ADNOC

Gunvor and ADNOC Compete for Shell's South Africa Unit: A Major Acquisition on the Horizon

2 months ago

In a significant development in the energy sector, the trading house Gunvor and the Abu Dhabi National Oil Company (ADNOC) have reportedly been shortlisted as potential bidders for Shell's South African assets. This acquisition opportunity arises as Shell seeks to divest from certain non-core businesses as part of its broader strategy to streamline operations and focus on more profitable ventures.

UAE's ADNOC Pursues Strategic Gas Field Deals in Major U.S. Expansion Effort

3 months ago

The Abu Dhabi National Oil Company (ADNOC) is reportedly taking significant steps to expand its presence in the United States by seeking strategic partnerships and investments in gas fields across the nation. This move highlights ADNOC's commitment to diversifying its global operations and tapping into the burgeoning U.S. energy market.

UAE's ADNOC Sets Ambitious Goals for Chemical Expansion Following Groundbreaking OMV Agreement

3 months ago

The Abu Dhabi National Oil Company (ADNOC) is intensifying its focus on chemical production following its significant acquisition of OMV AG's stake in the chemical sector. This strategic move is poised to bolster ADNOC's position in the global chemicals market as the company aims to capitalize on the growing demand for petrochemicals across various industries.

OMV and ADNOC Join Forces to Create a $60 Billion Chemicals Powerhouse

3 months ago

In a monumental step within the global petrochemicals sector, Austrian oil and gas company OMV and the Abu Dhabi National Oil Company (ADNOC) have finalized an agreement to form a joint venture aimed at establishing one of the world's largest chemical enterprises, with an anticipated valuation of around $60 billion. This transformative deal seeks to leverage both companies' extensive capabilities and resources to create a robust entity that will significantly enhance their positions in a rapidly evolving energy market.

UAE’s ADNOC Sets Sights on Nova Chemicals in Strategic Acquisition

4 months ago

The Abu Dhabi National Oil Company (ADNOC) has set ambitious plans to expand its global footprint by pursuing a significant acquisition of Nova Chemicals, a major player in the North American plastics sector. This move is seen as a strategic alignment with ADNOC's broader goals of diversifying its business portfolio and tapping into new markets, especially in sustainable materials.