ADNOC
Founded in 1971, ADNOC is a leading diversified energy group, wholly owned by the Abu Dhabi government. Its network of fully integrated businesses operates across the energy value chain. ADNOC is already a top-tier low carbon intensity oil and gas producer globally. It is allocating an initial $23 billion to advance and accelerate lower-carbon solutions, investing in new energies and decarbonization technologies to enable the net zero by 2045 ambition and its commitment to zero methane emissions by 2030.
Agreement builds on ADNOC’s longstanding strategic partnership with the DMT in establishing community service centers
ADNOC Distribution exceeded 11 billion liters in total fuel volumes, marking the highest-ever nine-month volumes
Event to feature more than 1,800 leading innovators, experts, and visionaries from fields of energy and AI
Revenue in the first nine months of 2024 rose 96 percent to a record high of $2.66 billion
ADNOC has so far deployed more than 30 AI tools from the control room to the board room
Since September 2023, over 36,000 Borouge containers have moved from Al Ruwais to Khalifa Port
The agreements were finalized in Abu Dhabi at Jiangnan Shipyard’s first Middle East office opening
A block trade will occur on the Abu Dhabi Securities Exchange (ADX) today, October 11, 2024, settling on October 15
The adoption of 3D printing offers a sophisticated digital solution for quickly producing high-quality components
The first transaction involved 505.8 million shares of Modon Holding for AED2.44 billion across six deals at AED4.83 per share
Three new conferences to feature new voices from finance, technology, youth and the Global South
Deal will further drive the diversification of ADNOC’s chemical portfolio
This translates to AED551 million or 6.6 fils per share
Turnwell adopts batch drilling, which is a method that improves efficiency and reduces costs
ADNOC Distribution to pay the second and final dividend for 2024 in April 2025
The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.
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
This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC
The innovative solution autonomously monitors equipment to optimize performance and enable preventive maintenance
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
