Abu Dhabi News


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…

Fugro Gets Dogger Bank South Offshore Wind Survey Job

Apr 26, 2024

RWE and Masdar (Abu Dhabi Future Energy Company) have appointed Fugro to conduct geotechnical seabed survey on 3 GW Dogger Bank South offshore wind farm.The findings will give a detailed and accurate picture of the ground conditions, which will…

ADNOC Recently Eyed BP as Takeover Target

Apr 11, 2024

The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.Abu Dhabi National Oil Company (ADNOC)…

Esgian Week 14 Report: Major Jackup Contract Suspensions

Apr 07, 2024

Esgian reports various drilling contractors disclosing details of discussions with Saudi Aramco regarding jackup contract suspensions in its Week 14 Rig Analytics Market Roundup. These contractors include Shelf Drilling, ADES, Borr Drilling…

Current News

Brownfield Output Decline Accelerates, says IEA

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Hanwha Ocean Enlists ABB for Singapore’s First Floating LNG Terminal

Aquaterra Energy Nets Subsea Analysis Contracts with INPEX off Indonesia

POSH Set to Tow Nguya FLNG from China to Eni’s Congo Field

Chinese Contractor Secures Offshore Oil and Gas ‘Mega Deal’ from QatarEnergy

DOF Secures Moorings Hook-Up Job in Asia Pacific

Saipem Bags $1.5B Contract for Türkiye Largest Offshore Gas Field

Floating Offshore Wind Test Center Planned for Japan

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

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