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The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.
Brent crude futures for November rose by 15 cents, or 0.1 percent, to $72.85
ADNOC will acquire a 35 per cent equity stake in the facility that will be capable of producing up to 1 billion cubic feet daily of low-carbon hydrogen
In July 2024, Masdar successfully raised $1 billion through its green bond issuance under its Green Finance Framework
Consumer price inflation (CPI) rose 2.47 percent in August, driven by higher gas prices
Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables
Brent Oil Futures fell by 4.9 percent, closing at $73.75 per barrel
Brent crude futures had fallen by 37 cents, or 0.48 percent, settling at $77.15 a barrel
The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah
QatarEnergy plans to build a large urea production complex to boost global food and energy security
Borouge also reaffirmed its intention to pay a total of $1.3 billion dividend this year
Agreement facilitates the expansion of production rates through the resources of the 1,389 square km area
Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels
Brent crude futures dropped by 61 cents, or 0.8 percent, settling at $76.32 a barrel
The rates will be applicable from September 1 onwards
Offer shares are available to eligible investors at AED2.8 per share
Dragon Oil seeks to raise its total production in the countries where it operates to 250,000 barrels per day by the end of 2025
Brent oil futures for October rose 0.2 percent to $80.08 a barrel
This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC
The agreement emphasizes data exchange, natural hydrogen research, and carbon capture
Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE
Petrol prices had increased in August after dropping in June and July
The company eyes more offshore concessions in Turkmeinistan
Brent oil futures for October delivery dipped slightly to $78.62 a barrel
