ADNOC's US$6bn offshore gas network moves closer



Abu Dhabi has moved closer to completing an offshore gas processing and transportation network that will allow it to bring more energy resources onshore for domestic use.

Abu Dhabi National Oil Company's (ADNOC) offshore gas project, which was estimated to be valued at US$6 billion (Dh22.03bn) in 2009, will provide the country with more security in electricity production, as well as more gas that can be injected into ageing oilfields to prolong production.

The Integrated Gas Development (IGD) includes offshore platforms, processing plants and a pipeline from Umm Shaif to Habshan with a planned capacity of 1 billion cubic feet of gas per day. The IGD is due to be in service in 2013 or 2014.

Abu Dhabi Marine Operating Company, a unit of ADNOC, has completed the first phase of constructing a 38km pipeline from its oil and gas fields in Umm Shaif to Das Island, Mohamed al Shamma, a company spokesman, said yesterday.

On Das Island, the ADNOC subsidiary Abu Dhabi Gas Liquefaction will process the gas, then transport it via a pipeline to Habshan, 212km away.

In Habshan, gas will be processed at a natural gas liquids plant being constructed by Abu Dhabi Gas Industries (GASCO).

It has also awarded contracts for a plant at the export centre of Ruwais to split the gas liquid into butane and pentane.

Gas extracted along with oil at Umm Shaif fields will be boosted by additions from reservoirs in Umm Shaif Khuff and Umm Shaif Areaj, and overall gas output is expected to grow along with the emirate's oil output.

The pipeline system will allow the emirate to take advantage of gas from oilfields that might otherwise be flared off, a practice ADNOC is keen to avoid.

This week, GASCO awarded $1 billion in contracts for the planning and construction of a separate project, a sulphur granulating plant in Habshan and railway network to transport the solid sulphur to Abu Dhabi's export terminal situated in Ruwais.

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There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

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The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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