{"id":91693,"date":"2024-05-06T00:00:00","date_gmt":"2024-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/new-gas-reserves-discovered-in-sharjah\/"},"modified":"2024-05-06T00:00:00","modified_gmt":"2024-05-06T00:00:00","slug":"new-gas-reserves-discovered-in-sharjah","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/new-gas-reserves-discovered-in-sharjah\/","title":{"rendered":"New gas reserves discovered in Sharjah"},"content":{"rendered":"

ENERGY- <\/p>\n

#1-<\/strong>New gas reserves discovered in Sharjah:<\/strong> The Sharjah Petroleum Council discovered new gas reserves in \u201cpromising economically viable quantities\u201d in the Al Hadiba field, located north of the Al Sajaa Industrial Area in Sharjah, according to a statement<\/a>. The quantities will be confirmed through upcoming testing over the next few days.<\/p>\n

Sharjah has four other oilfields:<\/strong> Al Saja\u2019a, Kahif, Mahani and Muayed.<\/p>\n

This marks the first new discovery in the emirate since 2020<\/strong>, when state-owned Sharjah National Oil Corporation (SNOC) discovered a new onshore well of natural gas and condensate alongside Italy\u2019s Eni \u2014 marking its first discovery in three decades.<\/p>\n

\n

#2- Dana Gas\u2019 production in Iraq back to normal levels:<\/strong> Natural gas producer Dana Gas has brought back production at the Khor Mor gas field in Iraq\u2019s Kurdistan region to normal levels after the company halted production<\/a> due to a drone attack that hit the field last weekend, it said in an ADX disclosure (pdf)<\/a>. The Kurdistan regional and Iraqi federal governments have ensured security measures to strengthen defenses at the field. <\/p>\n

#3- Enoc-Chevron JV Eppco Lubricants partnered with Swedish steel manufacturer SKF <\/strong>to bring SKF RecondOil technology to the UAE, according to a press release<\/a>. The newly introduced technology cleans used oil by removing tiny particles that can damage machinery. <\/p>\n

AVIATION-<\/p>\n

#1- New Fujairah-Cairo flights in July: <\/strong>Fujairah International Airport launched direct flights between Fujairah and Cairoat a rate of two flights per week on Sundays and Thursdays, starting July Wam<\/a> reports. The development stems from a cooperation between Fujairah Airport and Egyptair, Egypt's state-owned flag carrier.<\/p>\n

#2- Etihad Airways inked reciprocal interline partnerships with five new airlines<\/strong> \u2014 Kam Air, Sky Express, Rex Airlines, Jeju Air, and Myanmar Airways International \u2014 it said in a statement<\/a>. The agreements streamline connectivity and baggage check-through on single tickets across networks and offer connections to some 80 destinations across Afghanistan, Greece, Australia, Korea, and Myanmar from Etihad\u2019s gateways.<\/p>\n

REAL ESTATE-<\/p>\n

#1- Aark Developers launched its AED 4 bn <\/strong>Sora Beach Residences<\/a><\/strong> in Al Marjan Island<\/strong>, the first high rise on the island, according to a press release<\/a>. Japanese architectural firm Nikken Sekkei \u2014 behind the design of the recently launched One Zabeel in Dubai \u2014 will design the development. <\/p>\n

#2- Al Ashram appointed main contractor for Luce Palm Jumeirah: <\/strong>Taraf \u2014 Yas Holding<\/a> \u2019s real estate arm \u2014 awarded Al Ashram Contracting<\/a> a construction contract for an undisclosed value for its residential development, Luce<\/a> at Palm Jumeirah, according to a press release<\/a>. <\/p>\n

CAPITAL MARKETS-<\/p>\n

DFM collaborates with Swiss Six for dual\/cross-listings and share transfers: <\/strong>The Dubai Financial Market (DFM) inked an agreement with the Swiss Financial Market Infrastructure Group Six to facilitate cross-listings and share fungibility, according to a statement (pdf)<\/a> by the DFM. The agreement will also see Six and the Dubai Central Securities Depository work towards establishing a central securities depository for cross-border transfers, and identify further windows for cooperation on post-trade services and market data.<\/p>\n

INVESTMENT- <\/p>\n

Adia anchors Indian healthcare firm ahead of IPO: <\/strong>Abu Dhabi Investment Authority (Adia) was among 36 institutional investors that bought shares in Indian healthcare firm Indegene ahead of its IPO on the Bombay Stock Exchange, according to a bourse filing (pdf)<\/a>. Adia bought 276k shares, representing a 2.28% stake in Indegene. The stake was purchased for INR 12.5 mn (c. AED 550k), according to Indian broker 5paisa<\/a>. Indegene raised a total of INR 5.49 bn (USD 65.8 mn) from institutional investors purchasing some 1.21 bn equity shares. <\/p>\n","protected":false},"excerpt":{"rendered":"

The well will undergo testing to determine the potential reserves quantities<\/p>\n","protected":false},"author":1,"featured_media":91694,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[368,47,306,29,1203,130,143,7,929,161,1342,98,1390,1466],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi-investment-authority","tag-also-on-our-radar","tag-aviation","tag-capital-markets","tag-dana-gas","tag-dfm","tag-energy","tag-enterpriseam-uae","tag-etihad-airways","tag-infrastructure","tag-investment","tag-real-estate","tag-sharjah","tag-uzbekistan","wpautop","entry"],"acf":{"mongo_id":"78cb25b0-5925-4005-b094-c882c4ba738f","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/260.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sharjah Petroleum Council reveals new gas reserves in Al Hadiba + more from Dana Gas, Eppco, Etihad, DFM, Adia and others","related_issue":[91675],"teaser":"The well will undergo testing to determine the potential reserves quantities","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.62b1ef18-555e-4548-affa-54962e54781e.mp3"},"yoast_head":"\nNew gas reserves discovered in Sharjah - 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