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
South Korea under pressure from the IEA to liberalise its electricity market
Washington increases military pressure on Caracas as Maduro alerts Opec
Niger challenges Orano by launching its uranium production on the international market
A €30bn shortfall threatens the European Union’s electricity interconnection plans
Grenergy sells seven photovoltaic plants to Ecopetrol in Colombia
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.
OPEC+ maintains output freeze for 2026 and opens quota battle for 2027
Faced with oversupply risks and Russian sanctions, OPEC+ stabilises volumes while preparing a structural redistribution of quotas by 2027, intensifying tensions between producers with unequal capacities.
UK locks in oil windfall until 2030 with 78% tax pressure
The United Kingdom is replacing its exceptional tax with a permanent price mechanism, maintaining one of the world’s highest fiscal pressures and reshaping the North Sea’s investment attractiveness for oil and gas operators.
Pakistan becomes structural fuel oil exporter, disrupting Asian market balance
Pakistan confirms its exit from domestic fuel oil with over 1.4 Mt exported in 2025, transforming its refineries into export platforms as Asia faces a structural surplus of high- and low-sulphur fuel oil.
Aksa Enerji to build 119 MW thermal power plant in Burkina Faso
Turkish company Aksa Enerji has signed a 20-year contract with Sonabel for the commissioning of a thermal power plant in Ouagadougou, aiming to strengthen Burkina Faso’s energy supply by the end of 2026.
Antin plans to sell Idex, valued up to €4 bn, by 2026
Antin Infrastructure Partners is preparing to sell Idex in early 2026, with four North American funds competing for a strategic asset in the European district heating market.
EDF considers selling its US renewables to finance domestic nuclear programme
EDF could sell up to 100% of its US renewables unit, valued at nearly €4bn ($4.35bn), to focus on French nuclear projects amid rising debt and growing political uncertainty in the United States.
CPC pipeline restarts after strikes, but pressure remains on Kazakhstan
The Caspian Pipeline Consortium resumed loadings in Novorossiisk after a Ukrainian attack, but geopolitical tensions persist over Kazakh oil flows through this strategic Black Sea corridor.
Hungary doubles oil shipments to Serbia amid US sanctions on refinery
Hungary increases oil product exports to Serbia to offset the imminent shutdown of the NIS refinery, threatened by US sanctions over its Russian majority ownership.
Pemex increases domestic refining despite continued decline in crude oil production
Faced with falling oil production, Pemex is expanding local refining through Olmeca, aiming to reduce fuel imports and optimise its industrial capacity under fiscal pressure.
Petrobras cuts investment to $109 bn in new five-year plan
Brazil’s state oil company will reduce its capital spending by 2%, hit by falling crude prices, marking a strategic shift under Lula’s presidency.
TotalEnergies sells Bonga stake for $510mn to Shell and Eni
TotalEnergies has finalised the sale of its 12.5% stake in Nigeria’s offshore Bonga oilfield for $510mn, boosting Shell and Eni’s positions in the strategic deepwater production site.

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.