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Showing posts with the label Adnoc

Thank God for the Completion and Good Ending

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  In the journey of life, each chapter presents its unique challenges, obstacles, and rewards. There are moments when we find ourselves overwhelmed, questioning whether we will ever reach the finish line. However, just like the narrative arcs of our favorite stories, there’s something deeply satisfying about a well-executed conclusion—one that feels both rewarding and fulfilling. Whether it's a personal goal, a professional project, or even a cherished movie or book, the feeling of completion is something we all strive for. It brings a sense of peace, knowing that despite the ups and downs, there was a purpose behind every step we took. And when the ending is good, it makes all the struggles worthwhile. The Importance of Completion In a world that moves at such a rapid pace, we often rush through tasks and events, focusing on the next big thing before we’ve even processed the current one. Yet, completing something gives us the chance to reflect. We can look back and appreciate the ...
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ADNOC Drilling Company has been awarded, by ADNOC, a $1.7 billion contract

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  ADNOC Drilling has signed a term sheet to enter into a strategic partnership with Schlumberger Middle East SA (SLB) and Patterson-UTI International Holdings, Inc. (Patterson-UTI) subject to signing definitive agreements and any necessary regulatory approvals. The new company will be primarily engaged in unconventional drilling operations.   Our goal at ADNOC is to provide the energy and energy products that people depend on every day to power their lives and ensure a just, orderly and equitable energy transition. This award will accelerate the development of Abu Dhabi's world-class resources to meet the world's growing demand for affordable, accessible energy.  Abdulmunim Saif Al Kindy, ADNOC Upstream Executive Director and Vice Chairman of ADNOC Drilling said  
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ADNOC's Vision of a Sustainable Future: Growth, Decarbonization, and Economic Impact

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  The UAE President Sheikh Mohamed bin Zayed Al Nahyan presided over a historic annual meeting of the ADNOC Board of Directors, which emphasized the country's commitment to a sustainable and integrated energy future. Under the visionary leadership of Sheikh Mohamed bin Zayed, ADNOC is forging a route for growth, decarbonization, and significant contributions to the UAE economy. Sheikh Mohamed bin Zayed directed ADNOC to diversify its portfolio by providing secure, dependable, and responsible energy to support a fair and equitable global energy transition. Through investments in Masdar, the company is increasing its renewable energy capacity, on track to meet its intermediate targets of 25% reduction in greenhouse gas intensity and near-zero methane emissions by 2030.  The board recognized ADNOC 's record-breaking IPOs and first overseas investments in 2023, underlining the need to focus transformational development, collaborations, and global prospects. Notably, ADNOC's a...
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ADNOC-BP Acquisition of NewMed Energy Marks a Major Breakthrough for UAE-Israel Bilateral Relations

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  For the bilateral ties between the UAE and Israel, the recent announcement of the ADNOC-BP cooperation to purchase Israel's NewMed Energy in a $2 billion agreement represents a significant development. The Abraham Accords between the two countries, which were signed in 2020, are the reason behind this action, which is ADNOC's first foray into the eastern Mediterranean.  The Abraham Accords have created new opportunities for collaboration and economic development between Israel and the UAE. An outstanding illustration of how this collaboration may lead to tangible outcomes and promote innovation in the energy industry is the ADNOC-BP acquisition of NewMed Energy.  Both Israel's NewMed Energy and ADNOC are making a strategic move with this agreement. It gives ADNOC with a chance to increase its presence in the area and open up new markets for development and investment. It offers NewMed Energy a platform to take advantage of the knowledge and technology of the UAE to spu...
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ADNOC signs MoU with Currenta GmbH & Co. OHG and North Rhine-Westphalia government to promote low-carbon energy solutions

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  The North Rhine-Westphalia government, Currenta GmbH & Co., and the Abu Dhabi National Oil Company (ADNOC) have signed a Memorandum of Understanding (MoU) to encourage low-carbon energy alternatives. German company OHG that offers services to the chemical sector. The MoU aims to concentrate on low-carbon ammonia production and transportation, which will be used as a fuel in energy production.  As per the agreement, ADNOC and Currenta will collaborate to create and test low-carbon ammonia as a fuel for electricity production. At Currenta's facility in Dormagen, Germany , one of the biggest chemical facilities in Europe, the fuel will be tested on an industrial scale as part of the project. The studies will determine whether low-carbon ammonia works well as a fuel for manufacturing and generating electricity. They will also help identify potential obstacles and growth prospects for the technology.  ADNOC is dedicated to lessening the negative effects of its activitie...
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Adnoc Drilling to buy offshore jack-up rigs

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    Adnoc Drilling , which is majority owned by Adnoc, owned 108 rigs at the end of September. The company was   listed   on the ADX in October last year and has   rapidly expanded operations   in recent months. It has won contracts worth $8.85 billion this year and plans to acquire dozens of rigs by 2025 to support Adnoc's oil-production capacity target of 5 million barrels per day by 2027.  Adnoc Drilling has provided integrated drilling services to Adnoc Onshore and Offshore since 2019. The company’s highly competitive position, integrated capabilities and technical expertise have helped to increase the efficiency of Adnoc’s drilling operations.
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