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ADNOC

Abu Dhabi’s state-owned drilling company, ADNOC Drilling, has secured a significant contract worth approximately $733 million for three cutting-edge island drilling rigs. These rigs will bolster operations at the offshore Zakum field, a prolific oil and gas producer for the emirate. The new rigs will be constructed on existing and newly developed artificial islands, strategically positioned for optimal drilling and well completion within the Zakum field. Equipped […]

The energy sector is poised for a significant technological leap as the Abu Dhabi National Oil Company (ADNOC) and e&, a UAE-based tech and telecom group, announced a groundbreaking partnership to develop the industry’s largest private 5G network. Spanning an impressive 11, 000 square kilometers, this high-bandwidth connectivity solution will revolutionize ADNOC’s operations across both onshore and offshore facilities. This strategic collaboration marks a significant milestone in […]

Arabian Post Staff -Dubai For decades, Abu Dhabi National Oil Company (Adnoc) embodied the image of a traditional state-controlled oil producer, content to focus on its vast reserves. However, that perception is undergoing a dramatic transformation. Armed with a $150 billion war chest, Adnoc is rapidly emerging as a major player in the global energy market, actively pursuing strategic acquisitions. This week, Adnoc sent shockwaves through the […]

United Arab Emirates-based ADNOC Distribution, a leading fuel and convenience retailer, has set its sights on a significant expansion in the Egyptian market. The company aims to add six new filling stations to its Egyptian network every year, according to CEO Bader Al Lamki. This ambitious plan comes after a meeting between Al Lamki and the Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla. During the […]

ADNOC Drilling Company and Alpha Dhabi Holding, a strategic investment firm, announced a significant development for their joint venture, Enersol RSC LTD. Enersol has agreed to acquire an additional 42. 206% stake in Gordon Technologies LLC, a US-based leader in oil and gas measurement and drilling technology. This acquisition elevates Enersol to the position of majority shareholder in Gordon Technologies. The deal, valued at approximately $270 million, […]

The Abu Dhabi National Oil Company (ADNOC) announced a significant development in its relationship with the State Oil Company of the Azerbaijan Republic (SOCAR) on May 31st, 2024. ADNOC has awarded SOCAR a 3% participating interest in the SARB and Umm Lulu offshore concession. This strategic move strengthens the energy partnership between the United Arab Emirates (UAE) and Azerbaijan, while deepening ADNOC’s ties with SOCAR across the […]

Arabian Post Special The announcement of Saudi Aramco’s plan to sell shares on the public market has generated significant buzz in the financial world. This highly anticipated initial public offering (IPO) comes after years of speculation and strategic maneuvering by the Saudi government. Understanding the context of this offering and the initial investor response is crucial to assess its potential impact on Aramco and other government-owned oil […]

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The third edition of the Make it in the Emirates Forum (MIITE) concluded on Tuesday, solidifying its role as a key driver of industrial development in the United Arab Emirates (UAE). The two-day event, held in Abu Dhabi, attracted over 6, 000 attendees, including investors, industrialists, innovators, and industry experts. MIITE served as a platform for collaboration and progress, witnessing the signing of a significant 82 agreements. […]

The Abu Dhabi National Oil Company (ADNOC) has seen a significant uptick in drilling contract awards in 2024, signaling potential growth for the emirate’s oil and gas sector. According to reports, a total of 196 contracts have been awarded so far this year, amounting to a cumulative value of 3. 4 billion dirhams. Analysts attribute this surge to several factors, including ADNOC’s ongoing expansion plans and the […]

Arabian Post Staff – Dubai The Abu Dhabi National Oil Company (ADNOC) announced the successful completion of a secondary share sale in ADNOC Drilling, raising $935 million. This transaction, designed to broaden investor participation and enhance liquidity in the UAE’s equity market, follows ADNOC Drilling’s initial public offering (IPO) in 2021. The offering involved the placement of 880 million shares with institutional investors, representing 5. 5% of […]

ADNOC Drilling Company, a leading oil and gas drilling services provider, continues its impressive performance streak, achieving record first-quarter revenue and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period ending March 31, 2024. This stellar performance marks the third consecutive quarter where the company has surpassed market expectations. Revenue surged to a staggering $886 million, reflecting a robust 24% year-on-year growth. This upswing can […]

AD Ports Group, a UAE-based leader in trade, logistics, and industrial operations, announced a strategic agreement with Adnoc Distribution, the country’s top manufacturer of lubricants. This collaboration marks a significant shift for AD Ports, venturing into the global lubricant distribution market. The agreement leverages the strengths of both entities. AD Ports’ Ports Cluster, boasting a network of 24 terminals across the globe, offers a robust logistics infrastructure […]

The Environment Agency – Abu Dhabi (EAD) has expressed strong support for the Abu Dhabi National Oil Company’s (ADNOC) ambitious plans to curb carbon emissions. Dr. Shaikha Salem Al Dhaheri, Secretary-General of the EAD, lauded ADNOC’s recently unveiled decarbonization strategy, highlighting its critical role in achieving the emirate’s climate change goals. Dr. Al Dhaheri praised ADNOC’s commitment to innovation and forward-thinking solutions, which she believes are essential […]

The Abu Dhabi National Exhibition Centre (ADNEC) geared up to host the 16th edition of the International Defence Exhibition and Conference (IDEX) and the 7th edition of the Naval Defence Exhibition and Conference (NAVDEX) in February 2023. The event, held under the patronage of the UAE President, Sheikh Mohamed bin Zayed Al Nahyan, marked a significant milestone as it coincided with the 30th anniversary of IDEX’s launch. […]

The Abu Dhabi National Oil Company (ADNOC), along with its subsidiary companies, marked its presence at the recently concluded Ninth International Petroleum Technology Conference (IPTC) in Doha, Qatar. The participation highlighted ADNOC’s commitment to staying at the forefront of advancements in the oil and gas industry. The IPTC, a biennial event organized by the Society of Petroleum Engineers (SPE), serves as a key platform for industry experts, […]

James M Dorsey This year’s US presidential elections are not the only potential hurdle confronting President Joe Biden’s multi-pronged vision for a Middle East peace once the Gaza war ends. So is Israeli intransigence, the prospect of a long-term insurgency in post-war Gaza, and increasing Saudi Chinese technological cooperation. The Biden administration is pushing for a multi-pronged comprehensive Middle East deal that would not only end the […]

 In a dramatic turn of events, BP Plc and the United Arab Emirates’ (UAE) state oil firm ADNOC have suspended their ambitious $2 billion bid to acquire a major stake in Israel’s NewMed Energy. The deal, which was initially announced in March last year, has been put on hold due to the ongoing conflict in the region. The suspension of talks comes as the war in Gaza continues to escalate, impacting politics across the Middle East. […]

Arabian Post Special The news of Saudi Aramco and Abu Dhabi National Oil Company (Adnoc) exploring investments in the US liquefied natural gas (LNG) sector signifies a potential power shift with significant ramifications for established players in the business and future market dynamics. This foray into US LNG comes at a time when American banks are increasingly hesitant to finance domestic LNG producers due to environmental concerns. […]

The Abu Dhabi National Oil Company (Adnoc) emerged as the top investor in low-carbon solutions among national oil companies in 2023, according to a report by Energy Intelligence. This achievement comes despite a significant decline in low-carbon spending across the global oil and gas sector last year. While many energy companies prioritized profitability and meeting the rising demand for fossil fuels, Adnoc, responsible for almost all of […]

The Abu Dhabi National Oil Company (Adnoc) announced the successful completion of its acquisition of a 24.9% stake in OMV AG, a global energy and chemicals company headquartered in Vienna, Austria. The acquisition, finalized on February 29, 2024, was purchased from Mubadala Investment Company, a sovereign wealth fund based in the United Arab Emirates. This strategic move aligns with Adnoc’s ambitions to expand its footprint in the […]

NEW DELHI: India’s crude oil suppliers such as the Abu Dhabi National Oil Company (ADNOC) have expressed concern over repatriation of funds in preferred currency and the high transaction costs on conversion of funds along with exchange fluctuation risks. India’s crude oil import bill, which accounts for 25 per cent of the overall merchandise imports, […]

The post India’s Crude Oil Suppliers Frown Over Rupee Settlement For Cargoes first appeared on Latest India news, analysis and reports on IPA Newspack.

By K Raveendran It is no surprise that COP28 Dubai has proceeded the way it has. As member countries grappled with how to formalise and approach towards the most sensitive issue of fossil fuels, the climate summit had to be extended to try and work out a consensus. According to latest reports emerging the vibrant […]

The post COP28 May Have Avoided A Showdown, But Conflict Points Remain Largely Unresolved first appeared on Latest India news, analysis and reports on IPA Newspack.

Arabian Post Staff Abu Dhabi National Energy Company (Taqa), one of the largest listed integrated utilities in Europe, the Middle East and Africa, unveiled revised growth targets that will see the group accelerate the development of new power and water generation assets. Building upon its 2021 growth strategy, the revised growth targets see Taqa aiming for 150 gigawatts (GW) of gross power generation by 2030, up from […]

Arabian Post Staff ADIPEC 2023 closed with the global energy industry delivering a clear message that it is united in its commitment to decarbonise and to fast-track the energy transition, while continuing to meet global energy needs. The event achieved a record-breaking attendance of over 184,000, the largest edition of ADIPEC ever. Building on its nearly 40-year legacy, ADIPEC has evolved, growing in size and reach, as […]

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Just in:
Emaar approves Development buyout ahead of planned delisting // APT29-linked campaign exploits outdated Apple and Android software // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Oil and chip shares retreat after Democratic victories // OpenAI abandons secrecy agreements for future data centres // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Dubai boat show confirms international shipyard line-up for November // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Kochi police detain two actors over bid to honey trap doctor // Millions Of Indians May Soon Be Deprived Of Government Assistance // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Motorola introduces Signature 27 flagship priced at $1,599 // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // UK air traffic outage inflicted £33m financial losses // Miss Universe Hong Kong Jen Zhou Departs for Puerto Rico to Compete in the 75th Miss Universe World Final // Technology shares plunge as Nasdaq enters correction // CM disputes Vijayan’s claims // TVM –Mangaluru Vande Bharat claims top spot // Excise chief shunted out in bar licence dispute //