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Energy Headlines

Adnoc hires banks for fuel retailer IPO: sources

Abu Dhabi National Oil Company (Adnoc) has picked a local bank and three foreign lenders as bookrunners for the planned initial public offering of its retail unit that could raise $1.5 billion to $2 billion, sources said on Thursday.

Abu Dhabi's state oil firm hires U.S. investment bank Moelis: sources

Abu Dhabi National Oil Company (Adnoc) has appointed boutique U.S. investment bank Moelis & Co as an adviser as it seeks to attract billions of dollars in investments through joint ventures and prepares to publicly list shares in some units, three sources familiar with the matter said.

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