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Latest Press Releases

ADNOC, G42 and Presight Partner to Accelerate AI Solutions for the Energy Sector

ADNOC, G42 and Presight AI Holding PLC (‘Presight’), an ADX publicly listed company, today announced a new shareholding structure for AIQ. Under the agreement, Artificial Intelligence (AI) and Big Data Analytics leader Presight will acquire a 51% stake in AIQ with ADNOC retaining a 49% shareholding (previously G42 40%, ADNOC 60%). AIQ will continue as a standalone company, leveraging data to deliver transformational AI-powered solutions to the energy sector. The transaction is subject to Presight’s shareholder and regulatory approval.

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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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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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Jan 25, 2024

ADNOC Executive Leadership Join First Rail Journey between Abu Dhabi City and Al Dhannah City

ADNOC today announced His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of ADNOC, and members of ADNOC’s executive leadership team, joined Etihad Rail’s first rail journey that connects the cities of Abu Dhabi and Al Dhannah. Once operational, the rail service, which is currently under development, will enable ADNOC’s staff and contractors to travel between the two destinations.

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Jan 22, 2024

UAE President Chairs ADNOC Board of Directors Meeting

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors in his capacity as its Chairman.

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Jan 08, 2024

ADNOC Makes Strategic Investment in Storegga, Broadening its Carbon Management Portfolio

ADNOC today announced it has taken a 10.1% equity stake in Storegga to become a lead investor in the UK-based company that focuses on the development of global carbon capture and storage (CCS) projects.

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Dec 20, 2023

ADNOC Signs First Long-Term LNG Heads of Agreement from Ruwais Low-Carbon LNG Project

ADNOC announced today, the signing of a 15-year Heads of Agreement (“LNG agreement”) with ENN LNG (Singapore) Pte. Ltd. (“ENN LNG”), a wholly-owned subsidiary of ENN Natural Gas Co. Ltd. (“ENN Natural Gas”), for the delivery of at least 1 million metric tons per annum (mmtpa) of liquefied natural gas (LNG).

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Dec 15, 2023

ADNOC to Acquire OCI’s Stake in Fertiglobe

Abu Dhabi National Oil Company P.J.S.C. (“ADNOC”) and OCI Global (Euronext: OCI) (“OCI”), today announced that they have entered into a sale and purchase agreement (the “SPA” or the “Agreement”) for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc (ADX: FERTIGLB) (“Fertiglobe"). Fertiglobe is listed on the Abu Dhabi Securities Exchange (“ADX”) and is the world’s largest seaborne exporter of urea and ammonia combined, the largest nitrogen fertilizer producer in the Middle East & North Africa, and an early mover in sustainable ammonia, with production facilities in Egypt, Algeria and the UAE.

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Dec 08, 2023

ADNOC and Mitsubishi Heavy Industries to Explore Opportunities to Develop Global Low Carbon Ammonia and Hydrogen Markets

ADNOC and Mitsubishi Heavy Industries, Ltd. (MHI) announced, today, the signing of a strategic collaboration agreement (SCA) to explore potential opportunities to build low carbon energy supply chains and advance carbon neutral solutions to accelerate decarbonization across the energy sector.

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Dec 08, 2023

ADNOC Awards $1 Million Piloting Opportunity to Revterra in Decarbonization Technology Challenge Final

ADNOC has awarded a million-dollar (AED3.67 million) piloting opportunity to Revterra, a Houston-based producer of novel batteries made from recycled steel. The award follows a global competition by ADNOC, in collaboration with AWS, bp, Hub71, and the Net Zero Technology Centre, to find emerging climate tech innovations ready for scale.

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Dec 05, 2023

ADNOC and SOCAR to Collaborate on Hydrogen, Carbon Management and Geothermal Technologies

ADNOC and the State Oil Company of Azerbaijan Republic (SOCAR) announced, today, the signing of a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low carbon energy technologies. The SCA follows both ADNOC and SOCAR becoming founding signatories of the Oil and Gas Decarbonization Charter, signed at COP28, that sets shared targets to eliminate routine flaring and zero out methane emissions by 2030 and achieve net zero by 2050.

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Dec 04, 2023

ADNOC and Tabreed Commence Operations at Region’s First Geothermal Cooling Plant in Masdar City

ADNOC and the National Central Cooling Company PJSC (Tabreed), today announced the start of operations at G2COOL, the first district cooling project in the gulf region to harness geothermal energy. The landmark plant will further decarbonize the way buildings are cooled in Masdar City while diversifying the UAE’s energy mix in support of the UAE National Energy Strategy 2050.

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