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ADNOC awards 35-year concession to INPEX
March 18, 2019
Source: Reuters

ADNOC awards 35-year concession to INPEX

Japanese firm, Inpex Corporation has secured an onshore exploration concession in Abu Dhabi’s competitive block bid round. In a company statement released yesterday, state-run firm ADNOC has awarded Onshore Block 4 to Inpex Corp for 35 years. ADNOC said that the Japanese oil company will invest up to $175.89 million in the block.

ADNOC inks $4 bn pipeline infrastructure deal
Feb. 25, 2019
Source: Reuters

ADNOC inks $4 bn pipeline infrastructure deal

UAE state-owned Abu Dhabi National Oil Corporation (ADNOC) has entered into a definitive agreement with U.S. investment firms KKR and BlackRock. The $4 billion midstream pipeline infrastructure deal is expected to close in 3Q2019. While the consortium of KKR and BlackRock will own 40% stakes in the entity, ADNOC will own the rest. ADNOC will also hold sovereignty over the pipelines and management of operations.

ADNOC Refining awards pre-FEED contract to Wood Group
Feb. 22, 2019
Source: Reuters

ADNOC Refining awards pre-FEED contract to Wood Group

UAE state-run ADNOC Refining has awarded a contract to John Wood Group for a new refinery in Ruwais. The contract requires Wood to deliver Pre-Front End Engineering and Designing (Pre-FEED) for the refinery in Ruwais. The contract award is in line with ADNOC’s renewed focus on the downstream sector. The oil major is now accelerating its $45 billion downstream expansion project announced last year.

ADNOC grants $1.36bn contract for artificial islands
Feb. 7, 2019

ADNOC grants $1.36bn contract for artificial islands

UAE state-owned ADNOC yesterday awarded a $1.36 billion contract to UAE’s National Marine Dredging Company (NMDC). The contract requires NMDC to construct 10 artificial islands and 2 causeways in the first development phase of the Ghasha concession. The terms of the contract also require NMDC to expand an existing island. The project will support the development of Ghasha island and is slated for completion in 38 months.

Occidental Petroleum secures onshore block from ADNOC
Feb. 4, 2019
Source: Reuters

Occidental Petroleum secures onshore block from ADNOC

UAE’s state-run oil firm, ADNOC informed on Saturday about awarding an onshore block to US oil and gas firm, Occidental Petroleum. The award will provide Occidental with a 35-year concession to the Onshore Block 3, which spans across an area of 5,782 square kilometres in al-Dhafrah region of Abu Dhabi. Occidental will put in an investment of approximately $244 million during the exploration phase of the block.

Eni, PTTEP receive Abu Dhabi exploration rights
Jan. 14, 2019
Source: World Oil

Eni, PTTEP receive Abu Dhabi exploration rights

Eni SpA and PTT Exploration and Production Pcl have received rights for the exploration of oil and natural gas in Abu Dhabi. The energy majors have committed to invest at least $230 million to assess the offshore blocks. Once the production phase is reached, ADNOC will have the option to retain 60% of the fields. ADNOC’s CEO said “We are engaging with partners who actually put skin in the game”.

OMV gets 5% stakes in Ghasha project
Dec. 20, 2018

OMV gets 5% stakes in Ghasha project

On Wednesday, OMV announced that it has signed a concession agreement with ADNOC. After this agreement, the Austrian oil and gas group will get 5% stakes in the Ghasha offshore gas and condensate fields which in turn will increase its prominence in the region. The Ghasha project of ADNOC includes three major development plans- Hail, Ghasha and Dalma.

ADNOC, Cespa jointly awards contract to Tecnicas Reunidas
Dec. 19, 2018
Source: Reuters

ADNOC, Cespa jointly awards contract to Tecnicas Reunidas

Spanish engineering firm, Tecnicas Reunidas has secured an engineering design contract for ADNOC and Cespa’s joint project in Ruwais. The linear alkylbenzene (LAB) plant will also be the first derivative unit developed under the $45 billion-Ruwais downstream investment programme. An ADNOC statement read that the plant will manufacture 225,000 tonnes of normal paraffins per year and 150,000 tonnes of linear alkyl benzene per year.

Saudi Aramco and ADNOC’s $50b-refinery project in India delayed
Dec. 12, 2018
Source: Reuters

Saudi Aramco and ADNOC’s $50b-refinery project in India delayed

As reported by Reuters, Saudi Aramco and ADNOC’s prominent $50 billion refinery and petrochemical project in India has been delayed by two years. The proposed coastal refinery with 1.2 mbpd processing capacity will be built by RRPL, a JV between state-owned firms and Saudi Aramco and ADNOC. The project is scheduled for commission in 2023.

Zhenhua replaces debt-laden CEFC
Dec. 10, 2018
Source: Reuters

Zhenhua replaces debt-laden CEFC

ADNOC has awarded Zhenhua Oil 4% stakes in its onshore oil concession which was previously owned by CEFC China Energy Co. Ltd. Zhenhua Oil is China’s state owned oil company and is indirectly owned by the Assets Supervision and Administration Commission of the State Council. CEFC bought 4% stakes in onshore oilfields of ADNOC in February 2019 for $900 million.

Wintershall receives 10% stakes in a gas project
Nov. 27, 2018

Wintershall receives 10% stakes in a gas project

Germany’s energy major, Wintershall Holding has been awarded 10% stakes in the Ghasha ultra-sour gas mega project by UAE. The energy giant, Abu Dhabi National Oil Co (ADNOC) informed about this deal on Monday. The foundation of this deal is ADNOC’s new integrated gas strategy which has been focused upon unlocking and maximizing value from Abu Dhabi’s gas reserves. Abu Dhabi wants to be gas self-sufficient in the coming future.

ADNOC to announce its new partners
Nov. 20, 2018

ADNOC to announce its new partners

The state oil giant of UAE, Abu Dhabi National Oil Co (ADNOC) gave 25% stakes of its Ghasha sour gas concession to Italian company, Eni. As per the information from the oil major, it will announce its new partners for this offshore project in the coming weeks. ADNOC said in a statement that the further announcement would revolve around the opening of six oil and gas blocks for competitive bidding.

ADNOC and Saudi Aramco join hands
Nov. 15, 2018
Source: Al Bawaba

ADNOC and Saudi Aramco join hands

The CEOs of Saudi Aramco and ADNOC have signed a strategic framework agreement on Monday for creating opportunities of cooperation in natural gas and LNG sector. Under this, both the companies will function together to assess investment opportunities in these sectors, and exchange knowledge in the growth markets. ADNOC’s CEO said “Increased cooperation between ADNOC and Saudi Aramco will ensure greater energy security and long-term economic prosperity for both nations,”

ADNOC to invest $1.4 billion in Bu Hasa
Nov. 15, 2018
Source: World Oil

ADNOC to invest $1.4 billion in Bu Hasa

ADNOC has taken an important step towards the execution of its 2030 smart growth strategy by investing $1.4 billion in its Bu Hasa field. This investment is to develop and expand the field which in return will increase its crude oil production capacity to 650,000 bpd. ADNOC Onshore, subsidiary of ADNOC operates the field and has awarded EPC contract to Tecnicas Reunidas SA.

Eni to get 25% stakes in ADNOC's mega project
Nov. 14, 2018

Eni to get 25% stakes in ADNOC's mega project

Eni has been awarded 25% stakes in a mega offshore gas project of ADNOC. CEO of Eni and UAE Minister of State and ADNOC’s Group CEO have signed a concession agreement for the same. Under this, Eni will be paying 25% of the development cost to enter the concession. This 40 year term project includes Hail, Ghasha, Dalma and other offshore fields which are located in the Emirate’s Al Dhafra region.

ADIPEC unfolds with keynote speech from ADNOC CEO
Nov. 13, 2018

ADIPEC unfolds with keynote speech from ADNOC CEO

The 4-day long Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) commenced yesterday with the keynote speech by ADNOC's CEO. In his speech, His Excellency Dr. Sultan Ahmed Al Jaber said that the global oil and gas industry will be a critical enabler of economic growth in the 4th Industrial Age. ADIPEC is hosting more than 80 ministers, CEOs, and global oil and gas business leaders as speakers.

ADNOC Onshore awards over £40 million contract to Wood
Nov. 13, 2018
Source: Energy Voice

ADNOC Onshore awards over £40 million contract to Wood

Aberdeen-based Wood has been awarded three new contracts by ADNOC Onshore, subsidiary of Abu Dhabi National Oil Company. The energy services giant signed the contracts for more than £40 million. Under the scope of these contracts, Wood will provide project management consultancy (PMC) services at Adnoc’s onshore fields. The term of the contracts is five years, with an option of one-year extension.

ADNOC awards stakes in concession to Total
Nov. 12, 2018
Source: Saudi Gazette

ADNOC awards stakes in concession to Total

State-owned ADNOC inked an agreement to grant 40% stakes in the Ruwais Diyab Unconventional Gas Concession to Total. The French supermajor will explore, appraise and develop the concession area’s unconventional gas resources. The agreement consists of a six to seven-year exploration and appraisal phase. It will be then followed by a 40-year production term.

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