UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

UAE’s ADNOC agrees multi-year LNG supply deal with SEFE

The deal, which expands the UAE’s efforts to become a key supplier of LNG, converts a preliminary deal signed in March to a definitive sales agreement

ADNOC awards contract to expand 3d seismic survey Image courtesy ADNOC

ADNOC awards $490m contract to expand world’s largest 3D seismic survey

The 3D mega seismic survey, which began in late 2018, covers a vast 85,000 square kilometres across onshore and offshore areas in Abu Dhabi

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

ADIPEC 2024: ADNOC, Masdar, Microsoft to drive AI, low-carbon initiatives

The collaboration will support environmental and economic goals through AI-driven initiatives in renewable energy, carbon capture and efficiency improvements

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Saudi Aramco reports 15% drop in Q3 profit, maintains dividend

Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m

The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses

ADIPEC 2024: ADNOC, AIQ showcase agentic AI solution for energy sector

The ENERGYai platform, built with ADNOC’s 80 years of historical data, is expected to set new standards in the energy sector for precision, efficiency, and sustainability

Covestro weighs ADNOC’s takeover offer, cuts profit target

Covestro likely to recommend ADNOC takeover offer, trims profit target

ADNOC said early this month it had struck a deal to buy Covestro for $16.3bn, including debt, the energy giant’s biggest-ever acquisition

Audi Q6 e-tron and Cafu mobile EV charging prototype

CAFU rolls out EV charging service to Audi e-tron vehicles

Audi Middle East is also collaborating with Siemens, Desert Technologies, and the UAE Ministry of Energy & Infrastructure to expand the regional charging network

GE Vernova, Iraq's Ministry of Electricity 'energise' 5 new substations

GE Vernova, Iraq’s Ministry of Electricity ‘energise’ 5 new substations

GE Vernova has contributed up to 19,000 megawatts of power generation capacity, mobilised over $3bn in financing for energy projects, and invested in workforce training initiatives

ACWA Power secures $62m for renewable energy project in Uzbekistan

ACWA Power secures $62m for renewable energy project in Uzbekistan

Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity

UAE hikes petrol, diesel prices for November 2024

Here’s how much petrol, diesel will cost you in November

The fuel price committee increased retail prices for Super 98, Special 95, and E-Plus 91 by as much as 9 fils per litre in November

ACWA Power signs deals worth $1.784bn at FII8 in Riyadh

ACWA Power signs deals worth $1.78bn at FII8 in Riyadh

The agreements cover a range of projects across the GCC, China, Central Asia and North Africa, focusing on financing, renewable energy, storage projects, and research and development initiatives.

QatarEnergy buys 50% stake in TotalEnergies solar project in Iraq

QatarEnergy buys 50% stake in TotalEnergies solar project in Iraq

The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels

First hydrogen-powered taxi pilot project launches in Saudi

First hydrogen-powered taxi pilot project launches in Saudi

This initiative aligns with Saudi Arabia’s National Transport and Logistics Strategy, aiming to promote the use of modern technologies in transportation

NMDC Energy reports Dhs402m as Q3 net profit post IPO

NMDC Energy reports Dhs402m as Q3 net profit post IPO

Third quarter revenues reached Dhs3.975bn, up 110 per cent from the corresponding period of 2023, the company reported

How ADNOC is elevating the consumer journey at the pump

How ADNOC Distribution is elevating the consumer journey at the pump

Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence

Oil edges up on Middle East war concerns, US crude stockpile drop

Oil prices regain ground after 7% loss last week

Oil prices rose on Monday following last week’s decline amid worries about weak demand in China

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners

Fertiglobe to boost Ammonia capacity as ADNOC becomes top shareholder

Fertiglobe to boost ammonia capacity as ADNOC becomes top shareholder

The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria

Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation

Masdar, Iberdrola complete Baltic Eagle wind farm turbine installation

The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes

pands stake in Fertiglobe to boost low-carbon ammonia development

ADNOC expands stake in Fertiglobe to boost low-carbon ammonia development

ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity

OPEC cuts 2024, 2025 global oil demand growth view again

OPEC cuts 2024, 2025 global oil demand growth view again

The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December

Etihad Rail signs deal with Emerge for mega solar project

Etihad Rail goes green with massive solar project

Emerge, a JV between Masdar and EDF Group, will install a large-scale solar PV system and battery energy storage system at Etihad Rail’s Ghuweifat freight terminal

Adnoc L&S signs &250m contract for VLACs Image DNOC L&S for illustrative purposes

ADNOC L&S JV inks deal worth $250m for mega ammonia carriers

The partnership reflects ADNOC L&S’s ongoing role in supporting the energy transition, while also fostering robust industrial collaborations between the UAE and China

QatarEnergy, Shell seal 20-year naphtha supply agreem

QatarEnergy, Shell seal 20-year naphtha supply deal

The deal, set to commence in April 2025, will see up to 18 million tonnes of naphtha delivered to Shell

Natural gas demand rises in 2024, but supply challenges persist: IEA

Natural gas demand rises in 2024, but supply challenges persist: IEA

Global gas demand is forecast to rise by more than 2.5 per cent in 2024, with similar growth expected in 2025, according to IEA’s latest report

Dubai Airports announces world’s largest rooftop solar panel installation

Massive rooftop solar installation announced for Dubai Airports

The solar initiative, set to generate a total of 39 megawatts peak (MWp) of clean energy, will see the installation of 62,904 solar panels across both DWC and DXB

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

TAQA prices $1.75bn dual-tranche bond offering, includes green bond

The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio

OPEC+ advisory panel upholds output policy

OPEC+ panel sticks to output policy, doubles down on compliance

The group OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed since late 2022

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

OPEC+ doing ‘noble’ job of balancing oil market, says UAE

UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together