The United Arab Emirates’ biggest oil company is seeking to buy its first natural gas producing fields in the US to deepen its presence in the country, according to people familiar with the matter.
ADNOC has signed a sales and purchase agreement with Japanese utility Osaka Gas under which it will supply up to 800,000 tonnes per year (tpy) of LNG over 15 years, ADNOC announced on Thursday.
ADNOC has completed a marketed offering to institutional investors of 3.1 billion ordinary shares in ADNOC Gas, raising gross proceeds of approximately USD 2.84 billion, ADNOC announced on Friday.
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company.
ADNOC Gas has achieved a record-breaking net income of USD 5 billion for 2024, a 13% increase over 2023, the gas-focused ADNOC subsidiary said on Friday.
Abu Dhabi National Oil Co.’s holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s liquefied natural gas export project will move to XRG, according to Chief Executive Officer Sultan Al Jaber. XRG aims to invest in technologies that power the energy transition and the shift to advanced technologies, Al Jaber wrote in a column on the news website Semafor.
Abu Dhabi’s ADNOC is moving some of its natural gas and green energy assets in the United States into its recently created $80-billion international energy investment company, the CEO of the national oil company of the United Arab Emirates says.
Abu Dhabi National Oil Co. (ADNOC) has said the carbon intensity of its Shah field is now 0.1 kilograms of carbon dioxide equivalent per barrel of oil equivalent (kgCO2e/boe). The company said in a media release that these levels are a benchmark among global oil fields.
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure.
The UAE’s ADNOC Gas has signed an agreement under which it will supply LNG to energy trading company JERA Global Markets for a period of three years, ADNOC Gas announced on Monday.