Abu Dhabi National Oil Company (ADNOC)
Canvas Category OEM : Petroleum and Coal
We are one of the world’s leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification. We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products. Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence. Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
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AI and Energy for a Sustainable Future POWERING POSSIBLE
At the intersection of three megatrends – rising global energy demand, the shift towards net-zero emissions, and rapid AI development – there is a unique chance to reshape the future of energy. With the right investment in clean energy, smart policies, and AI innovation, we can create a more sustainable, efficient, and equitable energy system for all.
This paper from ADNOC, Masdar and Microsoft outlines seven key areas for collaboration between the energy and technology sectors to accelerate the transition to a net-zero energy system. By harnessing AI’s capabilities, from methane reduction to grid resilience, these industries can address growing energy demands and drive an inclusive transformation.
Abu Dhabi targets largest-ever foreign takeover with €14.7bn offer for Germany’s Covestro
The United Arab Emirates has launched the largest takeover deal in its history after Abu Dhabi’s state oil company on Tuesday made a €14.7bn offer for the German chemicals company Covestro.
Abu Dhabi National Oil Company said Covestro’s board had recommended its €62 a share offer, a premium of more than 50 per cent to the company’s share price before talks between the two sides were revealed about 16 months ago. Adnoc will also inject roughly €1.2bn of new money into Covestro as part of the transaction.
Adnoc, which pumps nearly three times as much crude oil every day as Shell, is in the process of diversifying its business in preparation for a world that is less reliant on oil as a fuel, but which has a growing appetite for oil-derived products, such as plastics.
ADNOC Deploys Pioneering AI-Enabled Process Optimization Technology
ADNOC announced today the deployment of an industry leading artificial intelligence (AI)-enabled process optimization technology. Neuron 5 was developed by ADNOC and has been initially deployed at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant across hundreds of pieces of equipment. Following the successful initial deployment, Neuron 5 will now be rolled out in all ADNOC facilities across thousands of critical pieces of equipment essential for production, including compressors, valves and generators.
The innovative solution autonomously monitors performance of critical equipment, enabling process optimization and preventative maintenance, reducing operational downtime, boosting efficiency and reducing the need for time-consuming manual inspections. Neuron 5 uses advanced AI models and deep learning algorithms to predict maintenance needs and monitor equipment performance by interpreting data, such as pressure, temperature and vibration, received from sensors on critical equipment.