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Adnoc, Aramco Said to Mull Bids for Shell South Africa Assets

Adnoc, Aramco Said to Mull Bids for Shell South Africa Assets
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UAE Set to Hit Oil Capacity Target Year Earlier Than It Forecast

UAE Set to Hit Oil Capacity Target Year Earlier Than It Forecast
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Adnoc Buys Stake in LNG Development in Mozambique From Galp

Adnoc Buys Stake in LNG Development in Mozambique From Galp
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Adnoc to Sell 5.5% Stake in Drilling Unit to Investors

Adnoc to Sell 5.5% Stake in Drilling Unit to Investors
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ADNOC to buy stake in Galp Energia's Mozambique LNG project in push for global expansion

Abu Dhabi National Oil Co. (ADNOC) will purchase the stake in the Area 4 concession from Galp Energia SGPS SA, it said in a statement Wednesday. Galp will receive $650 million, and further contingent payments of as much as $500 million when two planned development phases go ahead, the Portugese company said in a separate statement.

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