PARIS, FRANCE (By TotalEnergies, 21.Jul.2026, Words: 269) — TotalEnergies announces the final investment decision (FID) for the Umm Shaif Gas Cap development in the Umm Shaif and Nasr offshore concession, in which the company holds a 20% interest alongside ADNOC (60%), CNPC (10%) and ENI (10%), with ADNOC Offshore as operator. […]
Tag: ADNOC
ADNOC accelerates gas growth strategy with $6.2bn FID for Umm Shaif Gas Cap
ABU DHABI, UAE (By ADNOC, 21.Jul.2026, Words: 429) — ADNOC is accelerating its integrated global gas growth strategy with a $6.2bn (AED22.6bn) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC). The UAE holds […]
ADNOC inks 15-year SPA with INPEX for Ruwais LNG project
ABU DHABI, UAE / TOKYO, JAPAN (By ADNOC, 7.Jul.2026, Words: 496) — ADNOC announced signing of a 15-year sales and purchase agreement (SPA) with INPEX CORPORATION, Japan’s largest exploration and production (E&P) company, for the supply of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Ruwais […]
ADNOC, XRG and Mitsui to advance new opportunities across the energy value chain
ABU DHABI, UAE / TOKYO, JAPAN (By ADNOC, 7.Jul.2026, Words: 358) — ADNOC and XRG have signed a strategic collaboration agreement (SCA) with Mitsui & Co., Ltd. to unlock new growth opportunities across the energy value chain. The agreement was signed during the visit to Japan by Dr. Sultan Al Jaber, […]
YPF and ENI ink framework agreement with XRG for ARGLNG
SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 4.Nov.2025, Words: 316) — YPF and ENI announced the signing of a framework agreement, a preliminary agreement with XRG, the international energy investment arm of Abu Dhabi National Petroleum Company (ADNOC), to advance negotiations on the final terms for its […]
Eni and YPF ink deal with XRG for participation in Argentina LNG
SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 4.Nov.2025, Words: 250) — Eni and YPF signed a non-binding agreement with XRG, part of the ADNOC Group, regarding the company’s potential involvement in the 12 million tonnes per annum (MTPA) liquefied natural gas (LNG) phase of the integrated upstream-midstream Argentina […]
Oxy’s 1PointFive and ADNOC’s XRG to evaluate JV to develop south Texas DAC hub
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 16.May.2025, Words: 487) — Occidental (Oxy) and its subsidiary 1PointFive reached an agreement with XRG, ADNOC‘s investment company, to evaluate a potential joint venture (JV) to develop a direct air capture (DAC) facility in South Texas. The strategic DAC framework agreement was signed […]
bp and XRG Close Natural Gas Platform Arcius EnergyÂ
(Ian Silverman, Energy Analytics Institute, 16.Dec.2024) — bp and XRG reached financial close and completed formation of their new joint venture (JV) and international natural gas platform – Arcius Energy, announced in Feb. 2024. The JV will combine bp’s and XRG’s deep technical capabilities and proven development track records as […]
ADNOC Gas Reports Strong 3Q:24 Results; BODs Approves Strategy Update
(ADNOC, 11.Nov.2024) — ADNOC Gas plc and its subsidiaries announced strong earnings for the third-quarter 2024 (3Q:24), with net income increasing 11% year-on-year (YoY) to $1.24bn, beating Bloomberg consensus for the quarter. The announcement of the company’s 3Q:24 results coincides with ADNOC Gas’ Board of Directors approval of an updated […]
ADIPEC 2024: Looking to Accelerate Sustainable Socioeconomic Progress
(DMG Events, 7.Nov.2024) — ADIPEC 2024 has cemented its position as one of the world’s most influential and commercially successful energy events, with a record number of attendees, industry executives and international ministers uniting to accelerate sustainable socioeconomic progress for the world. Highlights: Held under the theme of ‘Connecting Minds. […]
Israel Conflict Gains Grip as Output: Rystad Says
(Rystad, 17.Oct.2024) — Here is Rystad Energy’s market update from Middle East Research Director, Aditya Saraswat. “Tensions are persisting in the Middle East and the humanitarian toll is climbing. Energy market fundamentals have been largely unaffected to date, but this could change at a moment’s notice. In a widespread regional […]
SLB and ADNOC Drilling Partner for Unconventional Development
(SLB, 30.Sep.2024) — SLB announced an agreement to create Turnwell Industries LLC OPC, a joint venture (JV) with ADNOC Drilling Company, SLB and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. The JV will focus on […]
ADNOC Inks Equity Stake, LNG Offtake Deal with NextDecade
(ADNOC, 20.May.2024) — ADNOC announced the acquisition of a 11.7% stake in Phase 1 (Trains 1-3) of NextDecade Corporation’s (Nasdaq: NEXT) Rio Grande LNG (RGLNG), a liquefied natural gas (LNG) export project located in Texas, US, which is expected to produce a less carbon-intensive LNG. Highlights: –11.7% equity stake in Phase 1 […]
ADNOC Delivers Bulk Shipment of CCS-Enabled Certified Low-Carbon Ammonia to Japan
(ADNOC, 14.May.2024) — ADNOC delivered the world’s first certified bulk commercial shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co., Ltd. for use in clean-power generation in Japan. The low-carbon certification process, from production to delivery, has been conducted by TĂśV SĂśD, an internationally […]
ADNOC Inks Deals with 30 Companies for Local Manufacturing Opportunities
(ADNOC, 5.Oct.2023) — ADNOC announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonization of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking […]
ADNOC Partners with EDGE to Use UAE-made Drones to Minimize Emissions
(ADNOC, 5.Oct.2023) — ADNOC announced a partnership with EDGE Group PJSC, one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations.EDGE’s autonomous systems arm, ADASI, will repurpose its existing UAVs for […]
Saipem Awarded Contract by ADNOC Worth $4.1bn
(Saipem, 5.Oct.2023) — Saipem, in consortium with National Petroleum Construction Company (NPCC), signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem’s share of the contract amounts to around $4.1bn. The project […]
ADNOC and Occidental to Advance Direct Air Capture Project in the UAE
(ADNOC, 3.Oct.2023) — ADNOC and Occidental announced an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US). Highlights: — Companies to jointly fund engineering study into first megaton direct air capture facility in the […]
Oxy, ADNOC to Commence Study of a DAC Facility in the UAE
(Oxy, 3.Oct.2023) — Occidental (NYSE: OXY) announced that its subsidiary 1PointFive and ADNOC signed an agreement to commence a jointly funded preliminary engineering study for a 1 million tonne-per-year Direct Air Capture (DAC) facility in the United Arab Emirates. The Joint Study Agreement for the DAC facility, signed at the ADIPEC […]
Petrobras Confirms Talks with Apollo and Adnoc
(Petrobras, 1.Jun.2023) — Petrobras, regarding the pieces of news released in the media, confirms that it met with executives from the Apollo fund and Adnoc, in which occasion it discussed Petrobras’ position in the Brazilian petrochemical sector, which is currently under analysis as part of the preparation of its Strategic Plan 2024-28. […]
Petrobras on Braskem
(Petrobras, 19.May.2023) — Petrobras received a letter from Apollo Management X, L.P. and ADNOC International Limited with information about the non-binding proposal for the acquisition of Novonor S.A.‘s interest in Braskem. The information was forwarded to Petrobras due to the fact that the company is Braskem’s second largest shareholder and […]
TotalEnergies Acquires CEPSA’s Upstream Assets in Abu Dhabi
(TotalEnergies, 1.Mar.2023) — TotalEnergies signed an agreement with CEPSA to acquire CEPSA’s upstream assets in the United Arab Emirates with an effective date of 1 January 2023. The assets to be acquired are: a 20% participating interest in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel […]
TAZIZ and Proman Ink Shareholders Agreement
(ADNOC, 19.Jan.2023) — Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) and PROMAN AG, one of the world’s leading producers of methanol, have signed a shareholders’ agreement to develop the UAE’s first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Al Ruways Industrial City, Abu Dhabi. Highlights: […]
ADNOC L&S Inks Deal for Charter of LNG Floating Storage Unit with AG&P
(ADNOC, 21.Dec.2022) — ADNOC Logistics & Services (ADNOC L&S) and Atlantic Gulf & Pacific International Holdings (AG&P), a downstream LNG platform and infrastructure development company, have signed their third charter agreement to utilize Ghasha, an ADNOC L&S liquefied natural gas (LNG) carrier, as a Floating Storage Unit (FSU). Under the […]
ADNOC and Eni Exploring Options to Boost Gas Supply
(Eni, 12.Sep.2022) — His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Abu Dhabi National Oil Company (ADNOC) Managing Director and Group CEO, and Claudio Descalzi, Eni‘s Chief Executive Officer, met in Abu Dhabi today to discuss the progress of the company’s activities in […]
UAE Eases Oil Supply Cuts To Asia After OPEC+ Deal
(Bloomberg, 7.Dec.2020) — The United Arab Emirates will provide Asian oil buyers with a little more crude next month after OPEC+ reached a compromise deal on cuts. While OPEC’s third-largest producer will still reduce supply to Asia in January, the curbs won’t be as deep as this month in percentage […]
Total And ADNOC Ink CO2 Emissions Framework Deal
(Total, 12.Nov.2020) — Total signed a strategic framework agreement with the Abu Dhabi National Oil Company (ADNOC), to explore joint research, development and deployment partnership opportunities in the areas of CO2 emission reductions and carbon capture, utilization and storage (CCUS). The agreement brings together the best-in-class in low carbon technologies […]
ADNOC Reveals New Chinese Partner
(Asharq Al-Awsat, 28.Jul.2020) — The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation, CNPC, to China National Offshore Oil Corporation’s subsidiary CNOOC Limited. The transfer […]