ADNOC

The UAE has condemned what it described as a hostile Iranian attack on two ADNOC-affiliated vessels transiting the Strait of Hormuz, with no injuries reported

The Abu Dhabi gas company still beat its second-quarter guidance as strong domestic demand helped cushion the impact of disruption in the Strait of Hormuz

ADNOC says 15 of its vessels have been attacked by missiles and drones in the Strait of Hormuz since the conflict began, killing one crew member and injuring 20 others

The investment forms part of ADNOC’s broader gas growth strategy as the company seeks to unlock more of the UAE’s gas reserves, which rank as the seventh largest globally

Company says two VLCCs sustained significant damage after being struck by projectiles while transiting the strategic waterway

The integrated platform is targeting a combined marketable LNG portfolio of 47 million tonnes per annum (mtpa) by 2035

MoFA accuses Iran of targeting national carrier as tensions escalate, warns of threat to global energy security

The event comes as the UAE accelerates efforts to strengthen its industrial sector, with industrial GDP rising 70 per cent since 2021 and exports more than doubling to Dhs262bn

ADNOC chief executive Dr Sultan Ahmed Al Jaber said the company was entering a new execution phase focused on project delivery and industrial growth

Fertiglobe reported strong Q1 earnings growth as tight global supply and seasonal demand boosted prices, offsetting lower sales volumes amid regional disruptions