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Abu Dhabi News

 

Shell's Bet on Gas Boom Takes Shape with String of Deals

Jul 12, 2024

Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.The new projects…

Shell, BP, Mitsui, TotalEnergies Each Take 10% Share of ADNOC’s Ruwais LNG Scheme

Jul 10, 2024

Shell, BP, Mitsui and TotalEnergies have agreed to each take a 10% participating interest in the Abu Dhabi National Oil Company’s (ADNOC) Ruwais liquefied natural gas (LNG) project in the United Arab Emirates.The Ruwais LNG project will consist of two 4…

MODU Market Shrugs Off Contract Suspensions

Jul 07, 2024

The Middle East Gulf offshore market continues to exhibit strong growth in contract awards, even as it adjusts to the decision by Saudi NOC Aramco to suspend contracts for over 20 jack-up rigs.The Gulf region continues to contribute strongly to contract volumes in 2024…

ADNOC's Ruwais LNG to Earmark 40% Stake to Shell, Total, BP, and Mitsui

Jul 05, 2024

Abu Dhabi National Oil Company (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors Shell, TotalEnergies, BP, and Japan's Mitsui, sources told Reuters.The four companies are expected to get…

Aramco Denies Media Reports of Potential Offer for Santos

Jul 05, 2024

Saudi Aramco said in an emailed statement on Thursday that media reports saying it was considering an offer for Santos are inaccurate.Bloomberg News on Wednesday reported that Saudi Aramco and Abu Dhabi National Oil Company have been separately considering bids for Australian gas producer Santos…

Aramco, ADNOC Reportedly Weighing Bids for Australia's Santos, but Analysts Skeptical

Jul 04, 2024

Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have been separately considering bids for Santos, Bloomberg News reported, sending shares of the Australian gas producer up 6.5% on Thursday.Both Saudi Aramco and ADNOC have been conducting…

ADNOC Drilling Secures $733M Order for Three Island Rigs for Zakum Offshore Field Ops

Jul 03, 2024

ADNOC Drilling has secured a contract from ADNOC Offshore, valued $733 million, to build three island drilling rigs in support of the growing operations at the offshore Zakum field.The rigs will be designed and built as part of a partnership between ADNOC Drilling and Honghua Group (HH)…

Carlyle Creates New Med Oil and Gas Company with $945M Energean Deal

Jun 21, 2024

Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million, the companies said on Thursday…

Vallourec Agrees Contract Extension and New Order with ADNOC

Jun 20, 2024

France-based tubular solutions supplier Vallourec has signed a two-year contract extension with Abu Dhabi National Oil Company (ADNOC), securing also a new major order for the supply of 27,000 tonnes of tubes.The two-year extension is related to the 2019 contract originally worth $900 million…

Masdar Signs Multi-Billion Dollar Deal to Acquire Greece’s Terna Energy

Jun 20, 2024

Abu Dhabi Future Energy Company (Masdar) has reached a definitive agreement with GEK TERNA and other shareholders to acquire Greece’s Terna Energy in a $3.44 billion (€3.2 billion) deal, representing one of Europe’s biggest renewable energy transactions in 2024…

PTTEP Buys Wintershall Dea's Share in Abu Dhabi’s Ghasha Concession

Jun 13, 2024

German oil and gas company Wintershall Dea has sold its 10% interest in Abu Dhabi's Ghasha Concession to Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) as part of its exit strategy from the United Arab Emirates, ahead of announced business combination with Harbour Energy…

Esgian Week 22 Report: A Shrinking Pool of Vintage Semisubs

Jun 02, 2024

Esgian provides an update on rig sales and the shrinking pool of vintage semisubs in its Week 22 Rig Analytics Market Roundup.Report SummaryContractsNoble Corporation has secured a new well intervention contract with Harbour Energy in UK waters of the North Sea for the 350-ft jackup Noble Resilient…

PetroChina Loads First Crude from UAE's Belbazem Field

May 29, 2024

PetroChina International 0857.HK said it has loaded 100,000 barrels of crude oil from the United Arab Emirates' offshore block Belbazem where parent company CNPC has a joint venture with Abu Dhabi National Oil Company (ADNOC).This is the first…

Galp Sells Its Upstream Assets in Mozambique to ADNOC

May 22, 2024

Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.Area 4 includes Coral Sul FLNG, in operation since 2022, as well as the prospective Coral North FLNG and Rovuma LNG onshore developments…

First Turbine Stands Tall at Iberdrola’s 476MW Offshore Wind Farm

May 09, 2024

The first of a total of 50 wind turbines has been installed at the 476 MW Baltic Eagle offshore wind farm, a joint venture between Iberdrola and Abu Dhabi Future Energy Company (Masdar), located off the German Baltic coast.Working in partnership with Vestas…

Current News

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

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