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ABA publishes practical technology reference guide to advise corporate directors

ABA publishes practical technology reference guide to advise corporate directors
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CHICAGO, June 3, 2021 â Understanding technology issues is imperative for boards of directors and lawyers in order to identify potential legal implications that can affect an organization. The American Bar Association Business Law Section has published âDirectorâs Technology Handbook: Tips and Strategies for Advising Corporate Directorsâ that provides guidance to understand and decipher critical technology matters.
The handbook is a compilation written by leading practitioners in related practice areas. Beginning with a brief recap of directorsâ duties under Delaware corporation law, the handbook highlights the intersections of law and technology and features technology examples to illustrate issues that are expected to remain persistent in years to come. The context in which the matters arise in practice will evolve through the ordinary course of techn ....

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Adnoc invests $318 million to connect smart wells at Bu Hasa

Adnoc invests $318 million to connect smart wells at Bu Hasa
18 May 2021
The EPC contract has been awarded in two packages by Adnoc’s subsidiary, Adnoc Onshore.
The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday an investment of up to $318 million (Dhs1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 barrels per day (bpd) at Adnoc’s largest onshore asset.
The engineering, procurement and construction (EPC) contract has been awarded in two packages by Adnoc’s subsidiary, Adnoc Onshore. Package 1 is valued at up to $158.6 million (Dhs582 million) and has been awarded to China Petroleum Pipeline Engineering Co. Ltd, while Package 2, with a value of up to $159.1 million (Dhs583.9 million) has been awarded to Robt Stone (ME) LLC. The duration of the contracts is three years, with the option of a two-year extension. ....

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Adnoc launches innovative programme

Adnoc launches innovative programme
9 hours ago
The Adnoc headquarters in Abu Dhabi. WAM
The Abu Dhabi National Oil Company (Adnoc) announced recently that it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This programme supports Adnoc’s ongoing efforts to enhance its approach to procurement and maximise value for Adnoc and its community of suppliers and service providers.
The programme standardises the terms and conditions for the procurement of drilling and oilfield goods and services across Adnoc’s entire value chain. As a result, all of Adnoc’s pre-qualified bidders are now subject to the same terms and conditions in competitive tendering, reducing the timeline for legal negotiations from months to weeks. ....

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Adnoc launches initiative to streamline tendering process

The Abu Dhabi National Oil Company (Adnoc) has implemented an initiative to drive efficiencies in its tendering process to enhance its approach to procurement and maximise value for the company and its suppliers and service providers. ....

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ADNOC Streamlines Oilfield Procurement Process

ADNOC has launched a program standardizing procurement terms and conditions across its value chain. PHOTO SOURCE: ADNOC
The Abu Dhabi National Oil Co. (ADNOC) reported Tuesday that it has implemented an initiative standardizing procurement terms and conditions across its value chain.
The new oilfield procurement process subjects all bidders to the same terms and conditions in competitive tendering and shrinks the timeline for legal negotiations from months to weeks, ADNOC pointed out in a written statement emailed to Rigzone. The firm added that more than 1,100 local and international principal companies – including oilfield service providers Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL), Baker Hughes (NYSE: BKR), and Weatherford (OTCMKTS: WFTLF) – have signed up for the program. ....

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