Masdar will invest EUR817m in the transaction, which values the portfolio at EUR1.7bn, making it one of Spain’s largest renewable energy deals
AW Shipping, ADNOC L&S’s joint venture with Wanhua Chemical Group, awarded shipbuilding contracts to Jiangnan Shipyard in China
Investor demand was strong, with the order book peaking at $4.6bn, representing an oversubscription rate of 4.6 times
The project, expected to be delivered this year, will improve the stability and reliability of Saudi Arabia’s power grid.
Demand for the three tranches topped $31.5bn, drawing over $11bn for each of the 10- and 30-year tranches and more than $9.5bn for the 40-year bonds
The agreements include gas and crude oil exploration projects in the Mediterranean, Nile Delta and Western Desert
GCC companies and governments have rushed to tap debt markets since the start of the year to take advantage of recent falls in global interest rate
The two sides reviewed the Comprehensive Strategic Partnership Initiative, focusing on joint projects aimed at sustainable economic growth
The credit facility is part of JBIC’s GREEN lending programme and is partially supported by Japanese commercial banks
The Gulf energy giants have been conducting preliminary evaluations of Santos as a possible acquisition target
The design of the rig operating systems will leverage real-time condition, performance, and utilisation data to generate actionable insights
The country fully awarded 20 cargoes of LNG in June to cover heavy summer demand from July through September
The consortium will investigate the feasibility of a large-scale, multi-phase project focused on the development and export of green hydrogen and its derivatives
The country plans to spend more than $1bn to import enough gas and mazut fuel oil to end the blackouts this summer
Aramco and Sempra expect to execute binding LNG and definitive equity agreements with terms substantially equivalent to those in the heads of agreement
The energy firm’s profit was roughly in line with that of oil major Shell
China’s significant role in the global solar market is underscored by its massive installation rates and manufacturing scale-up, leading to a 50 per cent drop in solar panel prices last year
The UAE aims to rank among the top 10 producers of green hydrogen globally by 2031, with a production target of 1.4 million tonnes annually
The introduction of a reduced tariff structure directly reduces operational costs, enabling businesses to invest more in research and development rather than on overheads, says the EtihadWE CEO
The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
The oil behemoth’s shares were priced at $7.27 (SAR27.25), near the bottom of a SAR26.7 to SAR29 range used in marketing the sale
The contract is for the procurement and construction of the third phase of the master gas system in Saudi Arabia
The state-owned energy firm’s bankers have told investors it plans to price the shares at $7.27 (SAR27.25) each
NMDC Energy plans to invest $100m in the modular fabrication manufacturing facility
The acquisitions will give the Abu Dhabi maritime logistics firm access to Navig8’s fleet of 32 tankers and global footprint across five continents
This strategic investment will leverage B.Grimm Power’s experience and capabilities to develop solar energy projects across the UAE, Saudi Arabia, and Bahrain
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 fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 20 fils per litre in June
The deal’s value could rise to $13.1bn at the top end under a greenshoe option, which would allow the sale of nearly 1.7 billion shares