ADNOC has announced an investment of nearly $1billion to extend the life of the Umm Shaif oil field which started up 60 years ago. The first oil field to be discovered in waters off Abu Dhabi, […]
by Nermina Kulovic ADNOC Logistics & Services (ADNOC L&S), a shipping and maritime logistics arm of ADNOC, has acquired two additional Very Large Crude Carriers (VLCC). Less than two months ago, ADNOC acquired six VLCCs, adding a […]
An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion. Mubadala Investment Co., a fund […]
Abu Dhabi National Oil Company (ADNOC) is considering listing its drilling business on the local stock market, according to three sources familiar with the matter. The state oil giant says its drilling company is the largest […]
The use of an executive committee is usually to expedite decision making and maintain oversight over the day to day management on a regular basis. In Adnoc’s case, the formation of the board and committee […]
ADNOC Group has merged its downstream unit with its trading arm, creating the Downstream Industry, Marketing & Trading Directorate. When revealing the news, ADNOC said that the new unit would be “a critical enabler of […]
Three of Abu Dhabi’s biggest state-owned companies — Adnoc, Mubadala Investment and Abu Dhabi Development Holding (ADQ) — have signed an agreement to establish the ‘Abu Dhabi Hydrogen Alliance’ to develop low-carbon hydrogen fuel in […]
Saudi Aramco is lining up a loan of about $7.5 billion for potential investors in its oil pipelines, according to people familiar with the matter. The world’s biggest oil producer has begun talks with lenders to […]
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