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ADNOC to announce its new partners category
today

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 category
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 category
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 category
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 category
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 category
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 category
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.

Energy Leaders' Roundtable in India category
Oct. 16, 2018

Energy Leaders' Roundtable in India

Indian Prime Minister, Narendra Modi and UAE Minister of States and Group CEO of ADNOC, Sultan Ahmed Al Jaber met at an invitation-only energy leaders’ roundtable. Al Jaber stressed on expanding investment and partnership opportunities, mainly in the energy sector. He said, “ADNOC is ready to work with its existing and potential new partners to meet the growing demand for energy and petrochemical products in India,”

BHGE to acquire 5% stake in ADNOC category
Oct. 9, 2018
Source: World Oil

BHGE to acquire 5% stake in ADNOC

Oilfield services giant, BHGE has acquired 5% stake in Abu Dhabi’s state-owned, ADNOC Drilling. This is the first time an international partner has taken a direct equity stake in an existing ADNOC services business. BHGE will provide ADNOC Drilling with specialized equipment and technologies. ADNOC Drilling, which is the Middle East’s largest drilling company, supplies oil rigs to other ADNOC businesses.

ADNOC achieves target at Ruwais facility category
Sept. 20, 2018

ADNOC achieves target at Ruwais facility

The newly commissioned Propane Dehydrogenation (PDH) unit at the Ruwais facility of ADNOC Refining has achieved full production of polymer-grade propylene. ADNOC Refining CEO regarded the PDH unit as a key element of ADNOC Refining’s expansion strategy, enabling maximum value for ADNOC’s downstream productions. The PDH unit processes propane to generate half a million tons per year of polymer-grade propylene.

ADNOC commissions new coker unit category
Sept. 3, 2018
Source: Guld News

ADNOC commissions new coker unit

Continuing on the downstream expansion strategy, oil major, Abu Dhabi National Oil Company (ADNOC) incorporated a specialised coker unit as part of its Carbon Black and Coker Project. The new delayed coker unit will enable ADNOC to recover highly specialised and valuable grades of carbon black and calcined coke. The UAE state-owned firm is eyeing the growth in Asian market for its petrochemical business.

ADNOC LNG strikes deal with JERA category
Aug. 10, 2018
Source: NEWSBASE

ADNOC LNG strikes deal with JERA

Japanese joint venture, JERA has entered into a Memorandum of Agreement with ADNOC LNG for the purchase of upto eight cargoes of LNG. The deal term is for 3 years, ending in 2021. JERA said in a statement that the deal will help the venture to respond to LNG demand fluctuations. The Japanse JV has in the recent times struck a lot of deals for LNG purchase.

ADNOC awards a contract to Advisian category
July 24, 2018

ADNOC awards a contract to Advisian

ADNOC has awarded a pre-FEED preparation and licensor evaluation contract to the Worley Parsons’ global consulting firm, Advisian. The firm will carry out the pre-FEED and the licensor assessment for the expansion of Borouge-4 Plant, which is under the JV between ADNOC and Borealis. ADNOC is planning to invest over $45b in its downstream operations to build the world’s largest integrated refining and petrochemical facility in Ruwais.

ADNOC and CNPC finalising a deal category
July 7, 2018
Source: Reuters

ADNOC and CNPC finalising a deal

ADNOC and Chinese state-owned CNPC are believed to be closing in on a deal pertaining to a major investment into upstream and downstream businesses. The UAE oil major is putting into execution its plans to almost double its refining capacity and triple petrochemicals output potential by 2025. ADNOC has diverted its focus on the expansion of its downstream division to capture new growth markets.

ADNOC shows inclination towards sports category
July 6, 2018

ADNOC shows inclination towards sports

As part of their three year agreement, Abu Dhabi Sports Council (ASDC) and ADNOC are coming together to host the first Abu Dhabi Marathon. The marathon, scheduled in December, will be organized over a course of 42.195 km and will showcase the city of Abu Dhabi to the world. ADNOC has entered into an agreement with ASDC which gives the company rights to name events.

ADNOC confirms abundant oil supply category
July 3, 2018

ADNOC confirms abundant oil supply

ADNOC today assured that it stands ready to boost its production in accordance with OPEC directives. The company has a production capacity of approximately 3.3 million bpd presently, and is moving positively towards its plan of increasing production capacity to 3.5 million bpd by the end of this year.

ADNOC hands over field development contract to NPCC category
July 3, 2018
Source: Gulf News

ADNOC hands over field development contract to NPCC

Al Yasat, a joint venture between ADNOC and Chinese oil giant CNPC, has granted Bu Haseer field development contract to Abu Dhabi’s National Petroleum Construction Company (NPCC). The scope of the agreement involves engineering, procurement, construction, and commissioning (EPCC) activities for offshore facilities, intended on raising the production capacity of the Bu Haseer field to 16,000 bpd in 2020.

ADNOC acquires stake in Ratnagiri Project category
June 26, 2018

ADNOC acquires stake in Ratnagiri Project

UAE state-owned ADNOC yesterday signed a memorandum of understanding with Saudi Aramco to acquire stakes in India’s $44-billion West Coast refinery. Aramco, this year in April, bought 50% stake in the Ratnagiri Refinery and Petrochemicals, from the Indian consortium of oil marketing companies (OMCs). In return, Indian oil companies will bid for hydrocarbon fields in UAE, as a part of the consortium.

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