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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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Apr 18, 2024

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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Mar 27, 2024

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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Mar 18, 2024

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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Mar 12, 2024

ADNOC Issues Early EPC Award for Ruwais LNG Project

ADNOC announced today that it has issued a Limited Notice to Proceed (LNTP) for early engineering, procurement and construction (EPC) activities to a joint venture, led by Technip Energies, with JGC Corporation and National Petroleum Construction Company PJSC for its low-carbon liquefied natural gas (LNG) project in Al Ruwais Industrial City, Abu Dhabi.

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Mar 11, 2024

ADNOC Technical Academy Opens New Campus in Al Dhannah City

ADNOC Technical Academy (ATA) has inaugurated its new campus in Al Dhannah city. The new campus reinforces ADNOC’s commitment to developing and upskilling UAE National talent, enabling future leaders to play a vital role in future-proofing the company and contributing to the nation’s economic development.

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Mar 05, 2024

$500 Million in Value Generated by ADNOC through Deployment of AI Solutions in 2023

ADNOC announced today that it generated $500 million (AED1.84 billion) in value by deploying artificial intelligence (AI) solutions in 2023.

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Feb 29, 2024

ADNOC Closes Acquisition of 24.9% Stake in OMV

ADNOC announced today that it has formally closed the acquisition of a 24.9% shareholding in OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria, from Mubadala Investment Company (Mubadala). The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and growth-oriented investor. Financial details were not disclosed.

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Feb 14, 2024

ADNOC and bp to Form Gas Joint Venture

ADNOC and bp today announce that they have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio.

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Feb 12, 2024

ADNOC wins Sheikh Hamdan bin Zayed Environmental Award

ADNOC has won the Sheikh Hamdan Bin Zayed Environmental Award in the “Environmental Performance” category, which recognizes outstanding initiatives supporting the UAE’s attainment of the UN’s sustainable development goals for 2030.

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Jan 26, 2024

ADNOC Holds 2024 Executive Leadership Offsite in Al Dhannah City

ADNOC’s executive leadership, chaired by His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, convened in Al Dhannah City to discuss key priorities and strategic projects as the company grows its diversified portfolio to ensure a secure, reliable and responsible supply of energy to support a just, orderly and equitable global energy transition.

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