Former BP chief Bernard Looney joins board of ADNOC subsidiary XRG
Former BP chief executive Bernard Looney has been appointed to the board of Abu Dhabi energy firm XRG in his first role in the energy sector since leaving the oil major.
Abu Dhabi National Oil Company (ADNOC)
Former BP boss Bernard Looney linked with Abu Dhabi role
The former BP chief reportedly met with senior figures in Abu Dhabi, including the head of Adnoc.
UAE’s Adnoc to buy Galp’s stake in Mozambique LNG project
The United Arab Emirates’ main oil company agreed to buy a 10% stake in a natural gas project in Mozambique, its second major deal this week as it seeks to expand the business globally.
UAE oil giant buys into NextDecade LNG in first US deal
The United Arab Emirates’ main oil company bought a stake in NextDecade Corp.’s (NYSE:NEXT) natural gas export project in Texas, in a first US acquisition that also gives it a 20-year supply deal.
ADNOC considered takeover of BP
Abu Dhabi National Oil Company (ADNOC) had been looking into a potential takeover bid for BP (LON: BP), however, the firm has decided against the move.
Adnoc Gas to invest $13bn in growth opportunities over next five years
The Abu Dhabi National Oil Company (Adnoc) plans to invest $13 billion (£10.3bn) in "domestic and international growth opportunities" over the next five years through its gas and LNG arm, Adnoc Gas.
BP, Adnoc suspend $2bn Israel gas deal as war rages
BP and the United Arab Emirates’ state oil firm suspended a $2 billion bid to buy a major stake in Israel’s NewMed Energy as the war in Gaza upends politics across the region.
Adnoc aims to reach investment decision on new LNG plant by June
Abu Dhabi National Oil Co. is advancing plans for a new liquefied natural gas export project, making it the latest company looking to capture a share of the growing market later this decade.
BP to Invest $1.5bn in Egypt as country’s gas output falls
BP plans to invest about $1.5 billion in Egypt during the next few years as it seeks to develop gas projects and drilling in the North African country.
UAE state-owned oil firm ADNOC invests in UK carbon capture firm Storegga
Carbon capture firm Storegga is a partner in the Acorn and Trudvang CCS projects
UAE’s Masdar buys into £11bn UK wind farm
Masdar, the UAE state-owned renewables firm, has acquired a 49% stake in a major UK wind project in the North Sea.
Al Jaber denies using COP28 Presidency to make oil and gas deals
The head of global climate change talks starting in Dubai this week has strongly denied using his position to advance the United Arab Emirates’ commercial interests.
Update: ADNOC, Harbour said to mull acquisition of BASF’s Wintershall Dea unit
ADNOC and UK-listed Harbour Energy are both reported to be considering a deal for BASF's Wintershall Dea business.
Why carbon capture is Big Oil’s solution for climate change
Sultan Ahmed Al Jaber is the President-Designate of the upcoming United Nations climate summit in Dubai, or COP28. He’s also head of the Abu Dhabi National Oil Company.
Energy Transition in the Middle East
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
BP, Adnoc urged to raise $2bn bid for NewMed stake
An independent committee evaluating BP and Abu Dhabi National Oil Co.’s roughly $2 billion offer for 50% of NewMed Energy has requested the oil and gas giants substantially increase their bid, people with knowledge of the matter said.
India’s Gail explores buying stake in a US LNG export plant
Gail India Ltd. is looking to buy a stake in a US liquefied natural gas export facility amid a wider global effort to secure supply to meet rising fuel demand.
Gulf IPO rush resumes as Adnoc tees up largest deal of 2023
The United Arab Emirates’ national oil company plans to raise $2 billion or more by listing its natural gas business in what could the largest initial public offering so far this year.
UAE to more than double LNG export capacity with Fujairah plant
Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand.
Schlumberger, Halliburton and Weatherford among winners of $2bn ADNOC contracts
Abu Dhabi National Oil Company (ADNOC) announced a series of framework agreement awards worth some $2 billion, as it embarks on a new drilling programme.
ADNOC unveils £2.7billion electrification project for huge offshore oil and gas fields
ADNOC has unveiled a £2.7billion development for electrification of giant offshore oil and gas fields off Abu Dhabi.
ADNOC Drilling IPO raises $1.1bn after investors place $34bn of orders
ADNOC (Abu Dhabi National Oil Company) has announced that it has raised more than $1.1billion through the IPO of its subsidiary ADNOC Drilling, which was vastly oversubscribed.
Petrofac suspended from competing for Adnoc contracts amid SFO investigation
Petrofac has been suspended from tendering for Adnoc contracts as a Serious Fraud Office (SFO) bribery investigation rolls on.
Petrofac wins contracts worth £1.3billion for Abu Dhabi ‘mega project’
Petrofac has been awarded two contracts worth a combined £1.3billion for a “mega project” near Abu Dhabi.