Monday, 14 October 2024

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.

UAE state energy giant ADNOC will buy German chemicals firm Covestro for 12 billion euros ($13.3 billion) (AFP)
BusinessEconomyIndustryInfrastructureNewsOilPolitics

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.

News Release

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)...

News Release

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...

Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration
BusinessFuelHydrogenNewsPolitics

Exxon, Abu Dhabi’s ADNOC to partner in delayed Texas hydrogen project

Baytown refinery's hydrogen development gets significant investment from ADNOC despite uncertainty over tax credits.

News Release

Khaled bin Mohamed bin Zayed Witnesses Signing Ceremony for ADNOC and ExxonMobil to Partner in World’s Largest Low-Carbon Hydrogen Facility

ADNOC to acquire a 35% equity stake in Baytown, Texas, project that will produce virtually carbon-free hydrogenThe strategic investment will support both companies’...

FILE PHOTO: The logo of Malaysian energy group National Petroleum Limited, commonly known as PETRONAS, is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
Carbon ManagementClimateEmissionsNews

Petronas taps ADNOC, Storegga to evaluate carbon capture, storage

Firms will collaborate in Malaysia on carbon capture technology based around saline aquifers.

News Release

Shell plc publishes second quarter 2024 press release

London, August 1, 2024 "Shell delivered another strong quarter of operational and financial results. We further strengthened our leading LNG portfolio, and made...

News Release

Shell to invest in Ruwais LNG project in Abu Dhabi

10 Jul 2024 Abu Dhabi − Shell Overseas Holdings Limited, a subsidiary of Shell plc (Shell), has signed an agreement to invest in the...

FILE PHOTO: An Emirati woman arrives to ADNOC's Yash Social Center in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher Pike/File Photo
BusinessFinanceFuelLiquefied Natural GasNews

ADNOC’s Ruwais LNG to earmark 40% stake to Shell, Total, BP, Mitsui, sources say

Abu Dhabi National Oil Company (ADNOC) has earmarked a 40% stake in its Ruwais liquefied natural gas (LNG) project to four energy majors

BusinessFinanceNewsOilPolitics

UAE’s ADNOC recently eyed BP as takeover target, sources tell Reuters

The state-owned Abu Dhabi National Oil Company (ADNOC) ultimately decided BP would not be the right fit for its strategy, sources told Reuters.

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