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The Group posted revenues of $11.3 billion, reflecting a 6 percent increase from the same period in 2023
The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa
Agreement encompasses the offtake of 0.4 million metric tons per annum of LNG from Oman LNG for four years starting in 2026
Current public revenues reached OMR2.2 billion, down from OMR2.334 billion during the same period in 2023
Brent futures climbed by $1, or 1.36 percent, reaching $74.56 per barrel
The Omani government, along with many state-owned enterprises (SOEs), is continuing to deleverage its balance sheet
Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event
The non-oil sector is expected to grow by 4.6 percent year-on-year in 2024
Deal-making in the region remained active, with 214 transactions recorded in H1 2024
The LNG will primarily be sourced from ADNOC's Ruwais LNG project
Saipem will be responsible for the EPCI three production deck modules, 33 km of subsea pipelines, and 34 km of power cables
The company eyes more offshore concessions in Turkmeinistan
The well was drilled to a depth of 270 feet into the Paleozoic sands
If every new car sold in the world in 2035 were electric, oil demand in 2050 would still be 85 million barrels per day
The country is reviving ambitions to become regional LNG hub after clearing petroleum sector arrears
Brent crude futures, expiring in October, fell 0.1 percent to $80.94 a barrel
The report expects robust demand in Western economies, especially the US, which consumes one-third of global gasoline
Brent crude oil futures for the October delivery rose 0.5 percent to $81.09 per barrel
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
This represents 31 percent increase YoY
The surplus was directed towards reducing public debt, and therefore there is no cash surplus
LNG production trains allow the government to improve operational efficiency, maximize the use of existing facilities
Cheiron Energy to increase natural gas production from the West Burullus offshore field development project
Expected to begin operations in Q3 2027, the Madinat Zayed project will provide up to 1.5 gigawatts of backup generation
