Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends
The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses
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
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 Middle East is also collaborating with Siemens, Desert Technologies, and the UAE Ministry of Energy & Infrastructure to expand the regional charging network
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
Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity
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
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.
The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels
This initiative aligns with Saudi Arabia’s National Transport and Logistics Strategy, aiming to promote the use of modern technologies in transportation
Third quarter revenues reached Dhs3.975bn, up 110 per cent from the corresponding period of 2023, the company reported
Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence
Oil prices rose on Monday following last week’s decline amid worries about weak demand in China
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria
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
ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December
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
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
The deal, set to commence in April 2025, will see up to 18 million tonnes of naphtha delivered to Shell
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
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
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
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
UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together
The ambitious initiative comprises the Samarkand and Kungrad projects, which together have 2.5GW of generation capacity and 968MW of battery energy storage systems
The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia