Page 43 - Adnoc News Today

Intercontinental Exchange Inc will launch ICE Futures Abu Dhabi (IFAD) and trade in Murban futures contracts this month.

The removal of destination restrictions will bring "additional value" to customers and to Adnoc, Mr Salmeen said. The company also published its first Murban Export Availability report on its onshore subsidiarys website. The report will allow market participants to have an insight into available volumes for 12 months. "Thats an extremely important step because [what] it does [is to] give everybody a clear, similar visibility, around the export availability of Murban to the international market,...

Mar 2, 2021 4:10:pm Summary We need oil and gas for years to come so we must deal with the problem, the US company CEO told CeraWeek. by: William Powell The oil and gas company of the future will also be a carbon management company, the CEO of US producer Occidental Petroleum Vicky Hollub told the CeraWeek online conference March 2. She said the world did not want to eliminate fossil fuels, but only the carbon that is emitted in its... Posted in:

The April volume cut is smaller than the 10%-15% reduction in ADNOCs March crude supply for term buyers.

Its production capacity rose to just over 4 million bpd last year. Adnoc would require "thousands" of new and workover wells to reach the 5 million bpd capacity mark, Mr Al Mazrouei said. The company also plans to switch 50 per cent of its wells under an integrated drilling services umbrella by 2022, he said. Services, equipment and even material procurement are consolidated in one contract under this type of arrangement. Adnoc has been looking to drive greater efficiencies in drilling through ...

The de facto ruler of Abu Dhabi, the richest oil emirate in the United Arab Emirates (UAE), became the chairman of the newly-formed board of directors at state oil firm Abu Dhabi National Oil Company (ADNOC)

Abu Dhabi’s de facto ruler cements control over oil firm Adnoc Premium Adnoc pumps almost all the oil and gas in the United Arab Emirates, the third-biggest crude producer in OPEC. (AP) . Updated: 01 Mar 2021, 11:06 AM IST Bloomberg The crown prince also appointed one of his sons, Khaled bin Mohamed bin Zayed, as chairman of a smaller six-member executive board at Abu Dhabi National Oil Co. Share Via Read Full Story Abu Dhabi’s de facto ruler, Crown Prince Mohammed Bin Zayed, has cemente...

SHARE Abu Dhabi National Oil Company plans to accelerate the deployment of digital technology to increase its production capacity to 5 million barrels per day by 2030, as it looks to generate cost efficiencies and cut emissions. "Our target is basically to increase production capacity by 25 per cent by 2030, increase ultimate recovery from our reservoirs to 70 per cent and significantly lower unit technical cost from our industry leading low base," Mohamed Al Marzouqi, senior vice president, de...

Adnoc’s Thamama Centre generates $1.1b in business since 2017 Wam/Dubai Filed on February 22, 2021 Thamama drives innovation across Adnoc’s upstream projects, optimises development costs and enhances value from all producing onshore and offshore fields in Abu Dhabi. — Wam Thamama is a key part of Adnoc’s ongoing strategic investments in advanced technology, digitalisation and AI to drive greater efficiencies. The Abu Dhabi National Oil Company (Adnoc) announced on Monday that i...

Adnoc has been building in-house capabilities for data gathering and reporting since opening the Panorama Digital Command Centre. Data gathering, modelling tools and predictive maintenance machine learning technology allow the company to avoid service disruptions and respond swiftly to market dynamics – which have been critical in 2020. "Panorama basically changed the game for how Adnoc leverages big data and artificial intelligence to guide our decision-making. Before Panorama, our data was ...