ADNOC is cutting offshore oil output to manage storage as the U.S.-Israeli war on Iran disrupts shipments through the Strait of Hormuz, while onshore operations continue.
McDermott wins a major ADNOC EPCI award for the Nasr-115 expansion offshore the UAE, part of Nasr Phase II targeting 115,000 bpd by 2027.
ADNOC has signed a non-recourse structured financing of up to $11 billion for Hail and Ghasha in the Ghasha Concession, tied to midstream gas output targeting 1.8 bscfd and net zero offshore operations.
ADNOC reaffirms its $150 billion investment plan to enhance production capacity and expand internationally. The company aims to become a top natural gas and petrochemical supplier.
ADNOC has deployed a massive new production platform at its Umm Shaif field, built in Abu Dhabi with contributions from over 200 UAE suppliers, to expand offshore capacity.
