Adnoc and Abu Dhabi National Energy Company (Taqa), announced the signing of a 27-year utilities purchase agreement to supply critical utilities to the Ta’ziz Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi.
McDermott, a leading provider of engineering and construction solutions to the energy industry, has announced that it has secured a major EPCI contract (in the range of $750 million to $1 billion) from Adnoc for its Nasr-115 Expansion Project, located 130km northwest of Abu Dhabi.
Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of Adnoc, said reliable partnerships are the real strategic reserve, urging leaders to look beyond short-term volatility to the transformative opportunity of rising global energy demand.
Adnoc has been named the first Emirati brand to enter the Top 100 most valuable global brands and retained its position as the UAE's most valuable brand for an eighth consecutive year, according to a new report from Brand Finance, the world's leading independent brand valuation consultancy.
McDermott International is set to secure multiple offshore engineering, procurement and construction (EPC) contracts from Abu Dhabi National Oil Company (Adnoc), with a combined value estimated at up to $1.5 billion. These awards are linked to ADNOC’s ongoing offshore oil and gas expansion programme and reinforce McDermott’s strong positioning in the Middle East offshore EPC market.
