New methane target reinforces ADNOC’s support for UAE’s Global Methane Pledge
ADNOC
After Germany, ADNOC signs LNG supply deal with Austria to replace Russian gas
ADNOC signed an agreement with Austria’s OMV on October 27 to explore a partnership for the supply of LNG. According to the MoU, ADNOC will look to supply one LNG cargo to OMV for the winter season of 2023-24. Austria has been looking for alternative sources of natural gas since Russia’s invasion of Ukraine. “We […]
ADNOC sets world record for drilling longest well
Stretching 50,000 feet, the well is around 800 feet longer than the previous world record set in 2017
Opinion: How Middle East oil companies should respond to higher oil prices
The recent surge in the oil price is an opportunity for National Oil Companies (NOCs) in the Middle East to reinforce their commitment to transformation. For the moment, profits are plentiful and providing ample funding to their host governments’ budgets. However, the long term pressure on the oil price remains significant and there are no […]
ADNOC Drilling awarded nearly $1 billion contract to ramp up offshore production
This award brings the total value of awards from ADNOC Offshore to ADNOC Drilling in 2022 to $5.95 billion
ADNOC Drilling secures $1.53 billion contract to expand offshore production
The two-year contract awarded by ADNOC Offshore covers the provision of rigs and associated integrated drilling services
Top 5 oil and gas contracts in the Middle East: September 2022
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
ADNOC Drilling acquires two more offshore rigs for $140 million
ADNOC Drilling Co announced today that it has signed an agreement to acquire an additional two premium offshore jack-up drilling rigs. The acquisition is the fourth of its kind in recent months. In August, ADNOC Drilling purchased a premium offshore jack-up drilling unit for $70 million. The two new rigs have a combined cost of […]
ADNOC secures agreements with Germany for LNG and diesel supply
The deal is part of a wider energy security and industry accelerator agreement between UAE and Germany to accelerate projects of joint interest in energy security, decarbonisation and climate action
‘Recipe for disaster’: Al Jaber highlights dangers of fossil fuel underinvestment
“If we under-invest in the energy system of today before the energy system of tomorrow is ready, we will only make matters worse,” ADNOC CEO Al Jaber said.