UAE | Egypt Oil & Gas - Part 32
ADNOC Grants Eni Stakes in UAE Offshore Fields
The Abu Dhabi National Oil Company (ADNOC) has granted Eni two stakes in the UAE’s offshore concession areas in a $875 million, 40-year deal, the National reported. The Italian oil company won the 10% share in the Nas...
Adnoc Offers Blocks for Bidding, Moves Toward Downstream
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, Platts reporte...
ADNOC Awards Oil Field Stakes to Inpex
Abu Dhabi National Oil Company (ADNOC) awards Japan’s Inpex 10% stakes in its Lower Zakum oil field for $600 million, offshore UAE, Bloomberg reported. The shares were awarded by the Supreme Petroleum Council of the E... ADNOC Grants Part of Offshore Concessions to CEPSA
Abu Dhabi National Oil Company (ADNOC) has granted part of its offshore concessions to Cia Espanola de Petroleos SA (CEPSA) for $1.5 billion, Bloomberg has reported. The Spanish producer and refiner will now become AD... UAE Committed to Oil OPEC Cut Deal
UAE intends to continue following the efforts of Saudi Arabia, which are aimed to stabilize the oil markets, said Suhail Al Mazrouei, UAE’s Minister of Energy and Industry, according to Gulf News. Al Mazrouei, w...
ADNOC Awards Two Offshore Gas Contracts
The Abu Dhabi National Oil Company (ADNOC) awarded two Front End Engineering Design (FEED) contracts for its offshore mega natural gas planned project, located in the Hail, Ghasha, and Dalma fields in the United Arab ... ADNOC Raises $851M in 10% IPO of Distribution Unit
Abu Dhabi National Oil Company offered 1.25 billion shares in ADNOC Distribution on the Abu Dhabi Securities Exchange for the price of 2.5 AED today, Zawya reports. The shares represent a 10% stake in the company and ...
ADNOC Considers New Pricing Mechanism
The Abu Dhabi National Oil Company (ADNOC) is considering changes to its pricing mechanism, Reuters reports. It recently asked for feedback from its Asian customers on whether it should abandon its retroactive pricing...
