2018 Press Releases

ADNOC Adds Germany’s Wintershall to the Ghasha Ultra-Sour Gas Concession

The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega-project with a 10 percent stake. The Ghasha concession consists of the Hail, Ghasha, Dalma and other offshore sour gas fields, including Nasr, SARB and Mubarraz. Wintershall will contribute 10 percent of the project capital and operational development expenses.

ADNOC Updates Global Energy Leaders on its New Integrated Gas Strategy and Downstream Growth Plans

The Abu Dhabi National Oil Company (ADNOC) hosted, a Gas, Refining and Petrochemicals Forum during the 2018 edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), presenting details of its recently announced gas strategy and its plans to further develop its refining and petrochemicals’ resources and create new downstream growth opportunities.

ADNOC to Extend Long-Term Gas Supply Agreement for LNG Production

The Abu Dhabi National Oil Company (ADNOC) has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui, BP and Total. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire on March 31, 2019.

ADNOC and Mubadala to Jointly Explore Global Investment and Growth Opportunities as ADNOC Expands its Downstream Footprint

The Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala), today, signed a framework agreement to explore together potential global growth opportunities that build on Mubadala’s diverse portfolio of refining and petrochemicals assets and support ADNOC’s international Downstream investment ambitions.

Expanded Programme at World’s Largest Oil and Gas Downstream Conference

Speakers include senior decision makers from the UAE – representing the downstream operations of ADNOC and Mubadala – other GCC producers, as well as from IOC’s including TOTAL, CEPSA, BP, and NOCs from outside the region, including from Malaysia and Nigeria. Petrochemicals are represented by companies including Borouge and Borealis, while experts from leading technology companies will lead a global discussion on digitalisation.

Abu Dhabi Expands Programme for World’s Largest Oil and Gas Technical Conference

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), already the world’s largest for oil and gas professionals, has seen a significant increase in scope for its 2018 edition as the industry adapts to rapid change and embraces the power of emerging technology. An expanded programme has included sessions on the practical aspects of digitalisation, such as the use of artificial intelligence in the oil and gas sector, as well as additional sessions for specialised areas such as drilling and completion technology, and field development.

ADIPEC 2018 Roundtables Drive Strategic Thought Leadership for Global Oil and Gas Industry

Three closed-door roundtables, open only to an invited group of the most influential oil and gas decision-makers, are further enhancing Abu Dhabi International Petroleum Exhibition and Conference’s (ADIPEC’s) leading role in setting a shared strategic vision for the global industry.

Zakher Marine International Inc. Group (ZMI) Concludes First of its Kind Regional Acquisition and Financing in the Offshore Marine Sector

Abu Dhabi-based Zakher Marine International Inc. group (ZMI) recently announced the conclusion of a first-of-its-kind financing in the shipping industry worth US $125 million. It is the first China Export and Credit Insurance Corporation, aka, Sinosure supported transaction in the region for a private company in the offshore oil and gas support services sector.

ADNOC signs First Hail, Ghasha and Dalma Ultra-Sour Gas Concession with Italy’s Eni

The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multinational oil and gas company, ENI, awarding it a 25 percent stake in its offshore ultra-sour gas mega project. The Ghasha Concession consists of the Hail, Ghasha, Dalma and other offshore fields. Eni will contribute 25% of the development cost of the multi-billion US dollar project.

ADNOC Hosts Global Industry and Technology Leaders to Explore the Application of Artificial Intelligence to Unlock New Value from Oil and Gas Resources

The Abu Dhabi National Oil Company (ADNOC) hosted, senior oil, gas and technology leaders at the inaugural ADNOC Artificial Intelligence (AI) Forum. The event was held at ADNOC’s HQ, in its state-of-the Panorama Digital Command Center, to discuss radical industry shifts, the rise of AI and how, collectively, the industry can accelerate AI advancement to unlock new value from oil and gas resources.

Innovative Finance Models Needed to Ensure a ‘Balanced and Stable’ Oil Market

Ali and Sons Marine Engineering and Tozzi have signed a JV agreement

Ali and Sons Marine Engineering and Tozzi have signed a JV agreement in the UAE. The agreement aims at combining the local resources of Ali and Sons Marine Engineering and the experience and capabilities of Tozzi in the field of Oil and Gas.

ADNOC CEO Says Oil and Gas Industry a Critical Enabler of Economic Growth in 4th Industrial Age in ADIPEC Keynote Address

Delivering the opening keynote address, at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), one of the world’s leading oil and gas conferences and exhibitions, H.E. Dr. Al Jaber said the world is on the verge of an era of unprecedented prosperity. This will be driven, he said, by rapid advances in technology and a global middle class, which will grow to five billion people by 2030, creating greater demand for energy and products derived from oil and gas.

ADNOC and Saudi Aramco Sign Framework Agreement on Strategic Natural Gas and LNG Cooperation

The Abu Dhabi National Oil Company (ADNOC) signed, a framework agreement with Saudi Aramco (Aramco) to explore potential opportunities for collaboration in the natural gas and Liquefied Natural Gas (LNG) sectors.

Global Oil, Gas and Petrochemical Leaders Discuss Evolving Energy Landscape and Opportunities Created by the 4th Industrial Age

Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi, for a high-level industry forum focused on the evolving dynamics of the energy landscape and the opportunities for hydrocarbon produced energy to support global growth, today, and in the future.

Submissions Open for Oil and Gas Industry’s Prestigious ADIPEC Awards 2018 Edition

Entries for the oil and gas industry’s prestigious ADIPEC 2018 Awards are now open, with six categories focused on issues crucial to the progress and resilience of the hydrocarbons sector.

Energy CEOs Embrace Digitalisation as New Technology Transforms Global Oil and Gas Industry

Digitalisation is the number-one trend driving CEO decision-making in the global oil and gas sector. According to recent research by international consulting firm, McKinsey, a range of interconnected emerging technologies have the power to unlock a potential USD 50 billion in savings and increased profit. Encompassing fields such as artificial intelligence (AI), blockchain, robotics, sensor technology, machine learning, deep learning, and edge computing, digitalisation is expected to cut capital expenditure by 20 percent, with operating costs in upstream cut 3-5 percent and 1-3 percent in downstream.