Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED has reported.
TAQA, the Abu Dhabi based energy company, responding to reports it was considering selling its international oil and gas assets said it remains committed to investing in its portfolio.
Abu Dhabi National Energy Co is considering whether to sell its overseas oil and gas assets to another Abu Dhabi state-owned entity as it focuses on its core business of power generation and water production.
The world's first ultra-sour gas project has been officially opened by the Abu Dhabi National Oil Company(ADNOC) in a joint venture with Occidental Petroleum.
Acoustics specialist OptaSense, has signed an agency agreement with Abu Dhabi’s Gulf Automation Services and Oilfield Supplies (GASOS).
Proposals for a collaborative joint industry project on hybrid enhanced oil recovery are to be considered by operators in the Middle East next year.