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ADNOC
Energy
ADNOC, G42, Presight forge new partnership to leverage AI solutions in energy sector
Partnership aims to deliver value and operational efficiencies to ADNOC, G42, Presight, and the UAE
Energy
UAE: Petrol, diesel prices for May 2024 announced
Petrol prices in the UAE have been rising from February onwards
Markets
UAE’s Murban crude hits record activity in March, over 1.1 billion barrels traded
Since its inception, IFAD has facilitated the trading of nearly 6 billion barrels of Murban crude oil
Markets
ADNOC opts for cash settlement of $1.19 billion exchangeable bonds, retains stake in distribution unit
The exchangeable bonds carry a 0.70 percent coupon
Industry
UAE’s MoIAT inks deals with 16 key partners and sponsors of MIITE Forum 2024
The MIITE Forum will be held on 27-28 May, 2024 at the Abu Dhabi Energy Centre
Energy
Abu Dhabi’s ADNOC Gas shareholders approve $3.25 billion dividend for 2023
Company plans to invest over $13 billion between 2024 and 2029 in growth opportunities
Markets
UAE: Petrol, diesel prices for April 2024 announced
Petrol prices in the UAE have been rising from February onwards
Energy
UAE’s ADNOC Distribution revamps dividend policy, commits to $700 million or 75 percent of net profit until 2028
The company also reiterated dedication to 5-year growth strategy, encompassing AI, digitalization, and cutting-edge tech
Energy
UAE’s ADNOC starts crude oil extraction from Belbazem offshore block
Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas
Sustainability
UAE commits to reducing carbon emissions under new national policy on biofuels
Strategic approval reinforces commitment to clean energy and climate action objectives
Energy
Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia
Modern Gas generated revenues of $55.2 million in 2023
Energy
ADNOC signs 15-year LNG supply deal with German energy firm
Strategic deal reinforces ADNOC's role in global energy transition
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