Abu Dhabi National Oil Co. (ADNOC) Company News

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UAE and Israel Eye Oil and Gas Cooperation
Thursday, December 10, 2020Israel and the UAE held talks to discuss cooperation in the oil and gas sector, months after the two nations agreed to normalize ties.

Abu Dhabi Okays $122B Oil and Gas Spending Plan
Monday, November 23, 2020The UAE is boosting investment to make good on pledges to increase output capacity, even as it struggles against OPEC+ restrictions on supply.

Abu Dhabi to Open Futures Exchange for Murban Crude
Monday, November 09, 2020By selling its crude through futures, Abu Dhabi will let the market determine the price.

Friction Growing within OPEC+
Tuesday, September 15, 2020The UAE almost entirely disregarded its commitment to OPEC+ production quotas last month, according to the International Energy Agency.

ADNOC Awards $245MM in Contracts
Thursday, September 10, 2020ADNOC Onshore has awarded two EPC contracts. PHOTO SOURCE: ADNOC

$21B ADNOC Network May Add Local Investors
Tuesday, August 11, 2020Abu Dhabi is considering bringing local investors into its natural-gas pipeline network, according to people familiar with the matter.

ADNOC Adds Chinese Firm to Offshore Concessions
Tuesday, July 28, 2020The above image shows the Umm Shaif concession. PHOTO SOURCE: ADNOC

$5B Worth of ADNOC Properties Could Hit Market
Tuesday, July 28, 2020Abu Dhabi National Oil Co. is exploring the possibility of selling a stake in its real estate portfolio.

ADNOC Chief Sees Signs of Better Market Conditions
Monday, May 18, 2020Speaking in an online company forum, the CEO of Abu Dhabi National Oil Co. observed there are signs that oil market conditions are improving.

ADNOC Seeks Subsea First for MENA Region
Tuesday, April 28, 2020The high-voltage, direct current subsea power transmission system would link ADNOC's offshore production facilities to ADPower's onshore electricity grid.

ADNOC Says It Can Open Oil Spigot Further
Thursday, March 12, 2020According to ADNOC's website, the company's current oil output is approximately 3 million bpd.

ADNOC FSU to Become India LNG Facility
Wednesday, February 12, 2020AG&P and ADNOC L&S executives at the signing of an agreement for the long-term charter of an FSU at AG&P's new LNG import terminal at Karaikal Port in South India. PHOTO SOURCE: Business Wire

ADNOC Mega-Project Contract Goes to KBR
Monday, February 03, 2020KBR has won a major project management consultancy (PMC) services contract from Abu Dhabi National Oil Co. (ADNOC).

U.A.E. Makes Significant Gas Field Discovery
Monday, February 03, 2020The deposit could meet the country's entire gas demand for nearly three decades.

Adnoc's $15B Gas Pipeline Lures BlackRock, GIP Interest
Tuesday, January 28, 2020Adnoc is seeking to sell as much as 49 percent of the business through a lease structure.

Total and ADNOC Plan Seismic Drone Project
Thursday, November 14, 2019The project will use a fleet of drones to drop off thousands of seismic sensors throughout Abu Dhabi and unmanned ground vehicles to retrieve them.

ADNOC Makes LNG Supply Deals with BP and Total
Tuesday, November 12, 2019ADNOC called its new LNG supply agreements with BP and Total 'milestones.' PHOTO SOURCE: ADNOC

$4B India Complex Might Use Wind and Solar Power
Thursday, October 17, 2019This photo shows the designed site for the chemical complex, Mundra Port in Gujarat, India. PHOTO SOURCE: Adani

ADNOC Forges Closer Ties with Russia
Wednesday, October 16, 2019In the past two days, ADNOC has announced deals with the Russian Energy Agency and Lukoil.

Oil Hub of Fujairah Thriving Amid Rising Geopolitical Risk
Monday, October 07, 2019Fujairah has seen incremental investment as a port that bypasses the Strait of Hormuz which Iran has threatened to block. (Photo: Gaurav Sharma)

Adnoc to Launch $5B Gas Pipeline Lease Deal
Thursday, October 03, 2019Abu Dhabi National Oil Co. wants to bring in outside investors to take a minority interest in its gas pipeline network.

The Top 10 Ideal NOC Employers
Thursday, August 29, 2019Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!

Top 10 Ideal Downstream Employers for 2019
Thursday, August 22, 2019Here is a breakdown of the 10 highest-scoring downstream employers in Rigzone's 2019 Ideal Employer Survey.

$3.6B ADNOC Contracts Go to Tenaris, Others
Wednesday, August 21, 2019ADNOC awards contracts for casing and tubing.

Petrofac Wins Offshore UAE Contract
Monday, July 29, 2019A Petrofac-NPCC JV has won a contract from an ADNOC-CNPC JV.

KKR, BlackRock Raising $3B for Adnoc Pipelines
Tuesday, April 02, 2019The deal gives the partnership leases on 18 pipelines.

35-Year Onshore Abu Dhabi Concession Goes to Inpex
Monday, March 18, 2019INPEX will invest up to US$176 million in Abu Dhabi's Onshore Block 4. PHOTO SOURCE: ADNOC

$1.2B UAE Oil Storage Contract Goes to SKEC
Wednesday, February 27, 2019SKEC is building the underground storage complex in hard rock in the Emirate of Fujairah.

UAE Refinery Contract Goes to Wood
Thursday, February 21, 2019ADNOC plans to expand its refining complex at Ruwais, UAE. PHOTO SOURCE: ADNOC.

How Industry 4.0 is Reshaping Oil and Gas Recruitment
Tuesday, February 19, 2019Slowly but surely, the proliferation of IIoT, robotics, augmented and virtual reality are leading to a step change in hiring strategies.

$44B India Refinery Project At Risk
Tuesday, February 19, 2019The completion of the refinery hinges on the outcome of an upcoming election.

ADNOC Claims Industry First
Tuesday, December 11, 2018ADNOC's gas processing plant. IMAGE SOURCE: ADNOC

Abu Dhabi Signals Global Ambition, Seeks Refineries
Tuesday, November 13, 2018Abu Dhabi signaled its ambitions to send more oil and gas around the world as it woos investors to fields at home and hunts for assets abroad.

ADNOC to Boost Oil Production to 4 MMbpd by 2020
Monday, November 05, 2018The state-owned oil company is implementing a new gas strategy to increase production and plans to invest $132 billion in the next five years.

ADNOC Seeks to Make Downstream City More Livable
Monday, September 10, 2018ADNOC has big plans for Ruwais City.

Govt Source: ADNOC To Sign Deal On Monday For Stake In Indian Refinery
Friday, June 22, 2018ADNOC will sign an agreement with Saudi Aramco and Indian companies for an up to 25 percent stake in a planned $44 billion refinery.

UAE's ADNOC Signs Deal With Spain's Cepsa For New LAB Facility
Monday, May 14, 2018ADNOC signs a project development agreement with Spain's Cepsa for a new linear alkylbenzene (LAB) facility.

ADNOC Sets Up Oil Trading Business to Help Find New Markets
Monday, April 23, 2018It's part of the state-run firm's efforts to expand its international business and secure new markets.

Austria's OMV to Invest in UAE Offshore Oilfields in $1.5B Deal with ADNOC
Thursday, April 05, 2018Austrian oil and gas group OMV said it will take a 20 percent interest in two oilfields off the United Arab Emirates under a $1.5 billion deal agreed with the Gulf state's national oil company ADNOC.

ADNOC Signs Two 3-Year Naphtha Sales Deals With Asian Firms
Wednesday, March 28, 2018ADNOC says it has signed two 3-year agreements with Japan's Idemitsu Kosan Co. Ltd and Thailand's SCG Chemicals.

CEO: ADNOC To Build Largest Global Refining & Chemical Site
Tuesday, March 06, 2018ADNOC plans to build the world's largest integrated refining and chemical site in Ruwais.

Minister: India Seeks 'Reasonable' Oil Price From Saudi Arabia
Friday, February 23, 2018India is seeking a reasonable price for crude oil from Saudi Arabia, Oil Minister Dharmendra Pradhan says.

Abu Dhabi Broadens Oil Partnerships in $1.5B Cepsa Deal
Monday, February 19, 2018ADNOC awarded a second slice of its offshore concessions in as many weeks, this time to refiner and producer Cia Espanola de Petroleos SA for a $1.5B fee.

Oil World Turns Upside Down as US Sells Oil in Middle East
Wednesday, February 07, 2018The United Arab Emirates isn't the most obvious customer for Texan oil.

ADNOC Distribution Shares Open Sharply Up After First IPO In 6 Years
Friday, December 29, 2017Shares of the fuel distribution unit of Abu Dhabi National Oil Co made a strong stock market debut on Wednesday.

Adnoc Unit IPO to Raise $902 Million After Narrowing Range
Wednesday, December 06, 2017Abu Dhabi National Oil Co. plans to raise as much as $902 million from the IPO of its fuel-retailing unit.

ADNOC Pushes Ahead With IPO After Emaar Sale
Monday, November 20, 2017Abu Dhabi National Oil Co. plans to sell as much as 20% of its fuel-distribution unit.

Middle East Oil Producers Turn to Crude Trading to Boost Incomes
Friday, September 29, 2017Other OPEC members are joining in as oil prices remain at roughly half their levels of mid-2014.

Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks
Monday, September 25, 2017Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.

Abu Dhabi's Adnoc Is Said to Consider IPO for Shipping Business
Thursday, September 21, 2017Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment.