ADNOC Gas, an affiliate of the Abu Dhabi National Oil Company (ADNOC), is set to expand its reach in the global liquefied natural gas (LNG) market through a $5 billion acquisition of ADNOC’s 60% stake in the Ruwais LNG project. Scheduled for completion by the second half of 2028, this acquisition reinforces ADNOC Gas’s mission […]
ADNOC has entered into a substantial engineering, procurement, and construction (EPC) agreement with Jereh Oil & Gas Engineering Corporation, valued at AED 3.38 billion ($920 million). This pivotal contract will see the installation of advanced remote sensing and well operation technologies at ADNOC’s onshore Bab, Bu Hasa, and Southeast fields, significantly broadening the scope of […]
ADNOC, in collaboration with AIQ, has announced the expansion of its AI-driven AR360 solution to over 30 reservoirs within its upstream operations, after successful initial testing earlier this year. The solution, deployed in early 2024 at Bab and Umm Shaif fields, showcases ADNOC’s commitment to integrating artificial intelligence across its value chain to improve safety, […]
The Abu Dhabi National Oil Company (ADNOC) has entered into a significant 15-year agreement with Indian Oil Corporation Ltd (IndianOil) for the supply of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). This agreement positions IndianOil as ADNOC’s largest LNG customer by 2029, with a total offtake of 2.2 mmtpa. This […]
PETRONAS, the Abu Dhabi National Oil Company (ADNOC), and Storegga have announced a significant Joint Study and Development Agreement (JSDA) to enhance carbon dioxide (CO2) emissions storage capabilities in the Penyu basin, offshore Peninsular Malaysia. This landmark agreement aims to achieve a CO2 capture and storage capacity of at least 5 million tonnes per annum […]
In a significant move for the global energy sector, the Abu Dhabi National Oil Company (ADNOC) has finalised a long-term Heads of Agreement with Japan’s Osaka Gas for the supply of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG). This deal represents ADNOC’s inaugural long-term LNG agreement with Osaka […]
Mitsui & Co., Ltd. Has announced a significant investment decision in the Ruwais LNG project located in Al Ruwais Industrial City, Abu Dhabi, United Arab Emirates. This development, steered by Abu Dhabi National Oil Company (“ADNOC”), marks a substantial venture into natural gas liquefaction, with Mitsui’s wholly-owned subsidiary MBK Investment Management Netherlands B.V. (“MIM”) collaborating […]
During a high-profile meeting and signing ceremony, His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, engaged with leaders of the world’s top energy companies to discuss the future of the energy sector. The focus was on the United Arab Emirates’ […]
Shell Overseas Holdings Limited, a subsidiary of Shell plc, is set to enhance its position in the global liquefied natural gas (LNG) market by acquiring a 10% participating interest in the Abu Dhabi National Oil Company’s (ADNOC) Ruwais LNG project. This strategic move, announced at a recent industry gathering, underscores Shell’s commitment to sustainable energy […]
ADNOC and e&, the global technology group, have announced a strategic project to construct the energy industry’s largest private 5G wireless network, covering an extensive area of 11,000 square kilometers. This expansive network aims to enhance high-bandwidth connectivity across ADNOC’s vast onshore and offshore operations, set to revolutionize how the company integrates advanced artificial intelligence […]