#ADNOC Group

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

ADNOC Drilling to acquire 10 hybrid rigs

ADNOC Drilling to acquire 10 hybrid power land rigs for $252m

The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy

Adnoc loistics and services acquires Zakher Marine

Abu Dhabi’s ADNOC L&S acquires Zakher Marine International

The acquisition strengthens ADNOC L&S’ position as region’s largest shipping and integrated logistics company, growing its total fleet to more than 300 vessels

ADNOC Al Nouf

UAE’s ADNOC Group to invest $187m to expand capacity of Al Nouf field

The investment will expand the capacity of ADNOC’s Al Nouf field from 160,000 barrels per day (bpd) to 175,000 bpd by 2024