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.
RoboWell delivers up to 30 percent optimization in gas lift consumption and up to a 5 percent increase in operating efficiency
His Highness met with heads of global energy companies to discuss the future of the sector
The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks
ADNOC aims to achieve a 5 percent energy efficiency improvement by 2025
The 5G network is projected to generate $1.5 billion in value during the first five years of its operation
These new rigs will support the growing operations at the offshore Zakum field
Last year, ADNOC implemented over 30 AI tools to improve the efficiency of its projects
Sovereign wealth funds globally invested $64.2 billion in 135 deals while PPFs spent $31.9 billion on 101 deals in H1 2024
LNG carriers will be delivered by 2028 and time chartered for 20 years to ADNOC Group subsidiaries
Petrol prices have reduced for the second time in July after dropping in June
The expected cumulative minimum yield from this new dividend policy during the 2024-2028 period is more than 27 percent
Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa
Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business
Following the redemption, ADNOC Distribution’s free float remains unchanged at 23 percent
ADNOC L&S will acquire the remaining 20 percent ownership of Navig8 in 2027
UAE's GDP real growth is projected to accelerate to 3.9 percent in 2024
Petrol prices have reduced for the first time in June after rising month-on-month since February
Company aims to raise the number of EV charging points to 200 by the end of this year
This is up from the previous target of $19 billion by 2027
The forum features a diverse range of participants, including government, business, and financial representatives
The previous two editions generated AED121 billion ($33 billion) worth of local procurement opportunities
ADNOC will retain the majority 78.5 percent of ADNOC Drilling
Mozambique's Coral South LNG development has a production capacity of almost 3.5 mtpa
