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ADNOC Drilling to expand rig network, operations across Middle East

All but one of the firm’s operational rigs are currently deployed in Abu Dhabi, with most serving its parent company. However, by the end of 2024, the company will have enough rigs to deploy outside of the United Arab Emirates too, Salem said. It will spend $750-950 million to acquire 15 rigs this year. ....

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ADNOC CEO: Global Energy Demand Growth Is Unsustainable

According to ADNOC CEO Al-Jaber, it is unlikely that global carbon reduction targets can be met unless the world cuts energy demand. ....

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The New BP-ADNOC Venture Signals A Western Fight Back Over Global Gas Assets

A joint venture between BP and the UAE’s ADNOC looks like it might be step towards some sort of positive working arrangement between the U.S. and its allies on the one side and one of the most important Arab states on the other side ....

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ADNOC, bp form Egyptian natural gas joint venture

Bp will contribute its interests in three development concessions, as well as exploration projects in Egypt to the venture, according to a statement. ADNOC will provide cash to help fund future growth opportunities, the company said, without providing a value. ....

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ADNOC and bp to form gas joint venture

ADNOC and bp to form gas joint venture
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