ADNOC LNG, a subsidiary of ADNOC, and energy trader Vitol have signed a six-year supply agreement for the sale of 1.8 million tons per annum (mtpa) of post-2022 LNG volumes. The Abu Dhabi-based ADNOC LNG also signed a two-year supply agreement with French oil and gas giant Total for 0.75 mtpa of 2021 and 2022 […]
Abu Dhabi National Oil Company (ADNOC) has signed a $2.1 billion deal to offload a stake of 20% in ADNOC Gas Pipelines HoldCo to UAE state-owned investors Abu Dhabi Pension Fund (ADPF) and ADQ. The deal enables the entry of ADPF and ADQ into ADNOC Gas Pipeline Assets, a natural gas pipeline partnership in the […]
Dalma Gas Development Project contracts : The Abu Dhabi National Oil Company (ADNOC) has awarded two construction contracts worth over $1.65 billion for the offshore facilities for the Dalma gas project in the Ghasha ultra-sour gas concession in the UAE. The two engineering, procurement and construction contracts (EPC contracts) were given to Petrofac Emirates and […]
US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3 from the Abu Dhabi National Oil Company (ADNOC) for a participation fee of AED893 million ($244 million). The concession agreement signed by the two parties will be valid for 35 years. Onshore Block 3 is an onshore […]
Italy’s Eni and Austria’s OMV, through separate agreements, have agreed to acquire stakes of 20% and 15%, respectively in ADNOC Refining – the refining business of Abu Dhabi National Oil Company (ADNOC), for a combined total of $5.8 billion. ADNOC will keep the remaining stake of 65% in the refining company, which boasts of a […]
Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the parties, the French oil and gas giant has secured a stake of 20% in the Umm […]
Eni has signed a couple of concession agreements to acquire a stake of 5% and 10% in the Lower Zakum offshore oil field and the Umm Shaif and Nasr oil, condensate and gas offshore fields, respectively in offshore Abu Dhabi for a price of around $875 million. The stakes bought from ADNOC are for duration […]
Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore concession was granted by the Abu Dhabi National Oil Company (ADNOC), representing the Abu […]
Oil and gas industry news : Three Indian state-controlled oil firms ONGC, Indian Oil Corporation (IOC) and Bharat Petroleum have acquired a 10% stake in consortium in an offshore Abu Dhabi oil field – the Lower Zakum oil field for a price of AED2.2bn ($600m). ONGC and Bharat Petroleum are represented by their international arms […]