The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses
The ENERGYai platform, built with ADNOC’s 80 years of historical data, is expected to set new standards in the energy sector for precision, efficiency, and sustainability
ADNOC said early this month it had struck a deal to buy Covestro for $16.3bn, including debt, the energy giant’s biggest-ever acquisition
Audi Middle East is also collaborating with Siemens, Desert Technologies, and the UAE Ministry of Energy & Infrastructure to expand the regional charging network
Uzbekistan remains ACWA Power’s second-largest market, with a robust portfolio that includes 11.4GW of power capacity
The fuel price committee increased retail prices for Super 98, Special 95, and E-Plus 91 by as much as 9 fils per litre in November
The agreements cover a range of projects across the GCC, China, Central Asia and North Africa, focusing on financing, renewable energy, storage projects, and research and development initiatives.
The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels
Third quarter revenues reached Dhs3.975bn, up 110 per cent from the corresponding period of 2023, the company reported
Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence
Oil prices rose on Monday following last week’s decline amid worries about weak demand in China
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
The wind farm will have an anticipated annual production capacity of 1.9 terawatt-hours (TWh), enough to meet energy demands of 475,000 homes
The company has been involved in various infrastructure projects in the GCC, including metro extensions, desalination plants, and cultural museums
The offering was priced at the top of its indicative range of 370-390 baizas per share and was oversubscribed by around 2.7 times, including anchor investors
ADNOC intends to integrate its domestic and global portfolio of projects in low-carbon ammonia, more than doubling Fertiglobe’s ammonia project capacity
By developing an AI-based asset management tool, Masdar seeks to digitise its operations worldwide, moving from a reactive model to a predictive approach
The weaker outlook highlights the dilemma faced by OPEC+, which is planning to start raising output in December
The partnership reflects ADNOC L&S’s ongoing role in supporting the energy transition, while also fostering robust industrial collaborations between the UAE and China
Global gas demand is forecast to rise by more than 2.5 per cent in 2024, with similar growth expected in 2025, according to IEA’s latest report
The company has now secured a total of $1.85bn in green financing since 2023, supporting its ongoing decarbonisation efforts and expansion of its low-carbon energy portfolio
The group OPEC+ is cutting output by a total of 5.86 million bpd, or about 5.7 per cent of global demand, in a series of steps agreed since late 2022
UAE energy minister said OPEC+ has sacrificed more than others but the critical element is that it is staying together
The deal marks a cornerstone for ADNOC’s plans to grow its petrochemicals business along with gas and renewable energy
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia
Oil prices are down nearly 5 per cent so far this year, amid increasing supply from other producers, especially the US
Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, cites a report
The 5-year bond has price guidance of Treasuries plus around 120 basis points (bps) and the 10-year bond has Treasuries plus about 135 bps
Announced during the 79th United Nations General Assembly, the initiative seeks to elevate the climate ambitions of these nations and drive urgent action on sustainability
The contract was signed under the existing long-term agreement with oil giant Saudi Aramco