ADNOC has signed strategic collaboration agreements with Indian energy companies covering crude oil storage, LNG and LPG cooperation as the UAE and India deepen long-term energy ties amid rising regional supply and shipping concerns.
The UAE’s ADNOC plans to invest billions of dollars in building a presence in the U.S. natural gas industry, the Financial Times reported today, citing the chief executive of ADNOC’s international investment division, XRG.
ADNOC CEO Sultan Al Jaber warned that disruption of the Strait of Hormuz represents a direct threat to global energy security, describing attempts to block the vital waterway as “economic terrorism” with far-reaching consequences for oil and gas markets.
ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics subsidiary of Abu Dhabi National Oil Company (ADNOC), the UAE’s energy giant, plans to order up to six liquefied natural gas (LNG) carriers in an effort to accelerate its entry into the global natural gas trading market.
ADNOC Gas PLC has signed a long-term deal worth $3.5-4.2 billion to supply natural gas to Emsteel. “The 20-year agreement, effective January 1, 2027, secures a stable and reliable supply of lower-carbon natural gas to power Emsteel’s operations and future growth”, a joint statement said. Emsteel chief executive Saeed Ghumran Al Remeithi said the contract […]
XRG PJSC has taken over ADNOC Distribution PJSC, ADNOC Gas PLC and ADNOC Logistics and Services PLC, ADNOC said in a recent statement. ADNOC Drilling Co PJSC’s transfer was awaiting regulatory approvals, ADNOC said.
The agreement establishes an expanded framework between the companies, already longtime collaborators, to partner on the provision of maritime and integrated logistics services for offshore EPC projects.
ADNOC has begun drilling horizontal wells and testing oil to the surface at a shale block operated by EOG Resources in the Al Dhafra region of Abu Dhabi, Reuters reported on Tuesday.
ADNOC L&S was first listed on the Abu Dhabi Securities Exchange in a June 2023 IPO that raised USD 769 million for parent company ADNOC, which retained an 81% stake. This secondary offering follows ADNOC’s marketed placement of ADNOC Gas shares in February 2025, which raised USD 2.84 billion.
With the deal, IndianOil is on track to become ADNOC’s largest LNG customer by 2029. The company will account for a total offtake of 2.2 million tpy, of which 1.2 million tpy from Das Island under a contract signed in February 2025 with ADNOC Gas and 1 million tpy from Ruwais under this latest deal.