The first gas from Absheron was successfully delivered in early July 2023
The company’s ambitious emissions target makes it the first in its peer group to accelerate its net zero target to 2045
ADNOC has been expanding a refining and chemicals hub in Abu Dhabi to find additional outlets for its oil and natural gas production
The new gas compressor plant is expected to substantially increase ADNOC’s gas output from the Habshan Complex
ADNOC Group has partnered with Emirati Talent Competitiveness Council to empower UAE talents to take leading roles in sustainable development of the industrial sector
Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum
ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process
The company expects the final offer price to be announced on May 26, after the book-building process
The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business
The carriers have dual-fuel engine technology and use liquified petroleum gas as their primary fuel source
Ahead of COP28, the forum will explore innovations and economic opportunities supporting global efforts to net zero emissions by 2050
The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m
The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest
Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn
A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings
The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy
ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43
The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year
Domestic manufacturing of these products will support the ‘Make it in the Emirates’ initiative, stimulate industrial growth and create more jobs for UAE Nationals
The entities will jointly conduct a feasibility study for the region’s first project to produce sustainable aviation fuel using renewable hydrogen and municipal solid waste
Once operational, the project will initially fully sequester a minimum of 18,000 tons per annum of carbon dioxide
The project, which is supported by Masdar and due to commence in Fujairah in January, will use 44.01’s prize-winning CCM technology to eliminate CO2 from the atmosphere
ADNOC Gas will serve domestic and international customers with an expanding portfolio of gas products
The company will launch projects involving carbon capture, electrification and new CO2 absorption technology, and also enhance investments in hydrogen and renewables
Through this investment in OMV, who hold a 75 per cent stake in Borealis, ADNOC will increase its shareholdings in both Borealis and Borouge
Masdar targets a minimum of 100GW in renewable energy capacity and the production of up to one million tons of green hydrogen by 2030
Mubadala’s deputy CEO, Waleed Al Mokarrab Al Muhairi, will serve as interim chief executive of the UAE investments platform
The award marks the first time a Malaysian company will explore for hydrocarbons in Abu Dhabi