ADNOC to float drilling unit in Abu Dhabi IPO

Abu Dhabi’s energy giant ADNOC is planning on selling a minimum 7.5 per cent stake in its drilling unit ADNOC Drilling in an initial public offering (IPO). ADNOC Drilling is the largest national drilling company in the Middle East by … Read More

ADNOC inks deals worth nearly $1 billion with 8 top-tier contractors

The Abu Dhabi National Oil Company (ADNOC) has signed framework agreements for Concept and Front-End Engineering Design (FEED) services with eight different contractors with a total value of nearly $1 billion. ADNOC ADNOC said on Monday that the agreements are … Read More

INPEX, ADNOC to work on clean ammonia supply chain demonstration

INPEX Corporation, Japan’s largest exploration and production company, has signed a sales and purchase agreement with the United Arab Emirates-based oil company Abu Dhabi National Oil Company (ADNOC) concerning the application of clean ammonia for a demonstration supply chain linking … Read More

Schlumberger and Halliburton win big as ADNOC dishes out $763.7 million in new deals

UAE’s oil and gas giant ADNOC is making an investment of $763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity … Read More

Petrofac suspended from competing for new ADNOC contracts

UK oilfield services provider Petrofac has been suspended by UAE’s oil and gas giant ADNOC from competing for new contract awards until further notice. In a statement on Monday, Petrofac explained that this follows the Serious Fraud Office’s announcement of … Read More

ADNOC: Crown Prince of Abu Dhabi takes chair of new board

The Crown Prince of the Emirate of Abu Dhabi and the de facto ruler of Abu Dhabi Mohamed bin Zayed bin Sultan Al Nahyan, better known under his initials MBZ, has been named the chairman of the board of directors … Read More

DSME wins $260 million order for 3 VLCCs from ADNOC

Abu Dhabi National Oil Company (ADNOC) has placed an order for three very large crude carriers (VLCCs) with South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering. The contract is worth KRW 282 billion ($ 260 million), according to the shipbuilder. The VLCC … Read More