#ADNOC

Abu Dhabi

Mubadala, ADNOC and ADQ form alliance to grow green hydrogen economy in the UAE

The alliance will develop a roadmap to create hydrogen production sites in Abu Dhabi and the UAE

Saudi Aramco seeks $7.5bn loan for pipeline investors

The discussions are occurring in parallel with the sale of a stake in a pipeline unit

Abu Dhabi’s ADNOC, ExxonMobil sign agreement to explore R&D opportunities

ADNOC and ExxonMobil will identify areas of mutual interest for conducting R&D and co-developing technology solutions

UAE taps Occidental to boost oil capacity as OPEC cuts rankle

The Supreme Petroleum Council last month approved a $122bn budget to help ADNOC boost production capacity by a fourth to 5 million barrels a day by 2030

ADNOC reportedly eyeing acquisition of offshore oil services firm

Zakher Marine International is working with Bank of America as it weighs its strategic options, including a sale

UAE announces fuel prices for November 2020

Prices will remain unchanged for the eighth consecutive month

Abu Dhabi’s ADNOC grants $324m worth of contracts to optimise onshore field operations

The contracts also include the construction of a new bypass system to backup existing crude receiving stations at the Jebel Dhanna and Fujairah export terminals

Abu dhabi global market

ICE to launch trading in Murban futures contracts in Abu Dhabi in Q1 2021

ICE had announced plans in November last year to launch the platform in partnership with ADNOC

ADNOC and Group 42 launch new AI-focused company in Abu Dhabi

AIQ will develop and commercialise AI products and applications for the oil and gas industry

ADNOC Jebel Dhanna Abu Dhabi

ADNOC awards $245m contracts to upgrade Jebel Dhanna terminal in Abu Dhabi

Over 50 per cent of the total award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme

Abu Dhabi’s ADNOC, Apollo-led consortium enter into $5.5bn investment partnership

The transaction will result in upfront proceeds of $2.7bn to ADNOC and is expected to close before end of 2020, subject to closing conditions and regulatory approvals

ADNOC Ruwais

ADNOC invests $3.5bn to upgrade Ruwais refining capability

Upon completion in mid-2022, the upgrade will allow ADNOC to process up to 420,000 bpsd of heavier and sourer grades of crude oil in Ruwais

Abu Dhabi seeks local investors for $21bn pipeline

ADNOC is discussing moving its 51 per cent holding in the pipelines into a special-purpose vehicle

ADNOC considers stake sale in $5bn of properties

The plan is in its inception stage and could still change

Abu Dhabi moves to get more value from oil with chemical venture

ADNOC and its partner, ADQ, agreed to invest in and manage downstream activities at the planned Ruwais Derivatives Park

ADNOC hires Morgan Stanley veteran Klaus Froehlich as CIO

Froehlich spent 16 years working at Morgan Stanley in Europe and the Middle East

Abu Dhabi City United Arab Emirates

Abu Dhabi follows Saudis in raising crude prices amid OPEC+ cuts

Murban for March sold at a $1.88 premium over the regional benchmark before plunging to discounts. For July, it will sell at a $1 premium

Abu Dhabi said to near pipeline stake sale to GIP-backed group

A deal could value the pipelines at more than $15bn, including debt

ADNOC Distribution Service Station

ADNOC Distribution’s Q1 net profit down 31%

Its underlying EBITDA grew 4.7 per cent year-on-year to $171m in the first quarter of 2020

Abu Dhabi’s main refinery makes China sales push after servicing

Prior to the pandemic, the plant had been mostly targeting Europe for sales of low-sulfur diesel and jet fuel

ADNOC announces self-service refuelling pilot in Abu Dhabi

Initiative could eventually be rolled out across the emirate