National Petroleum Construction Co, a wholly-owned unit of National Marine Dredging Co (NMDC), was awarded a $162.31 million contract by ADNOC, Mubasher reported. The deal covers the engineering, procurement, and construction (EPC) works for installing seven jackets, according to a bourse filing. NPCC has grown from a small fabricator to an international EPC company with […]
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Inside ADNOC’s oldest, biggest onshore field Murban Bab
The Murban Bab Oil Field, around 84 kms north west of Abu Dhabi, was where ADNOC struck first oil in the 1960s. The Murban Bab oil field is the biggest onshore oil field in Abu Dhabi and the oldest operating field in the UAE. “This is where it all began,” ADNOC says on the company […]
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ADNOC Logistics & Services shares skyrocket on market debut after record IPO
ADNOC Logistics & Services surged 58% above their listing price on its market debut on Thursday. ADNOC L&S climbed from its listing price of AED 2.01 to close as high as AED3.130, giving it a market capitalisation at the time of listing of about $4.05 billion. “The record-setting market debut of ADNOC L&S marks the […]
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UAE jobs: ADNOC to hire 5,000 private sector workers by 2027
ADNOC will partner with the Emirati Talent Competitiveness Council (ETCC) to create 5,000 jobs for UAE nationals in the private sector by 2027, the company announced at the Make it in the Emirates Forum on Thursday. The hiring will take place through ETCC’s Nafis programme and is aimed at employing UAE talent for skilled jobs, in the […]
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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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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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EPC contractors lining up for ADNOC’s multi-billion Hail & Ghasha megaproject
Firms have expressed interest in the new EPC tendering round for the Hail & Ghasha onshore facilities project after agreements were canceled last month, according to data from DMS Projects. The list of participating contractors is yet to be announced. ADNOC recently terminated two key contracts for onshore and offshore work on the Hail and […]
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Why are lawmakers calling to remove Al Jaber as head of COP28?
Over 130 American and European lawmakers are urging the removal of ADNOC CEO Sultan Al Jaber as the president of the upcoming COP28 climate talks. In a joint letter addressed to the United Nations, European Commission President, and US President Joe Biden, the lawmakers have expressed concerns about the influence of fossil fuel companies on […]
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ADNOC, TAQA award $2.4 billion massive water project
ADNOC and TAQA have awarded a strategic investment project worth up to $2.4 billion for a major desalination plant to support ADNOC’s onshore operations, a press statement has revealed. The project entails the development of a state-of-the-art seawater treatment facility and a transportation network that will serve the Bab and Bu Hasa fields in Abu […]
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ADNOC Offshore awards major contract for asset repair
ADNOC Offshore awarded a significant contract to UK-based ICR Integrity (ICR), a global provider of specialist repair, inspection and integrity solutions. ICR and its UAE partner Advanced Petro Services (APS) will deliver the 5-year composite repair project for all ADNOC Offshore assets, ICR said in a press statement. The statement didn’t disclose the contract value but […]
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