Abu Dhabi News

 

NPCC, Petrofac JV Bag Al Yasat Offshore Gig

Jul 29, 2019

National Petroleum Construction Company (NPCC) and Petrofac, in a joint venture with CNPC, have won a front-end engineering design (Feed) contract from Adnoc Group company Al Yasat Petroleum for the Belbazem Block Development project located offshore in Abu Dhabi…

ADNOC, Pertamina Ink Development Pact

Jul 24, 2019

The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic…

Oil&Gas Industry Records 1242 Contracts in Q1

May 13, 2019

The Oil and Gas industry reported 1242 contracts, of which 1178 were awarded contracts, said Quarterly Oil & Gas Industry Contracts Review.Europe, the Middle East and Africa (EMEA) region recorded the most contracts with 569 contracts, representing…

ADNOC Launches Bid for Five Blocks

May 02, 2019

Abu Dhabi National Oil Company (ADNOC) said that it has launched the second exploration bid round for five new oil and gas blocks.The bidding will be for both conventional and unconventional resources, and the successful bidders will enter into agreements granting them exploration rights…

Adnoc Signs USD4bln Pipeline Deal

Feb 25, 2019

Abu Dhabi State-Owned Oil Company Adnoc has sealed a $4 billion midstream pipeline infrastructure deal with BlackRock, the world's largest asset manager, and private equity firm KKR & Co.The Middle East national oil company said that the transaction includes the creation of Adnoc Oil Pipelines…

ADNOC, US Firm Sign USD 244mln Deal

Feb 03, 2019

Abu Dhabi National Oil Co. (ADNOC) said it awarded an onshore block, known as Onshore Block 3 to US-based oil and gas exploration and production company Occidental Petroleum.The award has been endorsed by Abu Dhabi’s Supreme Petroleum Council (SPC)…

Wintershall Appoints Helge Beuthan to Head ME

Jan 31, 2019

Germany's largest crude oil and natural gas producer Wintershall Holding has appointed Helge Beuthan as new general manager of its Middle East division in Abu Dhabi.Beuthan, the current vice president for global subsurface evaluation, would…

ADNOC Seals $5.8 bln Refining and Trading Deal with ENI, OMV

Jan 28, 2019

Italy's Eni and Austria's OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Company's (ADNOC) refining business and establish a new trading operation owned by the three partners.The transaction, which expands ADNOC's access to European markets…

Masdar Buys Stakes in US Wind Farms

Jan 15, 2019

Abu Dhabi Future Energy Company (Masdar) said on Tuesday it was acquiring John Laing Group's stakes in two wind farms in the United States, its first North American renewable energy investment.Masdar said it was buying stakes in the Rocksprings…

Eni, Thailand's PTTEP Win Adnoc Exploration

Jan 14, 2019

Italy's Eni SpA and Thailand’s PTT Exploration and Production Pcl secured rights to explore for oil and natural gas in Abu Dhabi from the Abu Dhabi National Oil Company (Adnoc), following Abu Dhabi’s first competitive block licensing round.A tweet from Adnoc said…

OMV Joins ADNOC for Ghasha Gas Project

Dec 19, 2018

Austrian oil and gas group OMV signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5 percent stake in the Ghasha offshore gas and condensate fields, strengthening its position in the region, it said on Wednesday.The…

Eni in Talks to Grow Presence in the Gulf

Dec 02, 2018

Italian major Eni is in talks to grow its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Gulf and offset its reliance on Africa, a source close to the matter said.The international oil company has a limited presence in the Middle East…

Wintershall Gains 10% Stake in Ghasha Gas Project

Nov 26, 2018

The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co. (ADNOC) said on Monday.The deal builds on ADNOC's new integrated gas strategy aimed at unlocking…

Eni 'Always Interested' in Abu Dhabi

Nov 23, 2018

Eni CEO Claudio Descalzi on Friday declined to say whether the Italian oil group would bid for the refining unit of Abu Dhabi state-owned oil company ADNOC, but added ENI was 'always interested in things regarding' the Gulf country.Descalzi…

ADNOC LNG Wins Extension of Gas Supply Contract to 2040

Nov 15, 2018

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, BP and Total.The the state-owned oil company of…

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