UAE
News
February 13, 2025
ADNOC Drilling announced record financial results for both Q4 and full-year 2024, with Q4 revenue growing 41% year-over-year, and full-year revenue increasing 32% y-o-y. ADNOC attributes the success to its expansion of onshore and offshore fleets, and its oilfield services (OFS) segment.
News
February 12, 2025
ADNOC Gas has signed a 14-year sales and purchase agreement (SPA) with Indian Oil Corporation for the export of up to 1.2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to India’s largest integrated and diversified energy company.
News
February 06, 2025
ADNOC Gas has announced record earnings for the full year (FY) 2024 of $5 billion, and its highest quarterly income of $1.38 billion since its IPO. The robust improvement was driven by several factors including a richer mix of gas, producing more liquids, and improved commercial terms in the domestic market.
News
February 04, 2025
(Bloomberg) – ADNOC will transfer stakes in some U.S. assets to its new international investment firm, XRG PJSC. ADNOC's holdings in a hydrogen venture with Exxon Mobil Corp. and NextDecade Corp.’s LNG export project will move to XRG, according to CEO Sultan Al Jaber.
News
January 28, 2025
ADNOC Logistics and Services (ADNOC L&S) has joined with an Abu Dhabi seaglider operator to introduce REGENT seagliders into its fleet. ADNOC L&S will use the all-electric seagliders to transport people to and from offshore oil and gas infrastructure.
News
January 22, 2025
SandboxAQ announced it has signed an agreement with Aramco to collaborate on developing a multi-GPU enabled differentiable computational fluid dynamics solver for application in oil and gas processing facilities.
News
January 21, 2025
ADNOC Gas celebrated a new long-term strategic partnership with EWEC (Emirates Water and Electricity Company) to support the UAE’s energy transformation. This landmark agreement is underpinned by a 10-year flexible natural gas sales and purchase agreement between ADNOC Gas Facilities LLC and EWEC worth $10 billion.
News
January 14, 2025
Flowserve has been awarded a contract to supply Dry Gas Seals and Dry Gas Seal Systems to support a groundbreaking initiative for ADNOC. ADNOC's large-scale CCS project aims to capture 1.5 million tons of carbon dioxide annually.
News
January 08, 2025
CB&I has been awarded a substantial contract by TJN Ruwais JV for engineering, procurement, and construction (EPC) of two cryogenic tanks and associated work for its liquefied natural gas (LNG) project, in Ruwais, Abu Dhabi, UAE.
News
January 02, 2025
Vantage Drilling announced the creation of TEVA Ship Charter LLC (TEVA), a new JV entity with TotalEnergies. Under terms of the agreement, Vantage will operate the Tungsten Explorer for a ten-year term with the option to extend.
News
December 24, 2024
McDermott has opened a new welding and technology center of excellence for research, development and qualification. The facility is located at the Oilfields Supply Center in Dubai's Jebel Ali Freezone.
News
December 20, 2024
(Bloomberg) – The largest oil producer in the United Arab Emirates is focused on closing its nearly $13 billion acquisition of German chemical maker Covestro AG which would establish a base for international growth.
News
December 17, 2024
ADNOC Drilling has announced the closing of the Turnwell Industries joint venture between ADNOC Drilling, SLB and Patterson-UTI.
News
December 09, 2024
ADNOC has signed a second Sales and Purchase Agreement (SPA) for the lower-carbon Ruwais liquified natural gas (LNG) project, with Malaysia’s Petronas. The 15-year SPA is for supplying 1 million tonnes per annum (mtpa) of LNG.
News
December 06, 2024
HMi Elements has taken a major step into the UAE market through a partnership with Al-Yaseah, an Abu Dhabi-based supplier to the oil and gas industry. This marks HMi’s first venture into the UAE market, representing a significant milestone in its global expansion strategy.
News
November 27, 2024
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors. His Highness highlighted ADNOC’s important role as a primary catalyst for the UAE’s growth and diversification
News
November 27, 2024
Following the Board’s strategic endorsement, ADNOC announced the launch of XRG, a groundbreaking international lower-carbon energy and chemicals investment company, with an enterprise value of over $80 billion.
News
November 14, 2024
ADNOC announced today the fourth cohort of its prestigious Trading Academy, which prepares ADNOC’s UAE National talent for roles as global traders of refined and crude products in the company’s trading operations, ADNOC Global Trading (AGT) and ADNOC Trading (AT).
News
November 14, 2024
ADNOC Gas has signed a 10-year Sales and Purchase Agreement (SPA) with GAIL India Limited, India's largest natural gas company, to supply up to 0.52 million metric tons per annum (mmtpa) of liquefied natural gas (LNG), starting in 2026.
News
November 12, 2024
Kent, a UAE-headquartered engineering company, has launched its UAE Designers and Drafters Training Program. This initiative is specifically designed to equip young Emirati high school graduates and engineering diploma holders with the skills and knowledge necessary to excel in the energy industry.
News
November 11, 2024
ADNOC Gas plc and its subsidiaries today announced strong earnings for the third quarter of 2024, with net income increasing 11% year-on-year (YoY) to $1.24 billion, beating Bloomberg consensus for the quarter.
