Brussels, Belgium -- The European Commission on Monday announced an investigation into the takeover of German chemical firm Covestro by UAE state oil giant ADNOC, citing competition fears. "The commission has preliminary concerns that foreign subsidies granted by the United Arab Emirates could distort the EU internal market," a statement...
Fertiglobe revenues up 175 percent in Q3
The company expects the strong showing to continue in Q4.
UAE’s ADNOC reinstates full oil supplies in Dec
It will be the first time since the oil price crash in the second quarter of last year when the COVID-19 pandemic devastated demand that ADNOC has not implemented any supply cuts.Fertiglobe completes IPO on Abu Dhabi Securities Exchange
The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders amounting to over $17.4 billion and oversubscription above 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors).Fertiglobe IPO may raise $827m
The IPO starts Wednesday and will continue to October 18.Fertiglobe plans IPO in Abu Dhabi
Fertiglobe is a fertilizer partnership of Adnoc and OCI.
Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.
UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the Emirates’ largest oil company.
UAE has advantage in leading global hydrogen market: Report
DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in the world, a report said. The report, ‘The United Arab Emirates’ Role in the Global Hydrogen Economy’, details the importance of hydrogen as a potential fuel of the future and...Adnoc eyes 2GW hydrogen growth
Adnoc has inked deals with British Petroleum and Masdar for this.Adnoc Drilling sets IPO share price
The initial price is set at AED2.30 (around $0.63) per share.
Adnoc Drilling eyes $86m rigs
Adnoc, Adnoc Drilling, and H&P have formed an alliance for this.Adnoc Drilling to offer 7.5% stake in IPO
Adnoc Drilling is the largest national drilling company in the Middle East by rig fleet size.
Consortium awarded exploration rights for Abu Dhabi’s Block 5
ABU DHABI: The Abu Dhabi National Oil Company (ADNOC) on Tuesday awarded exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of four Pakistani companies in the emirate’s second competitive block bid round. The consortium is led by Pakistan Petroleum Limited (PPL), Mari Petroleum Company Limited (MPCL), Oil...
ADNOC signs $1bn deals with eight global contractors
Agreements have been signed for concept and front-end engineering design.ADNOC emerging as UAE’s FDI magnet
Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East on Kearney's FDI index in 2021 after rising four spots globally.Aramco eyes $17bn from gas pipeline
This is on the lines of the $12.4bn it got from the oil pipeline deal.
ADNOC Invests $187m to raise Al Nouf oilfield’s capacity
The investment is a step towards achieving the 5 million barrels per day oil production capacity target by 2030, the company said.ADNOC and Fertiglobe to sell blue ammonia to Idemitsu
The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.ADNOC sells its first cargo of blue ammonia to Itochu
The sale was made in partnership with Fertiglobe, which will produce blue ammonia at its Abu Dhabi plant for delivery to ADNOC’s customers in Japan.
Grandweld delivers second Surfer 2 boat to Abu Dhabi group
This was the second of the three boats, which Grandweld Shipyards brands as the Grand Superior, that Allianz Middle East Ship Management had ordered.India, UAE agree on extending energy relations
India's new Minister for Petroleum and Natural Gas, Hardeep Singh Puri, makes courtesy calls to his counterparts in major oil producing countries in the Gulf, including Saudi Arabia, UAE, Qatar and Kuwait.Adnoc to invest over $760m to support production expansion
The Abu Dhabi National Oil Company will invest $763.7 million in integrated rigless services across six of its artificial islands
Adnoc joins international hydrogen council
Adnoc has been granted entry into the Hydrogen Council, through which it expects to produce greener fuelFertiglobe to join first-of-its-kind blue ammonia project in Ruwais
Final investment decision expected in 2022, and the start-up is targeted for 2025 The TA'ZIZ facility’s capacity will be up to 1 million tons per annum Fertiglobe, the largest seaborne exporter of nitrogen fertilizers globally and the largest nitrogen producer in the MENA region, will join the blue ammonia...
UAE 15th largest FDI recipient in 2020
The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as the 13th biggest for FDI outflows, investing $19 billion The UAE was the world’s 15th biggest recipient of foreign direct investment (FDI) in 2020, receiving $20 billion, up from...ADNOC Distribution’s 375 million shares will be up for sale soon
ADNOC has announced it will offer up approximately 375 million shares of ADNOC Distribution The shares are being offered at AED4.36 apiece The Abu Dhabi National Oil Company announced on Wednesday that it would offer up approximately 375 million shares. ADNOC, along with its subsidiaries, currently holds around 80...ADNOC to set up a world-scale blue ammonia project in Abu Dhabi
The facility will have a capacity of 1,000 kilotons per annum ADNOC is already producing 300,000 tons of hydrogen annually at the Ruwais Industrial Complex Aiming to position the UAE as a global hydrogen leader, Abu Dhabi National Oil Company (ADNOC) will construct a world-scale "blue" ammonia production facility in...
