Energy, Oil & Gas

ADNOC Gas awards $8.2bn EPC contracts for Habshan complex project

Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital. ...

Energy, Oil & Gas

ADNOC firms deliver $25.3bn H1 revenue as growth investments advance

Abu Dhabi National Oil Company's six listed firms - ADNOC Distribution, Borouge, Fertiglobe and ADNOC Drilling as well as its gas and logistics units - reported a combined revenue of $25.3 billion in H1 with big investments and project awards likely to support growth across the portfolio. ...

Energy, Oil & Gas

ADNOC Gas records robust growth in Q2; net income hits $665m

ADNOC Gas, a key subsidiary of Abu Dhabi National Oil Company, has delivered solid results for the second quarter with a net income of $665 million, above the guidance range of $400-600 million, thus reflecting strong operational performance in a challenging operating environment. ...

Energy, Oil & Gas

XRG boosts US LNG position with second Rio Grande stake buy

XRG, the international investment arm of Abu Dhabi National Oil Company (Adnoc), has completed the acquisition of an additional equity interest in Trains 4 and 5 of Rio Grande LNG at the Port of Brownsville, Texas, US, thus marking a significant step in the execution of its global gas strategy. ...

Energy, Oil & Gas

Adnoc unit XRG joins Eni to secure strategic Argentina gas assets

Abu Dhabi National Oil Company said its key unit XRG and top Italian petroleum company Eni have signed separate agreements with Argentina's state-controlled energy company YPF to acquire 32% stakes each in three upstream gas blocks in the Vaca Muerta shale formation. ...

Energy, Oil & Gas

Adnoc finalises strategic investment plan for SARB Deep Gas project

Abu Dhabi National Oil Company (Adnoc) has announced the Final Investment Decision (FID) for the SARB Deep Gas Development, a strategic project located offshore of UAE capital. The development will deliver 200 million standard cubic feet per day (scfd) of gas before the end of the decade. ...

Energy, Oil & Gas

ADNOC secures $2bn K-Sure-backed green projects funding

Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency. ...