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May 22, 2024 · Abu Dhabi, UAE – May 22, 2024: ADNOC announced today the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique, marking a major milestone in the company’s international growth strategy. The acquisition will entitle ADNOC to a share of the liquefied natural gas (LNG) production from the concession ...
6 days ago · DUBAI, May 23 (Reuters) - Abu Dhabi National Oil Company (ADNOC) (ADNOCDRILL.AD) raised $935 million from an additional 5.5% sale of shares in its drilling unit to institutional investors, it...
May 22, 2024 · DUBAI, May 22 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has bought Galp's (GALP.LS) 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in...
6 days ago · May 22, 2024 at 10:00 PM PDT. Updated on. May 23, 2024 at 1:44 AM PDT. Listen. 1:31. The United Arab Emirates’ main oil company sold $935 million worth of shares in a secondary offering of its...
May 16, 2024 · Abu Dhabi National Oil Company (ADNOC) is poised to establish a trading desk in the United States, marking a significant step in its strategic global expansion. Sources with knowledge of the...
6 days ago · Adnoc Drilling, the largest national drilling company in the Middle East by rig fleet size, reported a 26 per cent increase in its first-quarter profit last week. It also said at that time that it was awarded a $1.7 billion contract by Adnoc to provide drilling services for the recovery of unconventional oil and gas resources.
May 20, 2024 · May 20, 2024. ADNOC Secures Equity Position and LNG Offtake Agreement in NextDecade’s Rio Grande LNG Project. BACK TO News & Events. 11.7% equity stake in Phase 1 of Rio Grande LNG marks ADNOC’s first strategic investment in the US and complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand.
