Adnoc’s $15bn investment in low carbon strategy is another step on a long road to net zero
From Europe, it appears as dilemma, a paradox, a contradiction. From the Gulf, it seems much simpler. What road must oil companies travel as an energy-hungry world seeks a climate-friendly destination? Adnoc announced Dh55 billion ($15 billion) of investments to 2030 in its low-carbon activities. This follows three other important transactions: in December, it bought Mubadala’s 24.9 […]
Adnoc’s new gas subsidiary begins operations
Adnoc’s new gas processing and marketing company, Adnoc Gas, began operations on January 1. Adnoc intends to proceed with an initial public offering (IPO) of a minority stake in Adnoc Gas on the Abu Dhabi Securities Exchange (ADX) during the course of this year, the state-run energy company said in a statement on Tuesday. A […]
Abu Dhabi’s ADNOC invites banks to pitch for gas business IPO -sources
Abu Dhabi National Oil Company (ADNOC) has invited investment banks to pitch for roles in the initial public offering (IPO) of its gas business next year, two sources familiar with the matter told Reuters. Bankers familiar with the matter said a request was sent to a select number of banks last week for […]
ADNOC accelerates delivery of low carbon growth strategy to continue responsibly meeting global energy needs
Abu Dhabi National Oil Company (ADNOC) is accelerating operationalisation of its board mandated low carbon growth strategy, by establishing a new Low Carbon Solutions and International Growth vertical that will focus on renewable energy, clean hydrogen and carbon capture and storage, as well as international expansion in gas, liquefied natural gas (LNG) and chemicals. Musabbeh […]
Stats Group wins big Abu Dhabi subsea pipeline project work
UK-based Pipeline technology specialist Stats Group said it has been commissioned by UAE-headquartered oil and gas EPC contractor National Petroleum Construction Company (NPCC) to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project, on behalf of a national operating company. Stats said the project win is the […]
NPCC pens pipe deal with Al Gharbia Pipe Company
National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (NMDC), has signed a purchase order agreement with Abu Dhabi-based Al Gharbia Pipe Company (AGPC) on the sidelines of ADIPEC 2022, the world’s most influential gathering for the energy ecosystem. The agreement entails the supply of 87 KMs of 34” Submerged […]
UAE, Indonesia to develop cooperation in energy sector
The UAE Ministry of Energy and Infrastructure and the Indonesian Ministry of Energy and Mineral Resources have signed a Declaration of Intent to boost the economic and social development between the two countries and exchange knowledge and data in the energy sector. Signed during a joint meeting between the two countries at the […]
Al Gharbia Pipe wins big supply contract for Abu Dhabi project
National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (The Group), has signed a purchase order agreement with Abu Dhabi-based Al Gharbia Pipe Company (AGPC) for the supply of 87 km of 34′ submerged arc welding line pipes for the Lower Zakum Long Term Development Phase-1 (LZ LTDP-1) New Main Gas […]
ADNOC Refining secures new international partners, further enabling UAE’s Industrial Growth
ADNOC Refining, a joint venture company between the Abu Dhabi National Oil Company (ADNOC), Eni, and OMV, announced today that it has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest) to acquire its waste management operations […]
UAE: World needs maximum energy with minimum emissions, says minister
Maximum energy with minimum emissions can ensure global energy security, an Emirati minister said during the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) 2022. Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology noted that the conference comes at a “pivotal” moment. “The solutions we agree on and the […]