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Latest Press Releases

ADNOC

ADNOC Announces Transfer of 24.9% OMV Shareholding to XRG

Abu Dhabi National Oil Company P.J.S.C. (ADNOC) announced today its intention to transfer its 24.9% shareholding in OMV AG (OMV) to XRG P.J.S.C (XRG), its wholly-owned international investment company.

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Khaled bin Mohamed bin Zayed chairs meeting of Executive Committee of ADNOC Board of Directors

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has chaired a meeting of the Executive Committee of the ADNOC Board of Directors.

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ADNOC Expands its STEM Education Program to Empower UAE Students in AI

ADNOC has expanded its Science, Technology, Engineering and Mathematics (STEM) education program to empower UAE students in artificial intelligence (AI) and advanced technology through an initiative called ‘STEM for Life: Future of AI Schools Challenge’ which held the finals today at the Abu Dhabi Energy Center.

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Aug 04, 2020

ADNOC L&S and Wanhua Chemical Group form Strategic Shipping Joint Venture

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced today the formation of a new strategic joint venture (JV) with Wanhua Chemical Group (Wanhua). The new company named AW Shipping Limited is incorporated in Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE).

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Jul 29, 2020

ADNOC Bloomberg Education Initiative Announces Measures to Support Distance Learning

100 Bloomberg Terminals have been installed at five leading universities in the Emirate of Abu Dhabi as a result of the Memorandum of Understanding (MoU) signed in October 2019 between the UAE Ministry of Education, the Abu Dhabi National Oil Company (ADNOC), and Bloomberg L.P. to implement a training and development program called the ADNOC-Bloomberg Education Initiative.

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Jul 27, 2020

ADNOC Announces Addition of New Chinese Partner following a Transfer of Stakes in its Offshore Concessions from CNPC to CNOOC

The Abu Dhabi National Oil Company (ADNOC) announced, today, its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporation (CNPC) to China National Offshore Oil Corporation’s subsidiary CNOOC Limited (CNOOC). The transfer has been approved by Abu Dhabi’s Supreme Petroleum Council (SPC) and marks the first time that a dedicated Chinese offshore oil and gas company joins ADNOC’s concessions.

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Jul 23, 2020

Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2020 to be held Virtually

dmg events, organiser of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), and with the support of its strategic partner and host, the Abu Dhabi National Oil Company (ADNOC), has announced that the ADIPEC Strategic and Technical Conference will take place virtually between November 9 and 12, 2020.

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Jul 22, 2020

ADNOC and ADQ Form Joint Venture to Catalyze the UAE’s Chemicals Sector and Accelerate Industrial Growth

The Abu Dhabi National Oil Company (ADNOC) and ADQ today signed a joint venture (JV) agreement to create a new investment platform to fund and oversee the development of industrial projects within the planned Ruwais Derivatives Park, a key enabler of ADNOC Downstream’s 2030 smart growth strategy and the UAE’s chemicals and industrial growth strategy.

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Jul 18, 2020

ADNOC Announces Exciting Initiative to Promote STEM Education among Kids

The Abu Dhabi National Oil Company (ADNOC) announced today, an exciting initiative to enhance Science, Technology, Engineering, and Mathematics (STEM) education among kids in the United Arab Emirates (UAE). The initiative, called “STEM@Home”, enables children to remotely access STEM resources and learn new skills through engaging science-based challenges.

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Jul 15, 2020

ADNOC Closes Landmark Energy Infrastructure Deal With Global Investor Consortium

The Abu Dhabi National Oil Company (ADNOC) announced today that it has closed its $20.7 billion gas pipeline infrastructure investment deal with a global investor consortium comprising Global Infrastructure Partners, Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board, NH Investment & Securities and Snam (the Consortium). The closing takes the combined investment in select ADNOC gas pipeline assets by the Consortium to $10.1 billion.

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Jul 13, 2020

ADNOC Wins Sustainability Manager of the Year 2020 for Efforts to Conserve the UAE’s Precious Water Resources

Abu Dhabi Sustainability Group has recognized ADNOC’s environmental stewardship by naming Shayma Al Mazrouei, an employee at ADNOC Gas Processing, Sustainability Manager of the Year Award 2020 for her contributions to environmental conservation through an innovative water reduction program.

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Jun 25, 2020

ADNOC CEO Joins Leading Investors at World Government Summit to Discuss Regional and Global Investment Dynamics

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (ADNOC), today, discussed regional and global investment dynamics alongside the world’s leading global infrastructure and institutional investors during a panel session as part of the virtual series of the World Government Summit.

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Jun 23, 2020

ADNOC Announces $20.7 Billion Energy Infrastructure Deal

The Abu Dhabi National Oil Company (ADNOC) announced today that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. A consortium of investors comprising Global Infrastructure Partners (GIP), Brookfield Asset Management, Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan Board (Ontario Teachers’), NH Investment & Securities and Snam (the Consortium), will invest in select ADNOC gas pipeline assets valued at $20.7 billion.

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