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Latest Press Releases

Shaikh Mansoor

ADNOC Announces Industry-Leading Initiative to Drive Efficiencies in its Tendering Process

The Abu Dhabi National Oil Company (ADNOC) announced today, it has successfully implemented an innovative initiative to drive efficiencies in its tendering process. This program supports ADNOC’s ongoing efforts to enhance its approach to procurement and maximize value for ADNOC and its community of suppliers and service providers.

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Shaikh Mansoor

ADNOC Keen to Explore Potential of Hydrogen Market with India’s Public and Private Sectors

The Abu Dhabi National Oil Company (ADNOC) is keen to explore the Hydrogen market with India’s public and private sectors to support India’s growing demand for energy and need for cleaner fuels according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC.

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Shaikh Mansoor

ADNOC Logistics and Services Continues Strategic Expansion with Acquisition of Two Additional VLCCs

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), today announced the acquisition of two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.

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Mar 01, 2021

ADNOC L&S Expands Material Handling Services with Major Equipment Acquisition

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), today announced the acquisition of all of the UAE-based assets of Speedy Hire PLC (Speedy), the UK’s leading provider of tools and equipment hire for the oil & gas, construction, and industrial sectors.

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Mar 01, 2021

ADNOC Seeks Interested Partners for Large Scale Seawater Treatment and Transportation Project

The Abu Dhabi National Oil Company (ADNOC) announced today, the commencement of a competitive process to seek and select a developer or developer consortium to own an equity stake in a special purpose vehicle (SPV) to participate in the development of a large scale seawater treatment and transmission pipeline project in the Emirate of Abu Dhabi. The project will replace the current aquifer water injection systems used for maintaining reservoir pressure in all onshore oil fields in Abu Dhabi.

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Feb 25, 2021

ADNOC Logistics and Services Announces Strategic Fleet Expansion with Acquisition of 6 Very Large Crude Carriers

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), today announced the acquisition of six Very Large Crude Carriers (VLCCs). Two VLCCs have already been deployed into the company’s fleet. ADNOC L&S has placed an order for three newbuild vessels with options, which will be delivered in 2022 and 2023, and purchased one additional existing vessel that will be joining its fleet shortly. These vessels are the first crude carriers to join the ADNOC L&S fleet, adding a total cargo capacity of 12 million barrels.

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Feb 25, 2021

ADNOC Wins Industry Technology Award for its Panorama Digital Command Center

The Abu Dhabi National Oil Company (ADNOC) announced, today, it has been awarded the Offshore Technology Conference (OTC) 2021 Distinguished Achievement Award for Companies, Organizations and Institutions for its Panorama Digital Command Center (Panorama).

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Feb 24, 2021

ADNOC Prepares for Launch of ICE Futures Abu Dhabi (IFAD) and New ICE Murban Futures Contract

The Abu Dhabi National Oil Company (ADNOC) and Intercontinental Exchange (ICE) today announced an update on Murban Crude Oil futures. ICE Futures Abu Dhabi (IFAD) will begin trading ICE Murban Crude Oil Futures and a range of related cash settled derivatives against Brent and WTI, as well as inter-commodity spreads, on March 29, 2021. Murban futures will go to physical delivery two (2) months ahead and, as such, the first Murban futures contract to expire will be the June 2021 contract month, which will expire at the end of April 2021.

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Feb 23, 2021

Chief Technology Officers Discuss the Role of Technology at First ADNOC CTO Roundtable

Over 30 of the world’s leading oil, gas, and petrochemical Chief Technology Officers (CTOs) gathered virtually to discuss the role of technology and innovation in shaping the future of the oil and gas industry as it responds to disruptive forces and navigates the post-Covid recovery.

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Feb 22, 2021

ADNOC's Thamama Center Generates $1.1 Billion in Value Enabled by Advanced Technology & Digitalization

The Abu Dhabi National Oil Company (ADNOC) announced today, its Thamama Center of Excellence (Thamama) has generated $1.1 billion (AED 4.04 billion) in business value since its inception in 2017. The announcement was made at ADNOC’s Innovation Week which is taking place virtually from February 21-25.

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Feb 21, 2021

ADNOC Outlines Technology Leadership Ambition at First Innovation Week

The Abu Dhabi National Oil Company (ADNOC) today, outlined its technology leadership ambition to position the company at the forefront of innovation and advanced technologies, particularly artificial intelligence (AI) and digitalization, as it kicked off its first Innovation Week.

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Feb 16, 2021

ADNOC Captures More Value Through Product Diversification

The Abu Dhabi National Oil Company (ADNOC), announced today, that it has added White Spirit and Solvents to its refined products portfolio. This allows ADNOC to capture more value from Abu Dhabi’s natural resources, producing products that can be used by domestic industry to promote In-Country manufacturing, while also expanding its market reach internationally.

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Feb 10, 2021

ADNOC Awards Cosmo Offshore Exploration Block in Abu Dhabi’s Second Competitive Block Bid Round

The Abu Dhabi National Oil Company (ADNOC) announced today, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Abu Dhabi’s newly formed Supreme Council for Financial and Economic Affairs (SCFEA) and marks the first of such awards endorsed by the SCFEA.

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