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Abu Dhabi awards BP 10% stake in ADCO Onshore Concession

Abu Dhabi National Oil Company (ADNOC) signed on Saturday an agreement with BP, awarding the British oil and gas giant a 10 per cent interest in Abu Dhabi’s onshore oil concession operated by ADCO, the Abu Dhabi Company for Onshore Petroleum Operations.

 
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DMCA SUPPORTS BIMCO SESSIONS IN DUBAI

The Dubai Maritime City Authority (DMCA) has supported a series of training sessions held under the umbrella of the Baltic and International Maritime Council (BIMCO), the largest international shipping association representing shipowners. The training shared valuable insights from international experts about the current state of the global maritime industry and covered topics such as chartering, laytime and demurrage, Bills of Lading, maritime security and crisis management. Other supporters of the training initiative included the UAE Shipping Association, the Dubai Shipping Agents Association, and the Dubai branch of the Institute of Chartered Shipbrokers.

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