Abu Dhabi National Oil Company Company News

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Abu Dhabi Mulling Pipeline Stake Sale
Monday, June 01, 2020A deal could value the pipelines at more than $15 billion.

US Firm Wins UAE Onshore Concession
Monday, February 04, 2019Occidental's Vicki Hollub and ADNOC's Sultan Ahmed Al Jaber at the signing ceremony. PHOTO SOURCE: ADNOC

Key UAE Contract Goes to Spanish Firm
Tuesday, December 18, 2018The Linear Alkyl Benzene plant will be the first derivative unit to be developed under a $45 billion Ruwais downstream investment program.

Abu Dhabi Ready to Pump More Oil Under OPEC Deal
Tuesday, July 03, 2018Abu Dhabi said it's ready to increase oil output in line with guidance set by OPEC and allied producers.

$44B India Integrated Project Moves Forward
Monday, June 25, 2018The proposed project would develop ADNOC's first overseas refinery.

UAE's ADNOC Awards $3.5B Contracts To Samsung Engineering
Monday, March 26, 2018ADNOC says it has awarded two contracts to South Korea's Samsung Engineering.

Abu Dhabi Gets Bids for Offshore Oil in Plan to Expand Capacity
Monday, January 22, 2018Abu Dhabi's government oil producer received bids in the fourth quarter from international energy companies seeking stakes in offshore fields.

UAE's ADNOC Proposes Change To Oil Price Mechanism
Monday, December 11, 2017ADNOC seeks feedback from Asian buyers on whether it should change its monthly pricing mechanism.

Nikkei: ADNOC To Decide On Japan Oil Concession Renewal By Early Next Year
Friday, July 28, 2017ADNOC expects to make a final decision on whether to renew Japanese firms' oil concessions in Abu Dhabi oilfields before year-end or very early next year.

UAE Pledges Further Oil Output Cuts Starting in September
Tuesday, July 25, 2017The United Arab Emirates reiterated its commitment to the OPEC agreement on production cuts and said it would deepen its own curbs.

UAE's ADNOC Sign $500M Technical Agreement with Oxy
Tuesday, February 10, 2015ADNOC signs a technical agreement with Occidental Petroleum to develop the al-Hail and Ghasha oilfields, ADNOC says in a statement.

Total Signs 40-Year Onshore Oilfield Deal with Abu Dhabi
Thursday, January 29, 2015Total will take a 10% stake in 15 onshore oilfields in Abu Dhabi.

First Production Commences at Umm Lulu Oil Field Offshore Abu Dhabi
Friday, October 17, 2014Inpex reports that first production has commenced at the Umm Lulu oil field offshore Abu Dhabi, United Arab Emirates.

China Secures Abu Dhabi Oil Field Deal
Tuesday, April 29, 2014The Abu Dhabi National Oil Company forms a joint venture with China National Petroleum Corporation to develop the Gulf emirate's oil reserves, state news agency WAM says.

A New Era for ADNOC
Monday, February 03, 2014ADNOC ends its 75-year partnership with international companies while fulfilling its goal of increasing its production capacity to meet the rising global demand.

Abu Dhabi Government Extends Upper Zakum Oil Field Concession by 15 Years
Tuesday, January 21, 2014Inpex announces that the Abu Dhabi government has extended the concession for Upper Zakum oil field, offshore Abu Dhabi, United Arab Emirates for 15 more years to Dec 31, 2041.

ADNOC: UAE's Shah Gas Project Now Seen Online Early 2015
Monday, January 20, 2014UAE's Shah gas project will not be operational until early 2015, ADNOC head says.

UAE Takes Charge Of Big Oilfields For Now As Western Majors' Deals Expire
Wednesday, January 08, 2014ADNOC will take full control of the ADCO oil concession when the decades-old partnerships with some of the world's biggest oil companies ends in a few days' time.

ADIPEC: ADNOC Launches New Crude Oil Blend
Tuesday, November 12, 2013ADNOC selects Das Crude as the name for its new oil blend coming from Umm Shaif and Lower Zakum oilfields.

ADIPEC: UAE to Spend $70 Billion to Boost Capacity
Monday, November 11, 2013Minister of Energy Suhail Mohammed Al Mazroui says UAE's ongoing projects will boost output capacity to reach 3.5 million bopd by 2018.

UAE Plans to Increase Crude Output
Friday, June 21, 2013Abu Dhabi is planning to increase its output to 3.5 million bopd by 2018 despite failing to reach its target by the end of 2012.

Shell in 30-Year JV to Develop Bab Gas Field
Tuesday, April 30, 2013Shell says it has been selected by Adnoc to operate the Bab sour gas field.

Petrofac Consortium Wins $3.7B Abu Dhabi Deal
Thursday, April 11, 2013Petrofac Emirates and Daewoo win a $3.7-billion contract to supply the Upper Zakum field development in Abu Dhabi.

Shah Gas Field: Defying the Environment
Wednesday, April 03, 2013Soaring domestic gas consumption in the UAE pushed Abu Dhabi to tap the development of its sour gas field.

Abu Dhabi Invites More International Firms to Bid for Biggest Oil Fields
Friday, March 08, 2013Adnoc invites several international oil firms to bid for the renewal of a shared license to operate some of the emirate's largest onshore oil fields, two people familiar with the matter said.

BP CEO Dudley Says Talks Ongoing on Abu Dhabi Concessions
Monday, November 05, 2012BP's CEO Bob Dudley downplayed a report that the company may not be allowed to make a bid for the renewal of a shared license to operate some of Abu Dhabi's largest onshore oil fields.

OMV Teams Up with Wintershall for Abu Dhabi Deal
Thursday, June 21, 2012Austrian and German firms to appraise sour gas and condensate field in Shuwaihat.

Technip Secures Engineering Contract Offshore UAE
Tuesday, March 29, 2011Technip was awarded an engineering services contract by ZADCO for the UZ 750 project.

ADNOC, KNOC to Explore Undeveloped Abu Dhabi Blocks
Tuesday, March 15, 2011ADNOC and KNOC have signed an agreement related to the further exploration and potential development of three undeveloped blocks held by ADNOC and believed to have more than 500 million barrels of oil in place.

Occidental to Partner in Abu Dhabi's Shah Sour Gas Project
Wednesday, January 19, 2011OXY has been selected by ADNOC to help develop the estimated $10 billion Shah sour gas field in Abu Dhabi.

ConocoPhillips Pulls Out of $12B Shah Gas JV
Wednesday, April 28, 2010ConocoPhillipshas decided to end its participation in developing the Shah Gas Field with Abu Dhabi National Oil Company.

Conoco, Adnoc Face Delays on $12B Shah Sour Gas Plans
Thursday, January 07, 2010ConocoPhillips and Abu Dhabi are struggling with delays on a $12 billion sour gas project in the sheikdom amid ongoing uncertainty over how to safely transport toxic material, sources say.

Saudi Aramco CEO: Will Try to Help Stabilize Oil Prices
Wednesday, December 02, 2009Saudi Aramco will do its part to keep oil prices from rising excessively and thus damaging a nascent global economic recovery, Chief Executive Khalid Al Falih said Wednesday.

Exxon Sees Major Cost Savings on Abu Dhabi Oil Field
Tuesday, November 10, 2009ExxonMobil expects to save billions of dollars at its massive Upper Zakum oil field development from building artificial islands instead of steel platforms for drilling.

Abu Dhabi to Launch Massive Offshore Development in 2010
Tuesday, October 20, 2009Zadco will tender contracts next year to develop, at a cost of as much as $15 billion, the massive Upper Zakum oil field, the second-largest field in the Persian Gulf.

ConocoPhillips, ADNOC Team Up for Shah Gas Project
Thursday, July 09, 2009ConocoPhillips and ADNOC signed the Shah Gas Field Joint Venture and Field Entry agreements to develop the Shah Gas field, onshore Abu Dhabi.

Adnoc Delays Pipe on $10B Gas Devt; Schedule Uncertain
Wednesday, June 17, 2009Adnoc has delayed plans to invite bids for the world's longest sulfur pipeline, casting doubts over the schedule of its crucial $10 billion Shah sour gas field development.

ADNOC, ConocoPhillips Issue Tenders for $10B Shah Gas Devt
Monday, May 25, 2009ADNOC and ConocoPhillips have invited bids for four contracts on the estimated $10 billion Shah sour gas field development.

Total Secures Long Term Partnership in Abu Dhabi's Gasco
Wednesday, April 01, 2009Total has signed agreements for a 20-year extension of its 15% participation in Gasco alongside Adnoc, Shell and Partex.

Cosmo Oil to Get 20-Year Renewal of Abu Dhabi Oil Rights
Wednesday, January 21, 2009Cosmo Oil Co. will be granted a 20-year renewal of its oil concession in Abu Dhabi, which is set to expire in 2012.

Saudi May Cut Oil Supply More As Rest of OPEC Looks On
Thursday, December 04, 2008Saudi Aramco's surprise increase in official selling prices to Asia, a key market for the state-owned energy giant, may signal that the country is preparing for further reductions in oil supply.

Conoco to Make Final Decision on Abu Dhabi Sour Gas Project in '09
Monday, November 03, 2008ConocoPhillips, the third-largest U.S. oil company by market value, will make a final investment decision next year on the estimated $10 billion Shah sour gas project in Abu Dhabi once preliminary engineering has been completed.

Shell, Abu Dhabi Sign MOU for Deep Gas Exploration
Monday, November 03, 2008Royal Dutch Shell has signed a preliminary agreement with Abu Dhabi National Oil Co. to look into ways of cooperating on deep gas exploration.

Tenders Launched for $10B Abu Dhabi Sour Gas Development
Monday, October 13, 2008ConocoPhillips and Abu Dhabi National Oil Co. Monday launched the tender process for the $10-billion Shah sour gas field development in Abu Dhabi, with the aim of completing the project by the end of 2013, people familiar with the plans say.

Occidental Petroleum to Develop Abu Dhabi Oil, Gas Fields
Wednesday, October 08, 2008Oxy signed a preliminary agreement with Abu Dhabi National Oil Company to appraise and develop Jarn Yaphour and Ramhan oil and gas fields in the Emirate of Abu Dhabi.

ConocoPhillips, Abu Dhabi National Oil Co. to Develop Shah Gas Field
Tuesday, July 08, 2008ConocoPhillips and Abu Dhabi National Oil Company (ADNOC) have signed an Interim Agreement to develop the Shah Gas Field in Abu Dhabi.

Linde, ADNOC To Build Air Separation Units
Thursday, May 08, 2008The Linde Group and The Abu Dhabi National Oil Co. (ADNOC) have decided to construct two large air separation units (ASU) through their joint venture Elixier in Abu Dhabi (United Arab Emirates).

Halliburton Awarded 3-Year Completions Contract by ADNOC
Monday, May 05, 2008The three-year contract includes the provision of production packers, subsurface safety valves and subsurface flow controls.

Occidental Announces Joint Investment Agreement With Abu Dhabi
Monday, March 10, 2008Occidental Petroleum Corporation announced the signing of an agreement with Abu Dhabi's International Petroleum Investment Company (IPIC) for joint participation in hydrocarbon-related investments.

Conoco Bidding for Abu Dhabi Gas Project
Monday, February 18, 2008Conoco Phillips confirmed it's participating on the bid to develop the Shah natural-gas field in Abu Dhabi in the United Arab Emirates and that the company hopes to be the winner.