Two offshore contracts worth over $3.4 billion are won by ADNOC Drilling

The Abu Dhabi National Oil Company (ADNOC) has announced the award of two contracts to ADNOC Drilling for the hiring of eight offshore jack-up rigs to boost production capacity, totalling more than $3.4 billion (AED12.6 billion).

According to a statement released by ADNOC Offshore on Th...

Adnoc is aware of products with a $19 billion potential for local manufacture

The Abu Dhabi National Oil Company (Adnoc) declared on Tuesday that it had identified products in its pipeline for purchases worth Dhs70 billion ($19 billion) that could be produced locally.

Adnoc negotiated contracts for local manufacturing opportunities of Dhs21 billion ($5.7 billion)...

Borouge's $2 billion investment The IPO in Abu Dhabi has attracted Asia's richest man

The United Arab Emirates (UAE) largest oil company and Borealis AG are planning an initial public offering (IPO) of their chemicals joint venture in Abu Dhabi, which is expected to be the emirate's largest-ever listing.

The IPO offer price for Borouge has been set at 2.45 dirhams pe...

ADNOC and Borealis will sell a 10% stake in their joint venture polymer giant Borouge to the public

On Wednesday, Abu Dhabi National Oil Company (ADNOC) and its long-time partner Borealis AG announced their plan to list 10% of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) in an initial public offering (IPO).

Subject to regulatory approvals...

Adnoc purchases a 25% interest in Borealis

On Friday, the Abu Dhabi National Oil Company (Adnoc) and Mubadala Investment Company (Mubadala) established a strategic partnership with Borealis AG (Borealis), one of Europe's premier petrochemical firms. Adnoc will purchase a 25% stake in Borealis from Mubadala under the terms of the agree...

Adnoc Awards the Largest Sum to the Most Competitive Oil Companies

Abu Dhabi National Oil Company (Adnoc) has agreed to award a sum of $1.94 billion to various companies that are domestic and international, in aim that it would furthher boost the growth, and would add to the drilling growth of the capacity of the oil production of Emirates.

On Thursday...

ADNOC Announced as the Fastest-Growing Brand of Oil and Gas in the World

The Abu Dhabi National Oil Corporation has been announced as the world’s fastest-growing brand of oil and gas. A study reveals that the Chief Executive Officer of the oil and gas giant, Dr. Sultan Al Jaber, has been ranked the highest in the world outside of China and the United States. Thi...

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...

UAE Should Hold COP28 Talks on Oil and Gas

The third-biggest producer of OPEC is going to host the COP28 in the United Arab Emirates in 2023.

On 18th January, the Minister of Industry and Advanced Technology of the UAE, Dr. Sultan bin Ahmad Sultan al Jaber, said that the discussions during the COP28 should also include the input...

Drone Attack in the UAE Kills 3

The Abu Dhabi Police has reported that a suspected drone attack caused an explosion that struck 3 oil tankers and a fire at the Abu Dhabi International Airport resulting in the death of three individuals and wounding another six on Monday.

The dead have been identified by the police tha...

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.

...

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...

Indonesia initiates billions of dollars of energy and trade deals in Abu Dhabi

During the recent visit of Indonesian President Joko Widodo to Abu Dhabi, he announced a deal of worth $18.8 billion within the energy and trade sector. This includes Pertamina’s deal with Abu Dhabi National Oil Co to upgrade a West Java refinery.

According to reports, some of the...

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...

ADNOC Doubling Optimization of Oil and Gas Resources through Virtual Hive

As far as communications from the oil and gas industry are concerned, Dr Sultan Al Jaber, chief executive of the state-owned Abu Dhabi National Oil Company (ADNOC), recently offered his colleagues a pretty compelling one.

"The age of technological transformation for the industry is...

Promising co-operations between Russia & United Arab Emirates on hydrocarbons

On Wednesday, 10th July, a meeting was held between the Energy Minister of Russia ‘Alexander Novak’ and the Chief Executive Officer of the Abu Dhabi National Oil Company, Mr. Sultan Ahmed Al Jaber. Alexander Novak had a discussion with the Chief Executive Office on issues regarding the mutual coo...

UAE’s Association for shipping looks for expansion opportunities

The UAE Shipping Association (UAESA) was established 12 years prior. However, Tahir Lakhani, UAESA Vice-Chairman, demonstrates that in that time the UAE has been substantially more helpful for outside organizations than household ones, inferable from an absence of choices for ship fund. "We are a...