ADNOC | Egypt Oil & Gas

ADNOC–Covestro Deal Gets Final Green Light in Germany

The Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion ...

EU Approves ADNOC’s €14.7 Bn Covestro Takeover

The European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reporte ...

ADNOC, SLB Launch AI Platform to Optimize Production, Reduce Downtime

ADNOC and SLB launched the AI-powered AiPSO platform at ADIPEC 2025 to optimize production and resolve field issues in minutes. The company plans to expand the AI solution to all onshore and offshore fields by 202 ...

KKR Acquires Minority Stake in ADNOC Gas Pipeline Assets

KKR, a leading global investment firm, has acquired a minority stake in ADNOC Gas Pipeline Assets LLC, deepening its partnership with the Abu Dhabi National Oil Company (ADNOC) and reinforcing its growth strategy ...

ADNOC to Provide IndianOil with LNG from Ruwais Project

ADNOC inked a 15-year Sales and Purchase Agreement (SPA) agreement with the Indian Oil Corporation Ltd (IndianOil), India’s leading integrated energy player, to deliver 1 million tons of liquefied natural gas (LNG ...

ADNOC-Led Consortium Gets More Time on $18.7bn Santos Bid

Australia's second-largest independent gas producer Santos has agreed to extend the exclusivity period for a $18.7 billion takeover bid from a consortium led by Abu Dhabi National Oil Company (ADNOC), according to ...

ADNOC to Reassign its ownership in OMV to XRG.

ADNOC plans to allocate its ownership stake of  24.9% in OMV AG (OMV) to XRG P.J.S.C. (XRG), its fully owned international investment arm. This planned transfer is pending regulatory approvals.It is expected to su ...

XRG-Led Consortium Proposes $19B Acquisition of Santos Energy

A consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu Dhabi Development Holding Company), and global investment firm Carlyle, ...

Egypt’s Modern Gas Completes Major Project in UAE

Modern Gas, an Egytian joint stock company with operations in both Saudi Arabia and the United Arab Emirates (UAE), announced the successful completion and operation of its integrated natural gas project in Al Jub ...

ADNOC Gas’ Net Income Grows 7% YoY in Q1 2025

ADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by ...

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