Focus on ADNOC
Founded in 1971, ADNOC is a leading diversified energy group, wholly owned by the Abu Dhabi Government. Our network of fully integrated businesses operates across the energy value chain, helping us to responsibly meet the demands of an ever-changing energy market. Already among the lowest carbon intensity oil and gas producers in the world, we are taking significant steps to make today’s energy cleaner while investing in the clean energies of tomorrow, strengthening our position as a reliable and responsible global energy provider. We are allocating an initial $23 billion to advance and accelerate lower-carbon solutions, investing in new energies and decarbonization technologies to enable our net zero by 2045 ambition and our commitment to zero methane emissions by 2030.
Baker Hughes Announces Fourth-Quarter and Full-Year 2024 Results
Fourth-quarter highlights Orders of $7.5 billion, including $3.8 billion of IET orders.RPO of $33.1 billion, including IET RPO of $30.1 billion.Revenue of $7.4...
Flowserve to Supply Dry Gas Seals for Groundbreaking Carbon Capture Initiative
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”), a leading provider of flow control products and services for the global infrastructure markets,...
BP, ADNOC’s XRG agree Egypt gas JV Arcius Energy
The joint venture, Arcius Energy, is 51 per cent owned by BP and 49 per cent owned by XRG and will operate in...
Glencore-Chandra Singapore refinery to earmark 20% of output for Shell, sources say
Glencore and Chandra Asri aim to finalize their Singapore refinery acquisition in Q1 2025, launching Aster for operations.
Weatherford Secures Three-Year Contract with ADNOC
HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been awarded a three-year...
The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US election
The UAE opens its oil summit, eyeing production boosts amid volatile prices and geopolitical uncertainty.
Qatar LNG sales to key Asian markets confronted by US, UAE rivalry
Qatar struggles to secure new LNG deals with Japan and South Korea as competition rises from U.S. suppliers offering flexible terms.
UAE oil giant ADNOC swoops on German chemicals firm Covestro
Covestro accepts ADNOC's 12 billion euros takeover bid, boosting ADNOC’s diversification while Germany's chemical sector struggles.
SLB and ADNOC Drilling Partner for Unconventional Oil and Gas Development
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV)...
ADNOC Signs Heads of Agreement with IndianOil for Ruwais LNG Project
15-year LNG agreement for 1 mmtpa reinforces ADNOC’s position as a reliable global natural gas provider IndianOil is set to become ADNOC’s biggest...
