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 […]
Sharjah National Oil Corporation (SNOC) has completed the first phase of development at the Hadiba gas and condensate field in the United Arab Emirates, advancing plans to more than double current gas production and support Sharjah’s long-term energy supply. Discovered in May 2024 northeast of the Sajaa gas field, Hadiba reached first gas in less […]
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 National Oil Co., the UAE’s state oil company, said it would change how it prices its crude oil grades, months after wild swings in the benchmark it has been using to underpin its sales.
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, […]
The UAE’s biggest oil company is proposing a new pricing methodology for the sale of crude supplies to term customers, said people with direct knowledge of the matter, opting for an approach that’s more aligned with wider regional trading norms. Abu Dhabi National Oil Co.’s crude-marketing team has spoken with refiners and traders about the […]
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year’s shut-ins due to the Iran war and the closed Strait of Hormuz.
ADNOC has deployed an autonomous heavy-duty inspection robot at its Taweelah Gas Compression Plant in the UAE as part of a broader push to expand artificial intelligence, robotics and automated safety systems across operations. Developed by Taurob, the robot is designed to conduct inspections in hazardous industrial environments while reducing personnel exposure to operational risks. According […]
Nigeria should market its crude oil to new buyers as the UAE’s decision to leave OPEC is dislocating the balance that the cartel and the OPEC+ group have been seeking for years, according to Wole Ogunsanya, chairman of the Petroleum Technology Association of Nigeria (PETAN). The official urged Nigeria’s state oil and gas firm NNPC […]
After quitting OPEC and OPEC+, the United Arab Emirates (UAE) is set to grow its oil production faster when the current Hormuz crisis is over, according to analysts at Barclays