LNG

ADNOC completes $2.84 billion offering of ADNOC gas shares with 4.4x oversubscription

Offering was priced at AED3.40 per share, roughly 43 percent above the IPO price of AED2.37 per share

Oil prices climb to $75.87 amid concerns over Trump’s tariffs

Such tariffs could potentially hinder global economic growth as well as energy demand

ADNOC Gas net income grows 13 percent to record $5 billion in 2024

Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume

Saudi Aramco CEO anticipates 1.3 million barrels per day increase in oil demand this year

Oil demand in 2025 is projected at nearly 106 million barrels per day, up from 104.6 million

PCFC completes first LNG bunkering operation in Dubai

This initiative positions Dubai as a leader in sustainable energy and reduces the maritime sector's carbon footprint

ADNOC L&S receives first new-build LNG carrier from Jiangnan Shipyard

Shipyard delivered the vessel two months ahead of schedule and expects to deliver the remaining five in 2025 and 2026

Sheikh Hamdan bin Zayed attends groundbreaking ceremony of Ruwais LNG Project in Al Dhafra Region

ADNOC is investing approximately AED175 billion in the Ruwais LNG, Hail and Ghasha, Borouge 4 and TA’ZIZ mega-projects

ADNOC Gas to acquire 60 percent stake in Ruwais LNG for $5 billion from ADNOC

The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa

ADIPEC 2024: ADNOC L&S signs contracts worth $4.4 billion for 23 supertankers

ADNOC L&S has the largest diversified fleet in the region, with over 800 owned, operated and chartered vessels

ADNOC, SEFE ink 15-year purchase agreement for Ruwais LNG project

The LNG will primarily come from the Ruwais LNG project, with deliveries expected to start in 2028

Qatar affirmed at ‘AA/A-1+’; outlook stable: S&P

Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project

ADIPEC 2024: Dr. Sultan Al Jaber highlights AI, data centers’ impact on global energy systems

In the next six years, data centers will more than double, requiring at least 150GW of installed capacity by 2030 and double that again by 2040