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ADIPEC week · Day 2 of 4

Tuesday 4 Nov

Photo: Kevin JD / Unsplash

The week so far

MonTueWedThu

Gulf NOCs commit at home and next door; distant bets stay minority or pending

Firm money keeps landing in the UAE and its neighbours: Ruwais awards, AED54bn to local suppliers, a held 5mn b/d target and a four-country rig acquisition. Farther afield, positions take the form of minority stakes, frameworks or projects awaiting government approval.

From Mon 3 Nov to Wed 5 Nov, midday · 25 stories

Mon 3 NovTue 4 NovWed 5 NovThu 6 Nov

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The week in order

The 8 readings of the week, grouped by the subject they follow.

Upstream offshore and onshore3 readings
  1. Mon 3 Nov · middayBinding capital arrives as Eni and Petronas commit and ADNOC scales AI
  2. Mon 3 Nov · closingADNOC takes AI into gas assets as binding upstream money sets the floor
  3. Wed 5 Nov · middayADNOC's home spend firms up while distant bets stay minority or pending
Gas and LNG3 readings
  1. Tue 4 Nov · openingGulf majors pair gas volume commitments with deeper AI stakes
  2. Tue 4 Nov · middayADNOC takes its LNG and AI playbook abroad, from Argentina to Indonesia
Tue 4 Nov · closing
ADNOC takes LNG, AI and retail beyond home while firm deals stay home
Data centres and AI power demand1 reading
  1. Mon 3 Nov · openingAbu Dhabi pairs AI deals with gas reach as OPEC+ slows the taps
M&A, investment and financing1 reading
  1. Wed 5 Nov · openingADNOC buys rigs and builds Ruwais while far-off moves stay on paper