Acquisitions and Divestitures News in United Arab Emirates

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...
Abu Dhabi Awards China's CEFC 4 pct of Oil Concession for $900 mln
2/20/2017 - Abu Dhabi awarded a 4 percent stake in its giant onshore oil concession to CEFC China Energy Co for a fee of 3.3 billion dirhams ($900 million), state-owned Abu Dhabi National Oil Co (ADNOC) said. ...
ADNOC Awards CNPC Stake in ADCO Onshore Concession
2/19/2017 - Abu Dhabi National Oil Company (ADNOC), signed an agreement with the China National Petroleum Corporation (CNPC), awarding it an 8% interest in Abu Dhabi’s onshore oil concession. CNPC contributed a s...
Japan's Inpex to Extend Holding in Abu Dhabi Oilfields
1/16/2017 - Inpex Corporation (INPEX) has agreed in principle with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu ...
Mubadala to Hold Abu Dhabi's 2% Stake in BP
12/19/2016 - The 2 percent stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO) will be controlled by Mubadala Development Co, its spokesman was quot...
China's CEFC in Talks for Stake at Abu Dhabi Oil Concessions
12/19/2016 - Privately-run CEFC China Energy is in advanced talks to secure a stake to develop onshore oilfields in the United Arab Emirates under a 40-year deal, two industry sources with knowledge of the discuss...
BP Awarded 10% Interest in ADCO Onshore Concession
12/17/2016 - BP signed an agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) that grants BP a 10% interest in Abu Dhabi’s ADCO onshore oil conce...
SSE to Sell $755M Stake in Scotia Gas to Abu Dhabi
10/17/2016 - SSE plc has entered into an agreement to sell a 16.7% equity stake in Scotia Gas Networks Limited (‘SGN’) to wholly owned subsidiaries of the Abu Dhabi Investment Authority (ADIA), for a headline cons...
Abu Dhabi's Adnoc ‘Open’ to More Partners at Onshore Oil Fields
3/29/2016 - Abu Dhabi National Oil Co. is willing to accept additional partners at its main onshore fields, a senior company official said, almost a year after awarding less than half the production rights it off...
Shell Exits Development of Bab Sour Gas Reservoirs
1/18/2016 - Following a careful and thorough evaluation of technical challenges and costs, Shell has decided to exit the joint development of the Bab sour gas reservoirs with ADNOC in the emirate of Abu Dhabi, an...
ENOC to Acquire Remaining Dragon Oil Shares
8/21/2015 - On 1 July 2015, the document containing (among other things) the full terms of and conditions to the Offer and the procedures for acceptance (the "Offer Document") was posted by ENOC to Dragon Oil Sha...
GS Energy to Develop Abu Dhabi’s Oil Fields
5/14/2015 - Abu Dhabi, with 6 percent of global crude reserves, selected GS Energy Corp. of South Korea to join Japan’s Inpex Corp. as the second Asian partner in the Persian Gulf emirate’s biggest onshore oil co...
Inpex Joins Total in Developing Abu Dhabi’s Oil Fields
4/27/2015 - INPEX CORPORATION (INPEX) has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of t...
Total Awarded 10% in the New 40-Year ADCO Concession
1/29/2015 - Total has signed a new 40-year onshore concession agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC), granti...
Disposal of Litwin Service Business
12/2/2014 - Lamprell, a leading provider of fabrication, engineering and contracting services to the onshore and offshore energy industry, announces that it has entered into an agreement for the sale of one of it...
UAE Asks Oilfield Bidders for 2-Month Offer Extension
10/14/2014 - The United Arab Emirates has asked bidders for its biggest onshore oilfields to extend their offers by two months until Dec. 31, sources familiar with the matter said, as the country considers bringin...
Petrochem Makes Open Offer to Shareholders of Sah Ltd.
10/8/2014 - Gulf Petrochem Group has announced that it has made an open offer to acquire 26% of Sah Petroleums Ltd, a leading manufacturer of industrial and automotive oil lubricants in India, from its public sha...
UAE Grants China Right to Develop Abu Dhabi Oil Fields
4/29/2014 - The Abu Dhabi National Oil Company (ADNOC) has formed a joint venture with China National Petroleum Corporation (CNPC) to develop the Gulf emirate's oil reserves, state news agency WAM said. ...
UAE Energy Minister Hopes Western Partners Keep Oilfields Role
4/11/2014 - The energy minister of the United Arab Emirates said he hoped Western oil companies historically in charge of Abu Dhabi's biggest oilfields would keep a role, but that no one was assured of keeping th...
Occidental Middle East Asset Sale Delayed
3/25/2014 - Occidental Petroleum Corp is facing delays in its efforts to sell its stake in its Middle East business due to regional disputes over the Muslim Brotherhood, according to Bloomberg. ...

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