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.
Mubadala Investment Company and Safran, a French multinational aerospace and defence corporation, have joined forces to accelerate aerospace innovation and development within the UAE.
Gautam Adani, the billionaire chairperson of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in a $265 million bribery scheme, according to US prosecutors.
Bitcoin reached a historic high of over $97,000 on Thursday, driven by expectations that US President-elect Donald Trump will introduce pro-cryptocurrency measures.
Dubai International Chamber attracted 157 companies in the first nine months of the year, marking a 68.8 per cent increase compared to the same period last year, including a 117 per cent increase in multinational companies (MNCs) YoY.
The Minister of Tolerance and Coexistence, H.E. Sheikh Nahyan bin Mubarak Al Nahyan, inaugurated Air Expo Abu Dhabi 2024 on Tuesday as top industry CEOs and distinguished guests gathered for the event.
Abu Dhabi will host the World Crisis and Emergency Management Summit 2025 on April 8-9, under the patronage of H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Advisor.
In a heartfelt tribute to the UAE's Founding Fathers, the late Sheikh Zayed bin Sultan Al Nahyan and Sheikh Rashid bin Saeed Al Maktoum, Dubai Airports and the General Directorate of Residency and Foreigners Affairs (GDRFA) are welcoming travellers with a special stamp featuring the 'Zayed and Rashid' logo.