The entry signals IOCs' continued appetite for UAE investment opportunities despite the region's nearly four-month-long conflict.
TotalEnergies and BP have each secured a 10% stake in Abu Dhabi's newly awarded Bab Gas Cap onshore concession, doubling down on their presence in the UAE despite the nearly four-month-long Mideast conflict that resulted in the near-closure of the Strait of Hormuz.
ADNOC Brings BP, TotalEnergies Into Abu Dhabi’s Biggest Gas Cap Project | OilPrice.com
ADNOC secures world's largest gas cap project as UAE boosts role in global energy supply
UAE pushes for gas self-sufficiency as it awards Bab gas cap concession deal | The National
BP and TotalEnergies each take a 10% stake in ADNOC’s Bab Gas Cap project, the world’s largest gas cap development, in Abu Dhabi.
ADNOC and global partners win Bab Gas Cap concession, a 1.5 BSCFD project reinforcing UAE’s role as a reliable energy supplier…
The project is the largest gas cap development of its kind in the world
A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover…
Abu Dhabi-owned group targets troubled energy company’s liquefied natural gas fields
The French energy company faces setbacks from reduced production in the Persian Gulf, but soaring oil and gas prices are expected…
