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The Latest Breaking News from Abu Dhabi National Oil Company

Australian Market Struggles With Closing Top Deals

Australia’s inability to close top MA deals is becoming a growing frustration. The collapse of Abu Dhabi National Oil Company’s (ADNOC) $18.7 billion takeover bid for Santos (OTCPK: SSLZY) (the nation’s biggest supplier of natural gas) earlier this month is just the latest example. Valuation disputes, regulatory hurdles, and unexpected…

Benzinga

Premier vows to protect state in Santos takeover bid

State government approval of the takeover of one of Australia's biggest oil and gas producers will depend on keeping a local headquarters and maintaining jobs.

AAP

Abu Dhabi state gas company to sell 4% of shares in IPO

The Abu Dhabi National Oil Company’s gas processing firm plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East

The Independent UK

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UAE oil company employees given roles in office hosting Cop28

Exclusive: at least 12 officials at body hosting Cop28 appear to have come straight from fossil fuel industry

The Guardian - UK

ADNOC Signs Deals Worth $4.6 Billion

The Abu Dhabi National Oil Company (ADNOC) has signed agreements with at least 23 leading domestic and international companies for manufacturing opportunities across multiple industrial products valued at 17 billion dirhams ($4.63 billion). “The agreements outline the intention of the companies to manufacture these products in the UAE, supporting the…

Asharq Al-Awsat

Environmentalists cry foul as UAE names oil chief to head COP28 talks

The United Arab Emirates has said that the CEO of state oil giant Abu Dhabi National Oil Company will lead this year's COP28 climate summit, fuelling activists' worries that big industry is hijacking the global response to the environmental crisis.

Radio France Internationale

UAE Names Al-Jaber to Head COP28 Climate Talks

The head of the United Arab Emirates' national oil company was named Thursday as president of this year's COP28 climate talks. Sultan Al-Jaber, chief executive of the UAE's Abu Dhabi National Oil Company (ADNOC), will be the first CEO to take the role at the UN summit, the official WAM…

Asharq Al-Awsat

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COP28 fury as one of world’s biggest oil barons appointed president of climate talks

EXCLUSIVE: Campaigners hit out at 'cruel joke' after Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company, picked to lead crucial UN climate summit.

Daily Record

ADNOC CEO: Policies Aimed at Pulling the Plug on the Current Energy System are Misguided

Energy security is essential for social, economic and climate progress, said Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC). Speaking at the Energy Intelligence Forum in London, Dr. Al Jaber said market sentiment does…

Asharq Al-Awsat

Germany's RWE and UAE's ADNOC Ink LNG Deal

United Arab Emirates President Sheikh Mohamed bin Zayed and German Chancellor Olaf Scholz witnessed on Sunday the signing of a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the UAE and Germany in energy security, decarbonization and climate action. The agreement was…

Asharq Al-Awsat

ADNOC, TAQA Conclude $3.8b Deal on Clean Energy, Decarbonization

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) revealed concluding a $3.8 billion strategic 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…

Asharq Al-Awsat

Landmark UAE Gas Sales Agreement Signed between ADNOC, DUSUP

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). The agreement showcases the UAE’s…

Asharq Al-Awsat

UAE Exports First Low-Carbon Ammonia Shipment

The Abu Dhabi National Oil Company (ADNOC) announced on Thursday that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany. Arubis, a global provider of non-ferrous metals and one of the world's largest copper recyclers, will receive this shipment. Developed by Fertiglobe, a partnership between ADNOC…

Asharq Al-Awsat

TAQA, ADNOC, Mubadala Enter Binding Agreements for Acquisition of Masdar Stake

Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar) from Mubadala, Emirates News Agency (WAM) reported Tuesday. This is a major milestone towards completing…

Asharq Al-Awsat

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Asharq Al-Awsat

Abu Dhabi-based Borouge Sets IPO Price

Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it has set the offer price for its initial public offering (IPO), which shows it could raise about $2 billion in the deal, and secured seven cornerstone investors. The Abu Dhabi National Oil Company and Borealis' joint venture set the IPO price…

Asharq Al-Awsat

ADNOC Awards Agreements Worth $658 Million to Local, International Firms

Abu Dhabi National Oil Company (ADNOC) announced awarding deals valued at $658 million (AED2.4 billion) for cementing services. The framework agreements were awarded to Haliburton Worldwide Limited Abu Dhabi (Halliburton), Baker Middle East (Baker), Emirates Western Oil Well Drilling & Maintenance Co. (Emirates Western), NESR Energy Services (NESR) and Emjel…

Asharq Al-Awsat

UAE to Develop Methanol Facility in Abu Dhabi

Abu Dhabi National Oil Company (ADNOC) signed an agreement with Proman, one of the world's leading methanol producers, to develop the UAE's first world-scale methanol production facility at the TAZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi. Under the agreement, Abu Dhabi Chemicals Derivatives Company (TAZIZ) and Proman will construct…

Asharq Al-Awsat

UAE Minister: Investment in Oil, Gas Ensures Energy Security

Investment needs to focus on the lowest-cost, lowest-carbon oil and gas resources, said the United Arab Emirates Industry Minister, Sultan al-Jaber, at the Munich Security Conference. "For our collective security, the world will need to continue using all energy options for a long time," he was quoted as saying according…

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Asharq Al-Awsat

ADNOC Reveals Framework Agreement Awards Valued at $1.94b to Expand Drilling Activity

The Abu Dhabi National Oil Company (ADNOC) announced Thursday a framework agreement awards valued at $1.94 billion to enable drilling growth. The awards will support ADNOC's strategy to boost crude oil production capacity to 5 million barrels per day (mmbpd) by 2030 and drive gas self-sufficiency for the UAE. Minister…

Asharq Al-Awsat

ADNOC Announces Gas Find in Abu Dhabi Offshore Blocks

The Abu Dhabi National Oil Company (ADNOC) announced on Thursday the discovery of natural gas resources off Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF) of raw gas…

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