People familiar with the matter said an Adnoc logistics subsidiary is negotiating to acquire a significant stake in HEA Energy, valuing the Middle East offshore energy services company at up to $3 billion. If completed, the deal would bolster the UAE’s footprint in offshore oil and gas services. The talks come months after the UAE exited OPEC.

2026-10-13

People familiar with the matter said an Adnoc logistics subsidiary is negotiating to acquire a significant stake in HEA Energy, valuing the Middle East offshore energy services company at up to $3 billion. If completed, the deal would bolster the UAE’s footprint in offshore oil and gas services. The talks come months after the UAE exited OPEC.