ADNOC
UAE’s ADNOC leads initiative to capture and store 5 million tons of CO2 annually in Malaysia by 2030
This agreement aims to optimize CO2 storage using AI and other methods
The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria
ADNOC Gas fulfils over 60 percent of the UAE’s gas demand and is a major player in fueling the development of key industrial sectors
The company has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024
Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million
This represents 31 percent increase YoY
Agreement marks ADNOC's first long-term LNG deal with Osaka Gas, underscoring the long-standing energy partnership between the UAE and Japan
EV Holdings is Enersol’s third acquisition and comes following the company's agreement to acquire 51 percent of NTS Amega (NTS) last week
Expansion supports ADNOC’s target to increase its production capacity to 5 million barrels of oil per day by 2027
The VLECs will be deployed on 20-year time charter contracts, generating an estimated $4 billion in revenue
The move aims to develop Emirati talent for crucial sectors through advanced training
