Company Insights Adnoc Oil & Gas Adnoc News Energy Adnoc Gas to spend $3.6bn to expand UAE facilities Adnoc Gas, a subsidiary of Abu Dhabi National Oil Company (Adnoc), has awarded a $3.6 billion (AED13.1 billion) contract to the joint venture between Abu Dhabi-based National Petroleum Construction Company (NPCC) and Spain’s Tecnicas Reunidas SA to expand its gas processing infrastructure in the UAE. The scope of the contract includes the commissioning of new […] August 9, 2023 Exclusive Sustainability Omani firm aims to rock the world by mineralising CO2 Omani carbon mineralisation startup 44.01 plans global expansion after being named a winner of last December’s Earthshot Prize for its innovative technology. The company expects to start work in the UAE on its first pilot project outside Oman mineralising peridotite rock later this year. Peridotite – a rock found in Oman as well as in […] August 9, 2023 Analysis Oil & Gas Adnoc gas deal fires up UAE-Azerbaijan ties Abu Dhabi National Oil Company (Adnoc) is to acquire a 30 percent equity stake in the Absheron gas and condensate field off the coast of Azerbaijan, as part of a plan to grow its international gas business. The deal will allow the state-owned company to facilitate a route into global markets for gas in Europe […] August 8, 2023 Energy Masdar chief hails ‘defining moment’ in $3bn green fund The chairman of Abu Dhabi Future Energy Company, better known as Masdar, has described the completion of its debut green bond issuance as a “defining moment”. The $750 million 10-year senior unsecured notes are listed on the London Stock Exchange (LSE) and form the first part of a programme to raise up to $3 billion. […] August 7, 2023 Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023 Energy Adnoc Drilling reports 18% increase in profits Adnoc Drilling has announced an 18 percent increase in net profit for the first half of the year, buoyed by an increased fleet and service expansion. The company, a subsidiary of Abu Dhabi National Oil Company (Adnoc), saw revenues grow by 13 percent to $1.4 million year on year, with profits for the six-month period […] August 4, 2023 Agriculture UAE’s farming task force clinches $136m supply deal Farms in the UAE have provisionally agreed to supply food and agricultural products totalling AED500 million ($136 million) over five years to some of the country’s biggest public sector institutions. The deal is the first to be struck by the National Farm Sustainability Initiative (NFSI) task force, a government group set up by the UAE’s […] August 2, 2023 Energy Adnoc shaves five years off net zero deadline Abu Dhabi National Oil Company (Adnoc) has brought forward its deadline to reach net-zero carbon emissions by five years to 2045, citing its “industry-leading” progress on targets to date as the reason for the change. Sheikh Khaled bin Mohmed, Crown Prince of Abu Dhabi, approved the state oil company’s plan to bring the net-zero deadline […] July 31, 2023 Manufacturing Borouge profit down 50% as merger talks continue Petrochemicals company Borouge saw its net profit slide 53 percent year on year to $231 million in the second quarter, attributed to a decline in average sales prices for its products. The business said in a filing to Abu Dhabi Securities Exchange, where its shares are traded, that total revenues fell by 25 percent to […] July 28, 2023 Sustainability Abu Dhabi ramps up its climate action strategy The Abu Dhabi Environment Agency (EAD) has outlined its plans for the emirate’s climate change strategy. The EAD’s five-year plan aims to reduce the UAE capital’s emissions by 22 percent from 2016 levels by strengthening its efforts to achieve greater environmental resilience and climate neutrality, and attracting investment as part of a sustainable economy. EAD […] July 25, 2023 Posts navigation Previous 1 … 32 33 34 … 47 Next
Energy Adnoc Gas to spend $3.6bn to expand UAE facilities Adnoc Gas, a subsidiary of Abu Dhabi National Oil Company (Adnoc), has awarded a $3.6 billion (AED13.1 billion) contract to the joint venture between Abu Dhabi-based National Petroleum Construction Company (NPCC) and Spain’s Tecnicas Reunidas SA to expand its gas processing infrastructure in the UAE. The scope of the contract includes the commissioning of new […] August 9, 2023
Exclusive Sustainability Omani firm aims to rock the world by mineralising CO2 Omani carbon mineralisation startup 44.01 plans global expansion after being named a winner of last December’s Earthshot Prize for its innovative technology. The company expects to start work in the UAE on its first pilot project outside Oman mineralising peridotite rock later this year. Peridotite – a rock found in Oman as well as in […] August 9, 2023
Analysis Oil & Gas Adnoc gas deal fires up UAE-Azerbaijan ties Abu Dhabi National Oil Company (Adnoc) is to acquire a 30 percent equity stake in the Absheron gas and condensate field off the coast of Azerbaijan, as part of a plan to grow its international gas business. The deal will allow the state-owned company to facilitate a route into global markets for gas in Europe […] August 8, 2023
Energy Masdar chief hails ‘defining moment’ in $3bn green fund The chairman of Abu Dhabi Future Energy Company, better known as Masdar, has described the completion of its debut green bond issuance as a “defining moment”. The $750 million 10-year senior unsecured notes are listed on the London Stock Exchange (LSE) and form the first part of a programme to raise up to $3 billion. […] August 7, 2023
Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023
Energy Adnoc Drilling reports 18% increase in profits Adnoc Drilling has announced an 18 percent increase in net profit for the first half of the year, buoyed by an increased fleet and service expansion. The company, a subsidiary of Abu Dhabi National Oil Company (Adnoc), saw revenues grow by 13 percent to $1.4 million year on year, with profits for the six-month period […] August 4, 2023
Agriculture UAE’s farming task force clinches $136m supply deal Farms in the UAE have provisionally agreed to supply food and agricultural products totalling AED500 million ($136 million) over five years to some of the country’s biggest public sector institutions. The deal is the first to be struck by the National Farm Sustainability Initiative (NFSI) task force, a government group set up by the UAE’s […] August 2, 2023
Energy Adnoc shaves five years off net zero deadline Abu Dhabi National Oil Company (Adnoc) has brought forward its deadline to reach net-zero carbon emissions by five years to 2045, citing its “industry-leading” progress on targets to date as the reason for the change. Sheikh Khaled bin Mohmed, Crown Prince of Abu Dhabi, approved the state oil company’s plan to bring the net-zero deadline […] July 31, 2023
Manufacturing Borouge profit down 50% as merger talks continue Petrochemicals company Borouge saw its net profit slide 53 percent year on year to $231 million in the second quarter, attributed to a decline in average sales prices for its products. The business said in a filing to Abu Dhabi Securities Exchange, where its shares are traded, that total revenues fell by 25 percent to […] July 28, 2023
Sustainability Abu Dhabi ramps up its climate action strategy The Abu Dhabi Environment Agency (EAD) has outlined its plans for the emirate’s climate change strategy. The EAD’s five-year plan aims to reduce the UAE capital’s emissions by 22 percent from 2016 levels by strengthening its efforts to achieve greater environmental resilience and climate neutrality, and attracting investment as part of a sustainable economy. EAD […] July 25, 2023
