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.
Bangladesh is set to sign a deal on Thursday to buy 14 aircraft from US planemaker Boeing, officials said, a move that marks a shift away from Europe's Airbus amid trade pressure from Washington.
The UAE Circular Economy Council held its first meeting of 2026 on Wednesday, with discussions centred on strengthening food security, expanding sustainable production, and increasing investment in circular economy sectors.
The United Arab Emirates announced on Tuesday its decision to exit the Organisation of the Petroleum Exporting Countries (OPEC and OPEC+), effective 1 May 2026.
Microsoft and OpenAI have renegotiated a pact that let Microsoft exclusively sell the ChatGPT creator's artificial intelligence models, clearing the way for the startup to forge new deals with rivals to the software and enterprise giant, including Amazon.
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