ADNOC today announced that it has begun construction on the Middle East’s first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean hydrogen from water, using an electrolyser powered by clean grid electricity. Hydrogen, which creates no carbon dioxide (CO2) emissions …
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State oil giant Abu Dhabi National Oil Co (ADNOC) said on Tuesday it has set a price range for an initial public offering of its marine and logistics unit that could raise up to $607 million and could give ADNOC Logistics & Services (ADNOC L&S) an equity valuation of as …
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Abu Dhabi’s main energy company will sell a 15% stake in its logistics and shipping unit in an initial public offering, kicking off the second listing of one of its businesses this year. Abu Dhabi National Oil Co. will offer about 1.11 billion shares in Adnoc Logistics & Services, it …
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The United Arab Emirates’ ADNOC Gas announced Monday a $1-billion deal to provide liquefied natural gas to France’s TotalEnergies as Europe scrambles to find alternatives to Russian energy sources. The liquefied natural gas provided under the three-year supply deal “will be delivered to various export markets around the world”, an …
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ADNOC, the national oil company of Abu Dhabi, is expanding its natural gas production capacity and increasing investments to target Europe’s gas markets. As one of the Middle East’s largest energy producers, ADNOC aims to meet the growing international demand for LNG by becoming a net-exporter of gas. The company …
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BP Plc and Abu Dhabi National Oil Co. will form a natural gas joint venture and have made an offer to take Israel’s NewMed Energy private in a deal worth around $2 billion. The move will deepen BP’s presence in the eastern Mediterranean and mark ADNOC’s first venture into the …
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Italy’s Eni and the UAE’s Abu Dhabi National Oil Co. have signed a memorandum of understanding to explore collaboration in the development of renewable energy, blue and green hydrogen and carbon, capture and storage amid ADNOC’s plans to hit net zero scope 1 and scope 2 emissions by 2050. The …
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The United Arab Emirates’ national oil company wants to raise up to $2 billion from its natural gas business in what is set to be the largest initial public offering so far this year. Abu Dhabi National Oil Co. is selling a 4% stake in ADNOC Gas, with each off …
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Abu Dhabi National Oil Co. made the first LNG delivery from the Middle East to Germany, with the UAE’s national oil company calling it a “milestone.” The delivery of 137,000 cu m of LNG is the commissioning cargo for the Elbehafen floating LNG terminal in Brunsbüttel, ADNOC and utility RWE …
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The Abu Dhabi National Oil Company (ADNOC) is eyeing a valuation of at least $50 billion for its gas business slated to float this quarter, two sources familiar with the matter said, setting the stage for one of the most highly anticipated stock market listings this year. The state oil …
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