ADNOC

Middle East

KKR, BlackRock invest $4bn in Abu Dhabi pipelines

25/02/2019

KKR & Co. and BlackRock Inc. agreed to invest $4 billion in Abu Dhabi’s oil pipelines, securing two decades of guaranteed returns and providing the Middle Eastern energy producer a cash injection to help diversify its economy.

Oil & Gas

Baker Hughes, GE in talks with Abu Dhabi on drilling stake

15/05/2018

Baker Hughes, a GE Company, is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.

Middle East

OMV in $1.5bn deal for Abu Dhabi oil fields

09/04/2018

OMV will buy 20% of two offshore oil fields in Abu Dhabi, the Austrian firm said. It will pay $1.5billion for the stakes in Satah Al Razboot  and Umm Lulu. OMV expects to sign on the dotted line with Abu Dhabi National Oil Company by the end of this month.  

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