ADNOC Drilling Acquires 70% of SLB’s Drilling Business in Oman and Kuwait
ADNOC Drilling is acquiring a 70% stake in the drilling business of oilfield services company SLB (formerly Schlumberger) in Oman and Kuwait for approximately $112 million. A joint venture will be established based on these assets. The deal, expected to close in the first quarter of 2026, will give ADNOC …
The Abu Dhabi National Oil Company (ADNOC) Will Collaborate with ExxonMobil to Enhance Recovery at the Upper Zakum Oil Field
The Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates (UAE) and ExxonMobil Corporation of the United States will work jointly to enhance oil recovery at the Upper Zakum offshore oil field, ADNOC announced following the recent visit of U.S. President Donald Trump to the Emirates. The field …
Abu Dhabi National Oil Company ADNOC Has Increased the Production Capacity of the Satah Al Razboot Offshore Field by 25%
Abu Dhabi National Oil Company ADNOC has announced that its Satah Al Razboot offshore field has increased production capacity by 25%, to 140,000 b/d of oil, through the introduction of advanced digital technologies. ADNOC‘s goal is to increase production capacity to 5 million b/d of oil by 2027. The Satah …
Turkmengaz Discussed Development of Galkynysh Field With ADNOC and Hyundai
As reported by the Neutral Turkmenistan newspaper, the parties also discussed a wide range of issues related to the implementation of the third stage of the field development project The management of the state concern Turkmengaz held meetings with representatives of ADNOC (United Arab Emirates) and Hyundai Engineering (Republic of …
ADNOC Began to Use the Artificial intelligence AIQ Robowell on the shelf
The National Oil Company Abu-Dabi Adnoc announced the deployment of Robowell, an innovative solution of artificial intelligence AIQ for autonomous control of wells in its operations at the offshore NASR field. This is the world’s first offshore deployment of Robowell. Robowell uses the AI cloud algorithms for autonomous operation of …
ADNOC Will Buy 10% of Galp’s Shares in the Zone 4 Concession in Mozambique
Abu Dhabi’s national oil company ADNOC has agreed to acquire a 10% stake in Portugal’s Galp Energia’s Zone 4 concession in the gas-rich Rovuma Basin in Mozambique. The Zone 4 concession is located offshore Cabo Delgado Province in northern Mozambique and is managed by Mozambique Rovuma Venture (70%), owned by …
Absheron Production 1Q 2024 Results – 400 Million Cubic Meters of Gas
From the Absheron field in the first quarter. 400 million cubic meters were produced. m. of gas – Ministry of Energy of Azerbaijan The operating company JOCAP (Joint Operating Company of Absheron Petroleum B.V.) produced 400 million cubic meters of gas from the Absheron gas condensate field in the Caspian …
ADNOC And BP Agreed To Create A Gas Joint Venture In Egypt
British energy company BP and Abu Dhabi (UAE) oil and gas company ADNOC have agreed to establish a joint venture (JV) in Egypt, their joint release said. “ADNOC and BP today announce that they have agreed to establish a new joint venture (JV) in Egypt,” the statement said. Initially, the …
ADNOC and Turkmengaz Will Develop the Third Phase at Galkynysh
The national oil company from the UAE – Abu Dhabi National Oil Company (ADNOC) – has agreed with Turkmenistan to participate in the development of the world’s second largest natural gas field. The memorandum of understanding concluded between the companies on the development of the largest gas field in the …
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 …