Abu Dhabi National Oil Company (ADNOC) is expanding its global presence by acquiring stakes in energy projects in the United States and Mozambique. In the U.S., ADNOC secured an 11.7% stake in NextDecade's Rio Grande LNG project with a 20-year LNG offtake agreement. Additionally, ADNOC will buy 1.9 million tons/year of LNG from Rio Grande Train 4. In Mozambique, ADNOC invested in the Area 4 concession in the Rovuma project, acquiring a 10% stake. The company also plans to sell about 5.5% of shares of its drilling unit through an additional offering to investors.
ADNOC to sell about 5.5% additional stake in drilling unit https://t.co/318mZ4xYlC https://t.co/q8EDBaeRtu
#UAE's ADNOC to sell 5.5% of ADNOC Drilling in bookbuild offering #oott https://t.co/9O0f1eqz3V
Adnoc to Sell 5.5% Stake in Drilling Unit to Investors #oott https://t.co/CqxFoWEg0D
The UAE’s biggest oil company plans to sell about 5.5% of shares of its drilling unit in an additional offering to investors in the country and overseas https://t.co/gr5RZ82Sfn
ADNOC been on a buying spree> ADNOC makes first foray into Mozambique with 10% stake in GALP concession Abu Dhabi National Oil Company (ADNOC) has acquired a 10% stake in Galp's Area 4 concession in the multi-billion-dollar natural gas project in the Rovuma basin in Mozambique,…
UAE’s Adnoc to Buy Galp’s Stake in #Mozambique LNG Project Galp to receive $650m now, $500m in contingent payments Adnoc to get share of potential 25m tons a year LNG capacity https://t.co/DGPhAgfrHC
ADNOC makes first foray into Mozambique with 10% stake in GALP concession https://t.co/2XKUzwdY5v https://t.co/U5wuCsEEoV
ADNOC makes first foray into #Mozambique with 10% stake in GALP concession #oott https://t.co/hjIQcSuDJT
ADNOC announced today the acquisition of Galp’s 10% interest in the Area 4 concession of the Rovuma basin in Mozambique. #LNG #Adnoc #AbuDhabi
The UAE’s main oil company bought a 10% stake in a natural gas project in Mozambique that will also give it a share of liquefied fuel production https://t.co/vTqYyudxwL
Adnoc invests in another LNG project, further betting that gas demand will continue rapidly growing 🇦🇪❤️🚢 🇲🇿 Adnoc announced that it will take a 10% stake in the Area 4 concession in the Rovuma project in Mozambique 👀 The move comes days after Adnoc invested in a US project https://t.co/YY0QseZdEq
Exxon, Shell Are Said to Weigh Bids for Galp #Namibia Stake Total, Equinor are also eyeing 40% stake in Mopane oil field Whole asset could be worth $20 billion based on oil estimates #oott https://t.co/IvItl1oJdJ
In its first deal in the U.S., ADNOC buys a stake in NextDecade's LNG gas project in Texas. This reflects the growing global ambitions of Middle Eastern energy giants. https://t.co/yrabdjZzIR
Adnoc makes its first investment in a US LNG export project Adnoc will take a 11.7% stake in Next Decade's Rio Grande Phase 1 (Trains 1-3) in Texas Adnoc will also buy 1.9 million tons/year of LNG from Rio Grande Train 4 This is another bet on future gas demand @SStapczynski
ADNOC buys stake in NextDecade's Rio Grande LNG, inks supply deal https://t.co/y6odSm7LE2
#UAE’s Adnoc to Buy Stake in NextDecade’s LNG Project in US https://t.co/AijKeLUupa
The UAE’s main oil company will buy a stake in NextDecade's LNG project in Texas https://t.co/KKhBSCL6Gw
Adnoc makes its first investment in a US LNG export project 🇦🇪🤝🇺🇸 💰 Adnoc will take a 11.7% stake in Next Decade's Rio Grande Phase 1 (Trains 1-3) in Texas 🚢Adnoc will also buy 1.9 million tons/year of LNG from Rio Grande Train 4 👀 This is another bet on future gas demand https://t.co/mMdSKXopGa
*ADNOC BUYS EQUITY STAKE IN US LNG PROJECT
Abu Dhabi National Oil Company (ADNOC) successfully secures an 11.7% stake in NextDecade's Rio Grande LNG project. The deal also includes a 20-year LNG offtake agreement. #ADNOC #NextDecade #LNG $NEXT
Abu Dhabi National Oil Company (ADNOC) reportedly plans to set up a trading desk in the United States as part of the UAE state-backed energy firm’s global expansion, @jackvdutton reports https://t.co/UfEmNSpwzV