Abu Dhabi National Oil Company (Adnoc) agreed on Tuesday to a €14.7 billion agreement to buy Covestro. The deal, one of Europe's largest takeovers in 2024, will see Adnoc pay €62 per share and inject €1.17 billion into Covestro."As a global leader and industrial pioneer in chemicals, Covestro brings...
Covestro AG and the Abu Dhabi National Oil Company (ADNOC) are close to striking a $13 billion acquisition agreement, The Wall Street Journal reported on Monday citing sources with knowledge of the matter.According to the sources, the deal could be announced sometime this week, should...
The Abu Dhabi Media Office announced Wednesday that oil companies BP Plc, Shell Plc, and TotalEnergies SE, along with trading firm Mitsui & Co. formally signed an agreement in which each of them will be awarded 10% of equity stakes of the state-owned ADNOC project for liquefied natural gas...
The Abu Dhabi National Oil Company (ADNOC) announced on Wednesday that it will start oil production from the Belbazem offshore block and that it is expected to "gradually" increase its capacity from 45,000 barrels per day (bpd) of light crude and 27 million standard cubic feet per day of associated...
The merger deal between the Abu Dhabi National Oil Company (ADNOC) and OMV has stalled, the Financial Times reported on Friday. People familiar with the matter claimed that "the negotiations have cooled to allow both sides to navigate a series of disagreements."
One of the issues is a deal...
BP plc and the Abu Dhabi National Oil Company (ADNOC) announced on Wednesday that they are forming a joint venture for gas exploration in Egypt. The incorporated joint venture is expected to be established during the second half of 2024, with BP owning 51% and ADNOC 49%.
The companies...
The Abu Dhabi National Oil Company, also known as ADNOC, signed a 15-year-long agreement on the supply of liquefied natural gas with China's ENN Natural Gas Co. Ltd. subsidiary in Singapore on Wednesday.
The state-owned oil giant will commit to delivering at least 1 million metric tons per...
Covestro AG confirmed on Friday that the company will begin "open-ended discussions" with the Abu Dhabi National Oil Company (ADNOC).
"The interest of Adnoc in our company underlines our strong position as one of the world's leading manufacturers of high-quality polymer materials and as...
TotalEnergies SE announced on Friday in a statement that the company and its partner, the State Oil Company of the Republic of Azerbaijan (SOCAR), will each be selling 15% of its shares in the Absheron gas field to the Abu Dhabi National Oil Company (ADNOC).
TotalEnergies and SOCAR, which...
Abu Dhabi National Oil Co. (ADNOC) confirmed on Wednesday its intention to purchase a 24.9% stake in Austrian gas and oil company OMV from Mubadala Investment Co., estimated at about $4.1 billion.
ADNOC Managing Director and Group CEO Sultan Al Jaber said that the deal built “strong...
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