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Tag Archives: ADNOC

ADNOC evluating chemical investment in India

The Abu Dhabi National Oil Company, ADNOC, Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding, MoU, to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of …

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ADNOC, Gazprom working on EOR and value-added partnership

The Abu Dhabi National Oil Company,ADNOC, signed today a comprehensive strategic framework agreement with the Public Joint Stock Company Gazprom Neft,Gazprom Neft, to explore new opportunities for collaboration in both the upstream and downstream sectors, as well as in artificial intelligence and other innovative technologies. The cooperation brings together two …

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ADNOC devising smart strategies to tackle energy demands

The Abu Dhabi National Oil Company, ADNOC, is creating new opportunities for partnerships and investments as it pursues a balanced smart growth strategy and drives responsible production to reliably meet the world’s growing energy demand, according to Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group …

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ADNOC pushes educational initiative with Bloomberg

The UAE Ministry of Education, the Abu Dhabi National Oil Company, ADNOC, and Bloomberg L.P. signed today a Memorandum of Understanding, MoU, to implement a training and development programme — called the ADNOC-Bloomberg Education Initiative. The initiative is designed to equip a new generation of students with the specialised financial …

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Russian energy minister meets with ADNOC officials

Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company,ADNOC, and Mr. Alexander Novak, Minister of Energy of the Russian Federatio, met to explore potential opportunities for collaboration as ADNOC seeks to expand its strategic partnership and investment base across its …

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24th World Energy Congress in Abu Dhabi

More than 200 of the most respected energy experts, pioneers and decision makers from around the globe have now been lined up to lead the discussions at the 24th World Energy Congress in Abu Dhabi. Held from 9th to 12th of September at Abu Dhabi National Exhibition Centre, ADNEC, the …

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Year of Tolerance celebrated by UAE oil sector

Abu Dhabi Future Energy Company, Masdar, and First Abu Dhabi Bank, FAB, are celebrating the Year of Tolerance in the UAE by helping an Abu Dhabi-based school for people of determination to drastically reduce its electricity and water bills. Funds raised from a special co-branded, biodegradable credit card, launched at …

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Abu Dhabi’s Haliba field begins production

Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company, ADNOC, the Korea National Oil Company, KNOC, and GS Energy, and one of ADNOC’s youngest operating companies, announced, today, it has begun producing crude oil from Abu Dhabi’s Haliba field and discovered potential resources in three new …

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ADNOC and Saudi Aramco sign framework agreement

The Abu Dhabi National Oil Company, ADNOC, signed, today, a framework agreement with Saudi Aramco, to explore potential opportunities for collaboration in the natural gas and liquefied natural gas, LNG, sectors. The cooperation brings together two of the world’s leading energy producers from the Arabian Gulf to work together in …

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ADNOC concludes LPG agreement with China’s Wanhua

The Abu Dhabi National Oil Company (ADNOC) announced, today, it has concluded a new long-term Liquefied Petroleum Gas (LPG) sales agreement with Wanhua Chemical Group of China. Under the terms of the 10-year contract, Wanhua will purchase up to 1 million metric tonnes of LPG per annum. The agreement, which …

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ADNOC Roundtable to rally global energy leaders

Twenty-seven of the world’s leading oil industry chief executives will gather, in Abu Dhabi, on 11th November, to discuss the impact of digitalisation, technology and the Fourth Industrial Age on the future of the global oil and gas industry. The senior executives, representing many of the world’s major oil, gas …

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ADNOC strategy makes international headlines

International economic and oil media outlets highlighted the outcomes of the Supreme Petroleum Council, SPC, which took place yesterday and was led by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed Forces and Deputy Chairman of the SPC. …

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ADNOC oil and gas expansion strategy approved

Abu Dhabi’s Supreme Petroleum Council (SPC) approved, today, the Abu Dhabi National Oil Company’s (ADNOC) new integrated gas strategy and plans to increase its oil production capacity to 4 million barrels per day (mmbpd) at the end of 2020 and 5mmbpd by 2030. The SPC meeting was presided over by …

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Adnoc CEO: Diversification is the name of the game

Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc) participated in the second annual ‘Future Investment Initiative Conference’, held in Riyadh, Saudi Arabia, on Tuesday. The conference sees global leaders from both the public and private sectors convene …

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Adnoc completes Nasr field facilities

Abu Dhabi National Oil Company (Adnoc) on Sunday said that it successfully and safely completed the installation of all Nasr supercomplex facilities. “This megastructure is one of the largest supercomplexes in the world, with Nasr field contributing to Adnoc’s end of 2018 oil production capacity target of 3.5 million barrels …

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Adnoc aims to deepen energy ties with India

Dr Sultan Ahmad Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc), met Prime Minister of India Narendra Modi at an invitation-only energy leaders’ roundtable, as the UAE seeks to expand partnership and investment opportunities, especially in the energy sector. The roundtable, …

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Adnoc achieves full production of propylene at Ruwais

Abu Dhabi National Oil Company (Adnoc) announced on Wednesday that it has reached full production of polymer-grade propylene from its newly commissioned Propane Dehydrogenation (PDH) unit located in the Ruwais petrochemical complex. The PDH unit is a key element of Adnoc Refining’s expansion strategy to help create maximum value for …

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Adnoc commissions new petrochemical unit

Abu Dhabi National Oil Company (Adnoc) announced that it has successfully completed the commissioning of a specialised coker unit as part of its Carbon Black and Coker Project. The development comes as the national oil company moves ahead with its aggressive downstream strategy to increase the production of petrochemical products …

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Adnoc awards $1.6b contract to China’s CNPC

Abu Dhabi National Oil Company (Adnoc) on Thursday awarded contracts worth Dh5.88 billion ($1.6 billion) to an affiliate of China National Petroleum Corporation (CNPC) to conduct the world’s largest 3D onshore and offshore seismic survey to find new oil and gas reserves. The contract was awarded to to BGP Inc, …

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Adnoc to deepen ties with Chinese energy firms

Abu Dhabi National Oil Company (Adnoc) is planning to deepen investment and partnership opportunities with Chinese energy firms as demand for energy and petrochemical products grows in the world’s top oil importer. “Energy cooperation is an important aspect of the UAE’s relations with China, which is the number one oil …

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Adnoc eyes Asia Pacific markets with downstream expansion

Abu Dhabi National Oil Company (Adnoc)’s plans to invest $45 billion (Dh165 billion) alongside partners over the next five years to create the single largest integrated refining and petrochemicals destination in the world at Ruwais will help the UAE gain market share dominance, especially in Asia-Pacific, experts said. As per …

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Adnoc, Morocco’s OCP plan fertiliser joint venture

The Abu Dhabi National Oil Company (Adnoc) and the OCP Group of Morocco (OCP) are planning to explore the phased creation of a new global fertiliser joint venture to boost their presence globally and extend their partnership further. The two companies already have a partnership established through the existing long-term …

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Adnoc awards OMV 20% stake in offshore concession

Abu Dhabi National Oil Company (Adnoc) signed an agreement awarding Austrian firm OMV a 20 per cent stake in Abu Dhabi’s SARB and Umm Lulu offshore concession. The signing of the agreement, which has a term of 40 years from March 9, 2018 was witnessed by His Highness Shaikh Mohammad …

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Adnoc’s Downstream Investment Forum to take place in May

The Abu Dhabi National Oil Company (Adnoc) today announced its plans to unveil its detailed downstream strategy and expansion plans for the Ruwais Industrial Complex, as well as introduce new partnership and investment opportunities at the Adnoc Downstream Investment Forum, in Abu Dhabi, on May 13 and 14. According to …

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Adnoc Distribution approves Dh735m dividend payment

Shareholders of Adnoc Distribution, the fuel retailing subsidiary of the UAE’s state oil giant, on Sunday approved a Dh735 million (Dh5.88 fils per share) dividend payment, at the company’s first annual general meeting (AGM). The dividend was approved following a report of the company’s performance, which highlighted the significant achievements …

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Al Jaber meets Japanese Premier

Sultan Bin Ahmad Sultan Al Jaber, Minister of State and Group CEO of the Abu Dhabi National Oil Company, Adnoc, has met with Shinzo Abe, Prime Minister of Japan, as well as senior government and corporate leaders, during a visit to Tokyo, as Adnoc seeks to expand strategic partnership and …

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