The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent
The investment in Abu Dhabi Chemicals Derivatives Company, known as Ta’ziz, is part of an Dhs8bn strategy announced last week
The discoveries of up to 1 billion barrels of oil equivalent have been made at an exploration well in Onshore Block 4 concession
Companies sign Memorandum of Understanding to jointly boost innovation and AI commercialisation to support oil and gas organisations in the UAE
ADNOC also announces an increase in national reserves of 4 billion STB of oil and 16 trillion SCF of natural gas
ADNOC is among several major state oil companies increasing production of gas as consumers try to switch away from crude and coal
The partnership will create a clean energy giant, with a total generating capacity of at least 30 gigawatts of renewable energy by 2030
The investments are in the form of procurement awards to contractors
The partnership will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources
The company will be valued at $5.8bn and the stock will start trading in Abu Dhabi on October 27
ADNOC and OCI are offering 13.8 per cent of Fertiglobe in the IPO
Indian nationals make up one of the largest population groups in the UAE
In a first, Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession
The contracted services are to be primarily carried out in the UAE
Blue ammonia is made from hydrogen, a gas seen as key to the global energy transition
ADNOC will send the ammonia to Japan’s Itochu Corp. for use in fertilizer production
Stakeholders across local and regional countries are keen to pursue sustainable fuels
The council is a coalition of companies from over 20 countries pioneering hydrogen solutions
Aramco raised $12.4bn by selling leasing rights over oil pipelines to a US-led group of investors in April
The integrated plant will produce 940 thousand tons of chlor-alkali, 1.1 million tons of ethylene dichloride and 360 thousand tons of PVC annually
The UAE is now bidding to host the UN’s global climate talks in 2023
The facility which will likely be operational by 2025, will have a capacity of up to 1 million tons per annum
Over 50 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme
The development will enable the Belbazem Offshore Block to achieve a crude oil production capacity of 45,000 bpd, and is expected to be operational by 2023
ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn
The official selling price for Murban is determined based on futures trading on the ICE Future Abu Dhabi exchange
The company could be valued at about $7bn including debt in the listing
Dr. Al Jaber said the UAE is well placed to capitalise on the potential of Hydrogen as a zero-carbon fuel
The highest ranking entries originating from the UAE in Gulf Business’ annual Arab power list 2021
Deliberations on the potential listings are ongoing and no final decisions have been made