#energy

Lunate to acquire minority stake in ADNOC Gas Pipelines

Lunate to acquire minority stake in ADNOC Gas Pipelines

The acquisition of a stake in a premium gas pipeline infrastructure asset marks significant investment by Lunate in energy infrastructure and strengthens its real assets portfolio

Saudi Aramco expects additional oil demand of 1.3 million bpd in 2025

Saudi Aramco expects additional oil demand of 1.3 million bpd in 2025

Aramco’s chief executive Amin Nasser said that oil demand in 2025 will approach 106 million barrels per day (bpd) after averaging about 104.6 million bpd last year

Kuwait’s KPC CEO says oil production capacity exceeds 3 million bpd

Kuwait’s KPC CEO says oil production capacity exceeds 3 million bpd

The country aims to boost its oil output to 4 million bpd by 2035, having previously missed a goal of reaching that level by 2020

ADNOC Gas advances UAE’s energy transformation

ADNOC Gas, EWEC partner to unlock UAE’s energy potential

The deal ensures a stable and flexible supply of natural gas, a cornerstone of the UAE’s energy transition

UAE’s Masdar forays into Philippines with $15bn clean energy project

UAE’s Masdar forays into Philippines with $15bn clean energy project

The clean energy project is expected to deliver up to 1 gigawatt of clean energy by 2030

ADNOC Gas to convert methane into graphene, hydrogen

ADNOC Gas explores tech to turn methane into graphene, hydrogen

The company’s technology team will evaluate and use the graphene produced at the Habshan complex to explore possible applications

UAE: ENEC launches ENEC Consulting _ Image for illustrative purposes ENEC's Barakah-Nuclear-Plant-Unit-4

Emirates Nuclear Energy Co’s ENEC Consulting to support global projects

The subsidiary will focus on the comprehensive lifecycle of nuclear energy projects, from strategic advisory and project management to operational readiness and capacity building

The executive director of Sustainable Development at Masdar City gives us insights into its groundbreaking green building certifications, such as LEED Platinum, its recent white paper and focus on decarbonisation

Masdar City’s Mohamed Al Breiki on its net-zero journey

The executive director of Sustainable Development at Masdar City gives us insights into its groundbreaking green building certifications, such as LEED Platinum, its recent white paper and focus on decarbonisation

Abu Dhabi fund ADIA invest $500m in US power firm AlphaGen

Abu Dhabi fund ADIA invest $500m in US power firm AlphaGen

The investment by a wholly owned subsidiary of ADIA, Abu Dhabi’s biggest wealth fund, is for a minority stake in AlphaGen

TotalEnergies starts construction on Iraqi gas project

France’s TotalEnergies starts construction on Iraq gas project

The ArtawiGas25 facility, which is part of the gas growth integrated project, will process 50 million cubic feet per day (Mcf/d) of gas previously flared

Oil prices set for third straight weekly gain on supply concerns

Oil prices set for third straight weekly gain on supply concerns

Over the three weeks ending January 10, Brent has climbed by close to 7 per cent, while WTI has jumped nearly 8 per cent

ADNOC Gas awards $2.1bn LNG supply infrastructure contracts

ADNOC Gas invests $2.1bn to advance LNG supply infrastructure

The three contracts are part of the $15bn CAPEX that ADNOC Gas plans to invest through 2029

The Arab Energy Fund-led consortium concludes acquisition of Metito Utilities. Image: TAEF

The Arab Energy Fund-led consortium concludes acquisition of Metito Utilities

This landmark deal enhances The Arab Energy Fund’s offerings in energy infrastructure and sustainable water solutions, particularly in the Middle East, Africa, and Asia

ADNOC L&S issues $2bn hybrid capital facility to fund growth

ADNOC L&S issues $2bn hybrid capital facility to fund growth

The initial drawing against the facility will be $1.1bn, leaving $0.9bn capacity available to be drawn until December 31, 2026

oil

Oil extends gains on optimism over policy support for growth

Brent crude futures rose 22 cents, or 0.3 per cent, to $76.15 a barrel, after settling at its highest since October 25

UAE announces petrol, diesel prices for June 2024

UAE petrol, diesel prices remain unchanged for January 2025

This stability follows months of declining fuel prices in 2024, with Super 98 petrol dropping from a high of Dh3.34 in May to the current rate of Dh2.61

ADNOC ICV programme to inject Dhs200bn into economy in 5 years Image-ADNOC

ADNOC ICV programme to inject Dhs200bn into economy over 5 years

In 2024 alone, ADNOC’s ICV programme reinvested Dhs55bn into the UAE economy and helped facilitate the creation of 5,500 private-sector jobs

Oil gains as cooling US inflation points to possible easing

Oil gains as cooling US inflation points to possible easing

Brent crude futures rose 36 cents, or 0.5 per cent, to $73.30 a barrel

UAEV to introduce EV charging tariff in Jan 2025 image WAM

UAEV to implement new EV charging tariffs from Jan 2025

UAEV aims to expand its network to include 1,000 strategically located chargers across urban hubs, highways, and key transit points by 2030

Drive Terra image for illustrative purposes

ENOC, Drive Terra to launch UAE’s largest battery swapping network

With the support of ENOC, Drive Terra aims to make e-bike adoption in the UAE more accessible and efficient, helping the country to meet its ambitious environmental goals

ADNOC's XRG, bp close deal to launch new natural gas JV

ADNOC’s XRG, bp close deal to launch new natural gas JV

Arcius Energy will focus on natural gas growth to meet growing regional demand while supporting Egyptian energy security and economic development

Meet ARIF, ADNOC Distribution's new investor relations chatbot

Meet ARIF, ADNOC Distribution’s new investor relations chatbot

The chatbot ensures that users receive reliable and accurate information, available 24/7 to accommodate a global investor base

ADNOC, PETRONAS finalise 15-Year LNG sales agreement for Ruwais Project

ADNOC, PETRONAS finalise 15-Year LNG sales deal for Ruwais Project

The Ruwais LNG facility is poised to make history as the first LNG export terminal in the region to be powered by clean energy

OPEC+ delays oil output hike until April, extends cuts into 2026

OPEC+ delays oil output hike until April, extends cuts into 2026

The group agreed to allow the UAE to raise output by 300,000 bpd gradually from April until the end of September 2026

Saudi Aramco, Linde and SLB to set up CCS hub in Jubail

Saudi Aramco, Linde and SLB to set up CCS hub in Jubail

Captured carbon dioxide will be transported through pipelines to be stored below ground in a saline aquifer sink

Saudi Arabia signs solar deals with France’s TotalEnergies, EDF

Saudi Arabia signs solar deals with France’s TotalEnergies, EDF

TotalEnergies will build the 0.3 GW park in the Rabigh Industrial City in partnership with local Saudi developer Aljomaih Energy and Water Company

Fuel up for less: UAE petrol prices cut this December

Fuel up for less: UAE petrol prices cut this December

Depending on the type of vehicle, filling up a full tank in December will cost between Dh6.12 and Dh9.62 less compared to November

Abu Dhabi’s Masdar completes acquisition of 70% stake in Terna Energy

Abu Dhabi’s Masdar completes acquisition of 70% stake in Terna Energy

The Abu Dhabi renewable energy firm plans to acquire all outstanding shares of Terna Energy in an all-cash tender offer, subject to regulatory approval

ENEC, ADNOC to explore nuclear technology for O&G sector

ENEC, ADNOC to explore nuclear technology for O&G sector

With the UAE’s Energy Strategy 2050 setting ambitious goals for clean energy, the collaboration between ENEC and ADNOC is a crucial step towards achieving these objectives

UAE’s ADNOC says gas unit share sale can unlock ‘significant value’

UAE’s ADNOC says gas unit share sale can unlock ‘significant value’

The energy firm said the value of its gas unit can be enhanced by inclusion in wider market indexes and with a broader shareholder base