The surveying project was started by ADNOC in 2018 and, in what has become one of the world’s largest continuous seismic surveys, it has come to cover 85,000 square kilometres across onshore and offshore areas in Abu Dhabi.
Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in future demand for their crude in the petrochemicals sector.
Oilfield services company Enersol, a joint venture between ADNOC Drilling and UAE-listed investment company Alpha Dhabi Holding, has agreed to acquire a 95% equity stake in US drilling specialist Deep Well Services (DWS) for approximately USD 223 million, ADNOC Drilling announced on Monday.
Abu Dhabi’s national oil company ADNOC is expected to soon make a formal offer to buy Germany’s chemicals giant Covestro for $15.9 billion (14.4 billion euros) including debt, the Financial Times reported on Wednesday, citing sources with knowledge of the plan.
Abu Dhabi’s ADNOC has signed a long-term deal for the 1-million-tonne-per-year supply of LNG to Indian Oil, the emirate’s Media Office said on Monday.
ADNOC Drilling has been awarded a contract by ADNOC Offshore to supply three island rigs for deployment in the offshore Zakum oilfield in Abu Dhabi, the drilling contractor announced on Wednesday.
Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.
UK-headquartered oil and gas giant BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices. However, Britain’s oil major still raked in a multimillion-dollar profit in the first quarter of 2024 while upping its oil production ante.
ADNOC increased its oil production capacity to 4.85 million bpd ahead of the next OPEC meeting.
The country’s stated aim is to reach 5 million bpd capacity by 2027.
OPEC’s current production cuts are set to run through the end of June, but the group may decide to extend those cuts at its next meeting.
The Director of the Media Office at the Tripoli based Libyan Ministry of Oil and Gas, Ahmed Al-Tarhouni, told Libya Herald, that talk of the National Oil Corporation’s (NOC) intention to contract with a coalition of Eni / Adnoc /Total and grant them a 40 percent share of production is a legal violation that should be alerted to.