Keyword: Abu Dhabi National Oil Company (ADNOC)

News

ADNOC Launches $80 Billion Investment Vehicle XRG

29.11.2024 -

Abu Dhabi National Oil Company (ADNOC) has launched XRG, an international lower-carbon energy and chemicals investment company, with an enterprise value of over $80...

News

ADNOC Acquires Stake in ExxonMobils’s Texas Hydrogen Plant

05.09.2024 -

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 35% equity stake in ExxonMobil’s proposed low-carbon hydrogen and ammonia production facility in Baytown...

News

Borouge, ADNOC, Borealis and Wanhua Chemical Explore China Polyolefins Project

24.07.2024 -

Borouge, in a consortium with ADNOC and Borealis, and China’s Wanhua Chemical, together with Wanrong New Materials, a subsidiary controlled by Wanhua, signed a project...

News

Covestro and ADNOC Enter into Takeover Negotiations

25.06.2024 -

On the basis of the open-ended discussions held to date with Abu Dhabi National Oil Company (ADNOC), the board of management of Covestro decided today, after consultation...

News

ADNOC Completes Acquisition of 24.9% Stake in OMV

04.03.2024 -

Abu Dhabi National Oil Company (ADNOC) has completed the acquisition of a 24.9% stake in Austrian energy group OMV from Mubadala, the sovereign wealth fund of the United...

News

ADNOC Increases Bid to €11.3 Billion for Covestro

22.12.2023 -

ADNOC plans to increase its bid for German chemical company Covestro, aiming to diversify its portfolio beyond oil and gas

News

ADNOC to Acquire OCI’s Stake in Fertiglobe for $3.6 Billion

18.12.2023 -

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire OCI Global's entire majority stake in fertilizer producer Fertiglobe for $3.62 billion. Fertiglobe is a joint...

News

Covestro Agrees to Negotiations with ADNOC

11.09.2023 -

Following reports at the end of June that Abu Dhabi National Oil Company (ADNOC) was looking for takeover targets in Europe and was showing strong interest in Covestro in...