Acquisitions and Divestitures News in United Arab Emirates

Shell Completes Sale of Terminal in JAFZA to Tristar
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...
ADNOC L&S Acquires 3 Additional New-Build Vessels to Meet Growing Global Demand for LNG
6/2/2022 - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) and the region’s largest shipping and logistics company, announced today i...
Sapura Energy Sells Vessel for $71.5M
5/30/2022 - Sapura Energy Berhad, wishes to announce that its wholly-owned subsidiary Sapura 3000 Private Limited (“Sapura 3000 Pte. Ltd.”) has entered into a Memorandum of Agreement (“MOA”) with Safeen Feeder Co...
Air Liquide Divested Its Industrial Merchant Business in UAE & Bahrain
4/12/2022 - Air Liquide has announced the sale of its Industrial Merchant business in the United Arab Emirates and Bahrain to Air Products Group. This transaction includes Air Liquide Emirates for Industrial Gase...
PTTEP to Acquire Stake in Onshore Exploration Block in UAE
12/3/2021 - PTTEP is looking to further expand investment in the Sharjah Emirate of the United Arab Emirates (UAE) by acquiring 25% participating interest in the Concession Area C onshore the Emirate of Sharjah, ...
ADNOC Awards Offshore Block 5 to Pakistani Consortium for $304.7M
8/31/2021 - The Abu Dhabi National Oil Company (ADNOC) announced, the signing of a historic exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 5 to a consortium of fo...
Proserv Buys Dron & Dickson Abu Dhabi Business
6/15/2021 - Leading controls technology company Proserv Controls has announced the acquisition of the trade and assets of Dron & Dickson Electromechanical Contracting (DDEC) LLC, the Middle Eastern business of Dr...
Eni Awarded Onshore Block 7 in UAE's Ras Al Khaimah
4/19/2021 - Eni, through its subsidiary Eni RAK, has been awarded Block 7 located in the onshore of Ras Al Khaimah, United Arab Emirates. The Exploration and Production Sharing Agreement was signed between the Ch...
ADNOC Continues Strategic Expansion by Adding Two More VLCCs
4/13/2021 - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has announced the acquisition of two additional Very Large Crude Carriers (VL...
ADNOC L&S Expands Material Handling Services with Major Equipment Acquisition
3/1/2021 - ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has announced the acquisition of all of the UAE-based assets of Speedy Hire P...
ADNOC Awards Cosmo Block in Abu Dhabi’s Second Bid Round
2/10/2021 - The Abu Dhabi National Oil Company (ADNOC) has announced, the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Li...
Adnoc Awards Eni and PTTEP Consortium First Offshore Exploration Block 3
12/21/2020 - The Abu Dhabi National Oil Company (ADNOC) announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 3 to a consortium led by Eni Abu...
ADNOC Awards Occidental Block 5 in Abu Dhabi’s 2nd Bid Round
12/9/2020 - Abu Dhabi National Oil Company (ADNOC) announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental, a US-based internation...
ADNOC Transfers Major Offshore Concessions from CNPC to CNOOC
7/27/2020 - The Abu Dhabi National Oil Company (ADNOC) announced its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from the China National Petroleum Corporatio...
ADNOC Announces $20.7 Billion Energy Infrastructure Deal
7/15/2020 - The Abu Dhabi National Oil Company (ADNOC) has closed its $20.7 billion gas pipeline infrastructure investment deal with a global investor consortium comprising Global Infrastructure Partners, Brookfi...
TAQA Completes Transaction to Create One of the Largest Utility Companies in EMEA
7/1/2020 - Abu Dhabi National Energy Company (TAQA) announced the successful completion of its transaction with Abu Dhabi Power Corporation (ADPower), creating one of the largest utility companies in the Europe,...
ADNOC Announces $20.7B Energy Infrastructure Deal
ADNOC Announces $20.7B Energy Infrastructure Deal 6/23/2020 - The Abu Dhabi National Oil Company (ADNOC) announced that it has entered into an agreement with some of the world’s leading infrastructure investors and operators, sovereign wealth and pension funds. ...
LUKOIL Enters the Ghasha Project in the UAE
10/15/2019 - LUKOIL has acquired a 5 percent share in the Ghasha Concession Agreement from the Abu Dhabi National Oil Company (ADNOC). ...
ADNOC Awards Russia’s LUKOIL a Stake in the Ghasha Sour Gas Concession
ADNOC Awards Russia’s LUKOIL a Stake in the Ghasha Sour Gas Concession 10/15/2019 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company (LUKOIL) a five percent stake in the Ghasha ultra-sou...
Eni Signs Offshore Exploration & Production Sharing Agreement
Eni Signs Offshore Exploration & Production Sharing Agreement 4/18/2019 - Eni has signed an Exploration and Production Sharing Agreement covering Block A Offshore Ras Al Khaimah, as well as the relevant Joint Operating Agreement. The agreement was signed between Eni and Nis...

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