The Abu Dhabi National Oil Company (ADNOC) has awarded a AED3.38 billion engineering, procurement, and construction (EPC) contract to Jereh Oil & Gas Engineering Corporation to enhance its AI-powered well digitalisation programme.
The project will extend remote sensing and well operating equipment to ADNOC's Bab, Bu Hasa, and Southeast fields, aiming for completion by 2027.
Over 80% of the contract value will flow back into the UAE’s economy through ADNOC's In-Country Value (ICV) programme, supporting local growth and diversification.
The programme will enable the remote monitoring and control of over 2,000 wells, improving operational efficiency and safety by reducing downtime.
ADNOC’s AI-driven programme uses real-time data from embedded sensors, with information transmitted via ADNOC’s private 5G network, allowing AI tools like RoboWell to autonomously manage well operations.
This is part of ADNOC's broader strategy to lead in AI-powered energy technology.
The Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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