The Abu Dhabi National Oil Company (ADNOC) is set to imminently award engineering and construction contracts for a major offshore natural gas field to increase gas production and exports, sources familiar with the plans told Bloomberg on Wednesday. ADNOC, which pumps nearly all the oil in the United Arab Emirates (UAE), is focusing not only on boosting crude oil production capacity, but also on increasing natural gas output to make OPEC’s third-largest producer self-sufficient in gas this decade. According to Bloomberg’s sources, ADNOC could award the engineering and construction works for the Dalma offshore gas field as soon as this week, with first gas expected in 2025. Investments in all gas concessions in which Italy’s Eni partners with ADNOC could reach $20 billion, Eni’s chief executive Claudio Descalzi said in 2018, Bloomberg notes. ADNOC already announced earlier this week a record $6 billion investment to expand its crude oil […]