The UAE’s ADNOC Gas has signed an agreement under which it will supply LNG to energy trading company JERA Global Markets for a period of three years, ADNOC Gas announced on Monday.
The United Arab Emirates, a key member of OPEC+, will reduce oil shipments early next year as the alliance seeks stronger discipline in meeting production targets to shore up prices.
ADNOC reached a FID on the project in June 2024, concurrently awarding USD 5.5 billion in EPC contracts to a joint venture of Technip Energies with JCG Corporation and NMDC Energy.
In a significant move to boost the United Arab Emirates’ unconventional oil and gas sector, SLB (NYSE: SLB) has announced the formation of a new joint venture, Turnwell Industries LLC OPC (Turnwell), in partnership with ADNOC Drilling Company and Patterson-UTI.
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