UAE ruler dies, triggering race for succession
United Arab Emirates ruler Sheikh Khalifa bin Zayed Al Nahyan has died triggering 40 days of official mourning.
ADNOC
Aramco awards NESR $300mn fracking contract
National Energy Services Reunited Corp. (NESR) has won a contract in Saudi Arabia for drilling services worth $300 million.
Germany heads to UAE for ammonia deals, after Qatar LNG talks
Germany has struck agreements with Adnoc on securing low-carbon test ammonia cargoes, which will play a key part in the European state’s energy transition.
Adnoc dishes out $658mn in long-term cementing contracts
Adnoc has awarded contracts worth $658 million under framework agreements to secure cementing services.
Petrofac wins way back in to Adnoc tenders
Petrofac is back in Adnoc’s good books, the contractor has said, allowing it to participate once more in tenders.
Scatec signs up to mammoth green ammonia plan in Egypt
Norway’s Scatec has signed a memorandum of understanding (MoU) for a green hydrogen and ammonia plant in Egypt.
ADNOC dishes out $227 million enhanced recovery deal for Bab field
ADNOC onshore has handed out a contract worth $227 million deal for a “first-of-its kind” technology to be used at Abu Dhabi’s Bab field.
ADNOC to supply FSU for AG&P’s Philippines LNG import terminal
Abu Dhabi National Oil Company (ADNOC) Logistics and Services will supply a floating storage unit (FSU) for Atlantic Gulf & Pacific Company’s (AG&P’s) Philippines LNG Import Terminal (PHLNG) due to start operations later this year.
ADNOC mulls green bond as Gulf firms seek ESG funds
Abu Dhabi’s state oil producer ADNOC is considering the sale of a green bond for the first time, according to people with knowledge of the matter, as companies and governments in the Persian Gulf increasingly look to tap investors in sustainable assets.
Eni makes gas find offshore Abu Dhabi
Eni has discovered gas at its first exploration well drilled offshore Abu Dhabi, in the offshore Block 2.
Masdar prepares to “supercharge” with 2030 target
Masdar has ambitious plans to scale up its power capacity and sees the entry of Adnoc and TAQA as set to “supercharge” its business.
Adnoc launches new Murban unit to raise debt
Adnoc has set out plans to issue bonds via a new wholly owned subsidiary, as it continues working to raise capital.
BP and Shell shares hit pre-pandemic levels as oil climbs
A recent swell in oil prices has driven the valuation of oil and gas giants Shell and BP to levels not seen since before the pandemic.
Adnoc CEO visits workers in hospital following drone strike
The chief executive of Adnoc has visited a hospital where workers injured in a rumoured terrorist attack are being treated.
NZTC announces new TechX Accelerator strategic partnership with Adnoc
The Net Zero Technology Centre (NZTC) has struck a partnership deal with one of the world’s largest energy companies.
Masdar sets 100 GW renewable energy target for 2030
Masdar aims to be the world’s largest renewable energy company in the world, with a 100 GW target by 2030.
Abu Dhabi tankers burn in reported drone strike
Two explosions have occurred in Abu Dhabi, close to the capital, in what is rumoured to be a terrorist attack.
ADNOC invests $1billion in 60-year-old Umm Shaif oil field
ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago.
TA’ZIZ signs up local investors in first public-private move
Abu Dhabi’s TA’ZIZ has signed up local private sector investors to back a portfolio of chemicals projects
Adnoc announces onshore discoveries of up to 1billion barrels
Adnoc has announced discoveries of up to 1billion barrels of oil equivalent in a prized onshore block in Abu Dhabi.
Technip Energies, TechnipFMC take Adnoc work
Technip Energies has won work to update the front-end engineering design (FEED) on the Ghasha mega project. Meanwhile, TechnipFMC has won a contract worth more than $1 billion from Adnoc.
Macron oversees slew of French deals on visit to Middle East
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Tecnimont, Technip win big at Borouge expansion
Borouge has signed engineering, procurement and construction (EPC) contracts for its new plant, which it is working on with Adnoc.
Adnoc, TAQA move on Masdar’s energy, hydrogen units
Adnoc and TAQA have set out a plan to take a leading stake in Masdar’s renewable energy and hydrogen businesses.
Rewiring the energy system
“If we are to successfully transition to the energy system of tomorrow, we cannot simply unplug from the energy system of today,” Adnoc CEO Dr Sultan Al Jaber warned the ADIPEC conference in Abu Dhabi this month.