Abu Dhabi National Oil Co. plans capital investment of about $100 billion during the next 5 years as it assesses Abu Dhabi’s unconventional resources and seeks downstream investments abroad.   Source: News

Enbridge Inc. has signed an agreement with Michigan Gov. Rick Snyder requiring the owners of Line 5 take immediate steps to improve environmental protection for the Great Lakes and other state waterways. Source: News

Kuwait Petroleum Corp.’s newly formed subsidiary Kuwait Integrated Petroleum Industries Co. (KIPIC) has let a contract to W.R. Grace & Co. to provide technology licensing for a new polypropylene plant to be built at the petrochemical portion of KIPIC’s grassroots 615,000-b/d Al-Zour integrated refining complex under construction in southern Kuwait. Source: News

Iraq’s Oil Ministry is inviting international companies to compete for nine blocks on the country’s borders with Iran and Kuwait and one in southern Iraq’s territorial waters in the Persian Gulf, which is the country’s first offshore block. Source: News

The light, sweet crude oil contract for January delivery fell more than 80¢ but still settled above $58/bbl Nov. 27 on the New York market while Brent crude oil for January fell slightly but closed above $63/bbl. Source: News