#ADNOC
ADNOC’s initial informal offer to Covestro was reported in June 2023, but it wasn’t until September last year that the German company entered into open-ended formal discussions
ADNOC’s Ruwais facility is expected to be the region’s first LNG export facility to run on clean power
Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners
The agreement builds upon previous collaborations between ADNOC and SOCAR, including ADNOC’s acquisition of a 30 per cent equity stake in the Absheron gas and condensate field
The energy company has expanded its ICV programme to drive Dhs178bn back into the UAE’s economy by 2028
ADNOC’s first investment in Mozambique complements its efforts to expand its lower-carbon LNG portfolio to meet growing gas demand and support the transition to cleaner fuel sources
The 11.7 per cent equity stake in Phase 1 of Rio Grande LNG marks ADNOC’s first strategic investment in the US and complements its efforts to expand its lower-carbon LNG portfolio
ADNOC has eyed acquisitions of foreign companies in part to help boost its gas portfolio
BlackRock and KKR bought the stake for $4bn in 2019 in a landmark deal
ADNOC has sharpened its focus on natural gas, seeing it as a transition fuel, as the world tries to curb planet-warming emissions
BP and ADNOC made their offer a year ago, with an aim to access the gas-rich areas in the Eastern Mediterranean
CarbonCapture builds modular machines that contain material that absorbs carbon dioxide when cooled and releases it when heated
Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure’s Port Arthur LNG project in Texas
Will the UAE’s fuel price committee hike or cut rates for petrol and diesel today? Keep posted here to find out as we break the news
Etihad Rail has carried passengers on its lines for the first time ever as it embarked on a 250km journey
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
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
The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity
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
The company is increasing gas production as consumers around the world look to switch from crude and coal toward cleaner burning fuel
The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The project will triple the company’s carbon capture capacity to 2.3 million tonnes per annum
The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7
Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector
The first gas from Absheron was successfully delivered in early July 2023
The company’s ambitious emissions target makes it the first in its peer group to accelerate its net zero target to 2045
ADNOC has been expanding a refining and chemicals hub in Abu Dhabi to find additional outlets for its oil and natural gas production
The new gas compressor plant is expected to substantially increase ADNOC’s gas output from the Habshan Complex
ADNOC Group has partnered with Emirati Talent Competitiveness Council to empower UAE talents to take leading roles in sustainable development of the industrial sector