ADNOC Archives - Page 4 of 4

ADNOC awards ADNOC Drilling $1.53 billion contract to support offshore operations expansion

October 10, 2022

World Oil Abu Dhabi National Oil Company (ADNOC) announced the award of a contract worth $1.53 billion (AED 5.62 billion) to ADNOC Drilling. The award supports the expansion of ADNOC’s offshore operations and its objective to responsibly increase production capacity and meet the growing global demand for reliable, lower carbon intensity oil and gas. ADNOC Offshore awarded the two-year

ADNOC awards $1.83 billion in contracts for drilling-related services

September 1, 2022

World Oil Abu Dhabi National Oil Company (ADNOC) announced the award of five framework agreements totaling $1.83 billion (AED 6.72 billion) for Directional Drilling and Logging While Drilling (LWD). These agreements should support ADNOC’s efforts to expand production capacity of its low carbon oil and gas resources to help meet the world’s growing demand for energy. The framework agreements are

Morgan Stanley not given advisory role on Aramco pipeline sale: sources

May 28, 2020

Reuters LONDON/DUBAI – Morgan Stanley (MS.N) has not been given an advisory role on the potential sale of a stake in Saudi Aramco’s pipeline business, a deal worth over $10 billion, two sources told Reuters. The U.S. investment bank, which has previously advised the world’s largest oil company, was originally looking to be part of the advisory group on any

Saudi Aramco sends first blue ammonia shipment to Japan -oilandgas360

As Aramco hails record IPO, Abu Dhabi’s ADNOC whips up $19 billion

January 15, 2020

Reuters Dubai – The talk’s all been about Saudi Aramco, and the suspense of its historic drive to whip up international cash. But, more quietly, its Gulf oil peer ADNOC has also been courting foreign funds – and its efforts compare favorably. Like Saudi Arabia, Abu Dhabi’s economy was hit by a dramatic fall in oil prices in mid-2014, triggering

Oil is our gold and we aim to use all of it, ADNOC official says

November 13, 2019

Reuters: Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said. The world’s transition away from fossil fuel in an effort to slash greenhouse gas emissions is expected to accelerate in coming decades, leaving many oil companies

Singapore’s Sovereign Wealth Fund Joins KKR and BlackRock in Abu Dhabi Pipeline Investment

July 30, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Combined investment in Abu Dhabi National Oil Company’s pipeline project reaches almost $5 billion Source: Abu Dhabi National Oil Company Singapore’s sovereign wealth fund, GIC, has entered into an agreement with the Abu Dhabi National Oil Company (ADNOC) to contribute $600 million towards crude pipeline infrastructure, joining other prominent investors such

KKR, BlackRock Set to Invest in ADNOC Pipeline Unit

February 25, 2019

From Bloomberg KKR & Co. and BlackRock Inc. agreed to invest $4 billion in Abu Dhabi’s oil pipelines, securing two decades of guaranteed returns and providing the Middle Eastern energy producer a cash injection to help diversify its economy. Abu Dhabi National Oil Co. will receive the payment upfront and the deal paves the way for similar investments, Sultan Al Jaber, chief executive officer

Baker Hughes to Double Investments in UAE

July 12, 2018

As ADNOC preps $45 billion partnership to create the single largest integrated refining and petrochemicals destination in the world From Gulf News Abu Dhabi: Baker Hughes, a GE Company, is aiming to double its investments in the petrochemical industry in the UAE and also expand its footprint in the region due to growing opportunities driven by higher oil prices, a

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