Hamburger Buttonclose search
العربيةkeyboard_arrow_right

Latest Press Releases

Shaikh Mansoor

ADNOC and TAQA to Develop World Class Utilities at TA'ZIZ in Ruwais

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have signed an agreement to construct the utilities facility for TA’ZIZ, the new world-scale chemicals production hub and globally competitive industrial ecosystem currently under development at Ruwais, Abu Dhabi in the United Arab Emirates (UAE). This agreement brings together two of Abu Dhabi’s industrial champions, using the expertise and skills of both TAQA and ADNOC to enhance the attractiveness of TA’ZIZ projects and strengthen the value proposition for investors.

Read More
Shaikh Mansoor

ADNOC Raises USD 1.64 Billion Through Successful Combined Offering of ADNOC Distribution Shares and Issuance of Exchangeable Bonds Attracting Foreign Direct Investment into the UAE

Abu Dhabi National Oil Company (“ADNOC”), announced today the successful closing of its offering of approximately 375 million shares in ADNOC Distribution (the “Share Offering”), representing approximately 3% of the registered share capital of ADNOC Distribution. It also issued approximately USD 1.195 billion of senior unsecured bonds (the “Exchangeable Bonds”) due 2024 that are exchangeable into existing shares of ADNOC Distribution constituting approximately 7% of the registered share capital of ADNOC Distribution (ISIN: AEA006101017) (ADX Symbol: ADNOCDIST) under certain conditions (the “Exchangeable Bond Offering” and, together with the Share Offering, the “Combined Offering”). In total, the Combined Offering resulted in proceeds of USD 1.64 billion for ADNOC.

Read More
Shaikh Mansoor

ADNOC Enables UAE Industry through Long-Term and Reliable Natural Gas Supply

The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE and Arkan, a construction and building materials company in Abu Dhabi.

Read More
Filters
close
News and Insights

Filter ADNOC Newsroom

article-img

Read More
article-img
Jun 01, 2021

ADNOC and TAQA to Develop World Class Utilities at TA'ZIZ in Ruwais

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) have signed an agreement to construct the utilities facility for TA’ZIZ, the new world-scale chemicals production hub and globally competitive industrial ecosystem currently under development at Ruwais, Abu Dhabi in the United Arab Emirates (UAE). This agreement brings together two of Abu Dhabi’s industrial champions, using the expertise and skills of both TAQA and ADNOC to enhance the attractiveness of TA’ZIZ projects and strengthen the value proposition for investors.

Read More
article-img
May 26, 2021

ADNOC Enables UAE Industry through Long-Term and Reliable Natural Gas Supply

The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has signed long-term gas sales agreements with two of the United Arab Emirates’ (UAE) leading industrial companies: Emirates Steel (ES), the largest integrated steel producer in the UAE and Arkan, a construction and building materials company in Abu Dhabi.

Read More
article-img
May 26, 2021

ADNOC Raises USD 1.64 Billion Through Successful Combined Offering of ADNOC Distribution Shares and Issuance of Exchangeable Bonds Attracting Foreign Direct Investment into the UAE

Abu Dhabi National Oil Company (“ADNOC”), announced today the successful closing of its offering of approximately 375 million shares in ADNOC Distribution (the “Share Offering”), representing approximately 3% of the registered share capital of ADNOC Distribution. It also issued approximately USD 1.195 billion of senior unsecured bonds (the “Exchangeable Bonds”) due 2024 that are exchangeable into existing shares of ADNOC Distribution constituting approximately 7% of the registered share capital of ADNOC Distribution (ISIN: AEA006101017) (ADX Symbol: ADNOCDIST) under certain conditions (the “Exchangeable Bond Offering” and, together with the Share Offering, the “Combined Offering”). In total, the Combined Offering resulted in proceeds of USD 1.64 billion for ADNOC.

Read More
article-img
May 25, 2021

ADNOC Awards $744 Million Contract for Full Field Development of the Belbazem Offshore Block

The Abu Dhabi National Oil Company (ADNOC) announced today, the award of a $744 million (AED2.73 billion) contract for the full field development of the Belbazem Offshore Block, underscoring its drive to unlock and maximize value from all of Abu Dhabi’s fields as it expands its oil production capacity to 5 million barrels per day (mmbpd) by 2030. Located 120 kilometers northwest of Abu Dhabi city, the Belbazem Block consists of three so-called marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.

Read More
article-img
May 24, 2021

ADNOC to Build World-Scale Blue Ammonia Project

Abu Dhabi National Oil Company (ADNOC) announced today that it will advance a world-scale “blue” ammonia production facility in Ruwais, Abu Dhabi, in the United Arab Emirates (UAE). ADNOC is an early pioneer in the emerging hydrogen market, driving the UAE’s leadership in creating local and international hydrogen value chains, while contributing to economic growth and diversification in the UAE. The facility, which has moved to the design phase, will be developed at the new TA’ZIZ industrial ecosystem and chemicals hub in Ruwais.

Read More
article-img
May 18, 2021

ADNOC Invests $318 Million to Connect Smart Wells at Bu Hasa

The Abu Dhabi National Oil Company (ADNOC), announced today, an investment of up to $318 million (AED1.16 billion) to connect newly drilled smart wells to the main production facilities at Bu Hasa, which will sustain production capacity of 650,000 barrels per day (bpd) at ADNOC’s largest onshore asset.

Read More
article-img
May 04, 2021

ADNOC Announces Industry-Leading Initiative to Drive Efficiencies in its Tendering Process

The Abu Dhabi National Oil Company (ADNOC) announced today, it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This program supports ADNOC’s ongoing efforts to enhance its approach to procurement and maximize value for ADNOC and its community of suppliers and service providers.

Read More
article-img
Apr 15, 2021

ADNOC Keen to Explore Potential of Hydrogen Market with India’s Public and Private Sectors

The Abu Dhabi National Oil Company (ADNOC) is keen to explore the Hydrogen market with India’s public and private sectors to support India’s growing demand for energy and need for cleaner fuels according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC.

Read More
article-img
Apr 13, 2021

ADNOC Logistics and Services Continues Strategic Expansion with Acquisition of Two Additional VLCCs

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), today announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.

Read More
article-img
Mar 29, 2021

Historic moment for ADNOC as world’s first Murban Futures Contracts commence trading

The Abu Dhabi National Oil Company (ADNOC) & Abu Dhabi Motorsports Management (ADMM) today announced an extension to their long-term strategic partnership. Supporting the health and wellbeing of the UAE community, and providing more ways to participate in motorsport at all levels, will be key areas of focus, with ADNOC playing a pivotal role in the delivery of these objectives.

Read More