McDermott Wins $1bn-Plus EPCI Contract for ADNOC Gas Project
McDermott and its Qingdao consortium will build a surface pressure-boosting facility for ADNOC's Umm Shaif gas project under a contract the contractor classes as above $1bn.
Covert Hormuz Crossings Are Holding Global Oil Prices in Check
Middle Eastern producers are shuttling crude out of the Persian Gulf undetected and transferring it to tankers in the Gulf of Oman, keeping Brent between $80 and $90 through August.
UAE Suspends All Trade With Iran After Antiship Missile Strike
The United Arab Emirates has suspended all trade and financial transactions with Iran after two ballistic missiles targeting maritime navigation fell in and near its territorial waters.
ADNOC Vessel Struck In Hormuz As Houthi Drone Hits Saudi Refinery
An ADNOC-owned vessel was hit by a missile in the Strait of Hormuz early on Saturday and a Houthi drone struck Saudi Aramco's Jazan refinery a day later, widening the pressure on Gulf energy infrastructure.
ADNOC Overhauls Abu Dhabi Crude Pricing From November
From 1 November 2026 ADNOC will price its Abu Dhabi crude grades on a prompt-month Dubai-linked basis plus a differential, replacing a futures mechanism that set prices two months ahead of loading.
Larsen & Toubro wins ultra-mega offshore order from ADNOC
The offshore arm of Indian engineering group Larsen & Toubro has secured what the company classifies as an ultra-mega order from ADNOC Offshore, placing the award above 15,000 crore rupees, or roughly 1.7 billion dollars.
ADNOC shipping arm orders four more LNG carriers in China
ADNOC Logistics and Services has ordered four next-generation LNG carriers worth about $900m, extending one of the sector's largest newbuilding programmes.
ADNOC L&S adds four LNG carriers in $900m China deal
ADNOC Logistics & Services has ordered four more LNG carriers at China's Jiangnan Shipyard in a $900m deal, lifting its LNG newbuild programme to 18 vessels.
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