#ADNOC
ADNOC will become the majority shareholder in Fertiglobe, increasing its shareholding to 86.2 per cent, with 13.8 per cent remaining in free float on ADX
Based on the agreement with Etihad Rail, ADNOC employees will be able to travel between Abu Dhabi and Dhannah via the railway network in the future
The station, located in Masdar City, will produce green hydrogen from water, using an electrolyser powered by clean grid electricity
The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn
The company is increasing gas production as consumers around the world look to switch from crude and coal toward cleaner burning fuel
The energy firm is testing the world’s first fully sequestered CO2 injection well in a carbonate saline aquifer in Abu Dhabi
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The project will triple the company’s carbon capture capacity to 2.3 million tonnes per annum
The interim dividend will be paid to shareholders who have purchased Borouge shares as of September 7
Leveraging geothermal heat for district cooling operations has the potential to reduce electricity demand helping decarbonise an energy-intensive sector
The first gas from Absheron was successfully delivered in early July 2023
The company’s ambitious emissions target makes it the first in its peer group to accelerate its net zero target to 2045
ADNOC has been expanding a refining and chemicals hub in Abu Dhabi to find additional outlets for its oil and natural gas production
The new gas compressor plant is expected to substantially increase ADNOC’s gas output from the Habshan Complex
ADNOC Group has partnered with Emirati Talent Competitiveness Council to empower UAE talents to take leading roles in sustainable development of the industrial sector
Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, announced more than 30 innovative industrial projects valued over Dhs6bn on the first day of the forum
ADNOC sold 1.41 billion shares in its maritime logistics unit at Dhs2.01 a share, valuing the company at $4.05bn
The project will develop a centralised seawater treatment facility for operations at the Bab and Bu Hasa fields in Abu Dhabi
The maritime logistics firm expects the final offer price to be announced on May 26, after the book-building process
The company expects the final offer price to be announced on May 26, after the book-building process
The share sale comes just a few months after state-owned ADNOC raised $2.5bn in the listing of its gas business
The carriers have dual-fuel engine technology and use liquified petroleum gas as their primary fuel source
Ahead of COP28, the forum will explore innovations and economic opportunities supporting global efforts to net zero emissions by 2050
The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m
The two entities intend to form a new joint venture that will focus on gas development in international areas of mutual interest
Domestic deals represented 34 per cent of the total M&A value at $28.4bn while outbound deals led in value at $40.1bn
A total of five IPOs in Abu Dhabi raised $5.37bn last year with state-related entities dominating the listings
The Gulf states are accelerating the decarbonisation of their energy sectors by investing heavily in renewable energy
ADNOC is selling a 4 per cent stake in ADNOC Gas, with each of the 3.07 billion shares being offered at between Dhs2.25 and 2.43
The shipment of 137,000 cubic meters of LNG can produce enough electricity to supply approximately a quarter million German homes for a year