Topic
ADNOC
21 stories related to this topic, newest first.
benzinga.combusiness3 days ago
ADNOC Logistics Orders Four LNG Carriers for $900 Million
ADNOC Logistics and Services placed a $900 million order for four newbuild LNG carriers on July 10. The vessels will be built in China and delivered in 2029, expanding the firm's total LNG newbuild program to 18 ships.
thehindubusinessline.comfinance17 days ago
QatarEnergy Offers First Crude Tender Since February via Transfers East of Strait of Hormuz
QatarEnergy offered buyers three grades of crude for July and August loadings via ship-to-ship transfers east of the Strait of Hormuz. The tender closes June 29 and marks the first such Qatari offering since the Iran war began. ADNOC and Kuwait have also increased Middle East sup…
rigzone.comfinance18 days ago
ADNOC Lowers July Murban Crude Price to $101.48 per Barrel
Abu Dhabi National Oil Company cut its official selling price for Murban crude for July delivery by $2.96 per barrel. The reduction follows the easing of supply concerns after the United States and Iran agreed to open peace talks and reopen the Strait of Hormuz.
rigzone.combusiness18 days ago
ADNOC awards stakes in Bab Gas Cap project to BP and TotalEnergies
ADNOC signed agreements on June 25, 2026, granting BP and TotalEnergies 10 percent interests each in the Bab Gas Cap project. The development targets up to 1.5 billion cubic feet per day of gas production from Abu Dhabi's Bab Field.
Semaforai21 days ago
UAE-Backed AI Firm AIQ Plans Sales Push into US Oil and Gas Sector
AIQ, a joint venture of ADNOC and Presight, plans to export its nearly 300 AI tools after six years of use at ADNOC. CEO Dennis Jol outlined priorities including the US during a June 19 event in Abu Dhabi. The move follows the UAE's $1.4 trillion US investment pledge.
japantimes.co.jpbusiness39 days ago
Oil Executives Warn of Prolonged Supply Shock and Recession Risk as Bessent Calls Price Rise Temporary
Treasury Secretary Scott Bessent said energy-driven inflation and high crude prices are short-term supply shocks that will reverse. Chevron CEO Mike Wirth and ADNOC head Sultan al-Jaber described shrinking inventories and slow infrastructure recovery that could keep prices elevat…
insidermonkey.comworld41 days ago
UAE's ADNOC Reviews Proposal for First Multifuel Pipeline to East Coast
State-owned Abu Dhabi National Oil Company is studying a refined-products line to the UAE east coast. The project would mark the country's first multifuel pipeline.
upi.comfinance47 days ago
ADNOC Sends Second LNG Carrier Through Strait of Hormuz
Bloomberg reported that ADNOC sent another LNG carrier through the Strait of Hormuz. The vessel is traveling to India after loading at Das Island.
The Independentworld53 days ago
UAE Oil Chief Says Full Flows Through Strait of Hormuz Unlikely Before 2027
Sultan Al Jaber, chief executive of ADNOC, said full oil flows through the Strait of Hormuz are unlikely to resume before the first or second quarter of 2027. The assessment came at an Atlantic Council event on Wednesday.
indiatoday.intoday.infinance59 days agoUpdated
ADNOC to Double Fujairah Oil Export Capacity with West-East 1 Pipeline by 2027
ADNOC is fast-tracking construction of a new pipeline that will double its export capacity through Fujairah outside the Strait of Hormuz. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan chaired a board meeting reviewing the project as the UAE, which left OPEC on May 1, 2026, seeks…
thegatewaypundit.comworld61 days ago
Apparent Oil Slicks Seen in Persian Gulf After U.S. Strikes on Kharg Island and Iranian Drone Attack on Oil Tanker
Satellite imagery shows a 60km slick moving south from Kharg Island and a trail behind the damaged ADNOC tanker Barakah, struck by Iranian drones on May 4, 2026. A small amount of bunker fuel was released from the crude oil tanker, which remains anchored off Oman with no crew inj…
middleeasteye.networld62 days ago
UAE’s Habshan Gas Complex Operating at 60% Capacity After Attacks During Iran Conflict
ADNOC Gas reported $1.1 billion in first-quarter net income, down 15 percent from a year earlier, citing Iran's blockade of the Strait of Hormuz. The Habshan facility, hit multiple times during the war, will not reach full production until 2027. Israeli strikes continued in south…
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Cnbcfinance67 days ago
ADNOC Awards $55 Billion in Contracts as It Expands Capacity After Leaving OPEC
ADNOC Upstream CEO Musabbeh Al Kaabi announced the company is pushing ahead with $55 billion in new project awards as it accelerates investments following its OPEC exit. Al Kaabi emphasized strengthening local manufacturing during an interview at Make it in the Emirates in Abu Dh…
Cnbcfinance68 days ago
ADNOC Upstream CEO Interviewed on Iran Conflict, Hormuz Shipping, and UAE OPEC Exit
Musabbeh Al Kaabi spoke with CNBC about the ongoing war in Iran and potential economic fallout from any sustained disruption in the Strait of Hormuz. The executive also addressed the UAE's decision to leave OPEC. The interview was published two hours ago.
world69 days agoUpdated
ADNOC to Invest $55 Billion in Oil Projects
The Abu Dhabi National Oil Company announced plans to award up to $55 billion in upstream and downstream projects over the next two years, days after the United Arab Emirates left OPEC on May 1, 2026. The move aligns with efforts to boost crude oil production capacity to 5 millio…
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yahoo.compolitics70 days ago
Iranian Drones Strike UAE Oil Facilities and Tanker
Iranian drones hit the Fujairah Oil Industry Zone in the UAE and an ADNOC tanker in the Strait of Hormuz on May 4, 2026, sparking fires and international backlash. UAE officials vowed to strike back, while Qatar and the Gulf Cooperation Council condemned the attacks as violations…
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Substrate placeholder — needs reviewpolitics70 days ago
Iranian Drones Strike UAE Oil Facility and Tanker
Iranian drones struck the Fujairah Oil Industry Zone in the UAE and an ADNOC tanker in the Strait of Hormuz on May 4, 2026, sparking fires and international backlash. Gulf states and the EU condemned the attacks, while a senior UAE official vowed strikes against Iran. President T…
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japantimes.co.jpworld70 days ago
UAE Withdraws From OPEC; Iran Fires Missiles
The United Arab Emirates withdrew from OPEC on May 1 to pursue national interests, prompting ADNOC to accelerate $55 billion in investments. Three days later, Iran launched 19 weapons at the UAE, which intercepted them all. The move highlights tensions with Saudi Arabia and shift…
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Bloombergworld71 days ago
Adnoc Awards $55 Billion in Projects as Part of Growth Plan Following UAE's OPEC Exit
Adnoc has revealed plans to speed up its growth strategy, including 200 billion dirham in project awards across upstream and downstream operations. This move comes shortly after the country's departure from OPEC on May 1. The awards total $55 billion.
Substrate placeholder — needs reviewworld95 days ago
ADNOC CEO Sultan Al Jaber Comments on Iran's Stance Regarding Strait of Hormuz Navigation
Sultan Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), stated that Iran has indicated passage through the Strait of Hormuz requires permission, conditions, and political leverage. He described this as not constituting freedom of navigation. The statement addresses a key…
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Substrate placeholder — needs reviewfinance95 days ago
UAE ADNOC CEO Sultan Al Jaber Calls for Unconditional Opening of Strait of Hormuz
Sultan Al Jaber, CEO of UAE's ADNOC, stated that the Strait of Hormuz should be opened without conditions. He noted that prolonged restrictions would increase impacts on oil prices and supply chains. The remarks address ongoing tensions affecting global energy trade.
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