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Germany’s energy major, Wintershall Holding has been awarded 10% stakes in the Ghasha ultra-sour gas mega project by UAE. The energy giant, Abu Dhabi National Oil Co (ADNOC) informed about this deal on Monday. The foundation of this deal is ADNOC’s new integrated gas strategy which has been focused upon unlocking and maximizing value from Abu Dhabi’s gas reserves. Abu Dhabi wants to be gas self-sufficient in the coming future.
French supermajor Total has made a new natural gas discovery on the Glendronach prospect offshore UK. The firm believes that the discovered prospect will incur low cost for commercialization, given the leverage of existing Laggan-Tormore infrastructure. Early tests have estimated recoverable resources at about 1 tcf. Total operates the Glendronach discovery where Ineos E&P UK Ltd and SSE E&P UK Ltd are partners.