ADNOC & MASDAR JOINING BP’S HYDROGEN PROJECTS

The energy company, ADNOC, based in the United Arab Emirates is said to be the largest in scale. It is going to take a twenty-five percent stake in the blue hydrogen project of bp. This twenty-five percent stake will be taken in the stage of design of the hydrogen project. ADNOC has never investe...

Adnoc has become a crucial pillar of UAE's economic strength because of Sheikh Mohamed's vision

The UAE President has overseen the national oil company's development into a more economically driven and multinational organisation.

Sheikh Mohamed bin Zayed complimented the Abu Dhabi National Oil Company for aiding the country's economy during the coronavirus pandemic during ...

Deals worth $1.94 billion have been awarded by Adnoc to facilitate drilling

Abu Dhabi's government-owned Adnoc has given $1.94 billion in framework contracts to several oil service businesses to boost drilling activity.

The majority of the awards went to Adnoc's own oil service subsidiary, Adnoc Drilling, with the rest going to Schlumberger, Hallib...

ADNOC Establishes Debt Issuing Unit for Boosting Oil Production Capacity by 2030

The oil and gas giant of the United Arab Emirates, Abu Dhabi National Oil Corporation, has established a new debt issuing unit in order to assist in funding its projects, including the increase in oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2...

Updates of UAE’s Mugharraq Port’s Offshore Drilling

The United Arab Emirates has signed a deal with the Abu Dhabi unit of Italy-based Eni for establishing a marine logistics base at the Mugharraq Port in Ruwais for supporting offshore drilling in the Al Dhafra region of Abu Dhabi.

On 24th January, the operator of Mugharraq Port, AD Ports...

ADNOC Allocates 946 million Dollars for the Umm Shaif field

Abu Dhabi National Oil Corporation has signed a 946 million dollars contract for increasing oil production capacity at its offshore Umm Shaif field. The company intends to boost its oil production capacity from the current 4 million barrels per day to 5 million barrels per day by 2030.

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ADNOC Launches 3.6 billion Dollars in Electrification Plan

The Abu Dhabi National Oil Company (ADNOC) has collaborated with a utility firm, TAQA, to launch an electrification project worth 3.6 billion dollars to achieve its emission goals.

The two companies are planning the construction of a subsea cable that transmits cleaner energy to rid the...

ADNOC, UAE SIGNS 10 BILLION DOLLAR DEAL IN GAS PIPELINE INFRA

HIGHLIGHTS

• Abu Dhabi sign-offs deal in a gas pipeline infrastructure
• It will boost the UAE's economy in the current crisis situation

The capital of the United Arab Emirates, Abu Dhabi, finalized a major foreign investment deal in...

Adnoc is educating international investors on the Abu Dhabi forum approach

Abu Dhabi National Oil Company held its second capital investment forum on Saturday, providing an update on its strategy and pipeline of partnership and co-investment opportunities to 200 members of the world's financial and investment community.

The forum presented an overview of A...

Borealis is seeking to expand its market globally by joint ventures with India and Europe

Borealis, a chemicals company operated by Mubadala and co-owner of the largest chemical plant in the UAE, is seeking to expand its market globally by joint ventures with Adnoc in India and acquisitions of plastics recycling facilities in Europe, his chief executive said.

The Austrian bu...

Logistics firm in Dubai: Tristars IPO expected in 2-3 yrs

UAE-based logistics firm Tristar is building momentum in growth before going public whereas increasing its geographies and offerings and hold troubled technology to future-proof its business.

“It may ban an honest estimate to mention that within the subsequent 2 to a few years, th...

Adani to invest in ADNOC for speciality Chemicals

The four companies have signed a note of understanding to engage in an exceedingly joint practicability study to assess a collaboration for institution of a chemical advanced in Mundra, Gujarat. In January this year, Adani Group had declared plans to line up a Rs 16,000 crore chemical mill at Mun...

BP to invest in UAE’s petrochemical industry

BP is interested to invest in Abu Dhabi National Oil Co.'s new gas and petrochemical projects within the UAE, the British company's UAE manager aforementioned on Wednesday.

BP features a 100 % stake in ADNOC LNG, the only producer of the fuel within the UAE. Alternative sharehol...

Saudi, UAE State Oil Firms May Invest In Nigeria

Saudi Aramco and therefore the national capital National company (ADNOC) square measure considering finance in Nigeria’s oil and gas sector, together with within the upstream, midstream, and downstream, Mele Kyari, the top of the Nigerian National fossil oil Corporation (NNPC), aforemention...