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ADNOC

E&P

BP farms out Egypt stakes to Adnoc in JV deal

"Building on our long-standing strategic partnership with BP, Adnoc looks forward to continue exploring other opportunities as we collectively seek to decarbonise our operations and lead a just and equitable energy transition.”

LNG

Adnoc signs first Ruwais LNG sale

“This landmark LNG agreement from our ongoing Ruwais LNG project enhances Adnoc’s position as a reliable and responsible global energy provider and creates new opportunities for value-creation across our gas value chain as natural gas demand continues to increase,” said Rashid Khalfan Al Mazrouei, Adnoc senior vice president of marketing.

Petrochemicals

Adnoc weighs takeover of $5bn chemical producer OCI

OCI said in November it had hired advisers to explore asset monetization opportunities in an attempt to reduce its holding company discount. It said at the time it was in “active discussions” on “attractive value propositions.”  

Middle East

Adnoc plans industrial-scale DAC with Oxy

“This joint investment in the proposed first megatonne [DAC] facility in the region exemplifies Adnoc’s commitment to leverage partnerships and promising technology to accelerate our decarbonisation journey on the way to net zero by 2045.”

Opinion

The danger and the tool: decarbonising gas and LNG

By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.

Middle East

Petrofac takes Adnoc EPC prize at Habshan

“Petrofac has a long and strong track record supporting Adnoc in the UAE, rooted in our steadfast commitment to maximising local delivery, investing in the local supply chain, and developing local teams," said Petrofac Engineering & Construction COO Elie Lahoud.