Rigzone Industry News

The contract includes the installation of approximately 46.6 miles (75 kilometers) outstanding on the two 16-inch export pipelines.

Adnoc takes a FID and awards the build contracts for a gas project expected to produce over 1.5 Bcfd at home.

'We do not expect dips below $90 per barrel to prove sustainable'.

The project can 'power more than 600,000 homes and generate $12 billion in economic activity state-wide'.

'Projects that were uneconomical to do at lower prices are now quite economical to do at higher prices'.

'Further price gains could prove to be a mixed blessing for the group'.

Aker has signed Multiconsult to a civil engineering contract for the electrification of the Yggdrasil area oil and gas project and expects to start construction for the power project this month.

Airbus will provide technical information and cooperating on research and technology activities on sustainable aviation fuel.

Adnoc is doubling its carbon capture target as it works toward a net-zero goal and looks to burnish its green credentials before COP28.

Aramco has the option to increase its shareholding and associated rights in MidOcean Energy in the future.