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Adnoc plans to raise $1.64bn through stake sale, bond issues ABU DHABI, 2 days ago
Abu Dhabi National Oil Company (Adnoc) together with its subsidiaries, the Adnoc Group, the current holder of 80 percent of the common shares in Adnoc Distribution, aims to raise $1.64 billion by selling its key stakes and also through issuing of bonds.
The Abu Dhabi state oil company said it equates to three per cent of the registered share capital of Adnoc Distribution, through an accelerated bookbuild offering at an offer price of AED4.36 per share to certain eligible institutional investors in reliance on Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the US Securities Act). ....
Adnoc awards $744m offshore block contract to NPCC tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
NPCC wins $744m contract for Abu Dhabi offshore project ABU DHABI, 18 hours, 42 minutes ago UAE-headquartered National Petroleum Construction Company (NPCC) said it has won a $744-million engineering, procurement and construction (EPC) contract for the full field development of the Belbazem Offshore Block in Abu Dhabi.
The contract was awarded by Al Yasat Petroleum Operations Company, a joint venture between Abu Dhabi National Oil Company (Adnoc) and China National Petroleum Corporation (CNPC)
Located 120 km northwest of Abu Dhabi city, the Belbazem Block consists of three marginal offshore fields; Belbazem, Umm Al Salsal, and Umm Al Dholou.
Adnoc and CNPC hold 60 per cent and 40 per cent stakes in Al Yasat respectively, underpinning the strong bilateral ties and energy partnership between the UAE and China. ....