#ADNOC

Etihad Rail marks historic passenger journey from Abu Dhabi to Al Dhannah

Etihad Rail has carried passengers on its lines for the first time ever as it embarked on a 250km journey

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC to buy OCI stake in Fertiglobe for $3.62bn

ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

Etihad Rail: Abu Dhabi announces new passenger train service

Based on the agreement with Etihad Rail, ADNOC employees will be able to travel between Abu Dhabi and Dhannah via the railway network in the future

ADNOC opens H2GO - the regions first high-speed hydrogen refuelling pilot station Image WAM

ADNOC unveils high-speed green hydrogen refuelling pilot station

The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity

Abu Dhabi’s oil champion ADNOC bets on global expansion

Insights: Abu Dhabi’s oil champion ADNOC bets on global expansion

The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn

ADNOC awards multibillion gas expansion contracts

UAE’s ADNOC awards multibillion gas expansion contracts

The company is increasing gas production as consumers around the world look to switch from crude and coal toward cleaner burning fuel

ADNOC, Occidental to build DAC facility in UAE

ADNOC, Occidental to advance direct air capture project in UAE

The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi

ADNOC, TAQA secure financing for $2.2bn water project

ADNOC, TAQA close $2.2bn financing for water project

The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities

ADNOC Group to invest in Habshan carbon capture

UAE’s ADNOC Group to invest in Habshan carbon capture

The project will triple the company’s carbon capture capacity to 2.3 million tonnes per annum

Borouge

Borouge shareholders approve multimillion dollar dividend

The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7

ADNOC, TABREED advance efforts for geothermal energy

ADNOC, Tabreed announce advances in effort to harness geothermal energy

Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector

Absheron

ADNOC to acquire 30% equity stake in Absheron gas field

The first gas from Absheron was successfully delivered in early July 2023

ADNOC updates carbon emission target to 2045

UAE’s ADNOC sets ambitious emission target ahead of COP28

The company’s ambitious emissions target makes it the first in its peer group to accelerate its net zero target to 2045

OMV, ADNOC enter talks to create global chemical giant

OMV enters talks with ADNOC to form global chemical giant

ADNOC has been expanding a refining and chemicals hub in Abu Dhabi to find additional outlets for its oil and natural gas production

ADNOC awards Petrofac $700m contract for gas project

ADNOC awards $700m contract for gas compressor plant

The new gas compressor plant is expected to substantially increase ADNOC’s gas output from the Habshan Complex

Adnoc private sector

ADNOC, Nafis to create 5,000 new private sector jobs

ADNOC Group has partnered with Emirati Talent Competitiveness Council to empower UAE talents to take leading roles in sustainable development of the industrial sector

Make it in the emirates forum Dhs10bn in offtake agreements announced Image Credit MoIAT MIITE

Make it in the Emirates Forum: New offtake deals worth Dhs10bn announced

Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum

Adnoc L&S IPO is oversubscribed. Image credit: WAM

ADNOC Logistics gets $125bn in orders for $769m IPO

ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn

ADNOC Group Onshore Drilling Rig

ADNOC, TAQA invest $2.4bn to supply sustainable water to onshore operations

The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi

ADNOC L&S IPO

ADNOC raises size of its logistics unit IPO on heavy demand

The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process

ADNOC L&S IPO

ADNOC L&S sets IPO price range, seeks to raise $607m

The company expects the final offer price to be announced on May 26, after the book-building process

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business

ADNOC L&S by WAM

ADNOC L&S expands fleet with five very large gas carriers

The carriers have dual-fuel engine technology and use liquified petroleum gas as their primary fuel source

UAE climate Tech announced dr-sultan-ahmed-al-jaber-COP28-president-designate

UAE Climate Tech: MoIAT to host ‘first-of-its-kind’ forum with ADNOC, Masdar

Ahead of COP28, the forum will explore innovations and economic opportunities supporting global efforts to net zero emissions by 2050

ADNOC Onshore Drilling Rig

Abu Dhabi’s ADNOC Drilling approves $341m dividend

The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m

bp and adnoc to form JV media centre

BP, ADNOC bid for interest in NewMed Energy

The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest

UAE corporate tax exemptions.

MENA M&A activity smashes record to top 700 deals in 2022

Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn

IPO

Abu Dhabi says there’s more to come after year’s biggest IPO

A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings

Renewable energy in Saudi Arabia and UAE

UAE, Saudi Arabia lead GCC renewable energy investments: S&P Global

The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy

ADNOC- Gas IPO

ADNOC Gas eyes $2bn from world’s biggest IPO this year

ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43