ADNOC Archives - Oil & Gas 360

ADNOC issues statement clarifying attacks on facilities

August 7, 2026

(World Oil) – ADNOC released the following statement Friday addressing the impact of recent attacks on its vessels and operations amid continued disruption in the Strait of Hormuz: “ADNOC remains firmly focused on meeting customer requirements despite an exceptionally challenging environment. We continue to be significantly impacted by unprovoked attacks on our people and our assets. Since the beginning of the

How the UAE has kept its oil flowing through Hormuz

August 6, 2026

(Oil Price) – The United Arab Emirates has managed to boost its oil exports to pre-crisis levels as early as June, as it has kept pushing crude through the Strait of Hormuz and outside it. The UAE, which left OPEC on May 1, has found workarounds to the blockage at the Strait of Hormuz. It has been shuttling crude through

ADNOC approves $6.2-billion FID for Umm Shaif Gas Cap development offshore UAE

July 21, 2026

(World Oil) – ADNOC has approved a $6.2 billion (AED22.6 billion) final investment decision (FID) for the Umm Shaif Gas Cap development offshore Abu Dhabi, advancing a major natural gas project expected to deliver more than 600 MMscfd of natural gas and associated gas liquids by 2030. The project, located within the Umm Shaif and Nasr offshore concession, will be developed by ADNOC Offshore, which holds a

ADNOC orders $900 million in new LNG carriers to expand global fleet

July 10, 2026

(Oil Price) – ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC Logistics and Services on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately

ADNOC considers new crude pricing system tied to Dubai benchmark

June 30, 2026

(World Oil) – The UAE’s biggest oil company is proposing a new pricing methodology for the sale of crude supplies to term customers, said people with direct knowledge of the matter, opting for an approach that’s more aligned with wider regional trading norms. Abu Dhabi National Oil Co.’s crude-marketing team has spoken with refiners and traders about the changes and traveled

TotalEnergies joins ADNOC-led Bab Gas Cap project in UAE

June 25, 2026

(World Oil) – TotalEnergies has signed an agreement to acquire a 10% interest in the Bab Gas Cap concession in Abu Dhabi, joining ADNOC and a group of international partners in the development of one of the UAE’s major gas growth projects. The concession is operated by ADNOC Onshore, which holds a 60% interest. Other partners include bp, CNPC, JODCO/INPEX, ZhenHua and GS Energy. The

ADNOC to double Hormuz-bypass export capacity with new pipeline in 2027

May 15, 2026

Oil Price – The Abu Dhabi national oil company ADNOC plans to have a new pipeline operational in 2027 that would double its oil export capacity through Fujairah, which sits outside the Strait of Hormuz. ADNOC plans to build a new project, the West-East 1 Pipeline, which is expected to become operational next year and double the UAE’s energy giant’s export

ADNOC gas targets 80% Habshan recovery by end-2026

May 12, 2026

(Oil Price) – The processing capacity of the Habshan facilities, the biggest gas processing site in the United Arab Emirates, is expected to be restored to 80% by the end of 2026, after damage from the Iran war, ADNOC Gas said on Tuesday. The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated by ADNOC

ADNOC to award $55 billion in projects as UAE pushes oil growth strategy

May 4, 2026

(World Oil) – Abu Dhabi National Oil Company (ADNOC) has outlined plans to award up to $55 billion in projects between 2026 and 2028, signaling an acceleration of upstream and broader energy investment as the UAE charts its path following its exit from OPEC. The planned awards form part of ADNOC’s existing five-year capital expenditure program and mark what the company described as

Energy markets whipsaw on war and talks: by Oil & Gas 360

March 23, 2026

(By Oil & Gas 360) – Global energy markets are sending mixed signals as war-driven disruptions collide with sudden diplomatic momentum, leaving oil and gas prices caught between physical shortages and shifting expectations. LNG supply has taken a direct hit. Export volumes have fallen to multi-month lows as conflict in the Middle East disrupts flows through the Strait of Hormuz,

ADNOC CEO calls Hormuz disruption “economic terrorism” threatening global energy supply

March 23, 2026

(World Oil) – ADNOC CEO Sultan Al Jaber warned that disruption of the Strait of Hormuz represents a direct threat to global energy security, describing attempts to block the vital waterway as “economic terrorism” with far-reaching consequences for oil and gas markets. Speaking at CERAWeek by S&P Global in Houston, Al Jaber emphasized the strategic importance of Hormuz, through which roughly 20% of

Oil and gas to fuel the 500% surge in data center power demand

January 13, 2026

(Oil Price) – Hydrocarbons are set to meet about three-quarters of the expected 500% surge in power demand from data centers, as the AI boom and global economic growth push energy demand “accelerating across every dimension,” Sultan Al Jaber, ADNOC chief executive, said on Tuesday. The surge in AI use and the data centers to handle the technologies are set to

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