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ADNOC

ADNOC Announces Internal Transfers of Shareholdings in its Listed Companies to XRG

Abu Dhabi National Oil Company (ADNOC) P.J.S.C announced today that it will transfer its equity stakes in its listed companies to XRG P.J.S.C. (XRG), ADNOC’s wholly-owned international energy investment company. ADNOC will continue to retain control and ultimate ownership of the listed companies through its 100% shareholding of XRG and reaffirms its commitment to long-term value creation and capital discipline.

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Khaled bin Mohamed bin Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.

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ADNOC

ADNOC Successfully Completes c.AED 1.16 Billion Sale of ADNOC L&S Shares, Increasing Liquidity and Unlocking Pathway for MSCI Index Inclusion

Abu Dhabi National Oil Company (ADNOC) today announced that it has successfully completed a placement to institutional investors of c.222 million shares in ADNOC Logistics & Services plc (“ADNOC L&S” or the “Company”), representing approximately 3% of the Company’s issued share capital. The Offering highlights ADNOC’s continued focus on driving long-term shareholder value and execution of its strategy to achieve MSCI index inclusion for its listed companies. The transaction improves the liquidity in ADNOC L&S’s shares by increasing its free float to c.22% and further diversifies the Company’s investor base. The offering is expected to pave the way for potential MSCI indexation, increasing international and domestic investor awareness of ADNOC L&S’s differentiated proposition as leader in global energy maritime logistics.

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Oct 11, 2024

ADNOC to Close Acquisition of Controlling Stake in Fertiglobe

Abu Dhabi National Oil Company P.J.S.C. (“ADNOC”) announced today that its acquisition of OCI’s 50% + 1 share stake in Fertiglobe, which was announced in December 2023, has received all required approvals and is expected to close on Tuesday, October 15, 2024.

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Sep 11, 2024

Khaled bin Mohamed bin Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.

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Sep 10, 2024

ADNOC Signs Heads of Agreement with IndianOil for Ruwais LNG Project

ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Indian Oil Corporation Ltd (IndianOil), India’s largest integrated and diversified energy company, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).

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Sep 04, 2024

Khaled bin Mohamed bin Zayed Witnesses Signing Ceremony for ADNOC and ExxonMobil to Partner in World’s Largest Low-Carbon Hydrogen Facility

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of an agreement today, in which ADNOC will acquire a 35% equity stake in ExxonMobil Corporation’s (NYSE: XOM) proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas.

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Aug 29, 2024

Fatima bint Mubarak Praises ADNOC’s Gender Initiatives on 10th Annual Emirati Women’s Day

Her Highness Sheikha Fatima bint Mubarak, the “Mother of the Nation,” Chairwoman of the General Women's Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), today highlighted how Emirati Women's Day is a profound reflection of the journey, achievements and successes of Emirati women.

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Aug 27, 2024

ADNOC Deploys Pioneering AI-Enabled Process Optimization Technology

ADNOC announced today the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology. Neuron 5 was developed by ADNOC and has been initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant across hundreds of pieces of equipment.

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Aug 20, 2024

ADNOC, PETRONAS and Storegga to Collaborate on Offshore Carbon Capture and Storage in Malaysia

PETRONAS, ADNOC and Storegga announced today the signing of a Joint Study and Development Agreement (JSDA) to evaluate the carbon dioxide (CO2) emissions storage capabilities of saline aquifers and the construction of carbon capture and storage (CCS) facilities in the Penyu basin, offshore Peninsular Malaysia.

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Aug 06, 2024

ADNOC Signs Long-Term Heads of Agreement with Osaka Gas for Ruwais LNG Project

ADNOC announced today the signing of a long-term Heads of Agreement (LNG agreement) with Osaka Gas, one of the largest utility companies in Japan, for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).

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Jul 30, 2024

ADNOC’s Offshore SARB Field Commences AI-Enabled Digital Operations

ADNOC announced today that its offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity through the implementation of industry-leading advanced digital technologies. The increase at SARB field, to a total of 140,000 barrels per day (bpd), supports ADNOC’s target to increase its production capacity to 5 million barrels of oil per day by 2027.

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Jul 18, 2024

ADNOC and Nafis to Create 13,500 New Private Sector Jobs Opportunities for UAE Nationals by 2028

ADNOC and the Emirati Talent Competitiveness Council (Nafis) have signed a strategic collaboration agreement to create 13,500 new private sector jobs for UAE Nationals in ADNOC’s supply chain by 2028. The agreement supports the UAE’s goal to create 100,000 private sector jobs for Emiratis over the next three years and will unlock high-skilled jobs in advanced sectors including artificial intelligence (AI), engineering and manufacturing.

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