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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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Sep 28, 2023

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 25, 2023

ADNOC and TAQA Reach Financial Close on Sustainable Water Supply Project

ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have successfully completed the financial closing of their $2.2 billion (AED 8.3 billion) strategic project to provide sustainable water supply for ADNOC’s onshore operations.

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Sep 06, 2023

ADNOC to Invest in One of the Largest Integrated Carbon Capture Projects in MENA

ADNOC has announced a final investment decision (FID) to develop one of the largest carbon capture projects in the Middle East and North Africa (MENA) region. The pioneering Habshan carbon capture, utilization and storage (CCUS) project will have the capacity to capture and permanently store 1.5 million tonnes per annum (mtpa) of carbon dioxide (CO2) within geological formations deep underground.

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Aug 28, 2023

Fatima bint Mubarak Reaffirms the UAE Leadership’s Commitment to Empowering Women at ADNOC’s Emirati Women’s Day Event

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 that Emirati Women’s Day is an important event for the people of the UAE as it reflects the Leadership’s commitment to empowering and supporting women and appreciating their role as key partners in driving progress and development in the country.

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Aug 14, 2023

ADNOC and Tabreed Advance the First Project in the Region to Harness Geothermal Energy

ADNOC and the National Central Cooling Company PJSC (Tabreed), today announced a breakthrough in the first project in the gulf region to harness geothermal energy following the conclusion of testing on two geothermal wells at Masdar City in Abu Dhabi.

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Aug 04, 2023

ADNOC to Acquire 30% Equity Stake in Absheron Gas Field

Abu Dhabi National Oil Company (ADNOC), the State Oil Company of Azerbaijan (SOCAR) and TotalEnergies today announced a strategic transaction that will see ADNOC acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea. ADNOC’s investment into the Caspian region aims to create a substantial growth position as it enters the international gas market, and reinforces the energy partnership between the United Arab Emirates (UAE) and Azerbaijan. Financial details of the transaction are not being disclosed.

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Aug 01, 2023

ADNOC and Occidental to Evaluate Carbon Management Projects in the UAE and US to Accelerate Net Zero Goals

ADNOC and Occidental today announced they have signed a strategic collaboration agreement (SCA) to evaluate potential investment opportunities in carbon dioxide (CO2) capture and storage (CCS) hubs in the United Arab Emirates (UAE) and United States (US) with a view to develop a carbon management platform to accelerate the net zero goals of both companies.

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Jul 31, 2023

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 at ADNOC Headquarters.

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Jul 18, 2023

ADNOC to Launch First High-Speed Hydrogen Refueling Station in the Middle East

ADNOC, today announced that it has begun construction on the Middle East’s first high-speed hydrogen refueling station. The station, which is being built in Masdar City by ADNOC, will create clean hydrogen from water, using an electrolyser powered by clean grid electricity.

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Jul 15, 2023

ADNOC Statement on Potential Borouge-Borealis Merger

Abu Dhabi National Oil Company (ADNOC) P.J.S.C. (“ADNOC”) is excited to confirm that, following initial exploratory discussions, it has entered into formal negotiations with OMV AG (“OMV”), about the potential creation of a new combined petrochemicals holding entity, through the proposed merger of their respective existing shareholdings in Borouge plc (“Borouge”) and Borealis AG (“Borealis”).

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