Make oil production greener by going local
Extracting oil from the ground is a massive logistical undertaking. It requires an army of workers, vehicles and equipment to even get started, let alone produce sustainably and profitably.
ADNOC
Petrofac looks ahead to ‘multi-year upcycle’ but headwinds deal a blow to E&C
Petrofac (LON: PFC) has said it is in position to benefit from a “multi-year upcycle” ahead for the oil and gas industry, but headwinds continue to hit its E&C division.
Taqa and ADNOC take control of UAE’s Masdar in $2bn deal
Taqa and ADNOC have struck a $1.9 billion deal to acquire controlling stakes in Abu Dhabi’s clean energy firm Masdar.
ADNOC Onshore dishes out $173m EPC contract for one of its largest oilfields
ADNOC has awarded a $173 million EPC contract to unlock further production at the Asab oilfield.
ADNOC looks to Aberdeen’s ‘tartan’ revolution for $5bn UAE opportunity
ADNOC has hailed a “tartan” energy revolution in Aberdeen while seeking supply chain partners for a $5bn opportunity in Abu Dhabi.
Adnoc stacks up hydrogen deals with Japan
Adnoc has strengthened its low-carbon ties with Japan, signing deals on blue hydrogen and ammonia, during a three-day visit.
ADNOC makes first UK investment with 25% stake in BP H2Teesside hydrogen project
ADNOC, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
Adnoc stacks three discoveries with 650 million barrels
Adnoc has made a new 500 million barrel discovery at Bu Hasa, offering an expansion of Murban crude production.
Adnoc sets out June IPO plan for Borouge
Adnoc and Borealis have set out plans to hold an IPO for Borouge on the Abu Dhabi Securities Exchange.
UAE ruler dies, triggering race for succession
United Arab Emirates ruler Sheikh Khalifa bin Zayed Al Nahyan has died triggering 40 days of official mourning.
Aramco awards NESR $300mn fracking contract
National Energy Services Reunited Corp. (NESR) has won a contract in Saudi Arabia for drilling services worth $300 million.
Germany heads to UAE for ammonia deals, after Qatar LNG talks
Germany has struck agreements with Adnoc on securing low-carbon test ammonia cargoes, which will play a key part in the European state’s energy transition.
Adnoc dishes out $658mn in long-term cementing contracts
Adnoc has awarded contracts worth $658 million under framework agreements to secure cementing services.
Petrofac wins way back in to Adnoc tenders
Petrofac is back in Adnoc’s good books, the contractor has said, allowing it to participate once more in tenders.
Scatec signs up to mammoth green ammonia plan in Egypt
Norway’s Scatec has signed a memorandum of understanding (MoU) for a green hydrogen and ammonia plant in Egypt.
ADNOC dishes out $227 million enhanced recovery deal for Bab field
ADNOC onshore has handed out a contract worth $227 million deal for a “first-of-its kind” technology to be used at Abu Dhabi’s Bab field.
ADNOC to supply FSU for AG&P’s Philippines LNG import terminal
Abu Dhabi National Oil Company (ADNOC) Logistics and Services will supply a floating storage unit (FSU) for Atlantic Gulf & Pacific Company’s (AG&P’s) Philippines LNG Import Terminal (PHLNG) due to start operations later this year.
ADNOC mulls green bond as Gulf firms seek ESG funds
Abu Dhabi’s state oil producer ADNOC is considering the sale of a green bond for the first time, according to people with knowledge of the matter, as companies and governments in the Persian Gulf increasingly look to tap investors in sustainable assets.
Eni makes gas find offshore Abu Dhabi
Eni has discovered gas at its first exploration well drilled offshore Abu Dhabi, in the offshore Block 2.
Masdar prepares to “supercharge” with 2030 target
Masdar has ambitious plans to scale up its power capacity and sees the entry of Adnoc and TAQA as set to “supercharge” its business.
Adnoc launches new Murban unit to raise debt
Adnoc has set out plans to issue bonds via a new wholly owned subsidiary, as it continues working to raise capital.
BP and Shell shares hit pre-pandemic levels as oil climbs
A recent swell in oil prices has driven the valuation of oil and gas giants Shell and BP to levels not seen since before the pandemic.
Adnoc CEO visits workers in hospital following drone strike
The chief executive of Adnoc has visited a hospital where workers injured in a rumoured terrorist attack are being treated.
NZTC announces new TechX Accelerator strategic partnership with Adnoc
The Net Zero Technology Centre (NZTC) has struck a partnership deal with one of the world’s largest energy companies.
Masdar sets 100 GW renewable energy target for 2030
Masdar aims to be the world’s largest renewable energy company in the world, with a 100 GW target by 2030.