Oil prices rise over 2% on Tuesday
Oil prices rose more than 2 per cent on Tuesday to their highest levels since July 31 as hopes for a US-Iran deal…
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ADNOC
Oil prices fall over 1% on Monday
Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to raise its production target for August and…
Egypt, ADNOC unit AIQ discuss AI applications in oil and gas
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawy met Dennis Jol, CEO of AIQ, a subsidiary of the…
Egypt’s Petroleum Min inspects rig for 5 new Gas wells as BP, Arkeus boost investments
Egypt’s Minister of Petroleum Karim Badawi inspected the drilling vessel Valaris DS-12 on Saturday. The vessel has…
Valaris DS-12 begins drilling 4 gas wells in Egypt – ministry
The drillship Valaris DS-12 has arrived in Egyptian waters to begin drilling four new gas wells in the…
Arcius Energy acquires North El Burg concession in Egypt
Arcius Energy, a joint venture between BP and ADNOC’s affiliate XRG, has acquired on Wednesday full production and…
Egypt, ADNOC discuss Arcius Energy’s plans to double gas output in 5–7 years
Egypt’s Petroleum Minister Karim Badawy met on Tuesday with executives from Abu Dhabi National Oil Company (ADNOC)…
Egypt eyes new UAE energy investments
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held talks in Abu Dhabi with Sultan Ahmed Al Jaber…
Egypt expects over $700m in oil, gas investments
Egypt is expecting investments exceeding $700 million in oil and gas exploration following the closure of bidding…
UAE’s ADNOC announces separate low-carbon firm
Abu Dhabi National Oil Company (ADNOC), the UAE’s largest oil producer, announced the creation of XRG, a new…
ADNOC to acquire Covestro AG for AED254 per share
ADNOC International Limited (ADNOC International) has entered into an investment agreement with Covestro AG, a…
ADNOC, IndianOil sign 15-yr LNG agreement
ADNOC has signed a 15-year Heads of Agreement with IndianOil for the supply of 1 million metric tonnes per annum…
ADNOC, PETRONAS, Storegga partner for Malaysia CO2 storage
ADNOC, PETRONAS, and Storegga have signed a Joint Study and Development Agreement (JSDA) to assess and develop…
UAE’s ADNOC boosts SARB field output 25%
ADNOC’s offshore Satah Al Razboot (SARB) field has achieved a 25 per cent increase in production capacity, reaching…
Murban Crude trading hits record high in Q2
Intercontinental Exchange, Inc. announced record trading activity for Murban crude in the second quarter of 2024.
Japan’s Mitsui starts building ammonia plant in UAE
Mitsui & Co. has started building a new ammonia production facility in the UAE with ADNOC.
ADNOC pursues Covestro in €11.7b bid
Covestro AG is in advanced negotiations with Abu Dhabi National Oil Co. (ADNOC) regarding a potential takeover bid…
ADNOC redeems exchangeable bonds, retains stake in ADNOC Distribution
ADNOC has announced the complete redemption of its US Dollar-denominated senior unsecured bonds, also known as…
ADNOC plans stake sale in drilling unit
Abu Dhabi's ADNOC has announced plans to divest approximately 5.5 per cent of its stake in its drilling unit, over…
ADNOC acquires Galp stake in Mozambique
ADNOC announced the acquisition of Galp’s 10 per cent stake in Mozambique's Area 4 concession in the Rovuma basin,…
ADNOC enters US gas market
The UAE's ADNOC has made its first investment in the United States by acquiring a share in NextDecade Corp.'s…
Germany’s EnBW strikes 15-year supply deal w/ UAE’s ADNOC
German utility company EnBW announced the signing of a 15-year liquefied natural gas (LNG) contract with Abu Dhabi…
Shell, TotalEnergies, Mitsui in talks with ADNOC to invest in UAE’s LNG export…
Shell, TotalEnergies, and Mitsui & Co. are in discussions to invest in Abu Dhabi National Oil Co. (Adnoc)…
ADNOC prioritises Murban over Zakum
UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised…
BP, ADNOC establish Egypt-focused gas JV
UAE's Abu Dhabi National Oil Company ADNOC and BP have on Wednesday announced an agreement to form a new joint…
Saudi Aramco eyes Indian ventures
Saudi Aramco, the state oil behemoth, is currently negotiating investment opportunities with Indian firms, as…
ADNOC approves emission reduction investments worth $23 bln
ADNOC’s board of directors approved increasing the investments in the emission reduction projects to AED 84 billion…
Major Gulf stock markets dip amid falling oil prices
Major stock markets in the Gulf dropped on Thursday amid falling oil prices.
Sultan Al Jaber in Time’s list of most influential climate leaders
Time magazine has included UAE’s Sultan Al Jaber in its list of the 100 Business Leaders Who Are Driving the…
ADNOC awards $615mln carbon capture contract for UK’s Petrofac
UK’s Petrofac confirmed on Tuesday that it has been awarded a $615 million Engineering, Procurement and…
UAE’s ADNOC, TAQA secure financial closing for $2.2bln water project
Abu Dhabi National Oil Company (ADNOC) said on Monday that it has secured the financial closing of $2.2 billion…
Egypt sees $9mn oil, gas investments till FY2024-end: minister
Egypt’s Ministry of Petroleum raised its forecast for investments in the oil and gas sector from $8 billion to $9…
UAE’s ADNOC signs $500 mln LNG supply deal with Japan
Abu Dhabi National Oil Company (ADNOC) signed a five-year liquefied natural gas (LNG) supply deal worth between…
ADNOC Gas awards $3.6bn contract to expand processing infrastructure
ADNOC Gas has signed a $3.6 billion contract to a joint venture between National Petroleum Construction Company…
UAE’s ADNOC plans to acquire 30% stake in Absheron gas field
Abu Dhabi National Oil Company (ADNOC) would acquire a 30 percent equity stake in the Absheron gas and condensate…
ADNOC Gas awards $1.34bln contracts for new natural gas pipeline
Abu Dhabi National Oil Company (ADNOC) announced on Monday the award of $1.34 billion in contracts to enhance its…
ADNOC gets $975 mln contract to build artificial island
ADNOC Logistics and Services announced on Thursday that it got a $975 million contract to implement and construct…
ADNOC’s logistics unit looks to raise up to $607mln in IPO
ADNOC Logistics and Services announced on Tuesday that it looks to raise as much as $607 million from the IPO of a…
ADNOC Drilling’s earnings surge by 25% in Q1 of 2023
ADNOC Drilling company, a subsidiary of Abu Dhabi's state oil company ADNOC, reported on Thursday a net profit of…
ADNOC plans to list 15% stake in logistics unit IPO
Abu Dhabi's main energy company ADNOC announced on Wednesday its plans to list 15 percent of its logistics and…