Chinese contractor China Petroleum Engineering and Construction (CPECC) has won a major contract from ADNOC Onshore, the onshore unit of ADNOC, to upscale production of its mature fields.
BP and the Abu Dhabi National Oil Company (ADNOC) have bid to acquire a 50% stake in Israel’s NewMed Energy, an offshore natural gas producer. The proposal, valued at roughly $2 billion, could signify a significant shift in relations between the Middle East and Israel.