Oil companies, EPCs, refineries, pipeline operators and drilling contractors will join the AUTOMA Congress next April to discuss the asset management approaches in Upstream, Midstream and Downstream markets.
BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output.
There are brighter days ahead for the oil industry, but companies must be agile and cut costs, Adnoc’s CEO Sultan Al Jaber said in opening remarks to the Adipec conference.
Adnoc is considering how best to meet the world’s changing energy needs, although oil and gas will “remain at the heart” of the company’s business model, said Sultan Al Jaber.
Adnoc has signed framework agreements with Mubadala Investment and Emirates Nuclear Energy Corp. (Enec) focused on co-operation on in-country value (ICV).
More than US$500bn worth of project opportunities will be presented by key major project decision makers from around the globe at the Virtual Energy Exports Conference on Monday 28 September to Thursday 1 October (vEEC Week).
Oil extended losses after its biggest one-day drop in more than two months as growing doubts over the strength of the global demand recovery along with continued weakness in stocks soured market sentiment.
Abu Dhabi National Oil Co.(Adnoc) is exploring the possibility of selling a stake in its real estate portfolio, the latest effort by the state-owned energy producer to raise funds and attract foreign investors.
Abu Dhabi has approved the transfer of rights, from China National Petroleum Corp. (CNPC) to Cnooc Ltd, in the Lower Zakum and Umm Shaif and Nasr offshore concessions.
Saudi Aramco’s experience may offer a cautionary tale to other investors considering multi-billion-dollar refining partnerships with Indonesian NOC Pertamina
Scottish low-carbon and green energy projects offered a glimmer of hope to Petrofac in a first half of 2020 marked by “significant disruption” brought on by Covid-19.