Tag: ADNOC

The Abu Dhabi National Oil Company (ADNOC), working in partnership with Italy’s Eni and Thailand’s PTT Exploration and Production, has completed a structured financing transaction of up to $11 billion for its huge Hail and Ghasha sour gas development. Dr. Sultan Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology and ADNOC’s Managing Director and Group CEO, commented: “This landmark transaction builds on ADNOC’s successful track record of global energy partnerships and unlocks capital to drive progress at Hail and Ghasha, one of the world’s most ambitious offshore gas projects. The exceptional demand from over 20 leading global and regional financial institutions reinforces confidence in ADNOC’s value creation strategy, innovative approach to financing, and expertise in delivering mega projects. Hail and Ghasha is an important contributor to ADNOC’s gas strategy and is on track to generate significant value for ADNOC, our partners, and the UAE, while unlocking important new gas resources for our customers.”

Sultech Global Innovation Corp., a Canadian agricultural technology company, has signed a memorandum of understanding (MoU) with ADNOC Sour Gas for its micronised elemental sulphur technology. Under the MoU, the companies will conduct a feasibility study and pilot production program to establish the UAE’s first commercial micronised sulphur manufacturing facility. The initiative will integrate Sultech’s patented micronisation process within ADNOC’s sulphur granulation at the Shah Gas Plant, the world’s largest ultra-sour gas operation.

ADNOC has received bids for its Ruwais Sulphur Terminal expansion. The project aims to expand the existing sulphur handling terminal facilities, SHT-1 and SHT-2, located in Ruwais, Abu Dhabi. The purpose of the expansion is to increase the capacity of the Ruwais sulphur handling terminal to accommodate an additional 10,600 t/d of liquid sulphur from the Hail and Ghasha offshore sour gas field development.

First gas from Abu Dhabi’s 1.5 billion cfd Ghasha sour gas concession will be reached in early 2026, according to project partner PTTEP. The gas will come from the first phase 340 million cfd Dalma development. The Ghasha project is being developed by ADNOC (70%), Eni (10%), Thailand’s PTTEP (10%) and Russia’s Lukoil (10%). The outlook, published in PTTEP’s Q3 results, is a more cautious assessment than that provided by Eni in its own Q3 results. Eni said it was optimistic that the development would start up by the end of 2025.

ADNOC Gas PLC has reported $1.39 billion in net income for 2Q 2025, up 16% year on year and a quarterly record for the company. Last year, the gas processing and sales arm of Abu Dhabi National Oil Co. logged its highest annual net earnings - $5 billion - due to rising natural gas demand in the United Arab Emirates. In particular, revenue from ADNOC Gas’s sulphur sales more than doubled to $96 million from $43 million.

The 2023 Middle East Sulphur Conference (MEScon 2023) was the biggest sulphur event in the region to date with over 650 attendees representing 23 countries from across the sour gas and sulphur value chain. More than a conference, this annual event offers conversation, collaboration and community, with leaders and experts from across the industry sharing knowledge, best practice and predictions for the future of sulphur.

ADNOC Sour Gas highlights the best practices implemented in the newly commissioned liquid sulphur pipeline.