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Latest Press Releases

ADNOC

ADNOC to Redeem Exchangeable Bonds in ADNOC Distribution Upon Maturity in June 2024

Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on June 4, 2024. Fulfilling its financial obligations, ADNOC will pay up to $1.195 billion, along with up to $4.18 million in applicable interest.

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ADNOC Announces First Production from Belbazem Offshore Block

ADNOC announced today the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy.

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ADNOC Signs Second Long-Term Heads of Agreement for Ruwais LNG Project

ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).

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Jan 10, 2023

ADNOC’s New World-Scale Gas Processing, Operations and Marketing Company Established

ADNOC, a reliable and responsible provider of lower-carbon intensity energy, has announced the formation of ADNOC Gas, effective 1 January 2023, its new world-scale gas processing, operations and marketing company. The flagship company combines the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into one global and market-leading consolidated business.

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Jan 05, 2023

ADNOC Allocates 15 Billion to Low-Carbon Solutions

ADNOC, a reliable and responsible provider of lower-carbon intensity energy, today announced a bold new strategy to progress the world-scale decarbonization of its operations.

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Dec 21, 2022

ADNOC Acquires 24.9% Stake in OMV

Abu Dhabi, UAE – December 21, 2022: Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) today announced a transaction involving OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria. Under the agreement, ADNOC will acquire a 24.9% shareholding in OMV from Mubadala. Financial details of the transaction are not being disclosed.

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Dec 08, 2022

TAQA, ADNOC, and Mubadala Complete Landmark Transaction for Stake in Masdar Clean Energy Powerhouse

Abu Dhabi, UAE – 08 December 2022: Abu Dhabi National Energy Company (TAQA), Mubadala Investment Company (Mubadala) and Abu Dhabi National Oil Company (ADNOC) announced today the successful completion of the Masdar transaction, following which they will all become shareholders in Abu Dhabi Future Energy Company (Masdar) – Abu Dhabi’s flagship clean energy company.

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Dec 06, 2022

ADNOC Accelerates Delivery of Low Carbon Growth Strategy to Continue Responsibly Meeting Global Energy Needs

Abu Dhabi – December 6, 2022: Abu Dhabi National Oil Company (ADNOC) is accelerating operationalization 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 Al Kaabi has been appointed Executive Director of the new vertical.

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Dec 06, 2022

ADNOC Signs Food Catering Agreements Worth Over AED1 Billion with Four UAE Companies

Abu Dhabi – December 6, 2022: Abu Dhabi National Oil Company (ADNOC) has signed contracts worth over AED 1 billion with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027.

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Dec 05, 2022

UAE President and Malaysia’s King witness Signing of Middle East’s First Unconventional Oil Concession between ADNOC and PETRONAS

Abu Dhabi – December 5, 2022: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the King of Malaysia His Majesty Seri Paduka Baginda the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin AlMustafa Billah Shah Ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah have witnessed the signing of a historic concession agreement between Abu Dhabi National Oil Company (ADNOC) and PETRONAS for Abu Dhabi’s Unconventional Onshore Block. 1. The pioneering award to Malaysia’s national oil and gas company launches the Middle East’s first unconventional oil concession.

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Nov 28, 2022

UAE President Chairs ADNOC Board of Directors Meeting

Abu Dhabi, UAE – November 28, 2022: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, today presided over the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors, in his capacity as its Chairman.

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Nov 17, 2022

ADNOC Logistics & Services Successfully Closes Zakher Marine International Acquisition

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), announced today the successful closing of its acquisition of Zakher Marine International (ZMI), an Abu Dhabi-based owner and operator of offshore support vessels, with the world’s largest fleet of self-propelled jack-up barges. Financial details of the transaction are not being disclosed.

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Nov 03, 2022

ADNOC Refining Secures New International Partners Further Enabling the 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 in Al Ruways Industrial City, Abu Dhabi.

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