ADNOC, in collaboration with AIQ, has announced the expansion of its AI-driven AR360 solution to over 30 reservoirs within its upstream operations, after successful initial testing earlier this year. The solution, deployed in early 2024 at Bab and Umm Shaif fields, showcases ADNOC’s commitment to integrating artificial intelligence across its value chain to improve safety, […]
Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the parties, the French oil and gas giant has secured a stake of 20% in the Umm […]
Eni has signed a couple of concession agreements to acquire a stake of 5% and 10% in the Lower Zakum offshore oil field and the Umm Shaif and Nasr oil, condensate and gas offshore fields, respectively in offshore Abu Dhabi for a price of around $875 million. The stakes bought from ADNOC are for duration […]