SUBSCRIBE
PROFILE

ADNOC acquires 2 additional Very Large Tankers

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

ADNOC becomes the owner-operator of the largest maritime fleet in the United Arab Emirates.
It now has eight very large tankers (VLCCs) at its disposal, following the acquisition of two additional vessels.
The national company will be able to increase its crude oil production capacity as planned.

ADNOC L&S continues to expand its fleet

ADNOC Logistics & Services (ADNOC L&S), continues to expand its fleet with the acquisition of two additional Very Large Crude Carriers (VLCC).
This brings its total number of VLCCs to eight.
The new acquisitions include a new-build VLCC featuring dual-fuel technology.
Manufactured by South Korea’s Daewoo, it is scheduled for delivery in the first quarter of 2023.
These latest acquisitions mean that ADNOC L&S has now added a total crude oil cargo capacity of 16 million barrels this year.

Increase crude oil production by 25%.

ADNOC will thus be able to increase its crude oil production capacity by 25% to 5 million barrels per day by 2030.
A crucial development in support of the Emirati ICE Murban Future oil contract.
This extension should help the Group to win new customers and markets.
The launch of Murban Futures contracts will also enable ADNOC L&S to perfect the use of its vessels’ capacity in the crude oil sector.
ADNOC L&S is the largest integrated marine logistics and shipping company in the Gulf Cooperation Council (GCC).
It owns and operates the largest shipping fleet in the United Arab Emirates.
With over 240 owned and chartered vessels.

  • Popular on energynews.pro
AfDB grants $7.41mn to Liberia to complete hydroelectric power plant
Infinity Power launches construction of 200 MW wind farm in Egypt
Thyssenkrupp to cut 11,000 jobs ahead of potential steel unit sale to Jindal
Eskom forecasts $937 million profit for 2026 fiscal year
Belgium: Doel 2 permanently shut down after fifty years of operation
Tullow Oil cuts board size and seeks to refinance $1.8 bn debt
Amid persistent financial losses, Tullow Oil restructures its governance and accelerates efforts to reduce over $1.8 billion in debt while refocusing operations on Ghana.
Baghdad invites US companies to replace Lukoil on West Qurna 2
The Iraqi government is inviting US oil companies to bid for control of the giant West Qurna 2 field, previously operated by Russian group Lukoil, now under US sanctions.
Two tankers targeted in the Black Sea, Ankara warns over maritime security
Two tankers under the Gambian flag were attacked in the Black Sea near Turkish shores, prompting a firm response from President Recep Tayyip Erdogan on growing risks to regional energy transport.
Harbour Energy to cut 100 offshore jobs over sustained fiscal conflict
The British producer continues to downsize its North Sea operations, citing an uncompetitive tax regime and a strategic shift towards jurisdictions offering greater regulatory stability.
Dangote claims 100% of Nigerian petrol supply and demands priority access to crude
Dangote Refinery says it can fully meet Nigeria’s petrol demand from December, while requesting regulatory, fiscal and logistical support to ensure delivery.
Equans launches new entity for industries with complex processes
Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
BP restarts Olympic pipeline after leak, increasing pressure on safety
BP reactivated the Olympic pipeline, critical to fuel supply in the U.S. Northwest, after a leak that led to a complete shutdown and emergency declarations in Oregon and Washington state.
Zenith Energy shifts focus between Tunisian arbitration and Italian solar assets
Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.
Kamoa-Kakula mine in DRC targets 347 MW in electricity demand by 2028
Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.
Washington increases military pressure on Caracas as Maduro alerts Opec
President Donald Trump confirmed direct contact with Nicolas Maduro as tensions escalate, with Caracas denouncing a planned US operation targeting its oil resources.
Zenith Energy accuses Tunisia of unauthorised sale of 3,987 barrels of oil
Zenith Energy claims Tunisian authorities carried out the unauthorised sale of stored crude oil, escalating a longstanding commercial dispute over its Robbana and El Bibane concessions.
TotalEnergies sells 40% of two Nigerian licences to Chevron in strategic deal
TotalEnergies restructures its stake in offshore licences PPL 2000 and PPL 2001 by bringing in Chevron at 40%, while retaining operatorship, as part of a broader refocus of its deepwater portfolio in Nigeria.
Aker Solutions secures NOK2.5bn to NOK4bn offshore M&M contract with ConocoPhillips
Aker Solutions has signed a six-year frame agreement with ConocoPhillips for maintenance and modification services on the Eldfisk and Ekofisk offshore fields, with an option to extend for another six years.
Q ENERGY France and AMRF sign agreement to accelerate rural electrification
Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.
Iran seizes Eswatini-flagged vessel for fuel smuggling
Iranian authorities intercepted a vessel carrying 350,000 litres of fuel in the Persian Gulf, tightening control over strategic maritime routes in the Strait of Hormuz.
ACWA Power and Aramco secure $8.2bn financing for 15 GW renewable projects
ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.
Hydro-Québec posts $2.83bn net income driven by electricity exports
Hydro-Québec reports a 29% increase in net income over nine months in 2025, supported by a profitable export strategy and financial gains from an asset sale.
North Atlantic France Takes Control of Esso S.A.F. and Renames the Company
North Atlantic France finalizes the acquisition of Esso S.A.F. at the agreed per-share price and formalizes the new name, North Atlantic Energies, marking a key step in the reorganization of its operations in France.
Imperial Petroleum raises $60mn through direct share and warrant offering
Greek shipowner Imperial Petroleum has secured $60mn via a private placement with institutional investors to strengthen liquidity for general corporate purposes.
Ecopetrol plans up to $6.84bn in 2026 investments to support production
Ecopetrol plans between $5.57bn and $6.84bn in investments for 2026, aiming to maintain production, optimise infrastructure and ensure profitability despite a moderate crude oil market.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.