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.
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
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
Total submissions increase by 16 percent over last year
