:: Adnoc to slash supply further in August

Abu Dhabi National Oil Company (Adnoc) is expected to further cut supplies to Asia by 19 percent below contracted volumes in August against 18 percent cuts for July, Reuters reported on Monday citing unnamed industry sources.

:: Japanese firms primed for Iraq job - report

A consortium of Japanese companies was reported to be the front-runners in bidding for the $10 billion development contract of the massive Nassiriya oil field in Iraq.

:: Oxy bids for Bahrain deep gas venture

US major Occidental Petroleum (Oxy) has signed an agreement with independent explorer Canadian Natural Resources (CNR) to tender bids for Bahrain’s deep gas exploration and production in the Bahrain Field.

:: Kuwait seals Shell LNG deal

State-run Kuwait Petroleum Corporation (KPC) has signed a deal with Royal Dutch Shell to supply Kuwait with liquefied natural gas (LNG) for power generation and water desalination plants this summer, Kuwait News Agency (Kuna) said on June 22.

:: Adnoc dishes 6 PMCs to WorleyParsons

Abu Dhabi National Oil Company (Adnoc) has awarded six project management consultancy contracts (PMC) to Australian firm WorleyParsons with a value of $150 million to manage an integrated gas development project in Abu Dhabi.

:: Abu Dhabi sets strategic oil reserve in Japan

Abu Dhabi has agreed with Japan, its biggest crude importer, to help stock up its oil reserves in Japanese territory as a strategic move to bolster energy security in the Asia-Pacific region while establishing stronger political and trade ties in the region.

:: SeaWolf accepts Hull 105 delivery

UAE-based Maritime Industrial Services (MIS) has delivered SeaWolf Onome (or MIS Hull 105) to Nigerian operator SeaWolf Oilfield Services which granted a Protocol of Acceptance and Delivery for the newbuild jack-up rig.

:: Dubai to set crude oil selling price based on DME Oman contract

The Dubai Mercantile Exchange (DME) confirmed on Tuesday that the Dubai Department of Petroleum Affairs (DPA) will set the official monthly selling price (OSP) for the Emirate’s crude oil based on a differential to the settlement price of the DME’s Oman Crude Oil Futures Contract.