ADNOC Drilling has received letters of award from Kuwait Oil Co. (KOC) for two high-specification offshore jackup rigs, with a combined maximum value of about $313.6 million (KWD 96.6 million). The awards, approved by Kuwait Petroleum Corp.’s Higher Procurement Committee, mark ADNOC Drilling’s entry into offshore Kuwait and its first offshore rig operations outside the […]
ADNOC today announced at ADIPEC that it has taken final investment decision (FID) for the Ruwais Diyab Unconventional Gas Development in Abu Dhabi, advancing its integrated global gas growth strategy and unlocking a new source of reliable energy for the domestic and international markets. The project will deliver 345 million standard cubic feet per day […]
Vitol has strengthened its presence in the Iraqi oil market by purchasing at least 25 million barrels of crude in September 2026, a move reflecting how major oil traders are capitalizing on supply disruptions in the Gulf region. The Swiss-based Dutch multinational energy and commodity trading company is leveraging its shipping and logistics capabilities to […]
Abu Dhabi’s XRG is exploring the acquisition of a stake in the Shell Plc-led LNG Canada export project, as the state-owned group pursues plans to become a major global supplier of natural gas, people familiar with the matter said.
Abu Dhabi National Oil Co. appears to be continuing to load liquefied natural gas onto tankers in the Persian Gulf, according to satellite images, despite ongoing disruptions to energy flows through the Strait of Hormuz and a recent escalation of hostilities in the waterway.
ADNOC has awarded McDermott an engineering, procurement, construction and installation (EPCI) contract valued at more than $1 billion for an offshore pressure boosting facility at the Umm Shaif field in Abu Dhabi.
Adnoc Gas was behind two of the largest entries on Upstream’s compilation of contract awards this week, with the Abu Dhabi giant’s final investment decision on the second and third phases of its Rich Gas Development (RGD) project yielding contracts worth up to $8.2 billion.
XRG is making one of the most significant new foreign investments yet aimed at unlocking Venezuela’s vast offshore natural gas resources for international markets, taking a stake in the 4 Tcf-plus Loran field as the country looks to establish a more direct path for its gas into the global LNG trade.
ADNOC and SLB have deployed an artificial intelligence-enabled drilling platform across more than 120 onshore and offshore drilling rigs, expanding the use of real-time operational intelligence to improve drilling efficiency and reduce downtime across one of the industry’s largest rig fleets.
ADNOC has approved a $6.2 billion (AED22.6 billion) final investment decision (FID) for the Umm Shaif Gas Cap development offshore Abu Dhabi, advancing a major natural gas project expected to deliver more than 600 MMscfd of natural gas and associated gas liquids by 2030. The project, located within the Umm Shaif and Nasr offshore concession, will be developed by ADNOC Offshore, […]