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Latest Press Releases

ADNOC

ADNOC Announces Internal Transfers of Shareholdings in its Listed Companies to XRG

Abu Dhabi National Oil Company (ADNOC) P.J.S.C announced today that it will transfer its equity stakes in its listed companies to XRG P.J.S.C. (XRG), ADNOC’s wholly-owned international energy investment company. ADNOC will continue to retain control and ultimate ownership of the listed companies through its 100% shareholding of XRG and reaffirms its commitment to long-term value creation and capital discipline.

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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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ADNOC

ADNOC Successfully Completes c.AED 1.16 Billion Sale of ADNOC L&S Shares, Increasing Liquidity and Unlocking Pathway for MSCI Index Inclusion

Abu Dhabi National Oil Company (ADNOC) today announced that it has successfully completed a placement to institutional investors of c.222 million shares in ADNOC Logistics & Services plc (“ADNOC L&S” or the “Company”), representing approximately 3% of the Company’s issued share capital. The Offering highlights ADNOC’s continued focus on driving long-term shareholder value and execution of its strategy to achieve MSCI index inclusion for its listed companies. The transaction improves the liquidity in ADNOC L&S’s shares by increasing its free float to c.22% and further diversifies the Company’s investor base. The offering is expected to pave the way for potential MSCI indexation, increasing international and domestic investor awareness of ADNOC L&S’s differentiated proposition as leader in global energy maritime logistics.

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Nov 06, 2024

TA’ZIZ Announces over $2 Billion Awards for Key Infrastructure Projects

TA’ZIZ announced today engineering, procurement and construction (EPC) contracts valued at more than $2 billion (AED7.34 billion) for the development of essential site infrastructure to advance the TA’ZIZ chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Al Dhafra Region of the Emirate of Abu Dhabi.

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Nov 05, 2024

ADNOC and Masdar Collaborate with Microsoft to Drive AI Deployment and Low-Carbon Solutions

ADNOC and Abu Dhabi Future Energy Company (Masdar) announced today the signing of a Strategic Collaboration Agreement (SCA) with Microsoft on a range of artificial intelligence (AI) and low-carbon initiatives in the UAE and globally aimed at decarbonizing the energy system of today and enabling a sustainable energy system for the future. The announcement was made at ADIPEC which is currently taking place in Abu Dhabi.

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Nov 05, 2024

ADNOC and 44.01 to Scale Up Carbon-to-Rock Project Following Successful Pilot

ADNOC and 44.01 have announced plans to scale-up their carbon-to-rock project in the Emirate of Fujairah, following the successful completion of their pilot, in partnership with the Fujairah Natural Resources Corporation (FNRC) and Abu Dhabi Future Energy Company (Masdar). The announcement was made at ADIPEC, currently taking place in Abu Dhabi.

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Nov 05, 2024

ADNOC Awards $920 Million Contract to Extend AI-Powered Well Digitalization Program to Cover over 2,000 Wells

ADNOC announced today the award of an engineering, procurement and construction (EPC) contract to Jereh Oil & Gas Engineering Corporation, worth up to $920 million (AED3.38 billion), to install remote sensing and well operating equipment at its onshore Bab, Bu Hasa and Southeast fields, extending its AI-powered well digitalization program to cover the fields.

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Nov 04, 2024

Dr. Sultan Al Jaber Rallies Energy Industry to Lead the World to the Next Phase of Sustainable Socioeconomic Growth

In the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, and His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, rallied the energy industry to lead the world to the next phase of sustainable socioeconomic growth.

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Nov 04, 2024

Dr. Sultan Al Jaber Convenes Leaders in Energy, Technology, Climate and Investment to Forge Sustainable Technology-Energy Partnerships for AI's Rapid Expansion

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, today convened 80 global leaders from the energy, technology, climate, and investment sectors at a majlis to harness the opportunities of the AI-Energy-Climate Nexus.

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Nov 04, 2024

ADNOC and AIQ Developing First-of-a-Kind Agentic AI Solution for Global Energy Transformation

ADNOC and AIQ announced today at ADIPEC the launch of ENERGYai, the world’s first-of-its-kind custom-built agentic artificial intelligence (AI) solution for the global energy transformation.

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Oct 31, 2024

ADNOC, Masdar and Microsoft Release Powering Possible: AI and Energy for a Sustainable Future

ADNOC, Masdar and Microsoft have jointly published a new report titled “Powering Possible: AI and Energy for a Sustainable Future” exploring the transformative potential of artificial intelligence (AI) in driving the global energy sector towards a net zero future. The report highlights AI’s potential to optimize energy efficiency, manage complex energy systems, reduce greenhouse gas emissions, and innovate carbon-free energy solutions while addressing the growing energy demands of AI technology itself.

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Oct 17, 2024

ADNOC and AIQ Accelerate Deployment of Industry-First AR360 AI Solution

ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC reservoirs at Bab and Umm Shaif fields.

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Oct 15, 2024

Fertiglobe Becomes ADNOC’s Platform for Low-Carbon Ammonia Growth Globally

ADNOC today announced the completion of its acquisition of OCI Global’s 50% + 1 shareholding in Fertiglobe plc (ADX: FERTIGLB), increasing its share in the Company to 86.2%, with 13.8% remaining in free float on the Abu Dhabi Securities Exchange (“ADX”).

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