While ADNOC has yet to significantly expand its international upstream asset portfolio, its downstream acquisitions and investments in drilling and shipping are positioning the company as a strong competitor to global energy giants. With initiatives like XRG and strategic collaborations, ADNOC is solidifying its presence on the global stage.
Abu Dhabi’s ADNOC has signed a deal to supply 600,000 tonnes per year (tpy) from the Ruwais LNG project to Germany’s EnBW, the Emirati energy player announced on Monday.
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s Petronas. The 15-year SPA for supplying 1 million tonnes per annum (mtpa) of LNG converts a previous Heads of Agreement between ADNOC and Petronas into a definitive agreement.
ADNOC Gas has awarded Worley Engineering the FEED contract for the new gas processing facilities at the Bab Gas Cap (BGC) project in Abu Dhabi, the companies announced on Wednesday
The LNG will be sourced from ADNOC Gas’s Das Island natural gas facility and will be delivered on the basis of six cargoes per year. The deal is ADNOC’s first such sales and purchase agreement with an Indian buyer.
The surveying project was started by ADNOC in 2018 and, in what has become one of the world’s largest continuous seismic surveys, it has come to cover 85,000 square kilometres across onshore and offshore areas in Abu Dhabi.
Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in future demand for their crude in the petrochemicals sector.
Oilfield services company Enersol, a joint venture between ADNOC Drilling and UAE-listed investment company Alpha Dhabi Holding, has agreed to acquire a 95% equity stake in US drilling specialist Deep Well Services (DWS) for approximately USD 223 million, ADNOC Drilling announced on Monday.
Abu Dhabi’s national oil company ADNOC is expected to soon make a formal offer to buy Germany’s chemicals giant Covestro for $15.9 billion (14.4 billion euros) including debt, the Financial Times reported on Wednesday, citing sources with knowledge of the plan.
Abu Dhabi’s ADNOC has signed a long-term deal for the 1-million-tonne-per-year supply of LNG to Indian Oil, the emirate’s Media Office said on Monday.