Adnoc

Energy, Oil & Gas

XRG chemicals portfolio delivers resilient Q2 earnings

Sun, 09 Aug 2026

XRG, Adnoc’s international investment arm, reported resilient Q2 2026 chemicals earnings, led by Borouge International’s $1.8 billion adjusted EBITDA, underscoring the value of diversification, scale and global market exposure.

Energy, Oil & Gas

ADNOC, SLB deploy AI platform across 120 drilling rigs

Wed, 05 Aug 2026

ADNOC, in collaboration with SLB, has deployed its artificial intelligence (AI)-enabled Real-Time Operations Centre (RTOC) platform across its fleet of more than 120 rigs, providing teams with a faster and more connected way to monitor, analyse and manage drilling operations across its onshore and offshore assets.

Construction & Real Estate Energy, Oil & Gas

McDermott secures EPCI contract for Adnoc’s Umm Shaif development

Wed, 26 Aug 2026

McDermott has secured a mega engineering, procurement, construction and installation (EPCI) contract from Adnoc for Package 4 of the Umm Shaif Integrated Gas Cap and Surface Pressure Boosting Project.

Energy, Oil & Gas

Adnoc drills 6,428 feet in 24 hours, raising well delivery benchmark

Sun, 02 Aug 2026

Adnoc has established a new well delivery performance standard, drilling well sections of more than one mile in length within a single day in some of the UAE’s most complex carbonate formations, including 6,428 feet completed in 24 hours.

Energy, Oil & Gas

Adnoc updates crude pricing methodology

Sun, 02 Aug 2026

Abu Dhabi National Oil Company (Adnoc) has announced changes to the Official Selling Price (OSP) methodology for its Abu Dhabi crude grades following a routine commercial review. The new pricing mechanism will take effect on November 1, 2026.

Energy, Oil & Gas

Hormuz traffic grinds towards standstill after attacks

Mon, 17 Aug 2026

Shipping through the Strait of Hormuz slowed to a near standstill over the weekend following attacks on tankers, underscoring the growing risks to one of the world's most important energy routes, even as oil prices remained relatively steady amid the lack of progress in US-Iran peace talks.

Energy, Oil & Gas

Adnoc’s XRG secures stake in Venezuela’s Loran gas licence

Sat, 15 Aug 2026

XRG, the international energy investment company of Abu Dhabi National Oil Company (Adnoc), has entered Venezuela through the award of the offshore Loran licence and the transfer of an interest from PDVSA Gas, expanding its gas and LNG footprint in Latin America.

Energy, Oil & Gas

ADNOC vessels attacked in Hormuz, US threatens 'unprecedented' Iran sanctions

Fri, 14 Aug 2026

Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday, adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran.

Energy, Oil & Gas Industry, Logistics & Shipping

Adnoc L&S revenue jumps 98pc to $2.58bn in record Q2, guidance raised

Tue, 11 Aug 2026

Adnoc Logistics and Services (Adnoc L&S) posted record 2026 results, with second-quarter revenue surging 98 per cent to $2.584 billon, EBITDA jumping 176 per cent to $1.106 billon and net profit rising 303 per cent to $951 millon.

Construction & Real Estate Energy, Oil & Gas Industry, Logistics & Shipping

Técnicas Reunidas wins $5.75bn ADNOC mega project contracts

Sat, 01 Aug 2026

Spanish engineering company Técnicas Reunidas has announced that it has secured two major contracts worth a total of more than $5.75 billion from Abu Dhabi National Oil Company (ADNOC) to provide engineering, procurement, construction and installation services for its Upper Zakum megaproject.