The Abu Dhabi National Oil Company (Adnoc) will spend more than $100 billion in the next four years on increasing its oil production capacity and building other oil and gas facilities, a senior official said.
The company is on tra
ABB, the leading power group, has won an order worth $30 million from Saipem and Samsung Engineering to provide a range of power and automation equipment for a natural gas processing plant in Abu Dhabi.
The plant is located in the Shah nat
Production should begin by the middle of 2014 at the Shah gas project being developed by Occidental Petroleum and Abu Dhabi National Oil Company (Adnoc), a senior official said on Monday.
Occidental won the contract to participate in the s
The UAE wants Royal Dutch Shell to step in as its partner at the $10 billion Shah gas project after US major ConocoPhillips withdrew, industry sources in the UAE said on Wednesday.
Agreeing terms would be the biggest issue in coaxing Shell
State-run Abu Dhabi National Oil Company (Adnoc) will proceed with a project to develop the Shah gas field despite ConocoPhillips' exit from the scheme, Adnoc said in a statement on Thursday.
Industry sources said on Wednesday Adnoc wo
ConocoPhillips has pulled out of a $10 billion project to develop the Shah sour gas field in the United Arab Emirates, but UAE would proceed with development of the project despite its withdrawal, industry sources said on Wednesday.
The United Arab Emirates' $10 billion Shah gas field development project will be completed by early 2015, the project's chief executive said on Tuesday, a date three years later than previously anticipated.
The joint venture of Abu