Adnoc without oil – company considered rebrand ahead of COP28
“We are increasingly aware of the reputational challenges posed by our brand name and positioning,” the centre reported Adnoc as saying.
ADNOC
Petrofac takes Adnoc EPC prize at Habshan
“Petrofac has a long and strong track record supporting Adnoc in the UAE, rooted in our steadfast commitment to maximising local delivery, investing in the local supply chain, and developing local teams," said Petrofac Engineering & Construction COO Elie Lahoud.
Adnoc awards $975mn artificial island contract
The Lower Zakum long-term development plan aims to increase production to a peak of 500,000 barrels per day. Adnoc expects to achieve this in around five years.
Petrobras confirms talks with Adnoc, Apollo
In May, reports suggested Adnoc and Apollo had offered $7.6 billion for Braskem.
Adnoc Drilling orders six more hybrid rigs
The new rigs will use a high capacity battery and engine, in parallel to traditional diesel generators. As a result, Adnoc Drilling said the new units would reduce greenhouse gas emissions by 15% in comparison with a traditional rig.
UAE’s top oil producer Adnoc explores introducing new heavier crude grade
Creating the new grade could help ensure the quality of Adnoc’s other offshore crudes by weeding out heavier barrels.
Onshore drilling to boom in Middle East, Westwood predicts
By 2027, rig demand in the GCC area will be 53% higher than 2019, Westwood’s Jensen predicted.
Abu Dhabi sets focus on tech and emissions, ahead of COP28
“Last year, developing economies received only 20% of clean tech investments. These economies represent 70% of the world's population – that's over 5 billion people,” Sultan Al Jaber said.
Adnoc switches LNG expansion site
The Al Ruwais facility would use electric-drive trains, running on renewables and nuclear power. As a result, Adnoc said, it will be “one of the lowest carbon intensity LNG facilities in the world”.
BP, Adnoc make take private offer for NewMed
BP said the offer was in line with its "stated strategy and financial frame including current guidance for capital expenditure".
Eni, Adnoc agree to clean energy co-operation
Eni said the companies may work together in renewable energy, blue and green hydrogen, carbon capture and storage (CCS), tackling methane emissions and other areas.
Accelerating acquisitions, Adnoc Drilling orders hybrid land rigs
The company said the new rig order was a “direct response” to Adnoc’s production targets. It aims to reach 5 million barrels per day of capacity by 2027, in addition to achieving gas self sufficiency for the United Arab Emirates.
Cepsa sells down Abu Dhabi interests to Total
Cepsa said the sale was intended to allow it to focus on its Positive Motion strategy. This will make Cepsa a leader in sustainable mobility, biofuels and green hydrogen in Spain and Portugal, it said.
Adnoc Gas opens book to public, aims to raise $2 billion
The offer runs until March 1. It covers around 4% of the shares in the company. It will raise $1.9 to 2 billion. The price values Adnoc Gas at $47 to 50.8bn.
Germany receives first Middle Eastern LNG, from Adnoc
Alebri said the delivery “demonstrates how the UAE is continuing to work closely with our strategic partners in responsibly providing secure, sustainable and affordable energy supplies”.
Adnoc hands out early offshore Hail and Ghasha work
Adnoc has awarded a pre-construction award for offshore facilities on the Hail and Ghasha project to a group including National Petroleum Construction Co. (NPCC).
Samsung Engineering venture wins early Hail, Ghasha work
Adnoc has awarded Samsung Engineering a letter of award for pre-construction services on the Hail and Ghasha project.
Adnoc strikes carbon-to-rock deal with 44.01
Adnoc has struck a deal with 44.01 to bring technology to Fujairah to transform CO2 into rock.
UAE signs up to UK energy plans, Masdar eyes Amsterdam
The MoU today demonstrates that “not only are we are strengthening our energy security and lowering bills for consumers in the long term, we’re unlocking huge opportunities for investment in British expertise and jobs in the process”.
Adnoc launches gas unit, eyes international LNG expansion
Gas, he said, would be “a critical fuel in the energy transition and Adnoc Gas, through its world-scale operations and significant growth and expansion plans, will be well-positioned to meet both local and international gas demand”.
State funds moving greener, continuing shift from oil
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
Adnoc to invest $15bn in low carbon drive
The company aims to capture 5 million tonnes per year of CO2 by 2030, it has said. Adnoc’s Al Reyadah facility captures 800,000 tpy currently. The next major investment will come at the Habshan gas processing facility, using local geology.
Adnoc buys a quarter stake in OMV
Adnoc has struck a deal to buy a 24.9% stake in Austria’s OMV, for an undisclosed price, from Mubadala Investment.
Adnoc Drilling adds two more jack-ups
Adnoc Drilling has bought another two jack-ups for $200 million, as it continues its expansion programme.
Petrofac lands EPC contract with ADNOC in the UAE
The UK-based Petrofac (LON: PFC) has secured an engineering, procurement and construction (EPC) lump-sum contract with ADNOC in the United Arab Emirates (UAE).