In March 2024, the company, in collaboration with Austrian energy producer OMV AG, planned to acquire Canada’s Nova Chemicals Corp. This acquisition was part of efforts to form a major global chemical ...

Adnoc has also entered into a share purchase agreement with Canada-based Nova Chemicals Holdings, an indirectly wholly-owned company of Abu Dhabi’s sovereign wealth institution Mubadala Investment ...

Adnoc Drilling: Shareholders of Adnoc Drilling approved the proposed 2024 annual dividend distribution of $788 million (Dhs2.9 billion) at its AGM, including a $394 million (Dhs1.4 billion) dividend ...

ADNOC L&S saw significant growth in 2024 as it added to offshore asset ADNOC Logistics and Services ADNOC L&S shareholders approved a final 2024 dividend payment of $136.5m (AED 501m), bringing total ...

XRG, which ADNOC has said has $80 billion in assets, has a mandate to pursue global deals in chemicals, natural gas and renewables, as the emirate seeks to build a globe-spanning portfolio ...

ADNOC has also invested in assets beyond chemicals for XRG including a stake in NextDecade's Rio Grande LNG export facility in Texas and an investment in an ExxonMobil Texas hydrogen project. ADNOC ...

ADNOC wants the deals ... the UAE company and OMV AG agreed on terms to create a chemicals giant worth more than $60 billion, a deal that includes the joint purchase of Nova Chemicals that ...

LONDON: Abu Dhabi National Oil Co (Adnoc) is considering listing its international investment arm XRG on an exchange outside of the United Arab Emirates, three people with knowledge of the matter ...

Adnoc agreed in October last year to take over German producer Covestro for €14.7bn ($15.6bn). Canada’s Nova can produce 2.6 tonnes per year of polyethylene and 4.2m tonnes of ethylene.

Abu Dhabi National Oil Co. (ADNOC) and Austrian energy and chemicals producer OMV are merging some petrochemicals and plastics units to form Borouge Group, a company valued at more than $60 ...