Tuesday, November 20, 2018

Abu Dhabi National Oil Company News

Total Wins 40% Stake in Unconventional Gas Concession

Photo: Abu Dhabi National Oil Company

Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important milestone…

ADNOC to Invest $1.4 Bln at Bu Hasa

(Photo: ADNOC)

The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it would invest 5.1 billion dirhams ($1.4 billion) to upgrade and expand its onshore Bu Hasa field.The upgrade will increase crude oil production capacity to 650,000 barrels

ADNOC LNG Wins Extension of Gas Supply Contract to 2040

Image: ADNOC

The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui…

Saudi Aramco, ADNOC to Cooperate on LNG

Saudi Aramco and ADNOC MoU signing ceremony. Photo: Saudi Aramco

The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal to explore potential areas for…

ADNOC Extends LNG Supply Deal to 2040

(Photo: ADNOC)

The Abu Dhabi National Oil Company (ADNOC) said on Wednesday it has agreed, in principle, to extend gas supplies to ADNOC LNG to 2040.The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing ag

Penspen Bags ADNOC Contract

Peter O’Sullivan (Photo: Penspen)

Penspen, a provider of engineering and project management services to the energy industry, said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) Onshore, with a value…

Wood Secures Major Contracts in Abu Dhabi

 Image: Wood

Aberdeen-based energy services firm Wood been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).Project management…

Saudi Aramco: 2 mln bpd of Spare Capacity Exists

File Image (CREDIT: AdobeStock / © Shamtor)

Oil giant Saudi Aramco has spare capacity of 2 million barrels per day (bpd) and can meet additional oil demand in case of any interruption in supplies, the company head said on Monday, days…

Kuwait Cuts January Output to Agreed OPEC Target

Saudi Arabia cuts output in Jan to around 10.058 mln bpd. Gulf OPEC member Kuwait has reduced oil production in January to around 2.707 million barrels per day, meeting its output target under an OPEC supply cut agreement…

Wellhead Expertise for ADNOC

Image: The Weir Group

Weir Oil & Gas Pressure Control Dubai has been awarded its first three-year contract to provide in-country wellhead equipment and services to Abu Dhabi National Oil Company (ADNOC) Onshore…

Oil Prices Rise as Saudi Arabia Discusses Supply Cuts

Oil prices rose on Thursday after Saudi Arabia started talks with customers about a reduction in crude sales to support a plan by OPEC to lower global supply. The Organization of the Petroleum…

Atlantic Council holds Global Energy Summit

HE Barkindo and OPEC Ministers at the Forum Photo OPEC

OPEC Secretary General, HE Mohammad Sanusi Barkindo, this week attended a new flagship initiative - the Global Energy Forum in Abu Dhabi - organized by the Atlantic Council, in partnership…

CNPC Wins $1.6 Bln Seismic Survey Deals from ADNOC

State-owned Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth 5.88 billion dirhams ($1.6 billion) to an affiliate of China National Petroleum Company (CNPC) to conduct the world’s largest 3D onshore

UAE's Adnoc Awards USD 1.6bln Contract to China’s CNPC

Image: ADNOC

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53…

Baker Hughes Acquires 5% of ADNOC Drilling for $550 Mln

(Photo: ADNOC)

Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced…

OMV, ADNOC Mull Possible Partnerships

Austrian oil and gas group OMV and Abu Dhabi National Oil Company (ADNOC) agreed on Thursday to explore opportunities for cooperation, among others in downstream projects. The two companies…

New UK Rules Could Lure Others Beyond Aramco

File Image (CREDIT: AdobeStock / (c) scanrail)

FCA proposed listing category tailored for state-owned firms; Critics say new listing could roll back on sensible reform. Proposed changes to Britain's listing regime are likely to attract…

Middle East Oil Producers Turn to Crude Trading to Boost Incomes

Middle East oil producers are venturing into trading crude as three years of weak oil prices has encouraged them to find new sources of income beyond the business of exporting their output.

ADNOC to Raise $2.25 Bln Pre-IPO Loan for Distribution Unit

Abu Dhabi National Oil Company (ADNOC) plans to raise a $2.25 billion loan for its distribution unit prior to selling a stake of up to 20 percent in the unit in an initial public offering (IPO), sources familiar with the matter said.

BP Gets 10% Stake in Abu Dhabi’s ADCO

ADNOC BP Infographic

BP today signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil concession…