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 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 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...