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.
Abu Dhabi National Oil Company (ADNOC) has agreed the sale of two stakes in offshore blocks worth $1.5 billion to Austrian OMV.
Abu Dhabi National Oil Co. (ADNOC) plans to spend more than $109 billion over the next five years, and is in talks with Saudi Aramco for possible downstream joint ventures abroad, with a focus on Asia.
Abu Dhabi National Oil Company (ADNOC) announced on April 10 the launch the company's first ever competitive exploration and production tender for six oil and gas blocks.
Abu Dhabi National Oil Company (ADNOC) awarded two major contracts worth more than $3.5 billion to Korean Samsung Engineering through ADNOC Refining.
China National Petroleum Corporation has bought two stakes in Abu Dhabi's offshore fields worth $1.18 billion from the Abu Dhabi National Oil Company.
Total recently won a deal with ADNOC for two stakes in Umm Shaif and Lower Zakum respectively worth a total of $1.45 billion.
Total now holds 20% of the Umm Shaif and Nasr concession and 5% of the Lower Zakum concession, together worth an approximate $1.45 billion.
The Abu Dhabi National Oil Company has granted Eni two stakes in the UAE’s offshore concession areas in a $875 million, 40-year deal.
Abu Dhabi National Oil Company (ADNOC) will offer new oil and gas blocks for bidding to help the country hit new untapped resources, announced ADNOC CEO, Sultan al-Jaber, during CERAWeek in Houston, US.
Abu Dhabi National Oil Company (ADNOC) has awarded Japan’s Inpex 10% stakes in its Lower Zakum oil field for $600 million, offshore UAE.