ADNOC Logistics and Services announced today that it has been awarded a $975-million engineering, procurement and construction (EPC) contract by ADNOC Offshore for an artificial island at the Lower Zakum offshore field. This marks the first award of the new EPC logistics business unit following ADNOC L&S’ record-breaking listing this month. As part of ADNOC’s […]
ADNOC L&S
ADNOC Logistics & Services shares skyrocket on market debut after record IPO
ADNOC Logistics & Services surged 58% above their listing price on its market debut on Thursday. ADNOC L&S climbed from its listing price of AED 2.01 to close as high as AED3.130, giving it a market capitalisation at the time of listing of about $4.05 billion. “The record-setting market debut of ADNOC L&S marks the […]
ADNOC partners with French company to design unmanned ROVs
ADNOC’s shipping unit ADNOC Logistics & Services has partnered with French marine and energy services firm SeaOwl to develop unmanned remotely operated vessels as part of its sustainability efforts. The vessels will be designed to reduce up to 30% of carbon emissions, with its smart automation systems capable of optimising routes, further contributing to ADNOC […]
ADNOC’s logistics arm expands fleet by deploying five large gas carriers
ADNOC Logistics & Services, the shipping and logistics arm of ADNOC, announced today the deployment of five new-build Very Large Gas Carriers (VLGC). The gas carriers were built at Jiangnan Shipyard in Shanghai, China, and will be owned and operated by AW Shipping, an ADNOC L&S joint venture with Wanhua Chemical Group. As natural gas […]
ADNOC L&S signs $2.6 billion contract for new logistics platform project
ADNOC Logistics & Services (ADNOC L&S) has signed a $2.6 billion contract with ADNOC Offshore to provide integrated logistics services for its new Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that is expected to coordinate end-to-end management of logistics and maritime operations at its base in […]
ADNOC L&S signs deal for Indian LNG terminal
ADNOC Logistics & Services (L&S) and Atlantic Gulf & Pacific International Holdings (AG&P) have signed their third charter deal to utilise Ghasha, ADNOC’s LNG carrier, as a floating storage unit offshore India. Under the terms of the agreement, the carrier will be used at AG&P’s LNG Import Terminal in India, which will be commissioned in […]
ADNOC L&S expands material handling services with major equipment acquisition
Under the terms of the acquisition, ADNOC L&S will take ownership of Speedy Hire’s equipment, stock and other fixed assets relating to its Middle East business
ADNOC Logistics and Services acquires six very large crude carriers
Two VLCCs added to fleet in 2020 with three newbuilds placed on order and one existing vessel recently purchased