Brent crude oil prices, which are used for gas pricing, decreased by nearly 31 per cent during the period under review
The partnership will assess the joint development of direct air-capture plants in the UAE that can absorb carbon dioxide out of the sky
After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term
The pilot programme will study how hydrogen with high-speed refuelling can best be used in mobility projects
The rigs will become operational in the fourth quarter of 2023
The partnership builds on ADNOC Group’s $15bn commitment towards decarbonisation projects by 2030
The location’s proximity to ADNOC’s current operations and its future growth projects were all important factors in the decision
The company’s unaudited combined pro forma results follow its record IPO earlier in March
The use of hybrid power land drilling rigs is an essential element of ADNOC Drilling’s decarbonisation strategy
The acquisition strengthens ADNOC L&S’ position as region’s largest shipping and integrated logistics company, growing its total fleet to more than 300 vessels
The investment will expand the capacity of ADNOC’s Al Nouf field from 160,000 barrels per day (bpd) to 175,000 bpd by 2024