Abu Dhabi National Oil Company News

The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has taken delivery of ADNOC MD 01, the first in a series of two new dive support vessels.The aluminum catamaran was designed by Canadian naval architects Robert Allan Ltd. and built by Grandweld Shipyards in Dubai for local diving operations in the UAE.ADNOC MD 01 and its to-be-delivered sister vessel were designed and constructed to the following notation: BUREAU VERITAS 1 ✠ HULL • MACH, SPECIAL SERVICE, FAST DIVING SUPPORT…

United Arab Emirates' ADNOC Logistics & Services (ADNOC L&S) has expanded its fleet with the deployment of five new-build Very Large Gas Carriers (VLGC), state news agency WAM reported on Thursday.The carriers of the shipping and maritime logistics arm of state oil giant Abu Dhabi National Oil Company each have a capacity of 86,000 cubic metres. The carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group (Wanhua), WAM added.

German utility RWE's trading arm received its first cargo of liquefied natural gas (LNG) at Brunsbuettel port from Abu Dhabi National Oil Company (ADNOC) on Wednesday, saying the gas will be fed into to onshore pipelines from the end of this month.The cargo was delivered on the vessel ISH to the floating LNG terminal "Hoegh Gannet" at Brunsbuettel. The terminal was chartered by RWE on behalf of the German government as part of efforts to ensure supply after Russia cut exports.Germany…

U.K.-based Silverstream Technologies announced it has secured an order to supply its air lubrication system for a series of six new liquefied natural gas (LNG) carriers being built for Abu Dhabi National Oil Company (ADNOC) by China's CSSC Jiangnan Shipyard Group Co. Ltd.Scheduled for delivery in 2025 and 2026, the six new 175,000-cubic-meter-capacity (CBM) vessels will be the first LNG carriers built at Jiangnan Shipyard and among the first Chinese-built LNG carriers fitted with…

Dutch energy company VTTI said on Monday it plans to build a new floating liquefied natural gas (LNG) terminal in the Netherlands with capacity to import 5 billion cubic meters of gas annually. On Friday the Dutch government said it was in talks with two different groups over new LNG terminals to increase Dutch import capacity by 5-8 billion cubic meters (bcm) annually as it seeks to ensure the country's energy security. Rotterdam-based VTTI said in a statement it was "striving"…

China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers - won nearly 30% of this year's record orders for 163 new gas carriers, claiming ground in a sector where South Korea usually captures most of the business.

Thordon Bearings said Monday that its water-lubricated elastomeric polymer bearings have been  installed to well pumps aboard an undisclosed offshore oil platform operated by Abu Dhabi National Oil Company (ADNOC).Five KSB three-stage mixed flow impeller-type pumps were each retrofitted  with Thordon pump bearings - 13 SXL intermediate bearings, four Composite bearings and a single SXL throttle bearing -  replacing the  original silicon carbide bushes, the company said.Dubai-based engineering firm Ocean Power International (OPI)…

German utility RWE has signed a deal with Abu Dhabi National Oil Company (ADNOC) to deliver liquefied natural gas to Europe's largest economy by the end of December, RWE announced on Sunday.Though the initial amount to be delivered is relatively small, it's a politically significant deal to shore up supplies of gas from outside of Russia as Chancellor Olaf Scholz seeks to deepen ties with the Gulf and find alternative energy sources.The deal, which includes a memorandum of understanding for multi-year supplies of LNG…

At least four supertankers are waiting to load Murban crude off Fujairah in the United Arab Emirates a week after floods shut operations at the oil hub, according to trade sources and shipping data on Refinitiv Eikon.Last Thursday, the Abu Dhabi National Oil Company (ADNOC) said it had shut down its operations at Fujairah terminal due to "exceptional rainfall".The company had said it would divert Fujairah terminal oil lifting to the Jebel Dhanna terminal which can handle Murban shipments.However, supertankers are still waiting off Fujairah and it remains unclear when loading will resume, according to the sources and Refinitiv data.Two…

The shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC) is acquiring Zakher Marine International (ZMI), adding 24 jack-up barges and 38 offshore support vessels to its fleet. ZMI is an Abu Dhabi-based owner and operator of offshore support vessels, with what ADNOC says is the world’s largest fleet of self-propelled jack-up barges. On completion of the transaction, which is subject to customary regulatory approvals, ADNOC Logistics & Services (ADNOC L&S) total fleet will amount to more than 300 units.With the acquisition of ZMI…

ADNOC Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has ordered two newbuild 175,000 cubic meter LNG carriers that will join its fleet in 2025. "The new LNG vessels will be crucial enablers of ADNOC’s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its liquefied natural gas (LNG) production capacity. They will be built at the Jiangnan Shipyard in China," ADNOC L&S said.Captain Abdulkareem Al Masabi…

Prysmian Group entered into a Limited Notice to Proceed (LNTP) for the supply of power cables in the context of a landmark  HVDC submarine cable project in the Middle East, worth around $252m. The LNTP was awarded to Prysmian by Samsung C&T as part of its EPC consortium with Jan De Nul Group. The new link, part of the strategic HVDC transmission system for the Abu Dhabi National Oil Company (ADNOC) Abu Dhabi National Energy Company PJSC (TAQA) Lightning Project, will allow bulk-power energy transmission between the converter station in Al Mirfa…

State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.ADNOC Logistics & Services (ADNOC L&S) has been selected for a potential float in Abu Dhabi in 2022, said the sources, declining to be named as the matter is not public.A deal could follow after testing investor appetite and market conditions, they said.ADNOC declined to comment when contacted by Reuters on Sunday.Gulf oil producers are looking at sales of stakes in energy assets…

ADNOC Logistics & Services has acquired six line boats to provide critical marine services across petroleum ports in Abu Dhabi. The company, the shipping and maritime logistics branch of the Abu Dhabi National Oil Company (ADNOC), said all the vessels are of the Damen Stan Tug 1606 type and were contracted directly from Sharjah-based Albwardy Damen.The steel-hulled, twin-screw vessels are powered by two Caterpillar engines providing nearly 16 tonnes of bollard pull. "With their proven design…

Maersk Tankers announced it has sold six Long-Range 2 (LR2) product tankers in an en-bloc transaction.All six of the vessels were or will be built at Dalian shipyard in China, including one in 2020 and the remaining five in 2021, Maersk Tankers said.Maersk Tankers did not reveal the name of the buyer, though it is rumored to be ADNOC Logistics & Services, the shipping and maritime logistics branch of Abu Dhabi National Oil Company (ADNOC), which is currently in the midst of a fleet expansion program.Claus Gronborg…

Abu Dhabi-based ADNOC Logistics & Services, the shipping and maritime logistics branch of Abu Dhabi National Oil Company (ADNOC), has ordered two additional Very Large Crude Carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight.ADNOC L&S said Tuesday that the VLCC fleet expansion played a significant role in supporting ICE Murban Futures, which is expected to boost trading of the UAE’s flagship Murban crude oil, enabling it to reach new customers and markets around the globe.

Abu Dhabi National Oil Company (ADNOC) revealed Thursday that its shipping arm ADNOC Logistics & Services (ADNOC L&S) has added six very large crude carriers (VLCC) to its fleet as the UAE sate energy company expands production and moves further into trading.Two of the tankers were purchased from Norwegian owner Hunter Group in 2020, delivered in December and are already operating, and one was purchased this week and will be joining the UAE shipowner's fleet shortly. The other three ships (plus options) are newbuilds scheduled for delivery from South Korea's Daewoo Shipbuilding & Marine Engineering in 2022 and 2023."Given recent market conditions, we were able to purchase both existing and newbuild vessels at competitive prices," said Capt. Abdulkareem Al Masabi, CEO, ADNOC L&S.

Seabed Geosolutions, the provider of comprehensive ocean bottom seismic (OBS) solutions to the global oil and gas industry, has signed a contract to sell the entirety of its shallow water ocean bottom cable (OBC) recording equipment.The joint venture between Fugro and CGG said that the equipment was used on a recently completed project for Abu Dhabi National Oil Company in the United Arab Emirates. The sale fetched around  US$ 10 million.Stephan Midenet, CEO of Seabed Geosolutions said: "The sale of our last cable-based system completes the transformation of Seabed Geosolutions into a pure ocean bottom node (OBN) company."He added: "We are now largely focused around our Manta suite of technologies…

With a goal of creating more artificial intelligence (AI) led solutions for the oil and gas sector, Abu Dhabi National Oil Company (ADNOC)  has signed a deal with compatriot technology company Group 42 (G42) to create a new joint venture.The JV will be tasked with developing and commercializing market-leading AI products for the energy sector.The agreement was signed at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) by Omar Suwaina Al Suwaidi, Director, Executive Office Directorate, ADNOC, and Peng Xiao, CEO of G42. The signing of the agreement was witnessed by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO.Dr Al Jaber said: “As we prepare for the opportunities and challenges the 4th industrial age will present…

The state oil giant Abu Dhabi National Oil Company (ADNOC) signed agreements with BP and Total to book the majority of its liquefied natural gas (LNG) production up to the first quarter of 2022.With the transactions, ADNOC LNG has continued to expand its footprint into new regions and markets, said a press release.“With these new supply agreements, ADNOC LNG has shown that it can react quickly and decisively to changing market conditions while ensuring the security and quality of delivery,’’ said ADNOC LNG CEO, Fatema Al Nuaimi. “With the support of our shareholders, we have maximized access to new markets with strong LNG growth potential”“We…

Egyptian General Petroleum Corporation (EGPC) led globally among companies in the third quarter (Q3) 2019 in terms of the highest number of oil and gas discoveries, said GlobalData.Of the total 38 discoveries made worldwide, EGPC had four, all being onshore discoveries. Of these, three were conventional oil discoveries while the remaining was a conventional gas discovery, said a report from GlobalData.Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, explained: “Of the three conventional oil discoveries made by EGPC in Q3 2019, two are in the Western Desert Basin and the remaining is in the Gulf of Suez Basin. This lone conventional gas discovery was made in the Nile Delta Basin.”“Aker BP…

India and Saudi Arabia have decided to expand its ‘energy relationship’ into next phase to include Saudi partnership in building additional crude oil storage reserves in India, a new refinery on the west coast of India and investment in retail sector in petroleum.Saudi Arabia is its second-biggest supplier of crude oil after Iraq. It sold 40.33 million tonnes of crude oil to India in 2018-19 fiscal, when the country had imported 207.3 million tonnes of oil.India imports around 18 per cent of its crude oil from the Kingdom, making it the second-largest source of crude oil for the country, Indian Prime Minister Narendra Modi said.PM Modi…

Over recent years the United Arab Emirates has emerged as an important maritime hub with grand ambitions. Mark Venables visited the region to discover what is driving that growth.When the UAE was elected to the IMO Council as a Category B member, it immediately raised its profile within the maritime community. The Emirates have taken a significant step forward in the maritime world.Despite this success, the region remains a challenging market for shipping and logistics. One of…