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Latest Press Releases

ADNOC

ADNOC Announces Final Investment Decision for the SARB Deep Gas Development

ADNOC today announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project within the Ghasha Concession located offshore of Abu Dhabi.

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ADNOC Secures $2 Billion K-SURE Backed Green Financing, Expanding Total Green Funding to $5 Billion in 18 months

ADNOC has signed a $2 billion (AED 7.34 billion) green financing agreement backed by Korea Trade Insurance Corporation (K-SURE) to fund lower carbon projects across its operations. The deal reinforces ADNOC’s ambition to integrate sustainable finance into its growth plans. The agreement was announced during the visit of His Excellency Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO to South Korea, where he met with Mr. Youngjin Jang, President and Chairman of K-SURE.

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ADNOC Secures Landmark Structured Financing of up to $11 Billion for Hail and Ghasha Gas Development

Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”), in partnership with Eni S.p.A. (“Eni”) and PTT Exploration and Production Public Company Limited (“PTTEP”), today announced the successful signing of a landmark structured financing transaction of up to $11 billion (AED 40.4 billion), to monetize Hail and Ghasha’s midstream future gas production.

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Dec 16, 2024

ADNOC Signs 15-Year, 0.6 mtpa Sales and Purchase Agreement with EnBW for Ruwais LNG Project

ADNOC announced today it has signed a third Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, with Germany’s EnBW Energie Baden-Württemberg AG (EnBW), one of the largest operators of energy infrastructure in Germany and across Europe. The 15-year SPA for supplying 0.6 million tonnes per annum (mtpa) of LNG converts a previous Heads of Agreement between ADNOC and EnBW into a definitive agreement.

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Dec 06, 2024

ADNOC Partners with Local and Federal Entities to Boost Local Manufacturing Capabilities

ADNOC has signed a Strategic Collaboration Agreement (SCA) with the Ministry of Industry and Advanced Technology (MoIAT), Abu Dhabi Department of Economic Development (ADDED), Abu Dhabi Investment Office (ADIO), and Abu Dhabi Chamber of Commerce and Industry (ADDCI), aimed at boosting local manufacturing capabilities.

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Dec 05, 2024

ADNOC Signs 15-Year, 1 mtpa Sales and Purchase Agreement with PETRONAS for Ruwais LNG Project

ADNOC announced today it has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s PETRONAS. The 15-year SPA for supplying 1 million tonnes per annum (mtpa) of LNG converts a previous Heads of Agreement between ADNOC and PETRONAS into a definitive agreement.

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Nov 27, 2024

UAE President Chairs ADNOC Board of Directors Meeting

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors.

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Nov 27, 2024

ADNOC LAUNCHES XRG: AN $80+ BILLION LOWER-CARBON ENERGY AND CHEMICALS INVESTMENT POWERHOUSE

Following the Board’s strategic endorsement, ADNOC today announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion.

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Nov 25, 2024

ADNOC Statement on Recent Media Reports

Abu Dhabi National Oil Company (ADNOC) PJSC (“ADNOC”), the current majority shareholder of 90% of the ordinary shares in ADNOC Gas plc (“ADNOC Gas” or the “Company”) (ADX Symbol: ADNOCGAS / ISIN: AEE01195A234), notes recent media reports about a potential capital market transaction involving ADNOC Gas.

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Nov 14, 2024

The UAE’s First Energy Commodities Trading Academy Announces Fourth Cohort

ADNOC announced today the fourth cohort of its prestigious Trading Academy, which prepares ADNOC’s UAE National talent for roles in the company’s world-class trading operations, ADNOC Global Trading (AGT) and ADNOC Trading (AT).

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Nov 07, 2024

ADNOC Awards AED720 Million Contracts for Manufacturing in the UAE

ADNOC today announced the award of contracts valued at AED720 million ($196.2 million) for local manufacturing of a wide range of products across its value chain. The announcement was made at ADNOC’s Business Partnership Forum which was held on the sidelines of ADIPEC

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Nov 06, 2024

ADNOC Awards $490 Million Contract to Expand World’s Largest 3D Seismic Survey

ADNOC announced today the award of a contract to BGP Inc., a subsidiary of China National Petroleum Company (CNPC), worth up to $490 million (AED1.79 billion), to expand the scope of the world’s largest combined three-dimensional (3D) onshore and offshore seismic survey currently underway in the Emirate of Abu Dhabi. The contract will focus on identifying additional oil and gas resources in ADNOC’s producing onshore fields.

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Nov 06, 2024

ADNOC Secures 15-Year, 1 mtpa Sales and Purchase Agreement for Ruwais LNG Project

ADNOC announced today at ADIPEC the signing of the first long-term sales and purchase Agreement (SPA) for the lower-carbon Ruwais liquefied natural gas (LNG) project, which is currently under development in Al Ruwais Industrial City, Abu Dhabi. The SPA converts the previous Heads of Agreement between ADNOC and SEFE announced in March into a definitive agreement.

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