ADNOC (Abu Dhabi National Oil Company) has received a significant endorsement from Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan for its final investment decision on the Ruwais LNG project, along with approval for a nearly $5.5 billion engineering, procurement, and construction (EPC) contract. Strategic Expansion and Economic Impact In a […]
In a significant expansion of its strategic partnerships, the Abu Dhabi National Oil Company (ADNOC) has granted a 3% participating interest in the SARB and Umm Lulu offshore concession to the State Oil Company of Azerbaijan Republic (SOCAR). This deal, which fortifies the energy ties between the United Arab Emirates (UAE) and Azerbaijan, reflects both […]
Abu Dhabi National Oil Company (ADNOC) has marked a significant stride in its international expansion by acquiring a 10% interest from Galp in the Area 4 concession of the Rovuma Basin in Mozambique. This acquisition, pivotal in ADNOC’s international growth strategy, entitles ADNOC to a share of the liquefied natural gas (LNG) production from the […]
ADNOC (Abu Dhabi National Oil Company) has announced a significant 15-year Heads of Agreement with EnBW Energie Baden-Württemberg AG, one of Germany’s leading energy companies. This deal involves the delivery of 0.6 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) sourced from ADNOC’s innovative Ruwais LNG project. The agreement reinforces ADNOC’s role […]
The Abu Dhabi National Oil Company (ADNOC) has announced the issuance of a Limited Notice to Proceed (LNTP) for the preliminary phases of engineering, procurement, and construction (EPC) for the Ruwais LNG project, its avant-garde low-carbon liquefied natural gas (LNG) project. This initiative, based in Al Ruwais Industrial City, Abu Dhabi, involves a collaboration with […]
In a landmark move set to redefine the energy sector in Egypt, Abu Dhabi National Oil Company (ADNOC) and British petroleum giant bp have announced the formation of a new joint venture (JV), signaling a significant shift towards enhancing Egyptian energy security and fostering regional economic potential. This JV, owned 51% by bp and 49% […]
Abu Dhabi National Oil Company P.J.S.C. (ADNOC) has announced a significant agreement to acquire OCI Global (Euronext: OCI)’s majority shareholding in Fertiglobe plc for AED 13.28 billion ($3.62 billion). This transaction, which is set to close in 2024, will make ADNOC the majority shareholder in Fertiglobe, a leading player in the global ammonia and nitrogen […]
Saipem, in partnership with the National Petroleum Construction Company (NPCC), has announced the signing of a letter of award (LOA) with the Abu Dhabi National Oil Company (ADNOC). The LOA pertains to a contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates, with Saipem’s share of the […]
ADNOC has taken a significant step towards its Net Zero by 2045 ambition by announcing the final investment decision and contract awards for the Hail and Ghasha Offshore Development project. This groundbreaking project is set to operate with net zero carbon dioxide (CO2) emissions, aligning with ADNOC’s commitment to responsible energy production and decarbonization. The […]
ADNOC Gas plc, a significant player in integrated gas processing, has finalized an agreement to supply Liquefied Natural Gas (LNG) to PetroChina International Company Limited, a subsidiary of PetroChina Company Limited, one of China’s foremost oil and gas producers. The contract is valued between $450 million (AED1.65 billion) and $550 million (AED2 billion). Growing Global […]