Energy News
OIL AND GAS
UAE's ADNOC awards $3.6 bn contract to expand gas infrastructure
UAE's ADNOC awards $3.6 bn contract to expand gas infrastructure
by AFP Staff Writers
Dubai (AFP) Aug 9, 2023

The United Arab Emirates' ADNOC Gas on Wednesday said it awarded a $3.6 billion contract to expand its gas processing infrastructure, including the commissioning of new processing facilities.

The contract was awarded to a joint venture between the UAE's National Petroleum Construction Company (NPCC) and Tecnicas Reunidas, a Spanish general contractor, according to a statement carried by the official WAM news agency.

"The scope of the contract includes the commissioning of new gas processing facilities which will enable an optimised supply to the Ruwais Industrial Complex" in the western Al Dhafra region, the statement said.

The contract coincides with a larger plan "to enable increased gas recovery from existing fields and develop untapped resources", the statement said.

ADNOC Gas, estimated to have the seventh largest gas reserves globally, is a subsidiary of state energy giant Abu Dhabi National Oil Company (ADNOC).

ADNOC, the UAE's key revenue-earner, retains a 90 percent stake.

Last month, the energy giant said it had accelerated its emission reduction goal to achieve carbon neutrality by 2045 instead of 2050.

It said it intends to "increase its investments and redouble efforts in decarbonisation," relying on an initial financing of $15 billion for "low-carbon solutions" and achieving zero methane emissions by 2030.

The UAE, one of the world's leading oil exporters, is set to host the United Nations climate summit in November and December.

Gas is being touted as cleaner than other fossil fuels as countries around the world strive to reduce their emissions.

In 2021, the UAE produced 57 billion cubic metres (bcm) of natural gas, or about 1.4 percent of global output, according to the BP Statistical Review of World Energy.

That same year, the Emirates exported 8.8 bcm of LNG, 1.7 percent of world LNG exports, the Statistical Review said.

ho/jsa

BP

ADNOC Gas

Related Links
All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
OIL AND GAS
U.S. gas prices stable at $3.83 per gallon and demand remains resilient
Washington DC (UPI) Aug 7, 2023
Retail gasoline prices in the United States remained stable over the weekend and it remains to be seen if the recent spike in commodity prices will catch up to the consumer. Travel club AAA put the national average retail price for a gallon of regular unleaded gasoline at $3.83 for Monday, unchanged from Friday's levels but 30 cents higher than this time last month. Prices are elevated due to heat-related refinery issues in the U.S. South, where temperatures are still in the triple digit ... read more

OIL AND GAS
IBM collaborates with NASA to launch Geospatial AI on Hugging Face

China launches its latest meteorological satellite

Ionospheric study reveals surprising protection by Earth's magnetic field

China launches Fengyun-3 satellite

OIL AND GAS
New Galileo station goes on duty

Potential earthquake precursor discovered through GPS measurements

Northrop Grumman's new airborne navigation system achieves successful flight test

Fugro and GomSpace deliver world class position and timing accuracy onboard LEO satellites

OIL AND GAS
Relief and despair: repeal of logging ban divides Kenya

Amazon nations launch alliance to fight deforestation at summit

German drought prompts rethink for ancient palace park trees

Lula to host S.American summit on saving the Amazon

OIL AND GAS
Missouri residents to get natural gas from landfill emissions

New process coverts CO2 into fuel more efficiently than photosynthesis

Harnessing synthetic biology to make sustainable alternatives to petroleum products

University of Illinois study finds turning food waste into bioenergy can become a profitable industry

OIL AND GAS
Highly efficient organometal halide perovskite photoelectrodes for water splitting

Waste plastics transformed into chemicals with solar-powered catalyst

Huge solar arrays installed on Psyche

U.S. announces tax credits for clean energy programs in underserved communities

OIL AND GAS
U.S. identifies three new areas for potential offshore wind energy development

Biden to visit Philly Shipyard to announce construction of offshore wind vessel

New transmission line to carry wind energy electricity from Wyoming to Nevada

Brazil faces dilemma: endangered macaw vs. wind farm

OIL AND GAS
Erdogan defends expansion of controversial coal mine

Global coal demand to stay near record in 2023: IEA

Nations call for swift fossil fuel exit to tackle climate change

'Like hell': India's burning coalfields

OIL AND GAS
US says concerned over Chinese reclamation in Manila Bay

US House panel probes BlackRock, MSCI on China investment flow

Hong Kong public broadcaster cancels LGBTQ radio show

'Happy Dancing' routine boosts fitness in fast-ageing China

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.