Adnoc Review

Abu Dhabi has received strong interest from international firms for participating in its largest oilfields as the emirate braces to commit billions of dollars on an expansion programme that will increase its production capacity UAE’s national oil company Adnoc and its affiliated operating partnerships have disclosed more than $52 billion of investment commitments intended to achieve a government target of raising Abu Dhabi’s oil production capacity to 3.5 million barrels per day (mbpd) by 2017 and further by 2020...






Abu Dhabi’s economy has thrived on the basis of partnerships between the emirate and international investors, including joint ventures in its upstream oil and gas sector THE Abu Dhabi National Oil Company (Adnoc) is to seek international partners for a new joint venture to develop new gas resources in Abu Dhabi, the head of the company’s gas directorate says. Over the next few years, international oil companies will have opportunities to bid to join the venture that...






The project is part of a five-year investment cycle into Abu Dhabi’s oil and gas sector worth $52 billion, about $25 billion of which will be invested into developing gas ABU Dhabi National Oil Company (Adnoc) expects to start production at the Bab sour gasfield in 2020, and could award the lucrative construction tenders as soon as 2015...






Mubadala, a subsidiary of sovereign investor Mubadala Development, has made clear that it would like to get involved in Abu Dhabi’s gas sector, even though its mandate was previously to invest in foreign energy assets MUBADALA Petroleum has moved another step closer to gaining a coveted stake in Abu Dhabi’s upstream sector, which has been off limits to the state entity since its parent company was founded in 2002...






The move means that Abu Dhabi, which had been providing indirect financial assistance to Emarat to bridge its financial losses, will take over the business directly ABU Dhabi National Oil Company for Distribution (Adnoc) has signed an MoU to begin the gradual takeover of oil-retailer Emarat’s 75 petrol stations and its oil terminal at Port Khalid...






Upper Zakum, which was brought onstream less than a decade ago, has about 50 billion barrels of oil THE UAE’s state-owned Adnoc has raised the plateau output capacity target for the offshore Upper Zakum oil field to 1 mbpd from 750,000 bpd, a senior executive of the Adnoc-led consortium operating the field says...






The highest average for an oil company is Statoil’s 50 per cent, according to the Norwegian producer. It made waves when it pushed its target up to 60 per cent ABU Dhabi’s 70 per cent recovery rate for its onshore oilfields will require the capabilities provided by the majors whose production rights are expiring, say industry executives...






The plans address concerns that Abu Dhabi would face a rig shortage at a critical time as North America’s shale industry sucks rigs from the global market ABU Dhabi National Oil Company (Adnoc) plans to more than double its rig fleet by 2018 so it can reach an ambitious pumping capacity target...






ABU Dhabi started drilling this year for unconventional hydrocarbon resources, and the early indications are that the emirate has more oil than gas in the shallower source rock, a senior official from Abu Dhabi National Oil Co (Adnoc) says...






Abu Dhabi-based GMS unveils jackup build programme for worldwide operations GULF Marine Services (GMS), founded in Abu Dhabi in 1977, has built on its strong foundations in the UAE to become the largest builder and operator of self-propelled self-elevating accommodation jackup barges, not just in the Middle East, but also worldwide. The company, which has been providing...






The company’s close working relationship with leading customers in the region has helped it to develop products specifically for use in high ambient temperatures HUGHES Middle East has relocated to a new larger office and warehouse in Sharjah, UAE, to meet the growing demand for the company’s emergency showers and eye/facewash equipment...






A complex project has been successfully completed to upgrade three Honeywell Logic Managers in the Abu Dhabi Polymers (Borouge) polyethylene plant (PE1) in Ruwais, to Honeywell’s FSC Blue system (FSC controllers with Safety Manager I/Os) BOROUGE is a leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Oil Company (Adnoc), one of the world’s major oil and gas companies, and Austria-based Borealis, a leading provider of chemical and innovative plastics solutions, Borouge is...






The Swiss-based instrumentation and automation specialist has strengthened its market presence in the region with the opening of two new offices in Abu Dhabi and in Dubai WITH new sales centres Endress+Hauser will open up further important growth markets in the Middle East and Northern Africa (Mena). In early 2014, the Swiss Group established subsidiaries in the UAE and in Algeria...






Baker Hughes is playing a key role in developing and implementing new technologies and methodologies in the Middle East to enhance recovery in mature assets via unique solutions that reduce the need for a rig and lower overall costs for the operator FOR mature fields in the Middle East, recovering 35 to 37 per cent of oil originally in place is typical for many fields. Improving the recovery factor by a mere one per cent would yield an additional 80 billion barrels of oil equivalent – two to three years of global consumption or six per cent of...






The launch of the facility in Dammam, combined with the extensive stock holding within the country, allows it to offer a one-stop solution for all hydraulic tool requirements HI-FORCE, the UK’s leading manufacturer of hydraulic tools, has announced that it will be opening a new workshop in Dammam, in Saudi Arabia...






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