Days after terminating key pre-construction contracts, ADNOC has invited contractors to express interest in new EPC tenders for the multibillion-dollar Hail and Ghasha sour gas development, according to a MEED report. Industry sources claim that the expression of interest (EoI) document was issued to contractors on 29 April. Firms have been asked to express interest in the […]
ADNOC
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ADNOC, TotalEnergies sign $1.2 billion strategic agreement
ADNOC’s gas unit has announced a three-year supply agreement with French multi-energy company TotalEnergies Gas and Power Ltd, a subsidiary of TotalEnergies for the export of LNG. The value of the agreement is between $1 billion to $1.2 billion under current market conditions, ADNOC said in a press release. Under the terms of the agreement, […]
Posted inExploration & Production
ADNOC cancels major contracts for multibillion Hail and Ghasha project
Abu Dhabi’s energy major ADNOC has terminated two key contracts for onshore and offshore work on its multibillion-dollar Hail and Ghasha sour gas development, throwing the timing of the project into doubt, Upstream reported. The much-delayed development is among the largest oil and gas projects in the UAE in recent years and is a core […]
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Samsung Engineering posts $1.9 billion record revenue amid stable overseas contracts
Samsung Engineering, one of the world’s leading engineering, procurement, construction, and project management companies announced today that it recorded $1.9 billion revenue in the first quarter of 2023. The company claims that it continued to create solid results based on stable performance, such as in major overseas projects in Mexico, Malaysia, and Saudi Arabia, but also simultaneously […]
Posted inDownstream
ADNOC’s Borouge 2 plant ready for next operating cycle
Borouge, a joint venture between ADNOC and Austrian chemical giant Borealis, has completed a turnaround project at its second plant in Al Ruways Industrial City to ensure safe and reliable operating of the facility for the next operation cycle. Production started at Borouge’s first plant (Borouge 1) in 2001 with an annual capacity of 450,000 […]
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ADNOC Drilling secures $412 million contract for Upper Zakum project
ADNOC Drilling has confirmed the award of a five-year contract for the provision of Integrated Drilling Services (IDS) totaling $412 million from ADNOC Offshore commencing in the second quarter of 2023. ADNOC Drilling will provide IDS for the development of the Upper Zakum field, the largest producing field in ADNOC’s offshore portfolio. Account to ADNOC Drilling, […]
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ADNOC’s logistics arm expands fleet by deploying five large gas carriers
ADNOC Logistics & Services, the shipping and logistics arm of ADNOC, announced today the deployment of five new-build Very Large Gas Carriers (VLGC). The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group. As natural gas […]
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Inside Abu Dhabi’s $30 billion Upper Zakum megaproject
The Upper Zakum Oil Field is the largest producing field in ADNOC’s portfolio. It is also the second-largest offshore oil field and the fourth-largest oil field in the world. As part of ADNOC’s ambitious target to accelerate the delivery of its 2030 smart growth strategy, the company plans to increase the field capacity of Upper […]
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ADNOC L&S signs $2.6 billion contract for new logistics platform project
ADNOC Logistics & Services (ADNOC L&S) has signed a $2.6 billion contract with ADNOC Offshore to provide integrated logistics services for its new Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that is expected to coordinate end-to-end management of logistics and maritime operations at its base in […]
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‘Houston, we have a problem’: Al Jaber urges oil and gas sector to join climate fight
Dr Sultan Al Jaber, ADNOC’s group CEO, who was recently appointed as COP28 president-designate, urged energy leaders to “drive sustainable progress while holding back emissions.” “Houston, we have a problem,” Al Jaber said, borrowing a famous line from a US astronaut aboard a damaged spacecraft during the Apollo 13 mission in 1970. His remarks were […]
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