The announcement comes just ahead of a June 1 meeting in Vienna of the OPEC+ alliance
ADNOC will take a 4 per cent stake in Presight currently owned by G42, in exchange for 11 per cent of its shareholding in AIQ
The joint venture aims to explore, develop, and invest in wind projects in Bahrain, with a capacity of up to 2 gigawatts.
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 19 fils per litre in May
The potential deal aligns with the energy firm’s strategy to expand its downstream presence in key high-value markets
Spanish newspaper Cinco Dias has reported that the Abu Dhabi energy company TAQA is involved in eyeing a potential deal
Meanwhile, OPEC also sees global economic growth of 2.8 per cent in 2024
The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region
Over two million gallons of blended sustainable aviation fuel (SAF) will be delivered to Schiphol’s fuelling system throughout 2024
The agreements mark a pivotal stride in advancing clean energy projects within Pakistan, aiming to address challenges associated with conventional energy sources and their financial burdens
With an additional 1,400 megawatts of clean electricity capacity, Unit 4 contributes significantly to powering the national grid
The National Policy on Biofuels will help achieve the objectives of the UAE Energy Strategy 2050
Q8 supplies aviation fuel to more than 70 international airports and holds stakes in three refineries in Italy, Vietnam and Oman
Brent crude oil rose as much as 80 cents a barrel towards $85 after the IEA report was released, touching its highest since November
The board of EXIM approved the project after voting last month to notify Congress about potentially supporting the expansion of an oil and gas field in the Gulf state
The state-owned energy giant has been ramping up its China presence in a string of deals in refining and petrochemicals
The deal, which was first announced last September, represents the company’s first downstream retail investment in South America
A decision on extending the cuts is expected in the first week of March, with individual countries expected to announce their decisions
The fuel price committee increased the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 16 fils per litre in March
The deals cover the supply of a range of products comprising strategic commodities, such as instrumentation, and electrical and drilling equipment
The Gulf state plans an 85 per cent expansion in LNG output from its North Field’s current 77 million metric tons per year to 142 mtpa by 2030
The state-owned energy firm last tapped global debt markets in 2021, when it raised $6bn from the sale of a three-tranche sukuk
Titan Lithium Industries has signed a 50-year land lease agreement with KEZAD to build the plant in Khalifa Industrial Area (KEZAD Al Ma’mourah)
For FY2023, ADNOC Gas’ robust performance continued, with net income reaching $4.72bn, significantly exceeding market expectations
The level of spare capacity – or the perception of how much is available – can influence world oil prices.
In 2024, ENOC will continue to offer industry-leading high-tech solutions to support UAE’s energy transition, says Saif Humaid Al Falasi, group CEO, ENOC
The energy firm maintained a strong sales momentum in 2023, signing LNG deals valued between $9.4bn and $12bn
Large-scale carbon capture and storage investments will likely only be made if the regulatory pressure rises and/or if the carbon price in the market is high enough to capture this extra cost
The ranking revealed that Saudi’s Aramco retained its status as the most ‘valuable’ Middle Eastern brand in global ranking, followed by ADNOC and stc
Accelerating the energy transition globally requires a localised approach that is rooted in understanding and catering to these specific needs