Adnoc L&S IPO is oversubscribed. Image credit: WAM

ADNOC Logistics gets $125bn in orders for $769m IPO

ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn

ADNOC Group Onshore Drilling Rig

ADNOC, TAQA invest $2.4bn to supply sustainable water to onshore operations

The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi


ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process


ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business


ADNOC L&S expands fleet with five very large gas carriers

The carriers have dual-fuel engine technology and use liquified petroleum gas as their primary fuel source

UAE climate Tech announced dr-sultan-ahmed-al-jaber-COP28-president-designate

UAE Climate Tech: MoIAT to host ‘first-of-its-kind’ forum with ADNOC, Masdar

Ahead of COP28, the forum will explore innovations and economic opportunities supporting global efforts to net zero emissions by 2050

ADNOC Onshore Drilling Rig

Abu Dhabi’s ADNOC Drilling approves $341m dividend

The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m

bp and adnoc to form JV media centre

BP, ADNOC bid for interest in NewMed Energy

The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest

UAE corporate tax exemptions.

MENA M&A activity smashes record to top 700 deals in 2022

Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn


Abu Dhabi says there’s more to come after year’s biggest IPO

A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings

Renewable energy in Saudi Arabia and UAE

UAE, Saudi Arabia lead GCC renewable energy investments: S&P Global

The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy


ADNOC Gas eyes $2bn from world’s biggest IPO this year

ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43

ADNOC delivers first Middle East LNG cargo to Germany

The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year

ADNOC signs deals with 23 companies

ADNOC, 23 companies ink deals for local manufacturing opportunities worth Dhs17bn

Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals

etihad to join Masdar, bp, Tadweer, ADNOC in study to explore SAF production in the UAE

Masdar, ADNOC, bp, Tadweer, Etihad to explore SAF production in UAE

The entities will jointly conduct a feasibility study for the region’s first project to produce sustainable aviation fuel using renewable hydrogen and municipal solid waste

ADNOC begins work on new carbon capture and storage project

Abu Dhabi’s ADNOC begins work on new carbon capture and storage project

Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide

ADNOC trials tech to turn mineralise CO2

Abu Dhabi Sustainability Week: ADNOC to trial tech that mineralises C02

The project, which is supported by Masdar and due to commence in Fujairah in January, will use 44.01’s prize-winning CCM technology to eliminate CO2 from the atmosphere


Abu Dhabi’s ADNOC sets up new gas processing, operations and marketing entity

ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products

ADNOC allocates 1$5M towards low carbon solutions

ADNOC earmarks $15bn for low-carbon solutions and decarbonisation tech

The company will launch projects involving carbon capture, electrification and new CO2 absorption technology, and also enhance investments in hydrogen and renewables 

Abu Dhabi’s Adnoc acquires 24.9% stake in OMV

Abu Dhabi’s ADNOC acquires 24.9% stake in OMV

Through this investment in OMV, who hold a 75 per cent stake in Borealis, ADNOC will increase its shareholdings in both Borealis and Borouge

ADNOC, TAQA and Mubadala complete transaction to acquire Masdar stakes

Abu Dhabi’s ADNOC, TAQA and Mubadala complete deal to acquire Masdar stakes

Masdar targets a minimum of 100GW in renewable energy capacity and the production of up to one million tons of green hydrogen by 2030

Mubadala's head of UAE investments platform to join ADNOC

Head of UAE investments platform at Mubadala to join ADNOC

Mubadala’s deputy CEO, Waleed Al Mokarrab Al Muhairi, will serve as interim chief executive of the UAE investments platform

Abu Dhabi's ADNOC, Malaysia's Petronas sign unconventional oil concession agreement

Abu Dhabi’s ADNOC, Malaysia’s Petronas sign unconventional oil concession agreement

The award marks the first time a Malaysian company will explore for hydrocarbons in Abu Dhabi

RTA partners with ADNOC, Almutakamela to develop 3 truck rest stops

RTA partners with ADNOC, Almutakamela to develop 3 truck rest stops

The Truck Rest Stops will be constructed over a total area of more than 226,000 square metres with a capacity to accommodate about 500 trucks and heavy vehicles


Abu Dhabi’s Fertiglobe reports 84% rise in adjusted net profit for Q3 2022

The company’s Q3 2022 revenues increased 52 per cent year-on-year to total $1.32bn

Yousef Al Nowais, of ARDECO, Dr. Saleh Al Hashmi, of ADNOC, Ahmed Khashan, of Schneider Electric

Schneider Electric, ARDECO to manufacture power and energy tech solutions in the UAE

The partnership will play an important role in upskilling the UAE’s technical workforce, as well as driving the development of the engineering and manufacturing knowledge pool


ADNOC, Siemens Energy to co-develop blockchain-based low-CO2 energy certificates

Other areas under joint development include electrification and Power-to-X technologies to produce green hydrogen and its derivatives

ADNOC awards $4bn agreements for integrated drilling fluids services

ADNOC awards $4bn agreements for integrated drilling fluids services

The agreements were awarded to ADNOC Drilling Company, Schlumberger Middle East and Halliburton Worldwide Limited Abu Dhabi

ADNOC awards $980m contract

ADNOC awards $980m contract to spur UAE’s offshore energy resources

Over 80 per cent of the contract value will flow back into the country’s economy under ADNOC’s In-Country Value programme