78 articles
ADNOC signed letters of intent with German firms RWE and SEFE for long-term LNG supplies starting in 2030, contributing to a broader investment package exceeding €5 billion in the German energy sector
Thai state-owned oil firm PTT confirmed discussions with potential foreign partners for refining stakes, noting no final deals despite ADNOC negotiation reports. Strategic goals include enhancing comp
RWE signed agreements with UAE firms Masda and ADNOC for €3 billion offshore wind investments and future LNG supplies starting early 2030s, strengthening trade ties amid geopolitical uncertainty.
Asian equities trend lower amid rising oil prices and inflation fears, while copper reaches record highs. Corporate updates include Novo Nordisk halting heart disease trials and ADNOc exploring refini
Adnoc is negotiating stakes in Thailand’s PTT and Nigeria’s Dangote refineries to secure crude buyers and expand fuel trading. This strategic shift aims to bolster the UAE company’s downstream presenc
ADNOC spent $2.7 billion on vessels this year, adding two new LNG carriers to support expanding energy exports amid geopolitical tensions and OPEC withdrawal plans. The company now operates 24 LNG car
The UAE confirmed intercepting two Iranian missiles as regional war escalates. Tensions threaten global energy security, impacting oil and LNG transit through the strategically vital Strait of Hormuz
Middle Eastern producers are covertly shuttling crude through the Strait of Hormuz despite regional conflict, maintaining global oil supplies and stabilizing prices around $80-$90 per barrel. Major pl
ADNOC confirmed a vessel was attacked in the Strait of Hormuz, the third such incident in a week with no injuries. The event disrupts shipping through a critical waterway carrying one-fifth of global
Italian Maire Group secured a $4.3 billion EPC contract from ADNOC to expand natural gas condensate production in Abu Dhabi, targeting an annual capacity of 8 million tons by 2030.
The UAE accused Iran of attacking two ADNOC vessels in the Strait of Hormuz with no injuries reported, marking the second incident in a week that threatens regional stability and global energy securit
ADNOC is shuttling Iraqi crude exports through the Strait of Hormuz to bypass regional tensions, helping boost monthly exports to 2 million barrels. Iraqi officials note deep discounts on Basrah Mediu
Satellite data revealed 12 tankers conducting cargo transfers outside the Strait of Hormuz, maintaining global oil supply amid regional attacks. This activity supports energy markets and boosted ADNOC
Iran issued new demands to reopen the Strait of Hormuz contingent on US policy changes, while UAE's ADNOC confirmed an Iranian missile attack on one of its vessels, raising concerns over global oil an
The UAE condemned an alleged Iranian missile strike on an ADNOC tanker in the Strait of Hormuz, raising security concerns for global oil and LNG transit routes following recent conflicts.
The UAE has maintained significant crude exports through the Strait of Hormuz using shuttle runs and pipelines, stabilizing global supply amid regional tensions. Adnoc's strategy helped limit market l
ADNOC will switch its crude pricing mechanism from Murban futures to Platts Dubai benchmarks starting November 1. Consequently, traders are winding down positions on the ICE Futures Abu Dhabi exchange
ADNOC announced it will switch its crude oil pricing benchmark from Murban futures to the regional Dubai marker effective November 1st. This move aims to enhance transparency and stability amid geopol
ADNOC purchased five VLCCs for $590 million to expand its fleet amid Red Sea and Hormuz crises reshaping oil trade. The acquisition aims to secure supply chains and maintain crude exports despite geop
ADNOC sold over 12 million barrels of spot crude to Asian refiners at premiums following supply disruptions from U.S.-Iran hostilities. Major buyers included Indian Oil and Chinese majors, marking the
ADNOC secured a $6.2 billion final investment decision for the Umm Shaif Gas Cap project with international partners. Production targets 600 million cubic feet daily by 2030 to boost UAE gas supply an
UAE's ADNOC signed a long-term energy security partnership with South Korea to boost crude supply stability and strategic storage cooperation, addressing regional geopolitical risks.
Major energy firms like Eni, TotalEnergies, and ADNOC are forming joint ventures to expand trading and logistics. This trend integrates upstream assets with trading expertise, reshaping the global ene
South Korea and ADNOC signed a strategic agreement to secure crude oil supplies and establish a joint emergency response framework. The deal also covers expanding AI in refining and securing contracts
ADNOC launched a global LNG marketing and trading platform on ADGM, integrating gas and trading capabilities to enhance flexibility. The company targets 47 million tons of annual sales capacity by 203
UAE state oil giant ADNOC launched a unified LNG marketing and trading platform integrating ADNOC Gas, XRG, and ADNOC Trading. The platform targets 47 million metric tons annually by 2035 to optimize
Sinokor Group leased supertankers to UAE's Adnoc for covert shuttle runs through the Strait of Hormuz during the Iran conflict, transporting up to 1.4 million barrels daily. These operations influence
ADNOC plans to shift pricing for three crude grades from Murban futures to Dubai benchmark differentials, affecting long-term contracts, while flagship Murban crude retains its current mechanism.
ADNOC proposes adjusting crude pricing methodologies to align with regional norms, shifting from Murban futures to Dubai benchmark differentials. The move supports production ramp-up following the UAE
BP has secured a 10% stake in the Bab Gas Cap project in the UAE alongside ADNOC and partners, with an expected production capacity of 1.5 billion cubic feet of natural gas per day.
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