State funds moving greener, continuing shift from oil
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
Abu Dhabi
TAQA, Adnoc complete Masdar deal, pledge rapid expansion
TAQA and Adnoc have completed the acquisition of stakes in clean energy operator Masdar, coming in alongside Mubadala Holdings.
Adnoc stakes its claim to meet the world’s energy needs
Adnoc has the goal of being the world’s lowest-cost oil producer of choice. Unlike some of its IOC competitors, struggling to come to terms with the demands of meeting today’s energy needs and tomorrow’s transition, it is willing to put the money in.
STATS tackles ‘world first’ subsea pipeline intervention in Middle East
STATS Group has been commissioned to provide pipeline isolation, hot tapping and plugging services to the world’s largest diameter subsea pipeline intervention project in the Middle East.
Adnoc boosts capacity growth plans, sets out new unit IPO
Adnoc has brought forwards its plans to reach 5 million barrels per day of production, while boosting reserves and setting out plans for an IPO of a new gas unit.
Adnoc Drilling boasts profits up 24% amid onshore boom
Adnoc Drilling has reported its results for the first nine months of 2022, with net profit up 24% and EBITDA up 12%.
EnerQuip bags $2.5m contract to mark Middle East expansion
EnerQuip has celebrated the opening of its first sales and service centre in the Middle East with the announcement of a record $2.5 million contract award for delivery to Abu Dhabi in 2023.
Adnoc Drilling claims longest well record
Adnoc Drilling has drilled a new world record for the longest well, at the Upper Zakum concession.
Al Mazrouei defends OPEC cut as technical, calls for investments
The United Arab Emirates energy minister has defended OPEC+’s decision to cut production as a purely technical move, denying talk of discord and politics.
In Scholz’s UAE lighthouse talks, RWE scores a first LNG cargo
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
Recognising shift to gas, Mubadala Petroleum rebrands
Mubadala Petroleum has changed its name to Mubadala Energy, reflecting the company’s energy transition commitments and its gas-weighted portfolio.
Boosting clean energy transitions in emerging economies
Our climate and energy future increasingly hinges on the ability of emerging economies to successfully transition to cleaner energy production.
ADNOC Drilling lands $2bn contracts for Ghasha ‘mega-project’
ADNOC Drilling has been awarded $2bn contracts for the Hail and Ghasha “mega-project” in the United Arab Emirates (UAE).
Adnoc L&S snaps up Zakher Marine International
Adnoc Logistics & Services is buying Zakher Marine International (ZMI), an Abu Dhabi-based owner operator of offshore support vessels (OSVs).
Technip Energies, NPCC launch MENA-focused energy transition unit
Technip Energies and Abu Dhabi’s National Petroleum Construction Co. (NPCC) have agreed to establish a joint company, aiming to focus on the energy transition.
Taqa and ADNOC take control of UAE’s Masdar in $2bn deal
Taqa and ADNOC have struck a $1.9 billion deal to acquire controlling stakes in Abu Dhabi’s clean energy firm Masdar.
Mubadala leans on gas to hit the 500,000 boepd mark
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.
ADNOC makes first UK investment with 25% stake in BP H2Teesside hydrogen project
ADNOC, the UAE’s largest energy firm, has acquired a 25% stake in the BP H2Teesside project.
Adnoc sets out June IPO plan for Borouge
Adnoc and Borealis have set out plans to hold an IPO for Borouge on the Abu Dhabi Securities Exchange.
Turning flare gas into hydrogen and graphene, Levidian seals UAE deal
A pioneering company has struck a deal to help decarbonise flaring sites in the United Arab Emirates, while producing hydrogen and graphene.
UAE ruler dies, triggering race for succession
United Arab Emirates ruler Sheikh Khalifa bin Zayed Al Nahyan has died triggering 40 days of official mourning.
EnerQuip reports ‘strong start’ to 2022 with $5m in new contracts
Torque machine specialist EnerQuip has reported a strong start to 2022, securing more than $5 million in contracts around the globe.
ADNOC dishes out $227 million enhanced recovery deal for Bab field
ADNOC onshore has handed out a contract worth $227 million deal for a “first-of-its kind” technology to be used at Abu Dhabi’s Bab field.
UAE blames new blast on gas explosion as US warns citizens
The United Arab Emirates said an exploding gas cylinder was responsible for a blast that rocked the capital overnight, as the US issued another warning to its citizens to remain vigilant following a series of attacks on the Gulf country.
ADNOC mulls green bond as Gulf firms seek ESG funds
Abu Dhabi’s state oil producer ADNOC is considering the sale of a green bond for the first time, according to people with knowledge of the matter, as companies and governments in the Persian Gulf increasingly look to tap investors in sustainable assets.