ADNOC, Total Sign $1.45 B Agreement

• Sunday, 18th March 2018
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC), the state oil company of the UAE, has signed a deal worth $1.45 billion with the French Total SA, granting it two 40-year stakes in concessions offshore, according to the Nation...

ADNOC Raises $851M in 10% IPO of Distribution Unit

• Wednesday, 13th December 2017
• by Editorial Team

Abu Dhabi National Oil Company offered 1.25 billion shares in ADNOC Distribution on the Abu Dhabi Securities Exchange for the price of 2.5 AED today, Zawya reports. The shares represent a 10% stake in the company and ...

ADNOC Looks to Invest $109B

• Tuesday, 28th November 2017
• by Editorial Team

The Abu Dhabi National Oil Company plans to invest approximately $109 billion over the next five years to strengthen its market position, Reuters reports. The investments will be channeled toward natural gas productio...

ADNOC Looks to New Business Model, Oil Trading

• Tuesday, 21st November 2017
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) plans to enter the oil trading business, Reuters reports. The plan is part of an overall shift in business strategy under the company’s new CEO, Sultan El Jaber, to make the ...

ADNOC Announces Partial IPO of Retail Division

• Wednesday, 15th November 2017
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) officially announced the partial initial public offering (IPO) of its retail division, Bloomberg reports. The company plans to offer at least 10% of ADNOC Distribution on the Abu...

Abu Dhabi Signs Agreement to Increase Production from Upper Zakum

• Tuesday, 14th November 2017
• by Editorial Team

Abu Dhabi plans to increase the production capacity of its Upper Zakum oilfield to 1 million barrels per day (b/d) by 2024, Reuters reports. Abu Dhabi National Oil Company (ADNOC) Exxon Mobil, and Impex Corporation si...

ADIPEC Kicks Off Today

• Monday, 13th November 2017
• by Editorial Team

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) kicks off today in Abu Dhabi, Egypt Oil & Gas reports. The four-day conference is slated to hear from a number of industry leaders, such as ...

ADNOC Distribution IPO Still On for 2017

• Tuesday, 7th November 2017
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) is planning an initial public offering (IPO) in December for its retail operations, sources told Reuters. The company’s retail division, ADNOC Distribution, sells gasoline in the...

ADIPEC to Expand Networking Assistance

• Tuesday, 31st October 2017
• by Editorial Team

The Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) is looking to expand its Global Meetings Program to facilitate trade and business networking among attendees at this year’s event, Egypt Oil &...

ADNOC Ponders 10% Listing of Fuel Retail Business

• Sunday, 10th September 2017
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) is considering a public listing of more than 10% of ADNOC Distribution, Reuters reports. The listing could occur by early 2018. The company might also list additional businesses ...