ADNOC Drilling has secured a contract from ADNOC Offshore, valued $733 million, to build three island drilling rigs in support of the growing operations at the offshore Zakum field.The rigs will be designed and built as part of a partnership between ADNOC Drilling and Honghua Group (HH)…
France-based tubular solutions supplier Vallourec has signed a two-year contract extension with Abu Dhabi National Oil Company (ADNOC), securing also a new major order for the supply of 27,000 tonnes of tubes.The two-year extension is related to the 2019 contract originally worth $900 million…
German oil and gas company Wintershall Dea has sold its 10% interest in Abu Dhabi's Ghasha Concession to Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) as part of its exit strategy from the United Arab Emirates, ahead of announced business combination with Harbour Energy…
PetroChina International 0857.HK said it has loaded 100,000 barrels of crude oil from the United Arab Emirates' offshore block Belbazem where parent company CNPC has a joint venture with Abu Dhabi National Oil Company (ADNOC).This is the first…
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.Area 4 includes Coral Sul FLNG, in operation since 2022, as well as the prospective Coral North FLNG and Rovuma LNG onshore developments…
The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.Abu Dhabi National Oil Company (ADNOC)…
Esgian reports shifts in demand in its Week 13 Rig Analytics Market Roundup.Report overview:ContractsADES has received a Letter of Intent (LOI) from PTTEP Energy Development Company Limited for an 18-month jackup drilling contract in the Gulf of Thailand…
Abu Dhabi's national oil firm ADNOC has announced the start of crude oil production from its Belbazem offshore block, operated by Al Yasat Petroleum, a joint venture between ADNOC and China National Petroleum Corporation (CNPC).Located 120 kilometers northwest of Abu Dhabi city…
Esgian reports that drilling contracts have been announced this week for operations in Brazil and the Philippines, and new discoveries have been confirmed in the UK and Namibia in its Week 11 Rig Analytics Market Roundup.ContractsCOSL Drilling…
Abu Dhabi National Oil Company's (ADNOC) use of artificial intelligence generated $500 million of additional value last year, it said on Tuesday.The state oil giant said it had already integrated more than 30 AI tools across processes from field operations to corporate decision-making…
Singapore's Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy, sources with knowledge of the matter said…
BP and Abu Dhabi National Oil Company (ADNOC) have made an agreement to form a new joint venture (JV) that will focus initially on development of gas interests in Egypt.The JV (51% BP and 49% ADNOC) will combine the pair’s deep technical capabilities…
The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has taken delivery of ADNOC MD 01, the first in a series of two new dive support vessels.The aluminum catamaran was designed by Canadian naval architects Robert Allan Ltd. and…
Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co (ADNOC) is exploring an acquisition of the German group's energy business, Wintershall Dea. BASF stock was up 1.2% at 0855 GMT, with traders pointing…
Sultan al-Jaber, the United Arab Emirates oil chief executive and leader of COP28 climate talks, has a formidable reputation for earnestly pursuing results.His position as leader of state energy giant ADNOC has alarmed environmental critics…
