Abu Dhabi | Egypt Oil & Gas - Part 5
Mubadala to List 25% Cepsa Stake
Abu Dhabi’s investment company Mubadala plans to list 25% of Spanish oil company Cepsa, of which it owns 82.5%, in an initial public offering (IPO), Reuters reported. Sources close to the matter estimated Cespa’...
Japanese Jera Buys Abu Dhabi LNG
Japan’s Jera Co. announced it had signed memorandum of understanding (MoU) for a liquified natural gas (LNG) supply from the Abu Dhabi Gas Liquefaction Company Ltd (ADNOC LNG), Pipeline Oil and Gas Magazine reported. ...
Borouge Awards EPC Contract for UAE Ruwais Refinery
Borouge has awarded an engineering, procurement and construction (EPC) contract to a unit of Italy’s Maire Tecnimont for a fifth polypropylene plant in the Ruwais petrochemicals complex, Pipeline Oil and Gas Mag... ADNOC to Invest $50B in Downstream Operations
Abu Dhabi National Oil Company (ADNOC) announced on May 13 plans to invest almost $50 billion over five years to develop its downstream business, Reuters reported. ADNOC will add a third refinery at its Ruwais complex...
ADNOC, Austrian OMV Close $1.5B Offshore Deal
Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV, The National reported. The latest deal means that the company has awarded $8 billion wort...
ADNOC Launches Bidding for 6 Oil and Gas Blocks
Abu Dhabi National Oil Company (ADNOC) announced on April 10 the launch of the company’s first ever competitive exploration and production tender for six oil and gas blocks, Reuters reported. The four onshore bl...
CNCP Buys Stakes in Abu Dhabi Concessions for $1.18B
China National Petroleum Corporation (CNCP) has bought two 10% stakes in Abu Dhabi’s Umm Shaif and Lower Zakum offshore fields from the Abu Dhabi National Oil Company (ADNOC), The National reported. The 40-year ...
Petrofac Awarded $580 M Contract with GCC National Oil Company
UAE-based Petrofac announced the signing of a binding letter of intent for an engineering, procurement, and construction (EPC) contract with a Gulf Cooperation Council (GCC) national oil company worth $580 million, WA...
