Abu Dhabi's huge sour gas development is on track for completion in late 2014 despite the challenges $10 billion project faces, the CEO of the operating company said on Tuesday.
"Our facilities are 60 per cent complete an
Abu Dhabi National Oil Company (Adnoc) has granted contracts worth a total of $700 million to two companies to develop parts of its $10-billion Shah gas project, local Al-Bayan newspaper reported on Thursday.
One of the companies, Athens-b
Occidental Petroleum (Oxy) will have a 40 per cent share in the Abu Dhabi National Oil Company's (Adnoc) Shah gas project, the UAE state news agency WAM said on Thursday.
Adnoc chose Occidental for the project, estimated to be worth $1
Abu Dhabi National Oil Company (Adnoc) is holding talks with one or more partners to develop the $10 billion Shah gas project after US major ConocoPhillips withdrew, the head of an Adnoc unit said on Monday.
'We are in talks to have a
Contracts for the UAE's $10 billion Shah gas project were 40-50 per cent cheaper than expected, the chief executive of the Abu Dhabi Gas Development Company (ADGDC) said on Monday, after economic crisis made firms cut prices.
So far, c
Abu Dhabi and ConocoPhillips have awarded a Dh1.1 billion ($300 million) construction contract for their Shah gas project to Al Jaber Group, Emirati newspaper al-Ittihad reported on Saturday.
Last month, local media reported the joint vent