based investment company, Yas Holding, has acquired a 2.5% stake in their business and signed an agreement for the exclusive partnership and supply of three Alvotech biosimilar candidates, which Yas Holding will commercialize in the MENA region.

Key Points: 
  • Biopharmaceutical company Alvotech announced today that Abu Dhabi-based investment company, Yas Holding, has acquired a 2.5% stake in their business and signed an agreement for the exclusive partnership and supply of three Alvotech biosimilar candidates, which Yas Holding will commercialize in the MENA region.
  • Robert Wessman, founder of Alvotech, said: We are delighted to welcome Yas Holding to our growing lists of investors for Alvotech.
  • This investment from Yas Holding represents the second new investor coming on board during the past 12 months.
  • Murshed Al Redaini, Group Chief Executive Officer of Yas Holding, added: Yas Holding is very happy to announce our investment in Alvotech.

Bilfinger Announces Appointment of Jon Rokk as President & CEO of the Middle East division

Retrieved on: 
Monday, November 4, 2019
Geography of Asia, States of Germany, Countries, Bilfinger, Mannheim, Societates Europaeae, Abu Dhabi, United Arab Emirates, Bilfinger Deutsche Babcock Middle East, Helmut Mauell GmbH

ABU DHABI, UAE, Nov. 4, 2019 /PRNewswire/ -- The leading internationalindustrial services provider Bilfinger has appointedJon Rokk as President & CEO of the Engineering & Maintenance divisionin theMiddle East.

Key Points: 
  • ABU DHABI, UAE, Nov. 4, 2019 /PRNewswire/ -- The leading internationalindustrial services provider Bilfinger has appointedJon Rokk as President & CEO of the Engineering & Maintenance divisionin theMiddle East.
  • Bilfinger's Middle East corefocus industriesare inoil and gas, chemicalandpetrochemical, as well as energy and utilities.
  • "Bilfinger has been operating for a long time in the Middle East and some client relationships go back many decades in some areas.
  • Bilfinger is primarily active in the regions Continental Europe, Northwest Europe, North America, and the Middle East.