Mega-deals totalling more than $3.4 billion are won by ADNOC Drilling

ADNOC Offshore of the UAE has given ADNOC Drilling two contracts for more than $3.4 billion (AED 12.6 billion) to increase offshore drilling operations and hire eight jack-up rigs to increase production capacity.

These contracts are worth a combined $1.5 billion (AED 5.6 billion) and $1...

Two offshore contracts worth over $3.4 billion are won by ADNOC Drilling

The Abu Dhabi National Oil Company (ADNOC) has announced the award of two contracts to ADNOC Drilling for the hiring of eight offshore jack-up rigs to boost production capacity, totalling more than $3.4 billion (AED12.6 billion).

According to a statement released by ADNOC Offshore on Th...

Adnoc is aware of products with a $19 billion potential for local manufacture

The Abu Dhabi National Oil Company (Adnoc) declared on Tuesday that it had identified products in its pipeline for purchases worth Dhs70 billion ($19 billion) that could be produced locally.

Adnoc negotiated contracts for local manufacturing opportunities of Dhs21 billion ($5.7 billion)...

Two offshore jack-up drilling units will be acquired by the ADNOC Drilling Company

ADNOC Drilling Company has announced the signing of a sale and purchase agreement (SPA) for the purchase of two more premium offshore jack-up drilling equipment. The investment is a key component of the company's ambitious expansion strategy and is included in its three-year capital expenditu...

ADNOC & MASDAR JOINING BP’S HYDROGEN PROJECTS

The energy company, ADNOC, based in the United Arab Emirates is said to be the largest in scale. It is going to take a twenty-five percent stake in the blue hydrogen project of bp. This twenty-five percent stake will be taken in the stage of design of the hydrogen project. ADNOC has never investe...

ADNOC and Masdar, two Abu Dhabi energy heavyweights, have formed a new energy collaboration with BP

The signing of a partnership was witnessed by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of the Abu Dhabi National Oil Company (ADNOC).

Adnoc has become a crucial pillar of UAE's economic strength because of Sheikh Mohamed's vision

The UAE President has overseen the national oil company's development into a more economically driven and multinational organisation.

Sheikh Mohamed bin Zayed complimented the Abu Dhabi National Oil Company for aiding the country's economy during the coronavirus pandemic during ...

As it ramps up its oil and gas investment, Adnoc wins a significant contract for the enormous Bab oilfield

According to the company, the project is another step toward increasing Abu Dhabi's oil production capacity to 5 million barrels per day by 2030. Abu Dhabi National Oil Company (Adnoc) has awarded a $227 million contract to RobtStone of the United Arab Emirates for work on a key enhanced oil ...

Deals worth $1.94 billion have been awarded by Adnoc to facilitate drilling

Abu Dhabi's government-owned Adnoc has given $1.94 billion in framework contracts to several oil service businesses to boost drilling activity.

The majority of the awards went to Adnoc's own oil service subsidiary, Adnoc Drilling, with the rest going to Schlumberger, Hallib...

ADNOC Establishes Debt Issuing Unit for Boosting Oil Production Capacity by 2030

The oil and gas giant of the United Arab Emirates, Abu Dhabi National Oil Corporation, has established a new debt issuing unit in order to assist in funding its projects, including the increase in oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2...

Updates of UAE’s Mugharraq Port’s Offshore Drilling

The United Arab Emirates has signed a deal with the Abu Dhabi unit of Italy-based Eni for establishing a marine logistics base at the Mugharraq Port in Ruwais for supporting offshore drilling in the Al Dhafra region of Abu Dhabi.

On 24th January, the operator of Mugharraq Port, AD Ports...

ADNOC Allocates 946 million Dollars for the Umm Shaif field

Abu Dhabi National Oil Corporation has signed a 946 million dollars contract for increasing oil production capacity at its offshore Umm Shaif field. The company intends to boost its oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2030.

...

ADNOC Launches 3.6 billion Dollars in Electrification Plan

The Abu Dhabi National Oil Company (ADNOC) has collaborated with a utility firm, TAQA, to launch an electrification project worth 3.6 billion dollars to achieve its emission goals.

The two companies are planning the construction of a subsea cable that transmits cleaner energy to rid the...

ADNOC, UAE SIGNS 10 BILLION DOLLAR DEAL IN GAS PIPELINE INFRA

HIGHLIGHTS

• Abu Dhabi sign-offs deal in a gas pipeline infrastructure
• It will boost the UAE's economy in the current crisis situation

The capital of the United Arab Emirates, Abu Dhabi, finalized a major foreign investment deal in...

BY 2030, GREEN HOUSE GAS EMISSIONS TO REDUCE BY 25%, CLAIMS ADNOC

The Abu Dhabi National Oil Company or ADNOC revealed that it aims to reduce its greenhouse gas emission intensity by at least 25%. A spokesperson for the organization reported that this move comes after joint discussions with clear objectives to secure its position as one of the least carbon-inte...

Adnoc is educating international investors on the Abu Dhabi forum approach

Abu Dhabi National Oil Company held its second capital investment forum on Saturday, providing an update on its strategy and pipeline of partnership and co-investment opportunities to 200 members of the world's financial and investment community.

The forum presented an overview of A...

Borealis is seeking to expand its market globally by joint ventures with India and Europe

Borealis, a chemicals company operated by Mubadala and co-owner of the largest chemical plant in the UAE, is seeking to expand its market globally by joint ventures with Adnoc in India and acquisitions of plastics recycling facilities in Europe, his chief executive said.

The Austrian bu...

ADNOC Doubling Optimization of Oil and Gas Resources through Virtual Hive

As far as communications from the oil and gas industry are concerned, Dr Sultan Al Jaber, chief executive of the state-owned Abu Dhabi National Oil Company (ADNOC), recently offered his colleagues a pretty compelling one.

"The age of technological transformation for the industry is...

Long term sales contract between ADNOC and EGA

This Wednesday ADNOC the national oil company of Abu Dhabi signed an agreement with EGA (Emirates Global Aluminum) which is at the moment the largest company in the field of industry situated in UAE and this company is outside the scope of oil and gas sector. The agreement stated that EGA would s...

ISPRL and Saudi Aramco signed an MoU for reserve storage of oil

Saudi Aramco and Indian Strategic Petroleum Reserve Limited (ISPRL) have signed an MoU for a strategic oil reserve lease in the country. The MoU was signed soon after the Prime Minister of India had a 2 day visit to the kingdom and having discussed a strategic council to be set up for the future ...