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Tag Archives: ADNOC

Adnoc decision ensures UAE’s ability to diversify economy

The decision of the Abu Dhabi National Oil Company to both expand and possibly offer an IPO on minority stakes in some of its service sectors is a move that will boost the country’s economy and help ensure access to the world’s fastest growing markets. Such a move was inevitable as the Shale Revolution and resulting falling oil prices have …

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ADNOC and Masdar Launch the Middle East’s First Joint Venture to Develop Commercial-Scale Carbon Capture, Usage and Storage Projects

AED 450 million contract awarded to build CO2 compression facility and 50 km pipeline for Emirates Steel (ESI) CCUS project Abu Dhabi National Oil Company (ADNOC) and Masdar today signed a joint venture agreement – the Middle East’s first company focused on exploring and developing commercial-scale projects for carbon capture, usage and storage (CCUS). ADNOC and Masdar jointly awarded a …

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