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.
Belbazem offshore block's production capacity set to increase: 45,000 bpd of crude oil and 27 million mmscfd of gas
Strategic approval reinforces commitment to clean energy and climate action objectives
Modern Gas generated revenues of $55.2 million in 2023
Strategic deal reinforces ADNOC's role in global energy transition
The dividend will be paid to all record shareholders as of March 21, 2024, on or around April 3, 2024
The company’s AI integration is driving net-zero emissions and methane reduction goals
The transaction has increased UAE firm’s shareholdings in Borealis and Borouge
The company was also ranked 5th largest investor in the industry in 2023
The company will allocate $250-$300 million annually for CAPEX
The MoU took place during the 2nd plenary meeting of the UAE-France High-Level Business Council in Paris
BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.
Introducing authorized quick service stations for range-extended Rabdan one EVs
Growth driven by strong demand for transmission and distribution services
The formation of the JV is expected to be complete later this year.
Revenue was up 14 percent at AED45.4 billion for the year.
Company outlines ambitious growth plans for 2024 and beyond
Establishing the COP Presidencies Troika with Azerbaijan and Brazil
Global demand for LNG rises in sustainable energy transition
Project involves world's largest power cable-laying vessel, Leonardo da Vinci
GCC countries witnessed 46 issuances with total proceeds worth $10.79 billion
Company also aims to inject $48.5 bn back into UAE economy over next 5 years
Expanding global footprint into carbon capture and storage initiatives
