Enersol RSC LTD, the joint venture of ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC, has agreed to acquire a 51 percent equity stake in NTS AMEGA for a consideration of approximately $58 million, excluding transaction fees, expenses and completion adjustments.
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.
PTT Exploration and Production, Thailand’s national upstream company, has acquired the 10% participating interest held by German independent Wintershall Dea in the UAE’s Ghasha Concession, the companies announced on Tuesday.
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.
Saudi Arabia’s Aramco is one of 50 oil and gas companies pledging to stop adding to planet-warming gases by 2050
A recent investigation by the Centre for Climate Reporting and Channel 4 News showed Saudi officials saying they were trying to artificially increase oil demand in some markets
Ghana on Thursday, kickstarted preparations towards its participation in the 28th Conference of Parties to the United Nations Climate Change Conference (COP28), to be held from November 30 to December 12, 2023, at the Expo City, Dubai.
UAE oil giant ADNOC — run by the president of the COP28 climate conference — is expected to spend more than $1 billion every month this decade on fossil fuels, according to new analysis by international NGO Global Witness.
The United Arab Emirates has announced that it will not join Saudi Arabia in making voluntary oil production cuts, claiming that the cuts by the Saudis are enough to balance the markets.
ADNOC Gas has signed a USD 1.34-billion contract with Petrofac and its partners for expansion of its pipeline network in the UAE, the Emirati state-owned gas entity announced on Monday.