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Category: ADNOC

  • ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals

    ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG)…

  • ADNOC’s XRG steps up its US LNG game with additional stake in Texas’ $31.8 billion project

    ADNOC’s XRG steps up its US LNG game with additional stake in Texas’ $31.8 billion project XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has augmented its interest in a liquefied natural gas (LNG) export project in Texas, United States…

  • McDermott takes on EPCI job at ADNOC’s oil expansion project

    McDermott takes on EPCI job at ADNOC’s oil expansion project McDermott has landed a major assignment, worth between $750 million and $1 billion, for an expansion project designed to boost offshore oil production at a development operated by the United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC). The post McDermott takes on…

  • ADNOC rakes in $3 billion for LNG offtake deal with Indian player

    ADNOC rakes in $3 billion for LNG offtake deal with Indian player ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has signed off on a multi-year liquefied natural gas (LNG) agreement with India’s Hindustan Petroleum Corporation Limited (HPCL). The post ADNOC rakes in $3 billion for LNG offtake deal with…

  • ADNOC casts the die for gas project as FID seals path to development

    ADNOC casts the die for gas project as FID seals path to development The UAE’s energy heavyweight Abu Dhabi National Oil Company (ADNOC) has put the pen to paper for its ambition to boost its natural gas arsenal by propelling a gas project off the coast of Abu Dhabi, UEA, into execution phase with a…

  • 2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition

    2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth…

  • $4 billion deal in hand as ADNOC scores 20-year gas supply assignment

    $4 billion deal in hand as ADNOC scores 20-year gas supply assignment ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), has secured a multimillion-dollar natural gas supply agreement with EMSTEEL, an integrated steel and building materials manufacturer, to power the United Arab Emirates’ industrial growth. The post $4 billion deal…

  • BP-ADNOC JV secures exploration rights for gas field off Egypt

    BP-ADNOC JV secures exploration rights for gas field off Egypt Arcius Energy, an affiliate of the UK’s BP and the UAE’s ADNOC, has signed a deal with several partners enabling it to get exploration rights in a concession offshore Egypt. The post BP-ADNOC JV secures exploration rights for gas field off Egypt appeared first on…

  • ADNOC eyes coming aboard $50 billion LNG project with Eni and YPF in South America

    ADNOC eyes coming aboard $50 billion LNG project with Eni and YPF in South America Thanks to a deal with Italy’s energy giant Eni and Argentina’s oil and gas firm YPF, XRG, a subsidiary of the UAE-headquartered Abu Dhabi National Oil Company (ADNOC), has taken a non-binding step to join a proposed liquefied natural gas…

  • Shell lines up 15-year offtake from ADNOC’s mega LNG project

    Shell lines up 15-year offtake from ADNOC’s mega LNG project Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (UAE).…

  • $19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos

    $19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos. The post…

  • $19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue

    $19 billion Santos takeover in limbo: Four-week deadline extension looms as talks continue Santos is facing a multi-week extension of the deadline for the negotiations surrounding an $18.7 billion non-binding indicative offer made by a consortium spearheaded by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company…

  • Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal

    Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security. The post Germany’s SEFE and UAE’s ADNOC Gas strengthen energy…

  • First jacket comes to slide into place at huge offshore gas project

    First jacket comes to slide into place at huge offshore gas project ADNOC has tucked a new construction milestone under its belt with the load-out and transport of the first jacket for its multibillion-dollar giant sour gas development, which aims to become the world’s first project to operate with net-zero emissions. The post First jacket…

  • $19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks

    $19 billion takeover bid takes step forward: Santos and ADNOC-led firm embark on talks With a six-week exclusive due diligence period in effect, Australia’s energy player Santos has kicked off negotiations concerning an $18.7 billion non-binding indicative offer for all its shares with a consortium led by XRG, a subsidiary of Abu Dhabi National Oil…

  • Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project

    Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project Jan De Nul has completed the installation of a portion of cables for what […] The post Jan De Nul making headway on landmark $3.8B Middle Eastern interconnection project appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • ADNOC Drilling clinches $806M deal for next-gen rig trio

    ADNOC Drilling clinches $806M deal for next-gen rig trio UAE-based ADNOC Offshore has handed out a contract to its sister company ADNOC Drilling for three island rigs to support expanding operations at a development project offshore Abu Dhabi. The post ADNOC Drilling clinches $806M deal for next-gen rig trio appeared first on Offshore Energy. Dragana…

  • ADNOC inks LNG deal with Indian player

    ADNOC inks LNG deal with Indian player ADNOC Trading, an affiliate of Abu Dhabi National Oil Company (ADNOC), has signed a liquefied natural gas (LNG) trading supply agreement with India’s Hindustan Petroleum Corporation Limited (HPCL), a unit of the state-owned Oil & Natural Gas Corporation (ONGC). The post ADNOC inks LNG deal with Indian player…

  • BP and ADNOC’s XRG bring new gas player into existence

    BP and ADNOC’s XRG bring new gas player into existence BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt. The post BP and ADNOC’s XRG bring new gas player into existence…

  • ADNOC ceding stake in huge LNG project to subsidiary for $5 billion

    ADNOC ceding stake in huge LNG project to subsidiary for $5 billion (ADNOC) intends to transfer its entire stake in the low-carbon Ruwais liquefied natural gas (LNG) project, currently under development in the United Arab Emirates (UAE), to its affiliate ADNOC Gas. The post ADNOC ceding stake in huge LNG project to subsidiary for $5…