ABU DHABI NATIONAL OIL COMPANY

Abu Dhabi National Oil Company (ADNOC) is one of the world's leading energy producers and a primary catalyst for Abu Dhabi’s growth and diversification. Established in 1971, ADNOC operates across the entire hydrocarbon value chain and is involved in the exploration, production, storage, refining, and distribution of petroleum and natural gas products. Here's a detailed overview:


History and Formation



  • Established: 1971

  • Headquarters: Abu Dhabi, United Arab Emirates (UAE)

  • Ownership: Fully owned by the Government of Abu Dhabi


Operations and Business Structure


ADNOC's operations span various aspects of the oil and gas industry, and it is organized into multiple subsidiary companies, each focusing on different areas of the hydrocarbon value chain:



  1. Upstream Operations:



    • Exploration and Production: ADNOC engages in the exploration, development, and production of crude oil and natural gas assets.

    • Major Subsidiaries: ADNOC Onshore, ADNOC Offshore, ADNOC Drilling, and ADNOC Sour Gas.



  2. Midstream and Downstream Operations:



    • Transportation and Storage: Manages an extensive network of pipelines and storage facilities.

    • Refining and Petrochemicals: Operates several refineries and engages in the production and marketing of refined products and petrochemicals through subsidiaries like ADNOC Refining and ADNOC Fertilizers.



  3. Marketing and Distribution:



    • Global Sales: ADNOC markets its oil, gas, and refined products globally.

    • Retail: Operates a network of service stations under the brand ADNOC Distribution, which is publically listed on the Abu Dhabi Securities Exchange (ADX).



  4. Others:



    • Research and Development: Invests heavily in technology and innovation to optimize operations and enhance efficiencies.

    • Sustainability Initiatives: Committed to sustainable practices and has initiatives aimed at reducing carbon emissions and improving environmental stewardship.




Strategic Vision and Initiatives


ADNOC is focused on:



  • Maximizing Value: Enhancing the value derived from its resources through efficient operations and strategic investments.

  • Sustainable Growth: Invests in technology and initiatives to reduce environmental impact, including the Carbon Capture, Utilization, and Storage (CCUS) program.

  • Global Partnerships: Collaborates with international oil companies and investors to bring in expertise, technology, and capital.


Leadership


ADNOC is led by an executive management team under the governance of the Supreme Petroleum Council of Abu Dhabi. The leadership is committed to driving the company towards achieving its strategic objectives and ensuring operational excellence.


Economic and Social Contributions



  • Economic Impact: ADNOC is a significant contributor to the UAE's economy, playing a crucial role in its growth and diversification.

  • Employment: Provides job opportunities and training programs to enhance local talent and workforce.

  • Community Engagement: Invests in social initiatives and community development projects.


Recent Developments



  • IPO and Public Listings: Parts of ADNOC's business, like ADNOC Distribution and ADNOC Drilling, have been listed on public stock exchanges.

  • Diversification and Innovation: Continues to explore new ventures in renewable energy and advanced technologies such as artificial intelligence and blockchain.


ADNOC’s commitment to operational excellence, sustainable practices, and strategic growth positions it as a key player in the global energy market.


Ships

AL BATEEN 1

Tug | Flag: United Arab Emirates | Port: ABU DHABI

ESNAAD 850

Offshore Supply Vessel | Flag: United Arab Emirates | Port: ABU DHABI

ESNAAD 1010

General Cargo Carrier | Flag: United Arab Emirates | Port: ABU DHABI

ESNAAD 851

Offshore Supply Vessel | Flag: United Arab Emirates | Port: ABU DHABI

ESNAAD 1011

General Cargo Carrier | Flag: United Arab Emirates | Port: ABU DHABI

ESNAAD 810

High Speed Craft | Flag: United Arab Emirates | Port: ABU DHABI

Maritime News

Vard, Inkfish Sign Shipbuilding Contract for New Research Vessel

Vard, Inkfish Sign Shipbuilding Contract for New Research Vessel

3 days ago
Vard, the Norwegian subsidiary of the Group and one of the world's leading builders of specialized vessels, has signed a new contract with the US research organization Inkfish for the design and construction of an advanced research vessel. The deal is valued at over USD$233 million (€200 million).The custom-built research vessel, designated Project RV6000, is specifically designed for scientific exploration. It will join Inkfish's expanding fleet, alongside the RV Hydra and RV Dagon, to support global marine research. In close collaboration with host countries, the data collected will contribute to open-source repositories.
Six Crew Saved, 15 Remain Missing After Eternity C Cargo Ship Sinks in Red Sea

Six Crew Saved, 15 Remain Missing After Eternity C Cargo Ship Sinks in Red Sea

3 days ago
Rescuers pulled six crew members alive from the Red Sea after Houthi militants attacked and sank a second ship this week, while the fate of another 15 was unknown after the Iran-aligned group said they held some of the seafarers.The Houthis claimed responsibility for the assault that maritime officials say killed four of the 25 people aboard the Eternity C before the rest abandoned the cargo ship. Eternity C went down Wednesday morning after attacks on two previous days, sources at security companies involved in a rescue operation said.The six rescued seafarers spent more than 24 hours in the water, those firms said.
Four Dead, 15 Missing After Houthi Attack on the Eternity C

Four Dead, 15 Missing After Houthi Attack on the Eternity C

4 days ago
Rescuers pulled six crew members alive from the Red Sea on Wednesday and 15 were still missing from the second of two ships sunk in recent days in attacks claimed by Yemen's Iran-aligned Houthi militia after months of calm.Four of the 25 people aboard the Eternity C cargo ship were killed before the rest of the crew abandoned the vessel, which sank on Wednesday morning after being attacked on Monday and Tuesday, sources at security companies involved in a rescue operation said.The six seafarers who were rescued had spent more than 24 hours in the water, they said.The Houthis said on Wednesday they had sunk the Eternity C.
IMO Secretary-General Urges “constructive dialogue” Following Red Sea Attacks

IMO Secretary-General Urges “constructive dialogue” Following Red Sea Attacks

4 days ago
IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea.IMO Secretary-General Arsenio Dominguez has called for intensified diplomatic efforts following a renewed wave of attacks on merchant ships in the Red Sea. Addressing the IMO Council in London, Dominguez expressed dismay over recent assaults on the Magic Seas and Eternity C, both targeted on 6 and 7 July. At least three fatalities and several injuries have been reported aboard the Eternity C, while all 22 crew members of the Magic Seas were safely rescued.
Red Sea: Four Dead, Two Wounded in Latest Houthi Attack on Greek Bulk Carrier

Red Sea: Four Dead, Two Wounded in Latest Houthi Attack on Greek Bulk Carrier

5 days ago
Four seafarers on the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen, an official with knowledge of the issue said on Tuesday, the second incident in a day after months of calm.The Red Sea, which passes Yemen's coast, has long been a critical waterway for the world's oil and commodities but traffic has dropped since the Iran-aligned Houthi militia began targeting ships in November 2023 in what they said was solidarity with Palestinians against Israel in the Gaza war.