Adnoc and BP have made a joint offer to buy a 50 per cent stake in Israel-based NewMed Energy.
The non-binding offer would see the company effectively taken private.
Adnoc said the move is part of plans to establish a joint venture with BP with a focus on gas development.
The two companies intend to explore a range of mechanisms for the formation and potential further expansion of their new partnership.
Buying the NewMed stake would be a "significant first step in this direction", added Adnoc.
Dubai's RTA reports over 20% growth in digital revenue
Dubai's Roads and Transport Authority (RTA) has collected AED 5.3 billion in digital revenue in 2025, marking a 20.6 per cent growth compared to the previous year.
UAE economy expands 6.2%, GDP reaches AED 1.9 trillion
The UAE economy continues its strong growth trajectory, with the country's GDP expanding by 6.2 per cent in 2025 to reach AED 1.9 trillion.
UAE highlights trade, logistics cooperation at Eurasia forum
Representing UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi attended the Eurasia Economic Forum in Astana, Kazakhstan.
UAE explores Caribbean trade partnership at regional summit
The UAE is exploring closer economic ties with Caribbean nations after taking part as a special guest at a major regional foreign ministers’ meeting in Suriname.
Ferrari aims to prove doubters wrong after divisive EV debut
If Ferrari wanted to grab the world's attention with the Luce, its first all-electric car, mission accomplished - even if much of the reaction has been shock and outrage.
Motorists will have to pay more for petrol in June as prices continue to rise for the fourth month in a row.
A tourist from Saudi Arabia flying through DXB's Terminal 1 was pleasantly surprised when Dubai Police returned her bag with $20,000 (AED 73,450) in cash, 150gm of gold and other valuables, she had lost before boarding her flight.
The Ministry of Foreign Affairs is advising UAE nationals and residents to avoid non-essential travel to Uganda, the Democratic Republic of the Congo and South Sudan due to the evolving public health situation related to Ebola.
