Crude Oil Prices

EC Conditionally Approves ADNOC’s $17-Billion Acquisition of Covestro

The European Commission has approved with conditions the $17-billion acquisition by Abu Dhabi National Oil Company (ADNOC) of Germany’s chemicals giant Covestro, the EU’s executive arm said on Friday, ...
Reuters

EU regulators set to pause subsidy probe into ADNOC's Covestro deal, source says

BRUSSELS, Sept 3 (Reuters) - EU antitrust regulators are set to pause their investigation into Abu Dhabi state oil giant ADNOC's 14.7-billion-euro ($17 billion) bid for German chemicals company ...
Crude Oil Prices

ADNOC Warns Gulf Oil Disruptions Could Last Until 2027

ADNOC CEO Sultan Al Jaber warned Gulf oil export disruptions could persist until at least mid-2027, challenging market assumptions of a quick normalization in Hormuz. Oil markets are dangerously ...
Reuters

UAE flips own script with $4 bln oil pipeline deal

LONDON, April 5 (Reuters Breakingviews) - Abu Dhabi is flipping the script. In recent years, the United Arab Emirates’ leading light has blazed a trail by offloading minority stakes in subsidiaries of ...
Rigzone

ADNOC Wins Another Long-Term LNG Deal with Indian Oil

Abu Dhabi National Oil Co. PJSC (ADNOC) said Wednesday it had signed an agreement to supply one million metric tons per annum (MMtpa) from the Ruwais LNG project to Indian Oil Corp. Ltd. Targeted to ...