Acquisitions and Divestitures News in United Arab Emirates
| 11/11/2024 - ADNOC Gas, a world-class integrated gas processing company, announced today it expects to acquire ADNOC’s 60% stake in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at cost.<... |
| 11/1/2024 - Tubacex Group, a global leader in advanced industrial solutions for the energy and mobility sectors, has announced the closing of its strategic alliance with Mubadala Investment Company, which has acq... |
| 9/26/2024 - PETRONAS Abu Dhabi Sdn Bhd (PETRONAS Abu Dhabi), a wholly-owned subsidiary of PETRONAS, was granted a new oil and gas exploration concession in Onshore Block 2, by the Supreme Council for Financial an... |
| 7/10/2024 - bp confirmed today that it intends to take a 10% interest in the planned Ruwais liquefied natural gas (LNG) project in Al Ruwais Industrial City in Abu Dhabi, subject to obtaining any necessary regula... |
| 7/10/2024 - TotalEnergies joins, with a 10% interest, the Ruwais LNG project alongside national company ADNOC (60%), Shell (10%), bp (10%) and Mitsui (10%). Launched by ADNOC in June 2024, Ruwais LNG i... |
| 7/10/2024 - Shell Overseas Holdings Limited, a subsidiary of Shell plc (Shell), has signed an agreement to invest in the Abu Dhabi National Oil Company’s (ADNOC) Ruwais liquefied natural gas (LNG) project in Abu ... |
| 7/10/2024 - His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has met with the heads of global energy companies to exchange vie... |
| 6/11/2024 - Wintershall Dea has signed an agreement with PTT Exploration and Production Public Company Limited (PTTEP) on the sale of its 10 per cent participating interest in Abu Dhabi’s Ghasha concession. All t... |
| 5/31/2024 - ADNOC announced today it has signed an agreement to award a 3% participating interest in the SARB and Umm Lulu offshore concession to SOCAR. This award builds on the strategic energy partnership betwe... |
| 4/3/2024 - Lunate, a global alternative investment manager, announced today that one of its funds has acquired a 40% stake in ADNOC Oil Pipelines LLC (“AOP”), a critical onshore and offshore midstream crude oil ... |
| 2/21/2024 - KEZAD Group, a subsidiary of AD Ports Group under the Economic Cities & Free Zones, and the largest operator of integrated and purpose-built economic zones in the UAE, is set to transfer the managemen... |
| 6/12/2023 - Oil and shipping group, Monjasa, acquires the oil and chemical tankers, Monjasa Thunder (19,991 dwt) and Monjasa Shipper (7,991 dwt) for bunkering and cargo operations across West Africa and in the Ar... |
| 3/1/2023 - TotalEnergies has signed an agreement with CEPSA to acquire CEPSA’s upstream assets in the United Arab Emirates with an effective date of January 1, 2023. The assets to be acquired are: - a... |
| 2/16/2023 - Uniper has reached an agreement to sell 100% of the shares in its United Arab Emirates-based crude oil processing and marine fuel trading business (Uniper Energy DMCC) to a consortium of Montfort Grou... |
| 11/21/2022 - Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and AirCarbon Exchange (ACX), the global exchange revolutionizing the voluntary carbon market based in Hub71, Abu Dhabi’s ... |
| 10/26/2022 - PTTEP further expands its investment in the United Arab Emirates (UAE) by acquiring 25% participating interest in the Sharjah Onshore Area A from Eni. The investment is PTTEP’s fifth project in the UA... |
| 10/21/2022 - SAFEEN Group’s offshore division, part of AD Ports Group, has announced the acquisition of a support vessel to enhance the Group’s subsea service capabilities. Built in 2014, the vessel wil... |
| 7/29/2022 - - Dubai-based Yellow Door Energy is the leading Middle East and Africa focused platform targeting more than 1GW of distributed solar and related energy solutions to C&I customers in the region -... |
| 7/28/2022 - Aldar Properties PJSC (“Aldar”) has signed an agreement with Mubadala Investment Company to acquire four prime Grade A commercial towers in Abu Dhabi Global Market (ADGM), the international financial ... |
| 6/30/2022 - Tristar Group, an energy logistics company, has purchased the Shell oil products storage facility terminal in Dubai's Jebel Ali Free Zone (JAFZA), according to a statement from Shell Markets (Middle E... |
