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Acquisitions and Divestitures News in United Arab Emirates

ADNOC Awards INPEX Onshore Exploration Concession in Abu Dhabi’s Competitive Block Bid Round
3/17/2019 - The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding the exploration rights for Abu Dhabi Onshore Block 4 to Japan’s INPEX CORPORATION. A wholly-owned INPEX subsidiary, JODCO Explo...
Eni Enters in Signing Areas A, B and C Onshore Exploration Concessions
1/13/2019 - Eni has been awarded Areas A, B & C onshore Exploration Concession Agreements which were offered as part of the of the first International Competitive Exploration Licensing Round launched by Sharjah N...
Eni Acquires Majority Stake in 2 of Abu Dhabi’s Offshore Exploration Concessions
1/12/2019 - Eni signed today in Abu Dhabi two Concession Agreements for the acquisition of a 70% stake in the Offshore Block 1 and Offshore Block 2 exploration areas for a duration of 35 years, leading a consorti...
ADNOC Awards OMV 5% Stake in Ghasha Offshore Gas Concession
12/19/2018 - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have awarded Austria’s OMV a 5 percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nas...
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession
ADNOC Awards China ZhenHua Oil a 4% Interest in Its Onshore Concession 12/9/2018 - The Abu Dhabi National Oil Company (ADNOC) announced the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited (CEFC China), has been acquired by North Pet...
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall
ADNOC Awards 10% Stake in Mega Ghasha Gas Project to Wintershall 11/26/2018 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega project with a 10 per cent stake. The Ghasha Concession co...
ADNOC Signs Hail, Ghasha and Dalma Ultra-Sour Gas Concession with Eni
11/13/2018 - The Abu Dhabi government and the Abu Dhabi National Oil Company (ADNOC) have signed the first of a series of concession agreements with Italy’s multinational oil and gas company, ENI, awarding it a 25...
ADNOC Grants Total 40% Stake in Unconventional Gas Concession
ADNOC Grants Total 40% Stake in Unconventional Gas Concession 11/11/2018 - On behalf of the Abu Dhabi government, the Abu Dhabi National Oil Company (ADNOC) has signed an agreement with French oil and gas major Total, granting it a 40% stake in the Ruwais Diyab Unconventiona...
INPEX Appointed Asset Leader for Lower Zakum Offshore Concession
4/30/2018 - Inpex Corporation has been appointed as Asset Leader for the Lower Zakum Oil Field offshore Abu Dhabi in the United Arab Emirates (UAE) by the Abu Dhabi National Oil Company (ADNOC). INPEX, which rece...
OMV and ADNOC Sign New Offshore Concession Agreement
OMV and ADNOC Sign New Offshore Concession Agreement 4/29/2018 - His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His Excellency Sebastian Kurz, Austrian Federal Chancellor witness...
OMV in $1.5B Concessions Deals with Adnoc
4/5/2018 - OMV and Abu Dhabi National Oil Company (ADNOC) agreed that OMV will acquire a 20 percent interest in the concession for the offshore oil fields Satah Al Razboot (with the satellite fields Bin Nasher a...
ADNOC Awards PetroChina Stakes in Two Offshore Concessions
3/21/2018 - PetroChina Company Limited (“PetroChina”) has been awarded stakes in Abu Dhabi’s two offshore oilfield concessions following the signing of agreements with the Abu Dhabi National Oil Company (ADNOC).<...
Abu Dhabi Signs $1.45B Two Concession Agreements with Total
Abu Dhabi Signs $1.45B Two Concession Agreements with Total 3/18/2018 - Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC). In the fram...
Italy's Eni Wins Two Abu Dhabi Oil Concessions for $875M
Italy's Eni Wins Two Abu Dhabi Oil Concessions for $875M 3/11/2018 - Eni signed in Abu Dhabi two Concession Agreements for the acquisition of a 5% stake in the Lower Zakum offshore oil field and of a 10% stake in the oil, condensate and gas offshore fields of Umm Shaif...
Japan's Inpex Wins Abu Dhabi Offshore Oil Stake for $600 Million
2/26/2018 - INPEX has been awarded a 10% participating interest in the Lower Zakum concession offshore Abu Dhabi in the United Arab Emirates (UAE) by the Supreme Petroleum Council of the Emirate of Abu Dhabi (SPC...
ADNOC Signs New Offshore Concession Agreement with Cepsa
2/18/2018 - On behalf of the Abu Dhabi Government, the Abu Dhabi National Oil Company (ADNOC) signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20% stake in Abu Dhabi’s offsh...
ONGC-led Consortium Awarded 10% Stake in ADNOC's Lower Zakum Concession
2/10/2018 - ONGC Videsh led Indian Consortium has been awarded 10% Stake in Lower Zakum Concession, Offshore Abu Dhabi. The Concession award by the Supreme Petroleum Council (SPC), on behalf of the Abu Dhabi gove...
Polarcus Awarded 3D Marine Seismic Project in South America
1/11/2018 - Polarcus Limited has received a letter of award for the acquisition of a 3D marine seismic project in South America. The project will commence in Q1 2018 and has a scheduled duration of approximately ...
Indian Firms Eye Stake in Adnoc's Offshore Oil Concession
10/27/2017 - Indian oil firms are in talks with state-run Abu Dhabi National Oil Co (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said. ...
ADNOC to Decide on Japan Oil Concession Renewal by Early 2018
7/28/2017 - Abu Dhabi National Oil Co (ADNOC) expects to make a final decision on whether to renew Japanese firms' oil concessions in Abu Dhabi oilfields before year-end or very early next year, its top executive...

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