8/1/2026 9:13:53 AM (Volume: 43 / Issue: 8)
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Tag: Adnoc

Energy, Oil & Gas

Hormuz traffic grinds towards standstill after attacks

Shipping through the Strait of Hormuz slowed to a near standstill over the weekend following attacks on tankers, underscoring the growing risks to one of the world's most important energy routes, even as oil prices remained relatively steady amid the lack of progress in US-Iran peace talks....

Energy, Oil & Gas

Adnoc’s XRG secures stake in Venezuela’s Loran gas licence

XRG, the international energy investment company of Abu Dhabi National Oil Company (Adnoc), has entered Venezuela through the award of the offshore Loran licence and the transfer of an interest from PDVSA Gas, expanding its gas and LNG footprint in Latin America....

Energy, Oil & Gas

XRG chemicals portfolio delivers resilient Q2 earnings

XRG, Adnoc’s international investment arm, reported resilient Q2 2026 chemicals earnings, led by Borouge International’s $1.8 billion adjusted EBITDA, underscoring the value of diversification, scale and global market exposure....

Energy, Oil & Gas

ADNOC, SLB deploy AI platform across 120 drilling rigs

ADNOC, in collaboration with SLB, has deployed its artificial intelligence (AI)-enabled Real-Time Operations Centre (RTOC) platform across its fleet of more than 120 rigs, providing teams with a faster and more connected way to monitor, analyse and manage drilling operations across its onshore and offshore assets....

Energy, Oil & Gas

Adnoc updates crude pricing methodology

Abu Dhabi National Oil Company (Adnoc) has announced changes to the Official Selling Price (OSP) methodology for its Abu Dhabi crude grades following a routine commercial review. The new pricing mechanism will take effect on November 1, 2026....

Energy, Oil & Gas

Técnicas Reunidas wins $5.75bn ADNOC mega project contracts

Spanish engineering company Técnicas Reunidas has announced that it has secured two major contracts worth a total of more than $5.75 billion from Abu Dhabi National Oil Company (ADNOC) to provide engineering, procurement, construction and installation services for its Upper Zakum megaproject. ...

Energy, Oil & Gas

Fertiglobe adjusted EBITDA increases 111% to $371m in Q2

Fertiglobe, a major exporter of urea and net ammonia and the exclusive ammonia platform of ADNOC and XRG, today reported strong revenues of $1.1 billion, up 92% year-on-year, for the second quarter of this year....

Energy, Oil & Gas

Adnoc, partners greenlight $6.2bn Umm Shaif Gas Cap development

Adnoc is accelerating its integrated global gas growth strategy with a $6.2 billion (AED22.6 billion) final investment decision (FID) to develop the Umm Shaif Gas Cap in Abu Dhabi alongside its international partners TotalEnergies, Eni and China National Petroleum Corporation (CNPC)....

Energy, Oil & Gas

UAE invests more than $85bn in US energy sector

The UAE has invested more than $85 billion in US energy assets across 19 states, supporting power generation, advanced chemicals, and energy infrastructure. The investments have been made through XRG, ADNOC, and Masdar. ...

Energy, Oil & Gas

Adnoc, XRG, Mitsui sign strategic energy collaboration agreement

Adnoc and XRG have signed a Strategic Collaboration Agreement with Mitsui to expand cooperation across LNG, crude oil, sulfur, shipping and chemicals, while exploring international energy investments and strengthening long-term supply, logistics and market development initiatives. ...

Energy, Oil & Gas

Adnoc signs 15-year LNG supply deal with Japan’s Inpex

Adnoc has signed a 15-year Sales and Purchase Agreement (SPA) with Japan’s largest exploration and production company, Inpex Corporation, to supply 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from its Ruwais LNG project....

Energy, Oil & Gas

Adnoc launches global LNG marketing, trading platform

Adnoc has launched a global LNG marketing and trading platform in Abu Dhabi Global Market (ADGM), integrating Adnoc Gas, XRG and Adnoc Trading to strengthen operations. The platform boosts flexibility, shipping optionality and customer access, supporting LNG expansion including the Ruwais project. ...

Energy, Oil & Gas

TA’ZIZ, Covestro and XRG mull world-scale MDI plant in Ruwais

TA’ZIZ, a joint venture between ADNOC and ADQ, has announced the launch of a joint feasibility study with Covestro and XRG to assess the development of a world-scale methylene diphenyl diisocyanate (MDI) plant at the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi....

Energy, Oil & Gas

Abu Dhabi awards major Bab Gas Cap concession to Adnoc, partners

The Supreme Council for Financial and Economic Affairs has awarded the Bab Gas Cap concession to Adnoc and international partners. The project, the world’s largest gas cap development, is expected to produce 1.5 billion cubic feet of natural gas daily....

Energy, Oil & Gas

ADNOC resumes naphtha exports via Sohar

Abu Dhabi National Oil Co (ADNOC) has resumed exports of naphtha ‌in May via the Omani port of Sohar, a Reuters report said quoting traders....

Energy, Oil & Gas

Adnoc deploys inspection robot at Taweelah plant

Adnoc has deployed Taurob’s heavy-duty inspector robot at its Taweelah Gas Compression Plant, where it will conduct routine inspections in hazardous environments without putting people at risk. ...

Energy, Oil & Gas

ADNOC committed to $150bn energy capital expenditure, says Dr Al Jaber

ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience....

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