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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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Oct 05, 2022

Maintaining investment in Oil and Gas Critical for Energy Security and Economic Progress

Energy security is essential for social, economic and climate progress and the responsibility of the energy industry in maintaining energy security has never been clearer, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC).

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Sep 23, 2022

ADNOC and TAQA Close Landmark Clean Energy and Decarbonization Transaction

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) announced today the successful financial closing of their $3.8 billion strategic project to power and significantly decarbonize ADNOC’s offshore production operations.

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Sep 14, 2022

ADNOC Refining to Complete First Phase of Waste Heat Recovery Project as ADNOC Accelerates Focus on Sustainability across its Operations

ADNOC Refining, a joint venture company between the Abu Dhabi National Oil Company (ADNOC), Eni, and OMV, is set to complete the first phase of its innovative Waste Heat Recovery project at the General Utilities Plant in Ruwais, Abu Dhabi.

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Sep 09, 2022

UAE President, VP Witness Signing of Landmark Gas Sales Agreement between ADNOC and DUSUP

President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP).

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Sep 05, 2022

ADNOC Announces $548 Million Contract for a New Main Gas Line at its Lower Zakum Field

Abu Dhabi National Oil Company (ADNOC) today announced, the award of a $548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day (MMSCFD), supporting ADNOC’s plans to enable gas self-sufficiency for the United Arab Emirates (UAE) and cater for increasing global energy demand.

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Sep 01, 2022

ADNOC Sends First Low-Carbon Ammonia Shipment from the UAE to Germany

Abu Dhabi National Oil Company (ADNOC) announced, today, that its first shipment of low-carbon ammonia has left the United Arab Emirates (UAE) bound for Hamburg, Germany. This is the first ever cargo of low-carbon ammonia to be shipped to Germany.

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Aug 31, 2022

ADNOC Awards $1.83 Billion Framework Agreements for Drilling-related Services

Abu Dhabi National Oil Company (ADNOC) announced today, the award of five framework agreements valued at $1.83 billion (AED6.72 billion) for Directional Drilling and Logging While Drilling (LWD) to support its efforts to expand production capacity of its low carbon oil and gas resources to help meet the world’s growing demand for energy.

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Aug 26, 2022

H.H. Sheikha Fatima bint Mubarak Praises the Achievements of Emirati Women in Enabling the UAE’s Progress and Development

Her Highness Sheikha Fatima bint Mubarak, 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, expressed her pride in the achievements of Emirati women and their contribution to the UAE’s progress and development, based on knowledge and sincere work. H.H. Sheikha Fatima bint Mubarak praised the contribution of Emirati women in achieving the vision of the UAE’s wise leadership and highlighted their keenness to actively participate in the public and private sectors.

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Aug 11, 2022

ADNOC Announces $1.17 Billion Contract for Jack-up Barges to Support Production Capacity Growth

Abu Dhabi National Oil Company (ADNOC) announced today a $1.17 billion (AED4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support the expansion of its crude oil production capacity to five million barrels per day (mmbpd) by 2030.

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Aug 04, 2022

ADNOC Drilling Awarded More Than $3.4 Billion in Contracts to Drive Offshore Production Capacity Growth

Abu Dhabi National Oil Company (ADNOC) announced today two contracts totalling more than $3.4 billion (AED12.6 billion) have been awarded to ADNOC Drilling to hire 8 jack-up offshore rigs. The contracts, valued at $1.5 billion (AED 5.6 billion) and $1.9 billion (AED 7 billion) respectively, awarded by ADNOC Offshore, will support the expansion of ADNOC’s crude oil production capacity to five million barrels per day (mmbpd) by 2030 and enable gas self-sufficiency for the UAE.

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