ADNOC | Egypt Oil & Gas

ADNOC Fully Redeems Exchangeable Bonds in ADNOC Distribution

ADNOC has said that it has redeemed in full its US dollar-denominated senior unsecured bonds (Exchangeable Bonds) in ADNOC Distribution, maintaining a stable shareholding level in ADNOC Distribution following matu ...

bp to Invest $1.5B in Egypt

bp is gearing up to invest around $1.5 billion in Egypt, to develop gas projects and drilling over the upcoming three to four years, Reuters reported.

El Molla Participates in EGYPES 2024 Energy Transition, Decarbonization Panel Discussion

Minister of Petroleum and Mineral Resources Tarek El Molla has stated that a successful energy transition and the expansion of renewable energies require the provision of adequate funds, real commitment, and new t ...

ADNOC, bp Forge Joint Venture to Advance Gas Asset Development in Egypt

ADNOC and bp have just announced that they have agreed to form a new joint venture (JV) for developing natural gas facilities in Egypt.

El Molla Inaugurates Egypt’s First ADNOC Fueling Stations

Minister of Petroleum and Mineral Resources Tarek El Molla accompanied by Khaled Abdel Aal, Governor of Cairo, and Ambassador Mariam Al Kaabi, UAE Ambassador to Cairo, inaugurated the first car service and fueling ...

ADNOC, Occidental Sign SCA to Explore Investment Opportunities in CCS

ADNOC and Occidental announced that they have inked a strategic collaboration agreement (SCA) to evaluate potential investment opportunities in carbon dioxide (CO2) capture and storage (CCS) hubs in UAE and US lo ...

ADNOC to Accelerate its Zero Carbon Plan

Al Nahyan approved the company’s accelerated decarbonization plan, which aims to bring forward ADNOC’s net zero target to 2045, from the previously planned 2050 target. The company is set to reach zero methane emi ...

ADNOC Logistics and Services IPO Increases in Size

ADNOC announces to use its right as a Selling Shareholder to increase the number of ordinary shares offered in the initial public offering “IPO” of ADNOC Logistics & Services to 1,405,714,765 ordinary shares, whic ...

bp, ADNOC Announce Bid for Interest in NewMed Energy

bp and ADNOC made a non-binding offer to take NewMed Energy private through an acquisition of the free float and a partial acquisition of Delek’s stake, through this transaction bp and ADNOC will hold 50% of NewMe ...

ADNOC Gas Shares Jump by 18% over IPO Price

ADNOC Gas's stakes have jumped to 2.8 dirhams ($0.7625), compared to 2.37 dirhams at its initial public offering (IPO), Reuters reported.

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