Page 20 - Adnoc News Today

BP Plc and Abu Dhabi National Oil Co. will form a joint venture focused on natural gas and have made a non-binding offer to take Israel’s NewMed Energy

BP and Abu Dhabi National Oil Co (ADNOC) have made a $4bn offer to buy 50% of Israeli offshore natural gas producer NewMed Energy and take it private.

BP and the ADNOC have offered $2 billion for a 50% stake in Israels offshore gas producer, NewMed Energy

 

FILE PHOTO: An Emirati man is seen near the logo of ADNOC in Ruwais, United Arab Emirates May 14, 2018. REUTERS/Christopher Pike/File Photo

Kenya will from this month start importing diesel, super petrol and jet fuel on credit.

Shares in the United Arab Emirates' Adnoc Gas soared 25 percent in the opening minutes of trade when they were listed on the Abu Dhabi stock exchange on Mo..

Spot LNG prices have fallen to about $14-15 per metric million British thermal units (mmBtu) from an average of over $45 per mmBtu in the July-September quarter of the current fiscal.

ADNOC’s recent public offering of a part of its gas business was a successful attempt to attract funds at a moment when hydrocarbon assets are highly valued

The UAE is expecting up to eight more listings this year after ADNOC raised an impressive $2.5 billion from the IPO of its natural gas business unit.