ENI, ADNOC Refining Set Up New Trading JV

• Sunday, 4th August 2019
• by Editorial Team

Eni announced that it has acquired a 20% equity interest in ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), as part of a $3.24 billion strategic partnership agreement, according to a compan...

Singapore’s GIC to Invest $600 MM in ADNOC’s Pipelines

• Wednesday, 31st July 2019
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) announced that it has signed an investment agreement with Singapore’s sovereign wealth fund (GIC), Emirates News Agency (WAM) reported. Under the agreement, the Singaporean...

Al Yasat Petroleum Awards FEED Contract to NPCC, Petrofac

• Monday, 29th July 2019
• by Editorial Team

Al Yasat Petroleum Company has awarded a Front End Engineering Design (FEED) services contract to the National Petroleum Construction Company (NPCC) and its joint venture (JV) partner Petrofac for the Belbazem Block D...

UAE, Indonesia Agree Deals Worth $9.7 B

• Thursday, 25th July 2019
• by Editorial Team

Emirati and Indonesian companies signed agreements worth a total of $9.7 billion during a state visit by the Abu Dhabi Crown Prince Mohammed bin Zayed to Indonesia, Reuters reported. Mubadala and Indonesia’s Chandra A...

ADNOC Signs Cooperation Deal with PT Pertamina

• Wednesday, 24th July 2019
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) has signed a cooperation agreement with Indonesia’s PT Pertamina (Persero), Reuters reported. The comprehensive strategic framework (CSF) agreement was signed on the si...

ADNOC, CNOOC Sign Agreement During UAE-China Economic Forum

• Monday, 22nd July 2019
• by Editorial Team

Abu Dhabi National Oil Company (ADNOC) and China National Offshore Oil Corporation (CNOOC) have signed an agreement for collaboration in liquefied natural gas (LNG), as well as upstream and downstream sectors, Reuters...

ADNOC Plans New Regional Oil Benchmark

• Thursday, 18th July 2019
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) is planning an overhaul for its trading operations through the launch of a regional oil benchmark similar to Brent and the West Texas Intermediate (WTI), Reuters first report...

Mubadala Signs Farmout Agreement in Indonesia

• Wednesday, 17th July 2019
• by Editorial Team

Abu Dhabi Mubadala Petroleum has signed a farmout agreement with Premier Oil for a 20% participating interest in the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs) in Indonesia, according ...

Saudi Arabia to Build Solar Panel Factory

• Tuesday, 16th July 2019
• by Editorial Team

The Saudi Industrial Development Fund (SIDF) has signed an agreement with Masdar for the construction of a solar panels factory that will be the largest in the Arab world, Asharq Al-Awsat reported. The plant will be b...

ADNOC Hires Advisors for Pipeline Lease Deal

• Tuesday, 16th July 2019
• by Editorial Team

The Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho Financial Group to manage the lease of its natural gas pipeline assets, which are worth an estimated $12-15 billion, Reuter...