International

ADNOC, ENI Ink Strategic Agreement for CCUS

Published on : 2020-01-22

The agreement was signed by Sultan Ahmed Al Jaber, the UAE Minister of State and ADNOC CEO, and Claudio Descalzi, Eni’s CEO.

Under the terms of the agreement, the two companies will jointly explore innovative geo-mechanical and geo-chemical workflows for CCUS programs, as well as advanced analysis and modeling of thermally induced fractures in oil and gas reservoirs. The agreement builds on ADNOC’s sustainability goals to decrease its greenhouse gas (GHG) intensity by 25% by 2030.

Al Jaber noted that this agreement will foster the partnership between ADNOC and Eni across the oil and gas value chain. He added that it will enable them “to unlock and maximize value from Abu Dhabi’s substantial hydrocarbon resources as we deliver our 2030 smart growth strategy. We look forward to swiftly developing this framework agreement to another new mutually beneficial partnership with Eni as the agreement offers significant potential for exciting and sustainable growth opportunities.”

“This is a holistic collaboration that will further strengthen the alliance between the two companies by designing technological trajectories for the evolution and transformation of the upstream and downstream businesses,” Descalzi commented.

Egyptian Investors Join Mauritania in $1.3 Billion Gas Development Partnership

Mauritanian Minister of Petroleum, Mines, and Energy Nani Ould Chrougha, has signed an exploration-production contract for the development of the Banda gas field in Mauritania with the Taqa Arabia Go Gas Consortium.

TechnipFMC Secures Whiptail Project Contract with ExxonMobil Guyana

TechnipFMC has been awarded a contract by ExxonMobil Guyana Limited for the Whiptail project in Guyana Stabroek Block

Fadhili Gas Plant Expansion: Aramco Awards $7.7 Billion in EPC Contracts

Aramco Grants $7.7 Billion in EPC Contracts for Fadhili Gas Plant Expansion in Saudi ArabiaSaudi Aramco has recently awarded engineering, procurement, and construction (EPC) contracts worth $7.7 billion to facilitate a significant expansion of the Fadhili Gas Plant located in the Eastern Province of Saudi Arabia.