#ADNOC Group

UAE’s ADNOC says gas unit share sale can unlock ‘significant value’

UAE’s ADNOC says gas unit share sale can unlock ‘significant value’

The energy firm said the value of its gas unit can be enhanced by inclusion in wider market indexes and with a broader shareholder base

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement

ADNOC Group to acquire Covestro for about $15.9bn: FT reports

ADNOC to acquire Covestro for about $15.9bn: FT reports

Covestro said in June it was stepping up talks with ADNOC after the UAE’s national energy company made an improved takeover bid

ADNOC signs multi-year LNG supply agreement with IndianOil

ADNOC signs multi-year LNG supply agreement with IndianOil

The LNG will primarily come from the state-owned energy firm’s lower-carbon Ruwais LNG project

UAE’s ADNOC deploys Neuron 5 for AI-powered efficiency

UAE’s ADNOC deploys Neuron 5 for AI-powered efficiency

The energy firm plans to expand Neuron 5’s application to all the group’s facilities across thousands of critical pieces of production equipment

ADNOC Group’s listed units post Dhs89bn in combined H1 2024 revenue

ADNOC Group’s listed units post Dhs89bn in combined H1 2024 revenue

The robust performance reinforces the companies’ foundation for sustained growth as they continue to execute individual strategies

ADNOC DISTRIBUTION CEO - SUPPLIED

Exclusive: Bader Al Lamki discusses ADNOC Distribution’s double-digit growth and future plans

ADNOC Distribution CEO Bader Al Lamki reveals the strategic pillars and innovative measures driving the company’s robust growth

Borouge, ADNOC to develop specialty polyolefins complex in China

Borouge, ADNOC to develop specialty polyolefins complex in China

The proposed complex is projected to produce 1.6 million tonnes per annum of speciality polyolefins

Global energy firms take 40% stake in ADNOC LNG plant

ADNOC’s Ruwais LNG sells 40% stake to Shell, Total, BP, Mitsui

The state energy giant said it now has buyers lined up for 70 per cent of the plant’s 9.6 million-tonne annual production capacity

ADNOC pays off ADNOC Distribution’s $1.19bn bond

UAE’s ADNOC pays off $1.19bn to ADNOC Distribution bondholders

The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution

ADNOC Group offers 5.5% stake in drilling unit

UAE’s ADNOC Group offloads $935m stake in drilling unit

The state energy firm offloaded 880 million shares at Dhs3.90 apiece, approximately 70 per cent above the IPO price of Dhs2.30

ADNOC to start production at Ras Al Sadr gas field

ADNOC Group to begin production at Ras Al Sadr gas field

The field has production capacity of up to 100 million standard cubic feet of gas per day

ADNOC boosts oil production capacity to 4.85 million bpd

Abu Dhabi’s ADNOC says oil production capacity hits 4.85 million bpd

The announcement comes just ahead of a June 1 meeting in Vienna of the OPEC+ alliance

Presight buys 51% stake in G42, ADNOC tech JV

Abu Dhabi’s Presight acquires 51% stake in G42, ADNOC tech venture

ADNOC will take a 4 per cent stake in Presight currently owned by G42, in exchange for 11 per cent of its shareholding in AIQ

How ADNOC generated $500m in extra value from AI solutions

How ADNOC generated $500m in extra value from AI solutions

The oil firm’s use of AI technologies abated up to one million tonnes of carbon dioxide emissions between 2022 and 2023

ADNOC closes acquisition of 24.9% stake in OMV

ADNOC buys 25% stake in 68-year-old Austrian chemical group

The company said it intends to nominate two representatives to the OMV supervisory board

Why ADNOC is teaming up with BP for Egypt gas venture

Here’s why ADNOC is teaming up with BP for Egypt gas venture

The deal, which is subject to regulatory approvals, is likely to be completed in the second half of this year

ADNOC bumps up decarbonisation budget to $23bn

UAE’s ADNOC bumps up decarbonisation budget to $23bn

The increased allocation will include investments to grow the company’s domestic and international carbon management platforms

ADNOC, Australia’s Santos to collaborate on carbon capture

Carbon capture: ADNOC, Australia’s Santos team up

The technology that could emerge from the cooperation would help support the companies’ customers in the Asia-Pacific region

ADNOC Gas awards 615m contract for carbon capture projects

ADNOC awards Petrofac $615m carbon capture projects contract

The engineering, procurement and construction contract was awarded to Petrofac Emirates

UAE’s AGDA launches Centre for Climate Diplomacy

UAE’s AGDA launches Centre for Climate Diplomacy

The centre aims to emphasise the importance of research in guiding the UAE’s policies on climate change

ADNOC Gas signs multimillion LNG supply deal with PetroChina

ADNOC Gas signs multimillion LNG supply deal with PetroChina

The deal follows several significant international LNG sales agreements, including India Oil Corporation

ADNOC Gas reports $2.3bn in half-year net income

ADNOC Gas’ H1 2023 net income plunges to $2.3bn

Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review

ADNOC L&S reports net profit in H1 2023

UAE’s ADNOC partners with Occidental to explore CCU investments

The partnership will assess the joint development of direct air-capture plants in the UAE that can absorb carbon dioxide out of the sky

GCC stock markets are hitting record highs

GCC stock markets are hitting record highs. Here’s why

After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term

ADNOC to open high-speed hydrogen refueling station

ADNOC to build Middle East’s first high-speed hydrogen refuelling station

The pilot programme will study how hydrogen with high-speed refuelling can best be used in mobility projects

ADNOC Drilling

ADNOC Drilling acquires two new jack-up rigs for $220m

The rigs will become operational in the fourth quarter of 2023

ADNOC Baker Hughes agreement

ADNOC, Baker Hughes partner to advance hydrogen technology

The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030

ADNOC Group AlRuwais plant

ADNOC Group to build new low-carbon LNG plant in Ruwais

The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision

ADNOC GAS processing tanks

ADNOC Gas’ annual pro forma net profit surges by 37%

The company’s unaudited combined pro forma results follow its record IPO earlier in March