Abu Dhabi Steps Up Gas Production Ahead Of Winter

Enduring high gas prices across the globe in the aftermath of Russia’s invasion of Ukraine in February have catalysed several leading Middle Eastern oil supplying countries to step up their gas, and oil, production. The emirate of Abu Dhabi is a case in point, with last week seeing the Abu Dhabi National Oil Company (ADNOC) award a US$980 million contract to ADNOC Drilling to bolster rig numbers to support the expansion of ADNOC’s oil and gas production capacity. This followed the awarding just a few days before by ADNOC of a US$1.53…