Rig activity stood out in several regions in 2022 and there is no reason to expect anything different in 2023, Westwood Energy believes. In 2022, offshore rig activity for both jack-ups and floating rigs was robust in several key regions of the world. Global marketed jack-up utilization increased from 87% …
Read More »UAE Companies Explore Production of Sustainable Aviation Fuel with BP
United Arab Emirates renewable energy company Masdar, state oil firm Abu Dhabi National Oil Company (ADNOC) and oil major BP, reports Reuters. BPL agreed to conduct a joint feasibility study on exploring the production of sustainable aviation fuel (SAF) in the UAE, Masdar said in a statement on Friday. The …
Read More »Adnoc to Invest $15bn in Low Carbon Drive
Adnoc has set out a plan to invest $15 billion into low carbon energy by 2030. The plan covers investments in clean power, carbon capture and storage (CCS), electrification of work and tackling gas flaring. Adnoc head Sultan Ahmed Al Jaber said the company would “fast-track significant investments into landmark …
Read More »UAE to Expand Oil & Gas Production Capacity with $150 Billion Investment
With oil tumbling ahead of the grueling 2023 recession, the last thing OPEC+ and (bullish) oil traders wanted to see is even more supply coming on line, and yet that’s precisely what the core gulf hub is proposing. According to Bloomberg, the United Arab Emirates – which in recent years …
Read More »Adnoc Drilling Plans GCC Expansion as Oil and Gas Activity Increases
Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, is looking to expand into the GCC as drilling activity increases after a surge in crude oil prices, according to the company’s chief executive. Rig activity in the GCC, which includes Bahrain, Kuwait, Qatar and …
Read More »37 French Industrialists to Bring Energy Solutions at Adipec
37 French companies from oil and gas, petrochemical and renewables sector will be gathered in Abu Dhabi from 31 October to 3 November for Adipec, the region’s leading event in the energy sector. This year edition will focus on securing affordable and clean energy systems one year away from the …
Read More »UAE Accelerates Development of Huge Gas Field as High Prices Persist
Continued high gas prices in Europe in the aftermath of Russia’s invasion of Ukraine in February have prompted several major European oil and gas companies to expedite the development of gas projects in the Middle East, with Italian major Eni’s latest announcement regarding the UAE being the latest example. According …
Read More »ADNOC Sends First Low-Carbon Ammonia Cargo to Germany
Abu Dhabi National Oil Company (ADNOC) said that its first shipment of low-carbon ammonia has left the UAE bound for Hamburg, Germany, marking the first ever cargo of low-carbon ammonia to be shipped to the European country. The demonstration cargo will be delivered to Aurubis, a leading global provider of …
Read More »ADNOC Announces Gas Discovery Offshore of Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) announced today the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF) …
Read More »UAE Says Climate Talks should Include Input from Oil & Gas Sector
The COP28 climate summit slated to be held in Abu Dhabi in 2023 should include input from experts and professionals from the oil and gas industry because the world cannot simply unplug from the energy system as it is today, Sultan bin Ahmed Al Jaber, the UAE’s Minister of Industry …
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