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Tag: ADNOC

The Abu Dhabi National Oil Company (ADNOC) is one of the world’s largest energy producers, managing the UAE’s oil and gas reserves across upstream, midstream, and downstream operations. It is a core revenue engine for Abu Dhabi and a key player in global energy markets.

ADNOC Umm Shaif Gas Cap Gets $6.2 Billion Go-Ahead for 2030 Gas Startup

ADNOC Umm Shaif Gas Cap

The ADNOC Umm Shaif Gas Cap has moved from a plan to a funded project, with a $6.2 billion final investment decision now signed. ADNOC will develop the offshore field alongside TotalEnergies, Eni and China National Petroleum Corporation. The deal carries a headline figure of AED22.6 billion. It targets first output by 2030. What the […]

ADNOC in a $1 billion deal to acquire Shell Downstream South Africa network

ADNOC in a $1 billion deal

ADNOC will take over Shell’s downstream network across South Africa. The Abu Dhabi fuel retailer signed the agreement on Tuesday with Shell South Africa Holdings. This now sees the biggest overseas purchase in the company’s history to this point. ADNOC Distribution values the assets at an implied enterprise figure of about $1 billion today. This […]