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ADNOC Drilling launches rig fleet expansion program
Nov. 18, 2019
Source: Pipeline

ADNOC Drilling launches rig fleet expansion program

ADNOC's susidiary ADNOC Drilling has announced the launch of a major rig fleet expansion program. This will support ADNOC's upstream growth plans and would support its 2030 Smart Growth Strategy. ADNOC's Upstream Executive Director said, "ADNOC Drilling’s rig fleet expansion underscores ADNOC’s drive to unlock and maximize value from Abu Dhabi’s vast hydrocarbon resources and will further improve drilling and well-completion efficiencies".

This era of disruption is just the beginning - Sultan Ahmed at ADIPEC 2019
Nov. 13, 2019
Source: Aawsat

This era of disruption is just the beginning - Sultan Ahmed at ADIPEC 2019

The biggest conference of the oil and gas industry, ADIPEC 2019 is currently happening in Abu Dhabi. During the conference, ADNOC's CEO Sultan Ahmed al-Jaber has addressed the industry professionals saying "Oil and gas industry will remain an essential pillar of the future diversified energy mix". He has called out on the industry to modernize in order to keep up with the fast-evolving energy landscape.

ADNOC wants to partner with Eni and OMV
Oct. 16, 2019
Source: Reuters

ADNOC wants to partner with Eni and OMV

Oil major ADNOC is planning to partner with Eni and OMV to diversify its refining capacity. The company wants to take the refining capacity to 1.5 million barrels per day. The energy company has decided to double its refining capacity and triple petrochemicals output potential by 2025. In January, OMV and Eni decided to pay a combined $5.8 billion in order to buy stakes in refining business of ADNOC.

ADNOC awards multi-billion-dollar contract
Aug. 22, 2019
Source: Gulf News

ADNOC awards multi-billion-dollar contract

State-run Abu Dhabi National Oil Company (ADNOC) yesterday announced about awarding multi-billion-dollar contracts for the procurement of casing and tubing. The contract awards are in line with the company’s aim of maximising value for ADNOC across its drilling value chain and reinforcing its strategy to offer a more profitable upstream business. The $3.6 billion worth of contracts was awarded to Tenaris S.A., Vallourec S.A. and Marubeni Corporation.

Eni acquires stakes in ADNOC Refining for $3.24 billion
Aug. 1, 2019

Eni acquires stakes in ADNOC Refining for $3.24 billion

As announced in January, ADNOC and Eni have now closed their strategic partnership. After this, Eni acquired a 20% interest in ADNOC refining. OMV is also a partner of this new venture. Eni and OMV will help ADNOC to manage its international product flows and streamline its systems. "With this transaction, Eni enters the UAE downstream sector and increases its global refining capacity by 35 per cent", said Eni.

ADNOC inks collaborative agreement with CNOOC
July 24, 2019

ADNOC inks collaborative agreement with CNOOC

State-run Abu Dhabi National Oil Corporation (ADNOC) has entered into an agreement with Chinese oil major, CNOOC to collaborate in the upstream and downstream sectors and LNG. The agreement requires the firms to share knowledge, best strategies and technologies in ultra-sour gas development. ADNOC and CNOOC will also consider business opportunities in the downstream sector. Adnoc Group CEO and CNOOC chairman exchanged the Strategic Framework Agreement.

Maharashtra selects site for Saudi Aramco-ADNOC refinery
June 20, 2019
Source: Reuters

Maharashtra selects site for Saudi Aramco-ADNOC refinery

Maharashtra’s Chief Minister yesterday informed about identifying a new site for the proposed $44 billion oil refinery built by a joint venture between Saudi Aramco, ADNOC and state-run oil firms. Maharashtra has selected Raigad district, about 100 kms from Mumbai for the refinery. The 1.2 million bpd refinery and associated petrochemical complex, which was earlier supposed to be constructed in Ratnagiri, faced vehement protests from the farmers in the region.

ADNOC Drilling aims at expansion outside the UAE
April 1, 2019
Source: The National

ADNOC Drilling aims at expansion outside the UAE

State-run, ADNOC is looking to expand business activities outside UAE. The oil major aims at drilling outside the UAE, apart from a 40% ramp up in drilling of local conventional resources by 2025. Oilfield services giant, BHGE, which owns 5% stakes in ADNOC Drilling, will assist the company in carrying out local drilling operations. ADNOC Drilling recently concluded the first “fully integrated drilling services” well in the Al Dabbyia field.

ADNOC and OMV to work together in petrochemical sector
March 25, 2019

ADNOC and OMV to work together in petrochemical sector

OMV and ADNOC have agreed to work together in the petrochemical sector. Both companies will look for better opportunities and will make use of OMV's recycling expertise. Austria's energy company has agreed to pay $2.5 billion to ADNOC for 15% stakes in its refining business. Further, both the companies have signed two MoUs to explore future projects and set up a JV.

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.

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