UAE’s ADNOC awards multibillion gas expansion contracts
UAE’s ADNOC Group has awarded contracts worth $16.9bn to develop an offshore natural gas field that will operate with net zero carbon dioxide emissions. The two engineering, procurement and construction […]
ADNOC Distribution to use biofuel to power its UAE vehicle fleet
ADNOC Distribution said its UAE heavy vehicle fleet will be powered by biofuel, a move that is set to reduce carbon dioxide emissions from the fleet by 15 per cent. […]
ADNOC Distribution board approves $350m interim dividend
ADNOC Distribution’s board of directors has approved an interim dividend of $350m (Dhs1.3bn) for the first six months of 2023, equivalent to 10.3 fils per share. The interim dividend represents […]
ADNOC Distribution launches 3 service stations in Egypt
ADNOC Distribution , the UAE’s largest fuel and convenience retailer, has inaugurated three ADNOC service stations in Egypt, strategically located in key areas across Greater Cairo to offer a full […]
ADNOC & TAQA reach financial close on sustainable water supply project
ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2 billion (AED8.3 billion) strategic project in order to provide sustainable water supply for ADNOC’s […]
UAE’s ADNOC Group to invest in Habshan carbon capture
UAE’s ADNOC Group has reached a final investment decision to develop the Habshan carbon capture utilisation and storage (CCUS) project. The CCUS project will have the capacity to capture and […]
OMV enters talks with ADNOC to form global chemical giant
Austria’s OMV is entering talks with Abu Dhabi National Oil Company (ADNOC Group) about combining some of their assets to create a chemicals and plastics giant. OMV’s executive board decided […]
ADNOC L&S reports 79% rise in Q1 net profit
ADNOC Logistics & Services (ADNOC L&S), which is expected to list its shares on the Abu Dhabi Securities Market on Thursday following an IPO, reported Q1 2023 net profit of […]
ADNOC Drilling posts 25% jump in Q1 net profit
ADNOC Drilling Co., a subsidiary of Abu Dhabi’s state oil company ADNOC, reported a Q1 2023 net profit of $219 million, 25% higher year-on-year (yoy) on the driven by onshore […]
UAE’s Jaber urges donors to deliver on $100 bln pledge to developing countries
The UAE’s president-designate of the COP28 climate summit urged donors to deliver on a $100 billion pledge promised 14 years ago to developing countries and blamed delays in delivery for […]
