Page 44 - Adnoc News Today

) ABU DHABI, 21st February, 2021 (WAM) -- The Abu Dhabi National Oil Company (ADNOC) today outlined its technology leadership ambition to position the company at the forefront of innovation and advanced technologies, particularly artificial intelligence (AI) and digitalization, as it kicked off its first Innovation Week.

) ABU DHABI, 15th February, 2021 (WAM) -- ADNOC Distribution on Monday today reported that its net profit for the fourth quarter of 2020 grew to AED851 million, with underlying EBITDA (EBITDA excluding one-offs and inventory gains/losses) of AED1.1 billion. For the year 2020, net profit was AED 2.4 billion, while underlying EBITDA stood at AED3.6 billion.

Abu Dhabi's ADNOC Distribution said on Monday it has executed two agreements to acquire 20 service stations in Saudi Arabia for 56.9 million dirhams ($15.5 million), increasing its total network in the kingdom to 37.

ADNOC Distribution , the UAEs largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange , today reported that its net profit for the fourth quarter... | February 17, 2021

"Cosmo was selected after a very competitive bid round. They bring expertise and understanding of our offshore environment, technology, and market access," said Dr Sultan Al Jaber, group chief executive at Adnoc and minister of industry and advanced technology. The agreement with Cosmo, a longstanding player in Abu Dhabis oil and gas industry, is built on the strategic bilateral relationship between the UAE and its biggest importer of energy products. Japan first imported oil from the UAE in th...

(Bloomberg) -- Abu Dhabi awarded Japan’s Cosmo Energy Holdings Co. the right to explore for offshore oil and natural gas as the Middle Eastern emirate seeks to expand its output capacity.Energy producers have been hit hard over the past year as the coronavirus pandemic hammered economies and crude prices plummeted. Oil and gas firms have had to cancel projects and cut spending, increasing concern that fuel may be in short supply later this decade as demand recovers.Oil companies generally...

Japans Cosmo Wins UAE Drilling Rights Feb 10, 2021 12:50:pm Summary Cosmo is the latest foreign investor to secure a concession in the UAEs latest bidding round, which kicked off in May 2019. by: Joe Murphy Posted in: Japans Cosmo Wins UAE Drilling Rights Japanese oil firm Cosmo has won an exploration concession for the Offshore Block 4 off the UAE, Abu Dhabis national oil company Adnoc reported on February 10. Cosmo will have a 100% share of the project during the e...

Biden administration is expected to focus on domestic issues during its first 100 days in office, Goldman Sachs says

The agency expects demand to rise by 5.5m bpd to 96.6m bpd in 2021

Pro-growth policies based on a diverse energy mix are needed to underpin post-pandemic recovery, says Dr Sultan Al Jaber