Adnoc

Adnoc to buy chemical producer Covestro for €12 bn in its biggest deal

The takeover will value the German company at €62 per share and hinges on the Abu Dhabi oil producer receiving at least 50 per cent plus one share in its tender offer

ADNOC agrees to supply Indian Oil with 1 MMT LNG per year for 15 years

ADNOC has big ambitions in gas and LNG, which along with renewable energy and petrochemicals it sees as pillars for its future growth, putting it in competition with regional rivals Qatar

No decision yet on ADNOC LNG project tie-up after Nikkei report: Mitsui

Other oil majors Shell, BP and Total Energies are also expected to invest, the report said

BP, ADNOC suspend $2 bn deal to acquire 50% stake in Israel's NewMed

NewMed said all parties had agreed to pause negotiations, although Abu Dhabi National Oil Co (ADNOC) and BP have reaffirmed their interest in the deal

ADNOC's $30 bn chemicals deal with Austria's OMV stalls over disagreements

"We are in ongoing and open-ended negotiations and cannot comment further," OMV said in a statement

UAE state oil firm moves up its net zero emissions climate target to 2045

A state-run oil giant in the United Arab Emirates said on Monday it has moved up its target for achieving net zero emissions in its operations to 2045, as the country prepares to host UN climate talks later this year. The Abu Dhabi National Oil Company, known as ADNOC, said it is also committed to acheiving zero methane emissions by 2030. Methane is a greenhouse gas that is 80 times more potent than carbon dioxide in the short term. Earlier this year, ADNOC earmarked USD 15 billion for an array of green initiatives, including the development of hydrogen power, carbon capture facilities and the planting of mangroves. The company had previously committed to net zero the balancing of greenhouse gas emissions to the point that the amount removed from the atmosphere is equal to the amount emitted by 2050. The UAE, an OPEC member that produces over 3 million barrels of crude oil a day, will host the global climate talks known as COP28 from November 30 to December 12 in Dubai. It has

Indian Oil signs long term LNG import deals with ADNOC LNG, TotalEnergies

TotalEnergies would supply 0.8 million tpy LNG to IOC under the 10 year deal, it said. TotalEnergies would supply LNG to IOC from its global portfolio

ADNOC Gas signs three-year LNG supply agreement with TotalEnergies

Under the terms of the agreement, through its subsidiary, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world

Centre mulls building several refineries, not one UAE-Saudi plant

"The role of Maharashtra government is crucial in acquiring the land," the source said

India may split planned mega refinery into several refineries: Reports

Delays in acquiring a 15,000-acre land parcel have almost stalled the project, initially planned for 2025, and boosted costs by 36% to $60 billion, as per estimates made in 2019

Emergency bid: GAIL inks agreement with ADNOC to secure LNG supply

Officials said the agreement represents a reworking of India's gas sourcing strategy as the country aims to aggressively source LNG from a wider list of nations

Reliance Industries inks pact for $2-bn UAE deal; in talks with ADNOC

RIL derives over 60 per cent of its revenue and nearly 55 per cent of its operating profit from its oil-to-chemicals (O2C) business

Reliance inks pact for UAE chemical project; in talks with ADNOC

TA'ZIZ is joint venture between Abu Dhabi National Oil Co (ADNOC) and sovereign wealth fund ADQ

LIVE: Cremation of CDS Bipin Rawat, his wife to be held on Friday

CDS Gen Bipin Rawat, his wife Madhulika Rawat and 11 other persons on board have died in a chopper crash in Tamil Nadu on Wednesday

Abu Dhabi's ADNOC weighs IPO of logistics and services unit next year

A deal could follow after testing investor appetite and market conditions, sources said

ADNOC and Reliance Industries to set up petrochemical project in Abu Dhabi

Integrated plant will have a capacity to produce 940,000 tonnes of chlor-alkali, 1.1 million tonnes of ethylene dichloride and 360,000 tonnes of PVC annually

Aramco, Adnoc committed to $44 bn west coast refinery project: IOC Chairman

Saudi Aramco and Adnoc are still committed to investing in the planned $44 billion west coast refinery-cum-petrochemical project, the Chairman of the project's lead Indian partner said on Thursday

Govt allows ADNOC to trade 50% of oil stored in Indian strategic reserves

The Union Cabinet on Wednesday allowed Abu Dhabi National Oil Co (ADNOC) to trade half of the crude oil it has stored in Indian underground strategic reserves. Till now, ADNOC, which has hired half of 1.5 million tonnes underground storage at Mangaluru, was allowed to commercially use 35 per cent of the oil stored. It could trade or sell another 15 per cent with the explicit approval of the government. The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, allowed ADNOC to commercially use 50 per cent of the oil it has stored in the reserves, an official said. The flexibility allowed will encourage the company to store more oil in the three reserves India has built as insurance against supply and price disruptions. The official said while ADNOC bears the cost of oil, India has the first right over its usage in an emergency. This guarantees energy security without spending money on oil. Besides hiring half of the Mangaluru capacity, ADNOC had also

Cost of India refinery project with Aramco, ADNOC estimated at $70 billion

In September, India's oil minister said the refinery would cost more than the originally planned $45 billion.

ADNOC partners Adani-BASF for $4 billion Mundra chemical complex

Currently, Reliance Industries Ltd is a major supplier of petrochemicals along with government-owned refiners.