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Sheikh Hamdan praises ADNOC’s efforts in using AI in production process Â
ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the leadership of President Sheikh Mohamed bin Zayed Al Nahyan the Emirates is at the forefront of leveraging cutting-edge technologies like AI to drive sustainable growth and progress, particularly in the...
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ADNOC signs deals with 60 firms to produce key non-oil products in UAE
Abu Dhabi, UAE - ADNOC signed deals with more than 60 UAE-based and international companies to locally manufacture key non-oil products in its supply chain, local media reports said. The deals were signed at the Make it in the Emirates Forum in Abu Dhabi, and bring ADNOC closer to its... -
ADNOC, TAQA award $2.4bn project for sustainable water supply
Dubai, UAE -- ADNOC and Abu Dhabi National Energy Company (TAQA) Wednesday announced the award of a strategic investment project estimated at up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations. The project will develop a centralized seawater treatment facility and transportation network... -
Oil, non-oil sectors may hurt UAE’s growth prospects
OPEC-agreed oil output cuts, non-oil sector slowdown due to higher rates, and weaker external demand may act as potential setbacks for UAE's economy, says a report. -
Gulf oil giants turn to start-ups in bid to promote carbon capture
With little investment and few projects in operation around the world so far, the technology to capture carbon before it goes into the atmosphere as a potential global warming solution is currently nowhere near the scale needed to make a difference to global emissions. -
ADNOC inks pact with SeaOwl to design unmanned vessels
ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV). The ROVs are capable of transporting vehicles, equipment and supplies to and from offshore sites, reports say. The innovative design of... -
ADNOC, Baker Hughes partner to boost green hydrogen development
Abu Dhabi, UAE - ADNOC and Baker Hughes announced Wednesday a deal to accelerate the development and commercialization of technology solutions for green and low-carbon hydrogen, as well as graphene. The agreement will see ADNOC collaborate with Baker Hughes as a strategic partner to study and pilot, the deployment of... -
ADNOC to float 15% minority stake in ADNOC Logistics & Services on ADX
Abu Dhabi, UAE -- ADNOC has announced its intention to float a 15 percent minority stake in ADNOC Logistics & Services on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on May 16, 2023, subject to regulatory approvals and other relevant considerations. ADNOC L&S is a... -
Fertiglobe Q1 net profit $135m
The company posted Q1 revenue of US$694 million. -
ADNOC and TotalEnergies sign agreement to export LNG globally
Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for exporting liquefied natural gas (LNG). Under the deal, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world. The three-year contract is expected... -
Borouge Q1 net profit $199m
The company reported revenues of $1.38 billion in Q1 2023. -
ADNOC, Japan sign deal to bolster low-carbon hydrogen value chain
Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between the UAE and Japan. The signing of the deal was witnessed by the UAE’s Minister of Industry and Advanced Technology Sultan Al Jaber and Japan’s Minister of Economy, Trade and Industry NISHIMURA... -
ADNOC makes logistics push
Contract worth $2.6bn with ADNOC Offshore part of the launch. -
ADNOC, BP place $4bn bid for half of Israel’s NewMed Energy
The participation of Emirati firm ADNOC is the latest sign of the quickening normalisation of relations between Israel and the UAE since their opening of diplomatic ties in 2020. -
ADNOC signs ammonia pact
It will explore low-carbon ammonia value chain in Germany. -
ADNOC Gas gains US$9.2bn on first day after IPO
Shares in ADNOC Gas were heavily oversubscribed even after the offering was expanded from 4.0 to 5.0 percent of issued share capital in response to strong interest. -
ADNOC Gas increases IPO size to $2.5 billion on high investor demand
ADNOC Gas said that ADNOC will now offer 3.83 billion shares, equivalent to approximately 5 percent of ADNOC's total issued share capital. Previously, the offering size was $2 billion or 3.07 billion shares. The final offer price is expected to be announced on March 3. -
International defense conference begins at ADNOC Business Center
Abu Dhabi, UAE--Â The International Defence Conference (IDC 2023), which will be held one day ahead of the IDEX and NAVDEX exhibitions will kick off today at ADNOC Business Centre. The conference is expected to see the participation of a large number of leaders and officials from regional and international defence... -
GCC gas stations expand as global oil demand surges
The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies' revenues in each country in the region, say experts. -
ADNOC to float 4% minority stake in ADNOC Gas on ADX
ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain. -
ADNOC delivers first Middle East LNG cargo to Germany
Abu Dhabi, UAE-- ADNOC and RWE Aktiengesellschaft (RWE) Wednesday announced the successful delivery of the first shipment of Liquefied Natural Gas (LNG) from Abu Dhabi in the UAE to the Elbehafen floating LNG terminal in Brunsbüttel, Germany. Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000... -
ADNOC Distribution completes buyout of 50% stake in TotalEnergies Egypt
Abu Dhabi, UAE--ADNOC Distribution announced on Wednesday that it has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC. The closing of this landmark transaction, which was first announced in July 2022, marks the official entry of the UAE’s largest fuel and... -
COP28 host UAE vows ‘inclusive roadmap’ for climate talks
Rights group Amnesty International has said Sultan Al Jaber is "unfit" for the COP28 presidency, being the CEO of state-owned oil giant ADNOC, while Western officials have defended his role in the crucial talks set for November and December. -
ADNOC inks $4.63 billion in contracts with 23 firms.
Pipes and fittings, valves, bends and cladded pipes, industrial pumps, batteries, pipes and fittings, and many more goods will be manufactured locally. -
ADNOC signs 23 agreements
Under the pact, the companies will manufacture products in UAE. -
Fight global warming without harming economic growth: COP28 chief
The UAE is pushing the merits of carbon capture -- removing carbon dioxide as fuel is burned, or from the air. -
16th Al Dhafra Festival to launch Sunday
AL DHAFRA, UAE - The competitions and concluding activities of the 16th Al Dhafra Festival will begin Sunday as part of the Emirate of Abu Dhabi’s camel beauty contest season. The event, held under the patronage of President Sheikh Mohamed bin Zayed Al Nahyan, will continue until February 2 at... -
ADNOC, TAQA mobility JV
They will build and operate electric vehicle infrastructure in Abu Dhabi. -
Work begins on world’s first fully sequestered CO2 injection project
The project, which is expected to begin injecting CO2 in the second quarter of this year, will initially fully sequester a minimum of 18,000 tons per annum of CO2 captured from Fertiglobe's UAE operations for injection in Abu Dhabi's onshore carbonate aquifers. -
Four firms to partner for Co2 removal
ADNOC, FNRC, Masdar and 44.01 to pilot a technology in Fujairah. -
UAE COP28 President Sultan Al Jaber urges focus on emissions
Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on Saturday urged a focus on lower emissions, warning global energy needs were set to accelerate. Sultan Al Jaber, the United Arab Emirates' special envoy for climate change and CEO of... -
UAE appoints ADNOC chief to lead COP28 climate talks
Dubai, United Arab Emirates--The head of the United Arab Emirates' national oil company was named as president of this year's COP28 climate talks on Thursday, promising a "pragmatic" approach to tackling global warming. Sultan Ahmed al-Jaber, who heads up the UAE's Abu Dhabi National Oil Company (ADNOC), will be the first... -
Europe looks at GCC for LNG supplies amidst crisis
The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their LNG supplies in both near and distant future. -
ADNOC acquires 24.9% stake in OMV
After the transaction, OMV will hold 31.5 percent. -
ADNOC signs catering deals worth $272m
Four Abu Dhabi firms will provide services to ADNOC companies from 2022-27. -
ADNOC and PETRONAS sign MENA’s first unconventional oil concession
Abu Dhabi, UAE— The UAE President Sheikh Mohamed and the King of Malaysia Al-Sultan Abdullah have witnessed the signing of a concession agreement between ADNOC and PETRONAS for Abu Dhabi’s Unconventional Onshore Block 1. The award to Malaysia’s national oil and gas company launches the Middle East’s first unconventional oil... -
Musabbeh Al Kaabi to join ADNOC
Al Kaabi is the CEO of Mubadala's UAE Investment platform. -
RTA to develop truck rest stops in partnership with ADNOC, Almutakamela
Dubai, UAE---Dubai’s Roads and Transport Authority (RTA) has awarded contracts for constructing three all-inclusive Truck Rest Stops in partnership with the private sector. The first contract was awarded to Abu Dhabi National Oil Company (ADNOC), and two contracts to Almutakamela Vehicle Testing and Registration. The contracts provide for the construction... -
Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary
Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS -
‘UAE President’s speech at COP27 outlined vision for climate action’
SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that the speech of President Sheikh Mohamed bin Zayed Al Nahyan at COP27 outlined the UAE’s clear vision and strategic approach to climate action and sustainability. The minister and the UAE’s... -
German industries explore investment opportunities in UAE
Some of Germany’s leading industrial companies participated in a roundtable event hosted by the UAE Ministry of Industry and Advanced Technology at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022. -
ADNOC and Siemens Energy to develop low-carbon energy certificates
Abu Dhabi, UAE---Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG today announced plans to pilot blockchain technology to certify the carbon intensity of a range of products. In a statement, ADNOC said that by using smart sensor data gathered from across ADNOC’s operational chain – from the oil... -
ADNOC Drilling awards $1.6 bn agreement
The award is aimed at upping lower-carbon-intensive production capacity. -
Saudi Arabia, UAE say global investments required for oil production
Saudi Arabia and the United Arab Emirates said the world needs to keep investing in oil production, just days before the COP27 climate summit aimed at curbing global warming. Sultan Al Jaber, the head of UAE oil giant ADNOC, warned that under-investment could cause a shock to the world economy. -
ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025
Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane Intensity target of 0.15 percent by 2025, which is the lowest in the Middle East. ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard... -
Sheikh Khaled bin Mohamed bin Zayed meets CEOs of INPEX, BP
Energy security, enhancing partnerships were discussed. -
ADNOC awards $980m contract
The contract awarded to ADNOC Drilling to hire offshore rigs. -
ADNOC, TAQA conclude $3.8 bIllion offshore decarbonization deal
Abu Dhabi, UAE---ADNOC and Abu Dhabi National Energy Company (TAQA) Friday announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the Consortium),... -
ISO Annual Meeting 2022 to begin Monday in UAE, trade on agenda
The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi. -
First phase of ADNOC Refining’s WHR project nears completion
ADNOC Refining's Waste Heat Recovery (WHR) project is designed to capture exhaust heat from the gas-powered turbines at ADNOC Refining's General Utilities Plant. -
ADNOC to supply natural gas to Dubai for clean energy transition
ADNOC says domestically produced natural gas is more commercially competitive compared to imported coal or gas and it will support economic growth while lowering emissions when used as a substitute for coal in power generation.