Latest news with #MusabbehAlKaabi
Trade Arabia
20-05-2025
- Business
- Trade Arabia
Adnoc, Tubacex to localise oilfield technology in UAE
Adnoc has announced the signing of a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, to localise critical oilfield technology, enhancing the resilience of the UAE's industrial base. The announcement was made at the 'Make it in the Emirates' forum in Abu Dhabi. The agreement grants Adnoc perpetual and exclusive rights to utilise Tubacex's Sentinel Prime premium tubular joint connection technology, which is critical for completing oil and gas wells while reducing costs and ensuring supply chain resilience. Tubacex will establish a dedicated research and development (R&D) center in Abu Dhabi. This facility will act as a hub for advanced engineering and train highly skilled technicians in-country – contributing to the development of local talent. Musabbeh Al Kaabi, Adnoc Upstream CEO, said: "This strategic partnership secures Adnoc access to an important technology for completing oil and gas wells, reinforcing our role as a reliable global energy provider and our efforts to boost domestic manufacturing capacity. We welcome Tubacex's investment in a new research and development center in Abu Dhabi which will enable knowledge and technology transfer, help develop local talent and support the goals of the Make it in the Emirates initiative.' Tubulars, also known as Oil Country Tubular Goods (OCTG), are specialised steel pipes used in the drilling and completion of oil and gas wells. These components must meet stringent standards for strength, durability and reliability to operate in high-pressure, high-temperature environments deep underground. Josu Imaz, Tubacex Group CEO, said: 'The licensing arrangement with Adnoc confirms Tubacex's commitment to innovation and excellence in the energy sector and reinforces our position as a strategic contributor for major players in the industry.'
Gulf Today
19-05-2025
- Business
- Gulf Today
Adnoc and Tubacex sign deal to localise oilfield technology
Adnoc announced the signing of a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, to localise critical oilfield technology, enhancing the resilience of the UAE's industrial base. The announcement was made at the 'Make it in the Emirates' forum in Abu Dhabi. The agreement grants Adnoc perpetual and exclusive rights to utilise Tubacex's Sentinel Prime premium tubular joint connection technology, which is critical for completing oil and gas wells while reducing costs and ensuring supply chain resilience. Tubacex will establish a dedicated research and development (R&D) centre in Abu Dhabi. This facility will act as a hub for advanced engineering and train highly skilled technicians in-country - contributing to the development of local talent. Musabbeh Al Kaabi, Adnoc Upstream CEO, said, 'This strategic partnership secures Adnoc access to an important technology for completing oil and gas wells, reinforcing our role as a reliable global energy provider and our efforts to boost domestic manufacturing capacity.' 'We welcome Tubacex's investment in a new research and development centre in Abu Dhabi which will enable knowledge and technology transfer, help develop local talent and support the goals of the Make it in the Emirates initiative.' Tubulars, also known as Oil Country Tubular Goods (OCTG), are specialised steel pipes used in the drilling and completion of oil and gas wells. These components must meet stringent standards for strength, durability and reliability to operate in high-pressure, high-temperature environments deep underground. Josu Imaz, Tubacex Group CEO, said, 'The licencing arrangement with Adnoc confirms Tubacex's commitment to innovation and excellence in the energy sector and reinforces our position as a strategic contributor for major players in the industry.' The 'Make it in the Emirates' forum is taking place from 19-22 May at Adnec Centre Abu Dhabi. It is the UAE's flagship industrial event, designed to accelerate the country's manufacturing ambitions. Earlier Adnoc on Friday announced multiple agreements with United States (US) energy majors during the United Arab Emirates (UAE)-US business dialogue with US President Donald J. Trump. The agreements will potentially enable $60 billion of US investments in UAE energy projects across the lifespan of the projects. The agreements include a landmark field development plan with ExxonMobil and INPEX/JODCO to expand the capacity of Abu Dhabi's Upper Zakum offshore field through a phased development. Adnoc also signed a collaboration agreement with Occidental to explore increasing the production capacity of Shah Gas field's capacity to 1.85 billion standard cubic feet per day (bscfd) of natural gas, from 1.45 bscfd, and accelerating the deployment of advanced technologies in the field. The agreements reinforce the shared commitment of the UAE and US to maintaining global energy security and the stability of energy markets. The enterprise value of UAE energy investments into the US is set to reach $440 billion by 2035, as part of the UAE's $1.4 trillion investment plan into the country. Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Adnoc Managing Director and Group CEO, said, 'The deep-rooted bilateral relationship between the UAE and the US is underpinned by our shared commitment to enabling energy abundance and we are reinforcing this commitment through these agreements with US energy majors.'
Zawya
19-05-2025
- Business
- Zawya
ADNOC, Tubacex sign agreement to localise oilfield technology
ADNOC announced today the signing of a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, to localise critical oilfield technology, enhancing the resilience of the UAE's industrial base. The announcement was made at the 'Make it in the Emirates' forum in Abu Dhabi. The agreement grants ADNOC perpetual and exclusive rights to utilise Tubacex's Sentinel Prime premium tubular joint connection technology, which is critical for completing oil and gas wells while reducing costs and ensuring supply chain resilience. Tubacex will establish a dedicated research and development (R&D) centre in Abu Dhabi. This facility will act as a hub for advanced engineering and train highly skilled technicians in-country – contributing to the development of local talent. Musabbeh Al Kaabi, ADNOC Upstream CEO, said, "This strategic partnership secures ADNOC access to an important technology for completing oil and gas wells, reinforcing our role as a reliable global energy provider and our efforts to boost domestic manufacturing capacity. We welcome Tubacex's investment in a new research and development centre in Abu Dhabi which will enable knowledge and technology transfer, help develop local talent and support the goals of the Make it in the Emirates initiative.' Tubulars, also known as Oil Country Tubular Goods (OCTG), are specialised steel pipes used in the drilling and completion of oil and gas wells. These components must meet stringent standards for strength, durability and reliability to operate in high-pressure, high-temperature environments deep underground. Josu Imaz, Tubacex Group CEO, said, 'The licencing arrangement with ADNOC confirms Tubacex's commitment to innovation and excellence in the energy sector and reinforces our position as a strategic contributor for major players in the industry.' The 'Make it in the Emirates' forum is taking place from 19-22 May at ADNEC Centre Abu Dhabi. It is the UAE's flagship industrial event, designed to accelerate the country's manufacturing ambitions.
Zawya
19-05-2025
- Business
- Zawya
ADNOC and Tubacex sign agreement to localize oilfield technology in the UAE
Tubacex to establish its R&D technical center in Abu Dhabi, advancing the growth of the UAE's industrial base Partnership strengthens resilience of ADNOC's supply chain, encouraging local manufacturing and supporting the 'Make it in the Emirates' initiative Abu Dhabi, UAE – ADNOC announced today the signing of a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions, to localize critical oilfield technology, enhancing the resilience of the UAE's industrial base. The announcement was made at the 'Make it in the Emirates' forum in Abu Dhabi. The agreement grants ADNOC perpetual and exclusive rights to utilize Tubacex's Sentinel Prime premium tubular joint connection technology, which is critical for completing oil and gas wells while reducing costs and ensuring supply chain resilience. Tubacex will establish a dedicated research and development (R&D) center in Abu Dhabi. This facility will act as a hub for advanced engineering and train highly skilled technicians in-country – contributing to the development of local talent. Musabbeh Al Kaabi, ADNOC Upstream CEO, said: "This strategic partnership secures ADNOC access to an important technology for completing oil and gas wells, reinforcing our role as a reliable global energy provider and our efforts to boost domestic manufacturing capacity. We welcome Tubacex's investment in a new research and development center in Abu Dhabi which will enable knowledge and technology transfer, help develop local talent and support the goals of the Make it in the Emirates initiative.' Tubulars, also known as Oil Country Tubular Goods (OCTG), are specialized steel pipes used in the drilling and completion of oil and gas wells. These components must meet stringent standards for strength, durability and reliability to operate in high-pressure, high-temperature environments deep underground. Josu Imaz, Tubacex Group CEO, said: 'The licensing arrangement with ADNOC confirms Tubacex's commitment to innovation and excellence in the energy sector and reinforces our position as a strategic contributor for major players in the industry.' The 'Make it in the Emirates' forum is taking place from 19-22 May at ADNEC Centre Abu Dhabi. It is the UAE's flagship industrial event, designed to accelerate the country's manufacturing ambitions. About ADNOC ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC's objective is to maximize the value of the Emirate's vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates' economic growth and diversification. To find out more, visit: For media inquiries, please contact: media@
Yahoo
12-03-2025
- Business
- Yahoo
AIQ to implement AI solutions across ADNOC's upstream operations in $340m contract
AIQ, an AI company, has secured a $340m (Dh1.25bn) contract from Abu Dhabi National Oil Company (ADNOC) for the deployment of ENERGYai and associated AI solutions to enhance efficiency and precision across ADNOC's upstream operations. The three-year agreement marks the launch of the world's first large-scale agentic AI solution for the energy sector. It is part of ADNOC's strategy to emerge as a leading AI innovator in the energy sector and follows the completion of a trial phase. AIQ's ENERGYai leverages 70 years of proprietary data and expertise, integrating large language model (LLM) technology with agentic AI tailored for ADNOC's upstream workflows. The technology was developed in collaboration with ADNOC experts, G42 and Microsoft. It integrates advanced technologies including the Azure cloud stack, an agentic AI platform, the Open Subsurface Data Universe (OSDU) framework and OpenAI models. From seismic analysis to geological modelling and real-time process monitoring, ENERGYai is said to accelerate essential business processes, significantly reducing timelines. By streamlining operations, the technology also helps to lower costs and minimise emissions. ADNOC Upstream CEO Musabbeh Al Kaabi said: 'ADNOC is on a mission to become the world's most AI-enabled energy company, maximising the potential of AI to drive efficiency and value creation across our operations. 'We look forward to working with AIQ to scale ENERGYai across the upstream business, consolidating our position as a responsible and reliable supplier of energy to global markets, delivering the energy system of the future.' AIQ will implement ENERGYai across all ADNOC upstream assets, covering more than 28 producing fields including some of the world's 'largest and least' carbon-intensive oilfields, during the contract period. The implementation of ENERGYai is expected to transform the way engineers interact with ADNOC's proprietary data, fostering productivity and uncovering new insights. AIQ acting managing director Magzhan Kenesbai added: 'This contract marks a defining moment for AIQ. In partnership with ADNOC, we have developed a world-first agentic AI solution that is scalable across the entire energy value chain and has the potential to transform the industry as we know it. 'We are proud to see ENERGYai move from a successful proof-of-concept to full deployment, enabling ADNOC to unlock unparalleled efficiencies, reduce carbon intensity and advance their sustainability ambitions. This achievement reflects our commitment to delivering innovative, high-impact AI solutions that not only meet the challenges of today but also shape the future of energy.' The first operational and scalable version of ENERGYai is expected by mid-2025, featuring five fully functional AI agents managing key subsurface tasks. It will be test-deployed across multiple upstream assets, with plans to expand its application to thousands of additional wells. In October 2024, ADNOC implemented AIQ's Advanced Reservoir 360 solution across more than 30 reservoirs in its upstream operations. This technology enhances reservoir management and optimises field development planning for improved efficiency. "AIQ to implement AI solutions across ADNOC's upstream operations in $340m contract" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
