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ADNOC

|By Arabian Post Staff| The Abu Dhabi National Oil Company (ADNOC) announced the signing of two historic agreements awarding Italy’s multinational oil and gas company Eni stakes in two of Abu Dhabi’s offshore concession areas. Eni joins an Indian consortium, led by ONGC Videsh, and Japan’s INPEX as stakeholders in the Lower Zakum concession. The awards mark the first time an Italian energy company has been given concession rights in Abu Dhabi’soil and gas sector. […]

|By Arabian Post Staff| Fujairah, which hosts the Middle East’s largest commercial storage capacity for refined oil products, has engaged S&P Global Platts in a 3-year agreement to distribute the Emirate’s weekly inventory data as part of its effort to position the Indian Ocean port-city as a global oil trading and storage hub. After a successful one-year publishing agreement, the Fujairah Oil Industry Zone (FOIZ) agreed to extend […]

|By Arabian Post Staff| The Abu Dhabi National Oil Company (Adnoc) is planning to significantly expand its use of Carbon Capture, Use and Storage (CCUS) technology to meet a six-fold increase in the utilization of CO2, for Enhanced Oil Recovery (EOR), over the next 10 years. The volume of the greenhouse gas safely locked away underground will be equivalent to the CO2 emitted by more than one million motor […]

|By Arabian Post Staff| ADNOC Distribution, the retail and fuel-selling arm of Abu Dhabi’s state-owned oil company, will be valued at $8.5 billion — around the middle of a range of possible valuations — when trading opens on the Abu Dhabi Securities Exchange (ADX) next week. The sale of 10 percent of the unit in an initial public offering (IPO) was oversubscribed “multiple” times by institutional investors, and […]

|By Arabian Post Staff|ADNOC plans to explore and appraise Abu Dhabi’s unconventional gas resources, as the company seeks to enable future value creation from its untapped gas resources, the company announced. ADNOC will spend over AED 400 billion over the next five years, as it embarks on its Upstream and Downstream expansion and growth projects, the company announced. The Supreme Petroleum Council (SPC) approved ADNOC’s key strategic […]

|By Arabian Post Staff| Emaar Properties announced an IPO, offering 20 per cent of Emaar Development, the company’ development unit to investors. The size off the IPO size is lower than what the market had anticipated, which was at least 10 percent higher. The listing will take place in November on the Dubai Financial Market. “The IPO of our UAE development business will allow potential investors an […]

|By Arabian Post Staff| The Abu Dhabi National Oil Company (ADNOC ) announced a unified brand bringing all subsidiary companies under one common identity and a centralised governance model but each business will continue to be autonomous.. The common identity will highlight the scale of its business, the size of its contribution to the UAE’s economy and its positive impact on the nation’s socio-economic development, the group […]

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|By Arabian Posr Staff| The Abu Dhabi National Oil Company (ADNOC) and Borealis have signed a framework agreement to expand both ADNOC and Borealis downstream petrochemicals business and support the delivery of ADNOC’s integrated smart growth and partnership strategy. Under the agreement, ADNOC and Borealis will move to the pre-feed (front end engineering and design) stage for the construction of the Borouge 4 complex, which encompasses a world-scale, mixed […]

The UAE has a Minister of Happiness. It also has a happiness rating, and for three years running has been the highest-ranked Arab country on the global Happiness Index, an annual list compiled by the Sustainable Development Solutions Network, under the General Secretariat of the United Nations. It also ranks 21st globally. A recent YouGov survey revealed that more than three-quarters of new arrivals in the UAE […]

15 March 2017 Dubai, UAE – Al Shafar General Contracting Company (ASGC), a leading and award-winning UAE construction group, was the recipient of the Roads and Transport Authority’s Best Mega Construction Projects Contractor Award. The award was presented by Mohammed Obaid Al Mulla, Board Member of the RTA’s Board of Directors, and received by Abdul Aziz Mohamed Bin Shafar, Vice President and Executive Director of ASGC, during […]

ABU DHABI // People are smuggling gas from Abu Dhabi to Dubai after illegally stocking up on cheap LPG cylinders by using the e-gas cards of the capital’s residents. An investigation by The National found that residents let friends and relatives use their pre-paid Rahal e-gas cards to exchange empty LPG cylinders for full ones, which they transport in their cars to Dubai. Rahal cards were introduced […]

All branches of the Armed Forces participated, including the Quick Reaction Force of the Presidential Guard, supported by the UAE Joint Aviation Command, the Navy, the Air Force, Air Defence and the Army. Antonie Robertson / The National The event was attended by Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and sheikhs, military commanders and officials. Ryan […]

28 February 2017 Abu Dhabi City Municipality – THE Abu Dhabi City Municipality has made a remarkable increase in strategic partners’ satisfaction about the existing agreements thanks to the improvements carried out by the Municipality aimed to bolster cooperation with partners, leverage the scale of municipal services to measure up with partner’s aspirations and meet the requirements of sustainable development in Abu Dhabi. The achievement reflects the […]

Etihad Rail, the developer and operator of the UAE’s multi-billion dollar national railway network, has announced it has transported 10 million tonnes of granulated sulphur for the Abu Dhabi National Oil Company (ADNOC) since launching stage 1 operations. Two trains move along the phase 1 network daily under the current timetable from Shah and Habshan to its point of export at Ruwais, each carrying up to 11,000 […]

State-run Abu Dhabi‎ National Oil Company (ADNOC) said on Sunday it had signed an agreement giving China National Petroleum Corporation (CNPC) an eight percent stake in a 40-year onshore oil concession. “CNPC contributed a sign up bonus of 6.5 billion dirhams ($1.8 billion) to enter the concession,” ADNOC said in a statement. The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). […]

|By Arabian Post Staff| Abu Dhabi National Oil Co. awarded China National Petroleum Company (CNPC) an 8 percent stake in its onshore venture in return for a $1.8 billion signing bonus, Adnoc said Sunday in a statement. State-run CNPC is the venture’s third Asian partner, joining Japanese and South Korean companies alongside BP and Total SA. Asia will show the fastest growth in energy demand over the next […]

Partnership will maximise onshore field value in support of ADNOC’s long-term growth objectives 19 February 2017 Abu Dhabi, UAE – Abu Dhabi National Oil Company (ADNOC), today, signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a sign up bonus of AED 6.5 billion ($1.77 billion) to enter the concession. The onshore […]

Agreement exchanged in presence of HH Sheikh Mohamed bin Zayed and India’s PM Narendra Modi Abu Dhabi, UAE – January 25, 2016  In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and India’s Prime Minister, Narendra Modi, the Abu Dhabi National Oil Company (ADNOC) and the Indian Strategic Petroleum Reserves […]

India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi’s strategic reserve system. New Delhi announced a series of pacts with the UAE ranging from defence, trade, maritime cooperation to energy after a meeting between Prime Minister Narendra Modi and Abu Dhabi’s […]

21 January 2017 Abu Dhabi, UAE: Middle East Sulphur 2017, a new conference held from February 12-16, will highlight the ever-growing value of the commodity regionally and beyond. Often viewed as a by-product of the oil and gas industries, sulphur is now coming to the fore as its versatility and potential is realised by business leaders around the world. Sulphur is also the primary source in producing sulphuric […]

14 January 2017 Abu Dhabi – ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for the month of January 2017. As per the announcement that is set on the 10th of every month, the new retail price is as follows: AED53 per 25lb up from the earlier marked retail price of AED49, and AED106 per 50lb from the earlier marked retail price of AED98. Saeed Mubarak Al Rashdi, […]

UAE’s Abu Dhabi National Oil Company (Adnoc) is seeking to enter more “strategic” partnerships to develop new business streams as part of its new five-year business plan and 2030 strategy, according to a news report. The state-owned company announced new strategy in November last year, revealing plans to scale up its oil production target by 400,000 barrels per day (bpd) to 3.5 million bpd in 2018 and […]

Abu Dhabi Gas Liquefaction Company Limited confers certificate of excellence to TÜV Rheinland Middle East for asset integrity services provided in 2015 TÜV Rheinland provides ADGAS continuous engineering support for oil and gas projects at Das Island 03 January 2017 A client’s award – TÜV Rheinland Middle East recently received a certificate of recognition for their consistent engineering support and excellent customer service during 2015. ADGAS […]

Abu Dhabi, 29 December, 2016 ADNOC Distribution has expanded its service station network in the Western Region of Abu Dhabi with the opening of a new service station ‘Barakah’ located near the Barakah nuclear power plant on the Abu Dhabi – Sila’a road. The opening ceremony was attended by Mohamed Hamad Bin Azzan Al Mazrouei, Undersecretary of the Ruler’s Representative Court in the Western Region, Abdulla Salem […]

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