ADNOC

UAE’s ADNOC Distribution revamps dividend policy, commits to $700 million or 75 percent of net profit until 2028

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

UAE’s ADNOC starts crude oil extraction from Belbazem offshore block

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

UAE commits to reducing carbon emissions under new national policy on biofuels

UAE commits to reducing carbon emissions under new national policy on biofuels

Strategic approval reinforces commitment to clean energy and climate action objectives

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Egypt’s Modern Gas to develop $533K subsidiary in Saudi Arabia

Modern Gas generated revenues of $55.2 million in 2023

ADNOC signs 15-year LNG supply deal with German energy firm

ADNOC signs 15-year LNG supply deal with German energy firm

Strategic deal reinforces ADNOC's role in global energy transition

ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend

ADNOC Drilling shareholders set to receive $358 million as H2-2023 dividend

The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024

ADNOC generates $500 million value, reduces 1 million tons CO2 by deploying AI across value chain

ADNOC generates $500 million value, reduces 1 million tons CO2 by deploying AI across value chain

The company’s AI integration is driving net-zero emissions and methane reduction goals

UAE’s ADNOC acquires 24.9 percent stake in Austria’s OMV

Banking & Finance

UAE’s ADNOC acquires 24.9 percent stake in Austria’s OMV

The transaction has increased UAE firm’s shareholdings in Borealis and Borouge

ADNOC recognized as top NOC investor in low-carbon solutions: Report

ADNOC recognized as top NOC investor in low-carbon solutions: Report

The company was also ranked 5th largest investor in the industry in 2023

ADNOC Distribution aims for 20 percent expansion in service stations in its new 5-year growth strategy

ADNOC Distribution aims for 20 percent expansion in service stations in its new 5-year growth strategy

The company will allocate $250-$300 million annually for CAPEX

UAE, France forge agreement to establish bilateral climate investment platform

UAE, France forge agreement to establish bilateral climate investment platform

The MoU took place during the 2nd plenary meeting of the UAE-France High-Level Business Council in Paris

BP plans to inject $1.5 billion in new investments in Egypt

BP plans to inject $1.5 billion in new investments in Egypt

BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.