Adnoc has the goal of being the world’s lowest-cost oil producer of choice. Unlike some of its IOC competitors, struggling to come to terms with the demands of meeting today’s energy needs and tomorrow’s transition, it is willing to put the money in.
Petronas has signed a concession for the first unconventional oil concession in the Middle East, during a high-level visit.
Saudi Aramco has discovered two new unconventional gas fields in the country’s hydrocarbon-rich east.
Saudi Aramco has awarded Worley a contract covering project management services for the development of unconventional gas.
Saipem and Hyundai have announced contract wins on the Jafurah development, in Saudi Arabia.
Saudi Aramco has handed out contracts to a number of service companies to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
Adnoc has awarded the world’s largest 3D seismic shoot to China’s BGP, under a contract worth $519 million.
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council (SPC) has said.
Adnoc and Total have celebrated the first delivery of unconventional gas from the Ruwais Diyab concession.