ADNOC announces new Upstream Methane Intensity Target of 0.15% by 2025

    Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane Intensity target of 0.15% by 2025. The new target is the lowest in the Middle East, reinforcing ADNOC’s status as a leader in the responsible production of lower carbon energy. ADNOC’s 0.15% methane intensity target means […]

ADNOC ‘in talks’ to acquire or invest in energy trader Gunvor Group – report

Abu Dhabi National Oil Company (ADNOC) is reportedly looking for a partial or full acquisition of Geneva-based Gunvor Group, according to a Bloomberg report. The state-run oil producer has conducted “early-stage talks” about the potential acquisition, Bloomberg reported, citing sources who asked not to be named. Gunvor is one of the world’s largest independent commodities […]

Adnoc finds local manufacturing potential worth $19bln

Abu Dhabi National Oil Company (Adnoc) has announced that it has identified AED70 billion ($19 billion) worth of products in its procurement pipeline that could be manufactured locally. Out of this value, Adnoc signed agreements for local manufacturing opportunities worth AED21 billion ($5.7 billion) with UAE and international companies at the Make it in the […]

UAE’s Dana Gas says rocket lands in Kurdistan’s Khor Mor gas field

UAE-based energy firm Dana Gas said a small rocket landed inside the Khor Mor gas field in the Kurdistan Region of Iraq on Wednesday. “No damage occurred, and production operations continued normally without interruption,” the Abu Dhabi Securities Exchange-listed company said in a bourse filing on Thursday. Two contractor staff were treated for minor injuries […]

Abu Dhabi’s NPCC wins $673mln Aramco contracts

Abu Dhabi-based National Petroleum Construction Company (NPCC) has been awarded two contracts worth a total of $673 million by oil producer Saudi Aramco. Abu Dhabi Securities Exchange-listed National Marine Dredging Company, which wholly owns NPCC, said in a bourse filing that the first contract relates to Aramco’s Jafurah Development Program project and is worth $460.2 […]

EFG Hermes plays key role in Borouge’s $2bln ADX listing

EFG Hermes, a leading investment bank franchise in Frontier Emerging Markets (FEM), has announced that its investment banking division successfully concluded its role as joint bookrunner on Borouge’s $2 billion initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The transaction marks the largest-ever listing in Abu Dhabi’s history since Adnoc Drilling’s $1.1 […]

Abu Dhabi’s ADNOC Drilling signs deal to acquire two offshore drilling units

ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company (ADNOC), is acquiring two more premium offshore jack-up drilling units, to boost its oil production capacity and meet growing demand, the company said on Monday. The company has just signed a sale and purchase agreement (SPA) for the drilling unit expansion, which is part of […]

Malaysia’s Serba Dinamik signs agreements for vertical farming, oil and gas, construction projects in the UAE

Malaysia-based international energy services company Serba Dinamik Sdn Bhd (Serba Dinamik) announced on Monday that it has signed Memorandum of Agreements (MoA) in the UAE for vertical farming, infrastructure and property development, and integrated solutions for the oil and gas industry. The statement quoted the group managing director and chief executive Officer Dato’ Dr Mohd […]

ENOC Group launches new compact station to support fuelling needs in DAFZA

  ENOC Group today announced the launch of its compact station in the Dubai Airport Freezone (DAFZA), offering customers accessible and convenient refuelling services. The station is designed to cater to fuelling needs for the entire DAFZA region where major logistics offices are located. The economic zone is home to over 1,600 international firms from […]

McDermott wins Feed contract for Adnoc’s LNG project in Fujairah

McDermott International, a leading engineering, procurement, construction and installation (EPCI) company, has been awarded a front-end engineering and design contract by Abu Dhabi National Oil Company (Adnoc) for its new, carbon-efficient liquefied natural gas (LNG) plant located in the northern emirate of Fujairah. The Fujairah LNG export terminal will include two trains, each with a […]