International oil and gas majors and the Middle East’s national oil companies are expected to give the green light this year to up to 30 projects, worth a total investment of $125 billion and holding an estimated 14 billion barrels of oil equivalent (boe) of resources. That’s the estimate in …
Read More »ADNOC Closes Acquisition of 24.9% Stake in OMV
ADNOC announced that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala). The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a …
Read More »ADNOC Signs LNG Deal with Unit of China’s ENN
ADNOC has signed an agreement for the supply of LNG to ENN LNG (Singapore), a wholly owned subsidiary of China-based ENN Natural Gas. Under the 15-year heads of agreement, ADNOC will deliver at least 1mtpa of LNG to ENN LNG (Singapore). The LNG will be mainly sourced from ADNOC’s low-carbon …
Read More »Adnoc Signs 15-Year LNG Supply Deal with China’s ENN Natural Gas
Adnoc has signed a 15-year agreement with ENN LNG, the Singapore subsidiary of China’s ENN Natural Gas, for the delivery of at least a million metric tonnes a year of liquefied natural gas. The LNG will primarily be sourced from Adnoc’s Ruwais LNG project in Abu Dhabi, with deliveries expected …
Read More »UAE Oil Giant and Australian Santos Team Up to Develop Carbon Capture Tech
The national oil producer of the United Arab Emirates and Australia’s energy group Santos have teamed up to jointly explore the development of a global carbon management platform to help customers in the Asia Pacific region cut emissions. Abu Dhabi National Oil Company, which pumps nearly all the oil in …
Read More »ADNOC Gas Lands $500m-$700m LNG Deal to Supply Japan’s Jera Global Markets
The ADX-listed ADNOC Gas has landed a multi-year LNG supply contract valued between $500 million to $700 million from Jera Global Markets of Japan. The deal obviously builds on Japan’s higher offtake of its energy requirements from the UAE. In fact, ADNOC Gas has had ties with Jera Co. – …
Read More »ADNOC Inks up to $550MM LNG Supply Deal with Japan Firm
ADNOC Gas PLC has signed a five-year agreement with Japan Petroleum Exploration Co. Ltd. (JAPEX) for the supply of liquefied natural gas (LNG). The deal amounts to between $450 million and $550 million, Abu Dhabi National Oil Co.’s (ADNOC) integrated gas unit said in a press release last week, not …
Read More »Adnoc Gas Signs LNG Supply Agreement with Japan Petroleum Exploration
Adnoc Gas, estimated to have the seventh largest gas reserves globally, has signed a five-year liquefied natural gas supply agreement with Japan Petroleum Exploration Co (Japex) The agreement is valued between $450 million and $550 million, the company said in a statement on Thursday to the Abu Dhabi Securities Exchange, …
Read More »India, UAE Make First Crude Oil Trade in Local Currencies
Exactly a month after Prime Minister Narendra Modi and President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, signed a Memorandum of Understanding on trade in national currencies, the Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL) made their first-ever crude oil transaction in national …
Read More »ADNOC Acquires 30% Stake in Azeri Gas Field
Abu Dhabi National Oil Company (ADNOC) will buy 30% in the Absheron gas field in the Caspian Sea in Azerbaijan by acquiring stakes from the current partners in the field, TotalEnergies and SOCAR. The French supermajor and State Oil Company of the Republic of Azerbaijan (SOCAR) have signed an agreement …
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