Search Site

Trends banner

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

ADNOC announces big onshore oil and gas find in Abu Dhabi

The exploration well in Onshore Block 4 was drilled after new insights from Abu Dhabi’s ongoing combined onshore and offshore 3D seismic survey.
  • Conventional oil, condensate and gas discoveries of up to 1 bn barrels reported from an exploration well in Abu Dhabi’s Onshore Block 4 Concession.
  • The oil giant said the next step is to appraise and further quantify these resources as well as to explore the potential in and around Onshore Block 4.

ADNOC announced on Wednesday “significant conventional oil, condensate and gas discoveries” of up to 1 billion barrels of oil equivalent (BOE) from an exploration well in Abu Dhabi’s Onshore Block 4 Concession, which is operated by Japan’s INPEX/JODCO.

ADNOC announced the discovery on a Twitter post and said it comprises “substantial” Murban oil resources and represents the first find from this concession area as well as from a new geological formation.

This achievement underscores how ADNOC’s accelerated exploration and development program has been unlocking future value for the UAE, ADNOC said.

The exploration well in Onshore Block 4 was drilled after new insights from Abu Dhabi’s ongoing combined onshore and offshore 3D seismic survey, which is the world’s largest and uses state-of-the-art technology during data acquisition to accurately interpret the acquired seismic data, ADNOC said

The oil giant said the next step is to appraise and further quantify these resources as well as to explore the promising potential in and around Onshore Block 4.