Abu Dhabi National Oil Co. (ADNOC) Company News

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Abu Dhabi Signals Global Ambition, Seeks Refineries
Tuesday, November 13, 2018 Abu 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, 2018 The 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, 2018 ADNOC has big plans for Ruwais City.

Govt Source: ADNOC To Sign Deal On Monday For Stake In Indian Refinery
Friday, June 22, 2018 ADNOC 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, 2018 ADNOC 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, 2018 It'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, 2018 Austrian 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, 2018 ADNOC 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, 2018 ADNOC 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, 2018 India 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, 2018 ADNOC 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, 2018 The 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, 2017 Shares 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, 2017 Abu 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, 2017 Abu 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, 2017 Other 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, 2017 Statoil 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, 2017 Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment.

UAE's ADNOC To Split Huge Oil Concession, In Talks With Potential Partners
Monday, August 07, 2017 Abu Dhabi National Oil Co (ADNOC) says it will split its ADMA-OPCO offshore oil concession into two or more areas.c

Traders: ADNOC Finalizes July 2017 To June 2018 Diesel Term Contract
Tuesday, August 01, 2017 Abu Dhabi National Oil Company has finalized its July 2017 to June 2018 diesel term contract at a higher premium than an earlier contract it signed, traders say.

Sources: UAE Buys First US Oil Cargo To Replace Qatar Condensate
Wednesday, July 26, 2017 The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter say.

New UK Listing Rules Set to Attract State Companies Beyond Aramco
Monday, July 17, 2017 Saudi Arabia, Oman and Abu Dhabi have all announced plans in the past year to float some of their oil assets.

Repair Delays at ADNOC Ruwais Refinery to Lift Gasoline Demand
Friday, June 30, 2017 Abu Dhabi demand for gasoline is expected to stay firm after its plans to restart a gasoline-making secondary unit at its Ruwais refinery were delayed.

OMV, ADNOC Agree to Explore Opportunities for Cooperation
Thursday, May 25, 2017 The companies agreed to evaluate refinery-petrochemical integration and other opportunities.

Abu Dhabi Awards China's CEFC 4% Of Oil Concession For $900MM
Monday, February 20, 2017 Abu Dhabi awards the final 4% interest in its onshore oil concession.

UAE's ADNOC Offers April Murban Crude From S.Korea Storage In Rare Move
Thursday, February 16, 2017 Abu Dhabi National Oil Company offers Murban crude to be loaded in April from its oil storage in South Korea.

Abu Dhabi Said to Improve Oil-Investor Returns With New Terms
Thursday, February 02, 2017 Abu Dhabi's state energy producer, which is seeking more partners to develop its fields, improved some terms in an oil-production partnership to offer greater returns to international companies.

Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project
Monday, January 16, 2017 Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.

ADNOC Shuts Half Capacity At Ruwais Refinery After Fire
Monday, January 16, 2017 Abu Dhabi National Oil Company (ADNOC) has shut half the capacity at its 800,000 barrels-per-day Ruwais refinery after a fire there last week.

Sources: India Set To Buy Iran Oil For Emergency Reserves
Tuesday, September 20, 2016 India is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms, industry sources say.

MEED: Abu Dhabi's ADNOC Cutting 5,000 Jobs
Monday, May 16, 2016 Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED reports.

Abu Dhabi National Oil Company Reshuffles Leadership
Thursday, May 12, 2016 Abu Dhabi National Oil Company says it has reshuffled its leadership, in the first major shakeup since the appointment of Sultan Al Jaber as its chief executive in February.

ADNOC: Oil Markets Will Start To Rebalance In 2016, 2017
Monday, April 04, 2016 The chief executive of the Abu Dhabi National Oil Company says in remarks published he expected a slow increase in oil prices in the medium term, with markets starting to rebalance supply and demand during 2016 and 2017.

ADNOC Says 'Door Is Still Open' For UAE Oil Concession Talks
Monday, April 04, 2016 The chief executive of the Abu Dhabi National Oil Company (ADNOC) says in remarks published the door was still open for talks on awarding stakes in its 40-year onshore concession to develop the country's biggest oilfields.

Abu Dhabi's Adnoc 'Open' To More Partners At Onshore Oil Fields
Tuesday, March 29, 2016 Abu Dhabi National Oil Co. is willing to accept additional partners at its main onshore fields, a senior company official says.

ADNOC, OMV, Occidental Sign Exploration Agreement in UAE
Monday, March 21, 2016 ADNOC, OMV, and Occidental Petroleum sign an agreement to conduct a four-year seismic, drilling and engineering work program for exploration, appraisal and potential field developments in Abu Dhabi.

UAE's ADNOC to Finish Maintenance at Murban Oilfield in April
Monday, March 21, 2016 The Abu Dhabi National Oil Company plans to complete partial maintenance at the oilfields that produce its flagship Murban crude in April.

Penspen Secures Das Island Services Contract
Tuesday, March 08, 2016 Penspen secures a project management consultancy contract with Abu Dhabi Marine Operation Company (ADMA-OPCO) for ongoing work on Das Island in the United Arab Emirates.

Shell Exits Bab Sour Gas Reservoirs Project
Monday, January 18, 2016 Shell will exit the joint development of the Bab sour gas reservoirs with ADNOC in the Emirate of Abu Dhabi, after an evaluation of the project's technical challenges and costs.

UAE's ADNOC Forms New International Investment Arm
Wednesday, December 23, 2015 Abu Dhabi National Oil Co (ADNOC) plans to set up an international arm to invest in oil and gas firms abroad.

UAE Economy Minister: UAE Open to Meeting Indian Oil Demand
Monday, August 17, 2015 The United Arab Emirates is open to meeting any demand for oil from India, the Gulf OPEC member's economy minister Sultan bin Saeed al-Mansouri says.

Seabed Solutions Bags $125M Deal from ADNOC for Ghasha-Butini Field Survey
Tuesday, July 28, 2015 Seabed Geosolutions bags $125 million contract with Abu Dhabi National Oil Company for survey over the Ghasha-Butini field off the United Arab Emirates.

SINOPACIFIC Bags Contract to Build 9 AHTS Vessels for ADNOC
Monday, July 20, 2015 China's SINOPACIFIC bags contract to build nine anchor handling tug supply vessels for delivery to ADNOC in 2017.

Inpex Acquires 5% Participating Interest in ADCO Concession in Abu Dhabi
Monday, April 27, 2015 Inpex acquires a 5% participating interest in ADCO's onshore concession in Abu Dhabi, United Arab Emirates.