Oil Production in the UAE Declined by More Than 50%
Oil production in the United Arab Emirates has fallen by more than 50% amid the military conflict in the Middle East and the effective closure of the Strait of Hormuz, Reuters reported on March 16, citing sources. According to the sources, the Abu Dhabi national oil company Abu Dhabi National …
Turkmengaz and The Emirates ADNOC Intend to Work on The Development of The Galkynysh Gas Field
The parties signed a memorandum of understanding on cooperation in the development of this field. Turkmengaz and the Abu Dhabi National Oil Company (ADNOC) signed a memorandum of understanding on cooperation in the development of the largest gas field in Turkmenistan – Galkynysh. The document was signed following the visit …
Shell Leads All Oil and Gas Brands as COVID, Ukraine and ESG Issues Disrupt Global Brand Values
Shell is world’s most valuable brand in oil and gas, valued at US$49.9 billion Aramco retains second place globally with 16% brand value growth ADNOC grows strongly, benefits from top brand guardian CEO in industry China’s PetroChina and Sinopec struggle, behind continuing COVID curtain Petronas is world’s strongest oil and …
Weatherford Awarded Over $1 Billion in Downhole Completion and Liner Hanger Contracts by Abu Dhabi National Oil Company
Weatherford International plc today announced that it was awarded two five-year contracts with Abu Dhabi National Oil Company with a combined value of more than USD 1 billion for downhole completions equipment and liner hanger systems. Girish Saligram, President and Chief Executive Officer, commented, “These drilling-related awards demonstrate our differentiated …
Gazprom Neft and ADNOC Conclude a Framework Agreement on Strategic Cooperation in Oil and Gas
Gazprom Neft and the Abu Dhabi National Oil Company (ADNOC) have entered into a Framework Agreement on Strategic Cooperation. The companies will explore opportunities for implementing joint projects in the upstream and downstream sectors, as well as in information technologies, artificial intelligence, and other areas. Vladislav Baryshnikov, Deputy CEO, International Business Development and a member of …