ADNOC has been confirmed as a gold sponsor for the Offshore Support Vessels Conference, which will take place on 14-15 June 2023 at Conrad Abu Dhabi Etihad Towers. Organized by Great Minds Events Management, the event will provide a platform for participants to learn about the latest developments in the industry and showcase best practices […]
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Tanzania’s $42 billion LNG project nears approval
Negotiations with investors for Tanzania’s $42 billion liquefied natural gas (LNG) project have been successfully concluded, a senior government minister has revealed. The agreements, aimed at tapping into the country’s vast offshore gas resources, are now awaiting review and approval next month, according to media reports. Energy Minister January Makamba said that the finalised agreements […]
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L&T announces major milestones for NEOM green hydrogen plant
The power transmission & distribution arm of Indian engineering major L&T has achieved important milestones for the power elements and grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company. Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial close, […]
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UAE’s untapped opportunity of hub and cluster CCS facilities
Countries driven by high emissions exports are being hit by international regulations on emissions such as the Carbon Border Adjustment Mechanism (CBAM) in the EU, development of the carbon price, and market competitiveness. Abruptly shutting down national industries to lower emissions would lead to the breakdown of the economy and a colossal loss of jobs. […]
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Top contractors fight for ADNOC’s multimillion Habshan gas contract
EPC giants including NPCC, Petrofac and L&T are in the race for a significant contract for ADNOC’s Habshan 5 new compression facility, according to data from DMS Projects. ADNOC Gas Processing is currently evaluating technical and commercial bids for the main tender of the project, with a decision expected within weeks. The EPC contract is […]
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UAE: Fujairah’s energy giant to enter EPC business; eyes $100 billion projects
Fujairah National Energy Co (FUJNEC) will soon begin selecting EPC partners as the company plans to venture into engineering, procurement and construction business in the downstream oil and gas sector. The emirate of Fujairah anticipates significant opportunities in the EPC sector, with an estimated value of approximately $100 billion over the next decade. FUJNEC, being […]
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UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
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ADNOC boss announces $1.6 billion new industrial projects
Dr Sultan bin Ahmed Al Jaber, ADNOC’s group CEO and Minister of Industry and Advanced Technology (MoIAT), announced more than 30 innovative industrial projects worth more than $1.6 billion during the second edition of the Make it in the Emirates Forum, which is being held under the theme of “Investment. Sustainability. Growth”. “These projects include […]
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Bahrain unveils $1 billion Al-Dur 2 water and power plant
Bahrain has successfully launched the second phase of the colossal Al-Dur 2 Independent Water and Power Project (IWPP), valued at $1 billion. The new plant is an extension of Al Dur Phase 1 and features a power generation capacity of 1,500MW and a desalination capacity of 50 million imperial gallons per day (MIGD). It marks […]
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UAE announces major drop in June petrol prices
The UAE fuel price committee on May 31 announced major reduction in petrol and diesel prices for the month of June 2023. The new rates will apply from June 1.