The 500 million barrels of oil discovered from the exploration well in the Bu Hasa field has unlocked a new formation within the field, offering substantial additional premium-grade Murban oil resources
ADNOC
Posted inNews, Exploration & Production, Products & Services
McDermott secures new FEED contract from ADNOC
The Fujairah LNG Facility’s FEED services will be performed by teams in McDermott’s offices in London and the UAE
Posted inNews
Shell named world’s most valuable oil & gas brand at $49.9bn: Brand Finance
The global oil and gas sector is powering ahead with the world’s 50 most valuable oil and gas brands achieving an aggregate growth of 8% this year
Posted inEnergy Transition
UAE focus: Perfecting the energy mix on the road to net zero
Angitha Pradeep analyses the UAE’s role as a global player in the hydrocarbon, renewable, and nuclear sectors as the current economic and geopolitical setting impacts its diversification strategies
Posted inNews
ADNOC acquires 25% stake in Borealis from Mubadala
The purchase will help ADNOC position itself as a global petrochemical player, the company said
Abu Dhabi National Oil Company (ADNOC) announced Friday that it would be acquiring a 25% stake in European petrochemical firm Borealis AG from the Mubadala Investment Company. The financial details of the transaction were not disclosed. Upon completion of the transaction, which is subject to customary closing conditions and regulatory approvals, Borealis will be owned […]
Posted inNews
ADNOC awards nearly $1 billion EPC contract to NPCC to develop Umm Shaif field
The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels per day by 2030
Abu Dhabi National Oil Company (ADNOC) announced Wednesday that it had awarded a $946 million engineering, procurement, and construction (EPC) contract to National Petroleum Construction Company (NPCC). The contract covers the strategic long-term development of ADNOC’s Umm Shaif field and is part of the company’s plan to boost oil production capacity to five million barrels […]
Posted inNews, ADIPEC
ADNOC to be on 100% clean energy grid power by January 2022, CEO says at ADIPEC 2021
The announcement is a first in the industry.
Abu Dhabi National Oil Company (ADNOC) is set to receive up to 100 percent of its grid power from clean energy sources by January next year, Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC said during the opening ceremony of ADIPEC on Monday. […]
Posted inProducts & Services
National Marine Dredging Company reports $136.4 million net profit for 9M 2021
NMDC counted revenue of $1.46 billion for the nine months starting January 2021
National Marine Dredging Company (NMDC) reported a significant increase in net profit of $136.4 million (AED 501 million) for the nine months from January to September 2021. The profitable third quarter performance followed the integration of NMDC and National Petroleum Construction Company (NPCC) to become a regional leader in providing integrated oil & gas and […]
Posted inEnergy Transition
Major technologies to boost efficiency and decarbonise oil and gas operations
Honeywell shares some of the key technologies that are having an impact on carbon emissions
The oil and gas sector is increasingly embracing new technologies across the value chain, with the hopes of making operations more efficient. But which of these have potential to lower carbon emissions? Honeywell weighs in with some of the solutions that could have the greatest impact on oil and gas decarbonisation efforts. UNISIM DESIGN UniSim […]
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