Adnoc’s gas and LNG unit, Adnoc Gas, reported a net income of $1.1 billion in the first quarter of this year, a drop of 15 percent year-on-year due to disruptions caused by the ongoing Middle East conflict.
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French energy giant TotalEnergies and its partners in the planned Papua LNG project in Papua New Guinea have selected South Korea’s Daewoo E&C as the preferred bidder for the EPCC of the project's central processing facility and well pads.
Floating LNG player Golar has entered into a letter of intent with Singapore's Seatrium to secure incremental FLNG yard capacity for another FLNG conversion.
Floating LNG player Golar LNG said that it had executed an engineering, procurement, and construction (EPC) agreement with China's Yantai CIMC Raffles Offshore for its fourth FLNG and second MKII FLNG with an annual liquefaction capacity of 3.5 mtpa.
Adnoc’s gas and LNG unit, Adnoc Gas, reported a net income of $665 million in the second quarter of this year, a drop of 52 percent year-on-year due to disruptions caused by the ongoing Middle East conflict. Adnoc Gas has also taken the final investment decision on the second and third phases of its Rich Gas Development (RGD) project.
UAE's energy giant Adnoc said on Tuesday it is accelerating its integrated global gas growth strategy with a $6.2 billion final investment decision (FID) to develop the Umm Shaif gas cap project in Abu Dhabi alongside its international partners TotalEnergies, Eni, and CNPC.
UAE’s Adnoc has signed a 15-year sales and purchase agreement with a unit of Japan's Inpex to supply the latter with LNG from its terminal in Al Ruwais.