McDermott has secured a $1 billion-plus ADNOC EPCI contract for Package 4 of the Umm Shaif project, covering a new pressure boosting facility, jacket, topside and brownfield modifications.
ADNOC and SLB have deployed an AI-enabled Real-Time Operations Center across more than 120 rigs, reducing engineering effort and helping avoid up to two days of downtime.
ADNOC has taken a $6.2 billion FID for the Umm Shaif Gas Cap, targeting more than 600 million scfd of gas and associated liquids with production expected by 2030.
Hilong Holding said its subsidiary Hilong Petroleum Pipe Company LLC signed a $44.0 million drill string supply contract with ADNOC Drilling for 19 onshore and offshore rigs.
An ADNOC-managed LNG tanker is believed to have crossed the Strait of Hormuz, marking a potential first since the Iran conflict began.
ADNOC suspended operations at its Habshan gas facilities after debris from an intercepted aerial threat caused a fire. Authorities said the blaze was contained quickly and no injuries were reported.
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.
