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While OPEC’s third-largest producer will still reduce supply to Asia in January, the curbs won’t be as deep as this month in percentage terms. View the full article
ADNOC Gas is using advanced 3D printing technology to manufacture critical replacement components, aiming to save $50 million by 2028. The company has created one of the largest digital libraries in the energy industry, storing over 3,500 scanned components that can be printed on demand. View the full article
ADNOC Drilling will acquire eight FlexRig land rigs from HandP for $86.5 million, after which HandP will make a $100 million cornerstone investment into ADNOC Drilling’s recently announced initial public offering. View the full article
Vallourec will continue to supply the complete range of tubes and connections for both conventional and complex applications on onshore and offshore oil and gas fields. View the full article
The Crown Prince of Abu Dhabi has endorsed his state-owned energy company, Abu Dhabi National Oil Company (ADNOC), endorsed the company's innovative Artificial Intelligence and Digital Technology (AIDT) strategy, ENERGYai. View the full article
ADNOC Drilling Company announced its financial results for the half year and second quarter ending June 30, which show its net profit for the first half significantly grew by 34% to $379 million. View the full article
ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC’s joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC for approximately $270 million, making Enersol the majority equity holder. View the full article
Inclusion in MSCI indexes provides greater visibility among global investors and increases the credibility of the stock in financial markets. Inclusion of the ADNOC Drilling stock is expected to boost liquidity, given the expected passive inflows as well as potential appetite from active institutional investors tracking MSCI indexes. View the full article
ADNOC Drilling Company announced today the creation of the Turnwell joint venture with SLB and PattersonUTI and the acceleration of its 144 unconventional oil and gas well program, following the successful and efficient delivery of the first wells in the campaign. View the full article
The three new island rigs will operate on existing and newly constructed innovative artificial islands at the offshore Zakum field for drilling and completion of wells. The rigs, which will be constructed by Honghua Group (HH), will incorporate industry leading technology and automation. Delivery of the rigs and commencement of operations is expected during 2026. View the full article
ADNOC Drilling secured $2 billion wroth of contracts from state-owned Abu Dhabi National Oil Company for its Ghasha offshore mega gas project, which ADNOC says is the world’s largest sour gas development. View the full article
ADNOC Drilling Company and Helmerich and Payne, Inc. jointly announced the finalization of the Rig Enablement Framework Agreement, streamlining ADNOC Drilling’s operations, reducing costs and building shareholder value. View the full article
ADNOC Drilling Company signed a sale and purchase agreement to acquire an additional premium offshore jack-up drilling unit (rig) for $70 million. View the full article
ADNOC Drilling’s second quarter and first half 2024 revenue increased to $935 million and more than $1.8 billion, up year-on-year by 29% and 26%, respectively. This growth has been driven by the expansion of operations across all business segments. View the full article
ADNOC Drilling Company announced it has signed a sale and purchase agreement to acquire an additional two premium offshore jack-up drilling units. View the full article
Abu Dhabi National Oil Company (ADNOC) announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni. View the full article
RoboWell uses cloud-based AI algorithms to autonomously operate wells that self-adjust according to changing conditions. This enhances the safe operation of the well, improves efficiency, reduces the need for travel and physical interventions, and so minimizes emissions. View the full article
Speaking at the Energy Intelligence Forum, ADNOC CEO H.E. Dr. Al Jaber said market sentiment does not reflect the real underlying fundamentals, tight spare capacity and long-term demand growth. View the full article
Baker Hughes has been awarded two contracts from ADNOC this week for equipment and services across multiple upstream fields and projects in the United Arab Emirates. View the full article
ADNOC awarded a $744 million contract to China's CNPC for the full field development of the Belbazem Offshore Block, underscoring ADNOC's drive to unlock and maximize value from all of Abu Dhabi’s fields as it expands its oil production capacity to 5 MMBPD by 2030. View the full article
Abu Dhabi National Oil Company announced the award of five framework agreements totaling $1.83 billion for Directional Drilling and Logging While Drilling. View the full article
The Abu Dhabi National Oil Company (ADNOC) announced it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This program supports ADNOC’s ongoing efforts to enhance its approach to procurement and maximize value for ADNOC and its community of suppliers and service providers. View the full article
The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day, supporting ADNOC’s plans to cater for increasing global energy demand. View the full article
The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day, supporting ADNOC’s plans to cater for increasing global energy demand. View the full article
To be a first-of-its-kind sub-sea high-voltage direct current transmission network in the MENA region, this project rapidly progressed from concept to development phase with construction starting in early 2022. View the full article
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About this blog
I started this blog to express what I sense about the highs and lows of the oil realm, while cautiously analysing historical data, taking into account the geo-political development at the time of recording them.
I got into this field, having been a passive observer of fluctuations of crude oil prices and their global consequences for years.
Then, when on the day of Great Oil Crash in April, 2020, I made a decision to make my own blog, with the motto, ‘analysing data that really matters’.
Having come from an academic background in mathematics and physics, I analyse data using my own tools, created with JavaScript and Python, taking my decision on board while making decisions.