Feb 20, 2025 · (Bloomberg) -- Abu Dhabi’s state energy company is seeking to raise 10.4 billion dirhams ($2.84 billion) from a secondary offering in its gas business. Abu Dhabi National Oil Co. is offering ...

Mar 3, 2025 · Nova can produce 2.6 million metric tons of polyethylene a year and 4.2 million tons of ethylene. The companies expect Borouge Group to generate annual cost savings of about $500 million.

Feb 20, 2025 · United Arab Emirates energy giant Abu Dhabi National Oil Co (ADNOC) said early on Friday it completed a $2.84 billion marketed offering in its ADNOC Gas unit .

Following the end of the additional acceptance period on December 16, 2024, ADNOC International Germany Holding AG (“Bidder”), a wholly-owned indirect subsidiary of XRG P.J.S.C. (formerly ADNOC International Limited, together with the Bidder and other companies of the ADNOC Group “XRG”), announced today that a total of 172 591 806 shares in Covestro have been included in its voluntary ...

Feb 21, 2025 · Abu Dhabi National Oil Company (ADNOC) PJSC (“ADNOC”), announced today the final offer price and successful completion of the marketed offering (the “Offering”) to institutional investors of 3.1 billion ordinary shares in ADNOC Gas plc (“ADNOC Gas” or the “Company”) (ADX Symbol: ADNOCGAS / ISIN: AEE01195A234). This represents 4% of the issued and outstanding share capital of ...

Mar 4, 2025 · Subsequently, Adnoc and OMV will both hold 46.94% stakes in Borouge Group, with the remaining 6.12% in free float, the companies said. Borouge Group will be headquartered in Vienna and listed on ...

Feb 21, 2025 · ADNOC achieved what it said is the biggest placement on the Abu Dhabi exchange, raising about $2.84 billion from issuing 3.1 billion shares in its integrated gas processing arm to institutional ...

Feb 21, 2025 · Read more: ADNOC Gas awards $2.1 billion in contracts to enhance Ruwais LNG supply infrastructure. Financial performance and growth strategy. ADNOC Gas has consistently demonstrated growth and profitability, as highlighted by the company’s full-year 2024 financial results, which showcased an adjusted net income of $5 billion (the highest since its IPO), including a net income of $1.38 ...

Sep 4, 2024 · The Abu Dhabi National Oil Company (Adnoc) has agreed to take a 35% equity stake in oil major ExxonMobil’s proposed blue hydrogen and ammonia complex in Baytown, Texas. ExxonMobil aims to take a final investment decision (FID) next year on the project, which is set to produce 900,000 tonnes of H 2 and a million tonnes of NH 3 , with ...

2 days ago · Any potential listing of a minority share in the new firm would take place in around five years, according to Reuters’s sources. ... ADNOC has already listed ADNOC Gas, raising $2.5 billion from ...