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Latest Press Releases

ADNOC

ADNOC to Redeem Exchangeable Bonds in ADNOC Distribution Upon Maturity in June 2024

Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on June 4, 2024. Fulfilling its financial obligations, ADNOC will pay up to $1.195 billion, along with up to $4.18 million in applicable interest.

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ADNOC Announces First Production from Belbazem Offshore Block

ADNOC announced today the start of crude oil production from its Belbazem offshore block, underscoring the company’s commitment to responsibly meet the world’s growing demand for energy.

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ADNOC Signs Second Long-Term Heads of Agreement for Ruwais LNG Project

ADNOC announced today the signing of a 15-year Heads of Agreement (LNG agreement) with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of 1 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG).

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Nov 21, 2023

ADNOC and Santos to Pursue Global CCS Platform to Accelerate Net Zero Goals

ADNOC and Santos today announced the signing of a strategic collaboration agreement (SCA) that outlines a pathway towards the potential development of a joint global carbon management platform that could support the decarbonization journey of customers throughout Asia-Pacific.

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Oct 05, 2023

ADNOC Signs Agreements with 30 Companies for Local Manufacturing Opportunities Worth up to AED10 Billion

ADNOC has announced new agreements with 30 companies for local manufacturing of critical non-oil products in its supply chain as it accelerates the decarbonization of its operations. The announcement was made at ADNOC’s 7th annual Business Partnership Forum held at ADIPEC, the world’s largest energy industry gathering taking place in Abu Dhabi.

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Oct 05, 2023

ADNOC Partners with EDGE to Use UAE-made Drones to Minimize Emissions

ADNOC has announced a partnership with EDGE Group PJSC (‘EDGE’), one of the world’s leading advanced technology groups headquartered in Abu Dhabi, to deploy UAE-made unmanned aerial vehicles (UAVs), also known as drones, across its onshore and offshore operations.

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Oct 05, 2023

ADNOC Takes FID on World’s First Project That Aims to Operate with Net Zero Emissions

ADNOC announced, today, the final investment decision and award of contracts for the Hail and Ghasha Offshore Development project. The project aims to operate with net zero carbon dioxide (CO2) emissions, reinforcing ADNOC’s legacy of responsible energy production and supporting its Net Zero by 2045 ambition and accelerated decarbonization plan.

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Oct 04, 2023

ADNOC to Deploy Repurposed EV Batteries to Decarbonize Operations and Reduce Costs

ADNOC is to trial the use of repurposed electric vehicle batteries to decarbonize its remote production operations and reduce costs. The pilot, run in partnership with German startup Power I.D., will see electric vehicle batteries deployed that would have otherwise been disposed of and assembled into a large-scale Battery Energy Storage System.

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Oct 04, 2023

ADNOC Announces Finalists for Decarbonization Technology Challenge That Honors Innovators and Pioneers Reshaping Global Energy Landscape

ADNOC announced, today, 10 finalists for its global Decarbonization Technology Challenge, launched at the UAE Climate Tech forum in May, to find innovators and pioneering climate technology companies that will reshape the global energy landscape. The companies have been selected from 650 entries from across 50 countries.

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Oct 04, 2023

ADNOC Awards More Than $400m Critical Equipment Contract for Low-Carbon LNG Project in Ruwais

ADNOC announced, today, it has awarded a contract, valued at more than US $400 million (AED 1.47 billion), to Baker Hughes, through its Nuovo Pignone International S.R.L. legal entity, for the supply of all-electric compression systems for the liquefaction of natural gas, to be powered by clean energy, for its low-carbon LNG asset in the Al Ruwais Industrial City, Al Dhafrah, Abu Dhabi. The LNG trains will comprise energy efficient Baker Hughes technology, including compressors, driven by 75 MW electric motors.

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Oct 03, 2023

ADNOC and Fertiglobe to Pilot First-of-its-Kind Cost Effective Modular Carbon Capture Technology

ADNOC and Fertiglobe, the strategic partnership between ADNOC and OCI Global, today announced the pilot deployment of the world’s first cost-effective modular CycloneCC carbon capture unit at Fertiglobe’s 100% owned nitrogen fertilizer plant in the Al Ruwais Industrial Complex, Abu Dhabi, UAE. The CycloneCC technology, which has been developed by Carbon Clean, is designed to improve the economics of point source carbon capture within industrial facilities

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Oct 03, 2023

ADNOC and Occidental to Advance Direct Air Capture Project in the UAE

ADNOC and Occidental announced, today, an agreement to undertake a joint preliminary engineering study for the construction of the first megaton-scale direct air capture (DAC) facility outside the United States (US).

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Oct 03, 2023

ADNOC First Company in the Middle East to Receive ISCC Certification to Produce Sustainable Aviation Fuel

ADNOC announced, today, its Ruwais Refinery has received International Sustainability Carbon Certification (ISCC) for the production of Sustainable Aviation Fuel (SAF), making it the first company in the Middle East to earn the distinction. This important milestone underscores ADNOC’s commitment to collaborating with its customers to accelerate their decarbonization journeys.

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