Natural gas to play pivotal role for next 50 years: Al Jaber tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Natural gas to play pivotal role for next 50 years: Al Jaber tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Natural gas to power UAE's economic growth in next 50 years: Dr. Sultan Al Jaber gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
How Adnoc Drilling is unlocking the UAE's hydrocarbon resources in service of the nation thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Home / Oil & Energy / Oil & Companies News / An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA, says GlobalData An early flurry of final investment decisions kicks off more promising year for upstream oil and gas across EMEA, says GlobalData With delays and COVID-19 restrictions hampering oil and gas project timelines in 2020, 2021 is forecast to see a bump in both field starts and final investment decisions across the Europe, Middle East and Africa (EMEA) region, says GlobalData, a leading data and analytics company. Daniel Rogers, Senior Oil and Gas Analyst at GlobalData, comments: “A strong start to 2021 has resulted in a number of project approvals across EMEA so far, including the giant US$30bn North Field East development in Qatar, which could well be the largest upstream project sanctioned globally this year. 2021 has provided a ray of optimism for the sector so far as 2020 experienced multi-year lows for project starts and a slump in upstream investment, seeing a decline of approximately 30% in global upstream development and production capex”
Adnoc awards Japan’s Cosmo offshore exploration block ABU DHABI, February 11, 2021 The Abu Dhabi National Oil Company (Adnoc) has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings. The award has been approved by Abu Dhabi’s newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA. The award of Offshore Block 4 follows the recent exploration block awards to Occidental as well as a consortium led by Italy’s Eni and Thailand’s PTTEP, highlighting Adnoc’s ability to continually deliver value in Abu Dhabi’s second competitive block bid round and leverage its strategic partnerships to accelerate the exploration and development of Abu Dhabi’s hydrocarbon resources.
Australia’s Ichthys to ship 120 LNG, 60 condensate cargoes in 2021: Inpex Japan’s largest upstream company Inpex said Feb. 10 it plans to keep its LNG and condensate shipments from its operated Ichthys project in Australia at a high level in 2021, with the project shipping around 120 LNG cargoes, 36 offshore condensate cargoes and 24 plant condensate cargoes. The Ichthys project plans to ship 10 LNG cargoes a month in 2021, three cargoes a month of offshore condensate and one or two cargoes a month of plant condensate, an Inpex spokesman told S&P Global Platts. The Ichthys project’s 2021 planned shipments compare against 2020 shipments of 122 LNG cargoes, 34 offshore condensate cargoes, 22 plant condensate cargoes and 34 LPG cargoes, the spokesman said. The spokesman declined to provide 2021 planned LPG shipments from the project.
ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabis Second Competitive Block Bid Round édité le 11/02/2021 - Plus de news de ADNOC - Voir la fiche entreprise de ADNOC The Abu Dhabi National Oil Company (ADNOC) announced, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabis Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japans Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Abu Dhabis newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA.
Cosmo was selected after a very competitive bid round. They bring expertise and understanding of our offshore environment, technology, and market access, said Dr Sultan Al Jaber, group chief executive at Adnoc and minister of industry and advanced technology. The agreement with Cosmo, a longstanding player in Abu Dhabi s oil and gas industry, is built on the strategic bilateral relationship between the UAE and its biggest importer of energy products. Japan first imported oil from the UAE in the early sixties, when crude from the Umm Shaif offshore field was delivered to the country. The world s third-largest economy imports 30 per cent of its crude from the UAE.
UAE: ADNOC awards offshore exploration block to Cosmo in Abu Dhabi’s second competitive block bid round 10 Feb 2021 Cosmo awarded exploration concession for Offshore Block 4 and will invest up to $145 million (AED532 million) during the exploration phase Agreement further strengthens ADNOC’s long-standing partnership with Cosmo as well as the UAE-Japan strategic bilateral relationship The Abu Dhabi National Oil Company (ADNOC) has signed an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings. The award has been approved by Abu Dhabi’s newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA.