ADNOC
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
