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ADNOC GROUP
At the gates of Hormuz, 80 million barrels of oil are on standbyLarge volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes ...- The US is using an Iranian smuggling tactic to sneak oil out of the GulfThe US military is secretly guiding oil tankers through the Gulf of Oman. This operation uses drones and helicopters to facilitate ship-to-...
- The U.S. is using an Iranian smuggling tactic to sneak oil out of the GulfAmerica's military is secretly guiding oil tankers in the Gulf of Oman. This operation uses drones and helicopters to help ships transfer o...
- Three oil, LNG tankers exit Hormuz with transponders offTwo supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying c...
- Oil prices settle higher on slow progress in US-Iran peace talksOil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated...
- UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensionsThe UAE has exited OPEC and OPEC+ stating it is a sovereign decision. This comes after an ADNOC tanker was hit by Iranian drones in the Str...
- UAE oil giant ADNOC pledges $55 billion in new projects by 2028: statementThe Abu Dhabi National Oil Company on Sunday pledged to spend $55 billion on new projects over the next two years, just days after the Unit...
- OPEC+ to make first post-UAE production decisionSeven OPEC+ nations are meeting to set oil production quotas -- the first decision since the UAE left the cartel. The war in the Middle Eas...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- ADNOC gets CCI clearance to acquire Covestro for USD 16.4 billionIndia's competition watchdog, CCI, has greenlit Abu Dhabi National Oil Company's (ADNOC) substantial $16.4 billion acquisition of Covestro,...
- AI added $500 million of extra value in 2023: Abu Dhabi Oil CompanyThe use of AI also prevented up to 1 million tons of carbon dioxide emissions between 2022 and 2023, the state oil giant said. AI tools use...
- Identities of two Indians killed in drone attack in UAE established; two Indians among six injuredThe identities of the two Indian nationals killed in Monday's suspected Houthi drone attacks near the Abu Dhabi airport that sparked multip...
- Abu Dhabi's ADNOC invites banks to pitch for bookrunner roles for drilling unit IPOADNOC is planning to take the unit public in the third quarter, they added. One of the sources previously said ADNOC could raise at least $...
- UAE's ADNOC maintains crude supply reductions to Asia in FebruaryThe producer has been reducing term supplies as part of the United Arab Emirates' commitment to lower production in a pact between the Orga...
- UAE assures additional LPG supplies to meet free LPG demand of IndiaPradhan and Sultan Ahmed Al Jaber, the UAE minister and ADNOC group CEO, discussed the emerging oil and gas outlook and agreed to work toge...
- Adani partners UAE's Adnoc, Germany's BASF for $4 billion chemical ventureThe total investment for establishment of the chemical complex in Gujarat's Mundra is estimated to be up to $4 billion (about Rs 28,400 cro...
- UAE's ADNOC inks pact with IOC for base oil sales in IndiaThe total Indian market for finished lubricants is two million tonnes and is growing at the rate of 2.4 per cent per annum.
- First crude oil cargo from Abu Dhabi departs for Mangalore's strategic crude oil reserveAl Jaber said that the strategic reserve project represents an important new energy partnership with India that leverages the UAE and ADNOC...
- ONGC acquires 10 per cent stake in UAE's oil offshore concessionSources told Reuters that ONGC would get up to a 10-percent stake, valuing the deal at $600 million. An official announcement is expected l...
- Abu Dhabi National Oil Company to make foray into lubricant business in IndiaTo begin with, ADNOC is targeting the premium segment in the motorcycles and passenger cars and the three-wheelers.
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