UAE
News
November 26, 2025
ADNOC Gas has signed a landmark 20-year, up to $4.2 billion natural gas supply agreement with EMSTEEL, securing long-term feedstock for one of the UAE’s largest industrial producers and reinforcing the company’s role in powering the nation’s manufacturing and economic growth.
News
November 24, 2025
Abu Dhabi’s ADNOC will maintain its $150 billion spending plan over the next five years as the company ramps up oil and gas capacity and accelerates global expansion through its fast-growing XRG investment arm.
News
November 18, 2025
ExxonMobil, Chevron, ADNOC and Carlyle are evaluating parts of Lukoil’s international portfolio as U.S. sanctions set to take effect in December accelerate the Russian producer’s efforts to divest global assets, including stakes in Iraq’s West Qurna 2 field and operations in Uzbekistan.
News
November 14, 2025
ADNOC Gas reported the strongest third-quarter results in its history, delivering $1.34 billion in net income—an 8% year-over-year increase—driven by robust domestic gas demand and improved commercial terms. Year-to-date profit reached $3.99 billion, up 10% from 2024, despite lower average oil prices.
News
November 05, 2025
The UAE, long one of OPEC’s key oil producers, is pivoting to U.S.-tested fracing techniques to tap its “very promising” unconventional gas resources, with the intention of ramping up output amid forecasts for surging demand.
News
November 03, 2025
ExxonMobil CEO Darren Woods said Abu Dhabi’s Upper Zakum offshore field may reach its 1.5 MMbpd expansion target ahead of 2030, boosting UAE output.
News
October 28, 2025
ADNOC Drilling reported record financial performance for the third quarter and first nine months of 2025, underscoring its role as ADNOC’s upstream growth engine and a key contributor to Abu Dhabi’s long-term energy strategy.
News
September 17, 2025
ADNOC's XRG has withdrawn its $19 billion bid for Santos, ending a high-profile push to expand in Australia’s LNG market amid valuation and tax disagreements.
News
September 05, 2025
ADNOC is considering lining up more than $10 billion in debt financing from local and international banks as it moves forward with its roughly $19 billion pursuit of Australian fossil fuel producer Santos Ltd., according to people familiar with the matter.
News
August 27, 2025
ADNOC has agreed to supply 1 million tons of LNG annually to IndianOil for 15 years as it lines up more binding contracts for a new export terminal. The LNG will come primarily from the under-construction project at Ruwais.
News
August 27, 2025
EnerMech has secured a two-year contract extension with Dubai Petroleum to continue providing the Middle East operator with crane maintenance services across its offshore assets.
News
August 06, 2025
ADNOC Gas has announced Q2 2025 results, with net income rising by 16% year-on-year (YoY) to a record $1.385 billion and EBITDA increasing by 8% YoY to $2.256 billion.
News
August 04, 2025
ADNOC Drilling Co. is planning to buy a company operating oil and gas rigs in Kuwait and Oman, which would be the second such deal in less than a year as the United Arab Emirates-based firm expands beyond its home market.
News
August 04, 2025
ADNOC Gas has announced the signing of a Heads of Agreement with Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (MMtpa) of liquefied natural gas (LNG) for a 10-year term.
News
July 10, 2025
Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — spoke out at a conference in Vienna this week in support of the producer group's recent mega-supply boosts, citing stability and benefits to the broader global market.
News
July 09, 2025
The NATO Innovation Fund and Investinor will pay $14 million for a stake in Kongsberg Ferrotech, enabling the startup to scale up production of its submersible robot. The first machine already is currently deployed for offshore oil and gas operations in Abu Dhabi.
News
July 09, 2025
Kuwait Petroleum Corp., Kuwait’s state oil company, said OPEC+’s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.
News
June 30, 2025
ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday.
News
June 25, 2025
The Forum Energy Technologies (FET) Subsea product line has secured a contract to provide two work class remotely operated vehicles (ROVs) to CCC Underwater Engineering (CCC UE), the UAE-based offshore construction organization.
News
June 16, 2025
ADNOC Drilling has appointed Abdulla Ateya Al Messabi as its new Chief Executive Officer (CEO). Abdulrahman Abdulla Al Seiari, the company’s current CEO, will retire at the end of the year following more than 45 years of dedicated service to ADNOC and ADNOC Drilling.
News
June 16, 2025
Abu Dhabi National Oil Co. has made an $18.7 billion offer for Australian fossil fuel producer Santos Ltd., in one of the most audacious overseas moves yet by the Middle Eastern company as it seeks to expand its production of liquefied natural gas.
