ADNOC | Egypt Oil & Gas - Part 3

ADNOC | Egypt Oil & Gas - Part 3

ADNOC Utilizes Dark Shipping Tactics to Bypass Hormuz Blockade

The Abu Dhabi National Oil Co. (ADNOC) exported at least 6 million barrels (mmbbl) of crude oil through the Strait of Hormuz in April, using dark shipping tactics to evade Iranian attacks, according to Reuters.  T ...

Badawi Inspects Valaris DS-12 as bp,Arcius Launch New Mediterranean Drilling Campaign

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling vessel, which has recently entered Egypt's territorial waters to begin a five-well natural gas exploration program in ...

ARCIUS Energy, bp Start Offshore Gas Drilling in Mediterranean

ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells.

ADNOC, TAQA Sign 27-Year Utilities Supply Deal

ADNOC and Abu Dhabi National Energy Company (TAQA) have signed a 27-year Utilities Purchase Agreement (UPA) to provide critical infrastructure and services to the TA’ZIZ Industrial Chemicals Zone in Ruwais Industr ...

XRG Expands US Footprint with Stake in Rio Grande LNG

XRG, ADNOC’s global investment subsidiary, has announced an agreement to acquire a 7.6% equity interest in Trains 4 and 5 of the Rio Grande LNG project in Texas from an acquisition vehicle owned by Global Infrastr ...

ADNOC approves FID for SARB Deep Gas project in Ghasha Concession

Abu Dhabi National Oil Company (ADNOC) has reached a final investment decision (FID) for the SARB Deep Gas development, a strategic offshore project within the Ghasha Concession aimed at expanding the UAE’s natura ...

ADNOC Secures $2Bn S.Korean Financing to Fund Sustainable Projects

Abu Dhabi National Oil Company (ADNOC) has signed a $2 billion (AED 7.34 billion) green financing agreement backed by the Korea Trade Insurance Corporation (K-SURE) to support the development of lower-carbon proje ...

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 ...

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