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Tuesday, March 26, 2019

Abu Dhabi National Oil Company Adnoc News

Musabbeh Al Kaabi. Photo: Cepsa

Cepsa Appoints Musabbeh Al Kaabi as Chairman

Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting of the Board of Cepsa.This follows the appointment by Mubadala, as sole shareholder, of Saeed Al Mazrouei, Ahmed Saeed Al Calily and Bakheet Al Katheeri as members of the Board for a statutory period of four years.The three new board members, all senior executives of the Mubadala group, have distinguished backgrounds and broad experience and knowledge of the energy sector.Musabbeh Al Kaabi…

 Image: Wood

Wood Secures Major Contracts in Abu Dhabi

Aberdeen-based energy services firm Wood been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).Project management consultancy (PMC) services will be provided for major projects across the company’s onshore fields in Abu Dhabi, aimed at supporting ADNOC’s group-wide production capacity target of 4 million barrels of oil per day by 2020.Creating around 100 new jobs in-country, the five-year contracts…

Photo: Abu Dhabi National Oil Company

Total Wins 40% Stake in Unconventional Gas Concession

Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important milestone to reach the target of 1 Bcfd of unconventional gas production before 2030, said in a press release that it will retain a 60% stake in the concession.Under the terms of the agreement, Total will explore, appraise and develop the concession area’s unconventional gas resources.The agreement…

Image: ADNOC

UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its 2030 smart growth strategy.Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new seismic survey will cover an area of up to 30…

Photo: ADNOC Logistics and Services

ADNOC to Run Ruwais Container Terminal

ADNOC Logistics and Services, the shipping and services arm of the Abu Dhabi National Oil Company (ADNOC), has signed a contract with Borouge, a leading provider of value creating plastics solutions, to handle its Ruwais container terminal operations. The five-year contract, awarded through a competitive bidding process, is the first deal signed between Borouge and ADNOC Logistics and Services as a new integrated entity, following the integration of IRSHAD, ESNAAD and ADNATCO into a single ADNOC operating company.

Image: Abu Dhabi National Oil Company

ADNOC Signs Major Offshore Concession Agreements with Total

The Abu Dhabi National Oil Company (ADNOC) has signed agreements with Total of France, awarding them stakes in two of Abu Dhabi’s new offshore concessions. Under the terms of the agreements, Total has been awarded a 20% interest in the Umm Shaif and Nasr concession and a 5% interest in the Lower Zakum concession. Total is ADNOC’s largest and one of its longest international partners, active in Abu Dhabi’s oil and gas sector since 1939. Today, the French super-major collaborates with ADNOC across the value chain…

Photo: Abu Dhabi Ports

Abu Dhabi Ports Plans Emergency Response Exercise

Abu Dhabi Ports, the master developer, operator and manager of the Emirate's commercial and community ports as well as Khalifa Industrial Zone, in conjunction with Abu Dhabi Emergency, Crisis and Disasters Management Team, is preparing to conduct an “Emergency Response for Maritime Transport Accidents” in Zayed Port on May 17, 2017. The exercise aims to enhance communication and joint planning for emergency response and crisis management with participating entities. Eleven government entities will participate in the exercise…

Grandweld Delivers Vessel to ADNOC

United Arab Emirates leading shipyard Grandweld has delivered a dive maintenance and support vessel TAWAM1 to Abu Dhabi National Oil Company (ADNOC). Grandweld took the newbuild project from conception to completion, designing and building the 50-meter long vessel with a 65-ton bollard pull capability, after signing a contract in December 2013 with -ADNOC. TAWAM1 will be operated by ADNOC’s group company, Abu Dhabi Petroleum Ports Operating Company (IRSHAD). Among its specifications…

Seabed acquisition using multicomponent technology provides the ability to generate and interpret a true converted wave image.

Seabed Geosolutions Bags Two Contracts

Seabed Geosolutions will soon mobilise for the variation order that was signed today by Abu Dhabi National Oil Company (ADNOC) with CGG to conduct a shallow water seabed survey. The survey is over the Ghasha-Butini field, will take around 12 months and has a value of around USD 125 million. The recent successful completion of the Hail-Shuweihat survey has promoted this variation order, confirming ADNOC’s confidence in Seabed Geosolutions’ ability to operate safely and efficiently.

Image: Aeron AS

Abu Dhabi to Invest $25 Billion Offshore to 2020

Abu Dhabi National Oil Company (ADNOC) plans to invest around US$25bn over the next five years in a bid to boost oil production from offshore fields. The investment is part of the UAE's strategy to increase its crude oil output potential from its current production of 2.8 million barrels per day (bpd) to 3.5 million bpd by 2017-18, Reuters reported. ADNOC’s offshore exploration and production directorate manager Qasem al-Kayoumi said that ADNOC plans to drill 160 wells per year over the next couple of years.

China Secures Abu Dhabi Oil Field Deal

China National Petroleum Corporation (CNPC) has secured the rights to produce and export oil from Abu Dhabi, helping China secure more fuel for its rapid economic growth. State-run CNPC has expanded over the past decade to over 30 countries around the globe to help secure supplies of the oil and gas that China needs to sustain its economic growth. Under the latest deal granted by the president of the United Arab Emirates (UAE), China's biggest energy company will help develop several onshore and offshore fields in Abu Dhabi and take a share of any oil produced, UAE state news agency WAM said.