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Abu Dhabi News

 

Bahrain's Oil and Gas Authority to Transition to 'Energy Company'

Nov 16, 2021

Bahrain's National Oil and Gas Authority (NOGA) will transition into an energy company that will look at energy resources outside of fossil fuels, an official said on Tuesday.Bahrain's king issued a royal decree in September abolishing the National Oil and Gas Authority (NOGA)…

ADIPEC: We Cannot Simply Unplug from Oil & Gas, ADNOC CEO Says

Nov 15, 2021

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not 'simply unplug' from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand…

ADNOC Drilling's Q3 Profit Rises Almost 50%

Nov 10, 2021

ADNOC Drilling posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.The unit of Abu Dhabi National Oil Company, which went public last month…

ADNOC Drilling Shares Soar in Debut for Abu Dhabi's Largest IPO

Oct 04, 2021

ADNOC Drilling shares jumped more than 30% as the unit of Abu Dhabi oil giant ADNOC started trading on Sunday after its $1.1 billion initial public offering (IPO), the largest ever on the Abu Dhabi stock market.ADNOC Drilling, whose share offering attracted more than $34 billion in demand…

ADNOC Completes Bookbuilding for Drilling Branch IPO Raising Over $1.1B

Sep 28, 2021

State oil giant Abu Dhabi National Oil Co (ADNOC) has completed bookbuilding for the initial public offering (IPO) of ADNOC Drilling, raising more than $1.1 billion, it said on Monday.The offering was oversubscribed, with total gross demand amounting to more than $34 billion…

Helmerich & Payne to Invest $100M in ADNOC Drilling IPO

Sep 08, 2021

U.S. contract oil and gas driller Helmerich & Payne (H&P) will invest $100 million in the initial public offering (IPO) of Abu Dhabi National Oil Company's drilling unit, the companies said in a joint statement.The cornerstone investment by…

ADNOC to Sell 7.5% Stake in Drilling Unit's IPO

Sep 07, 2021

ADNOC Drilling said on Monday it intended to list on the Abu Dhabi bourse, with its parent company Abu Dhabi National Oil Co (ADNOC) selling a minimum 7.5% stake in an initial public offering (IPO).This is the second public flotation of a company…

In a First, ADNOC Awards Offshore Block 5 Rights to Four Pakistani Companies

Aug 31, 2021

A consortium of four Pakistani companies led by Pakistan Petroleum Limited (PPL), has won an exploration concession award for Offshore Block 5 in Abu Dhabi, marking the first time Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession…

Fujairah Oil Terminal Invests in VLCC project. Expects Surge in Oil Trade

Aug 27, 2021

The Fujairah Oil Terminal is investing an estimated $45 million to upgrade the infrastructure at its storage facilities, betting on a surge in crude trading and storage demand at the United Arab Emirates oil hub, the company's chairman told Reuters…

ADNOC Logistics & Services Acquires Six Stan Tugs from Damen

Aug 24, 2021

ADNOC Logistics & Services has acquired six line boats to provide critical marine services across petroleum ports in Abu Dhabi. The company, the shipping and maritime logistics branch of the Abu Dhabi National Oil Company (ADNOC), said all the…

ADNOC Signs $1B Worth of Engineering Services Deals with Several Suppliers

Aug 23, 2021

The Abu Dhabi National Oil Company (ADNOC) said Monday it had signed framework agreements worth up to $1 billion for Concept and Front-End Engineering Design (FEED) services for major projects across its full value chain.The framework agreements…

Saudi Aramco Looking to Raise $17B from Gas Pipeline Sale

Aug 16, 2021

Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources familiar with the matter said on Monday.Potential…

Chinese Seismic Giant Buys 18,000 Seabed Nodes from Sercel

Jul 12, 2021

CGG, a France-based provider of seismic data for oil and gas exploration, said Monday its subsidiary Sercel has recorded the first major sale of its recently launched GPR300 seabed nodal solution.Sercel sold the nodes to BGP, a China-based international geophysical services provider…

Japanese Energy Firms, UAE's ADNOC to Explore Feasibility of Ammonia Production in UAE

Jul 08, 2021

Japan's Inpex Corp, JERA, and Japan Oil, Gas and Metals National Corp (JOGMEC) said on Thursday they had agreed with Abu Dhabi National Oil Company (ADNOC) to explore the feasibility of producing ammonia in the United Arab Emirates (UAE).Inpex…

Proserv Acquires Dron & Dickson's Abu Dhabi Business

Jun 15, 2021

Oil and gas services company Proserv Controls, has acquired the Middle Eastern operations of Dron & Dickson Electromechanical Contracting (DDEC) LLC, for an undisclosed fee. DDEC is a UK-based specialist in the supply, assembly, and maintenance of hazardous areas and industrial electrical equipment…

Current News

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