Browsing: Energy

Unpredictable monsoons, record-breaking heatwaves, and global supply chain disruptions are exposing just how fragile energy…

NMDC Energy has announced robust financial results in its first full-year earnings since going public in September 2024. The company’s net profit surged 80 per cent year-on-year to AED 1.41B (USD 380M), up from AED 780M (USD 212.4M), driven by strong operations and strategic expansions.

Italy’s gas grid operator Snam has announced its decision to sell its indirect minority stake…

The UAE is gearing up to announce petrol prices for February 2025 later this week.…

ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest mobility and convenience retailer, announced today…

Adnoc has signed its third Sales and Purchase Agreement (SPA) for the Ruwais lower-carbon liquefied natural gas (LNG) project with Germany’s EnBW Energie Baden-Württemberg AG, a leading European energy infrastructure operator.

ADNOC Gas, in collaboration with Baker Hughes, has successfully deployed a new technology that captures carbon from methane, the primary component of natural gas, and converts it into graphene. This breakthrough, developed by the British climate tech firm Levidian, has been implemented at ADNOC Gas’ Habshan Gas Processing Plant, marking the first use of the LOOP technology at an operational gas processing site.

Emirates Nuclear Energy Company (ENEC) has launched ENEC Consulting, a strategic advisory subsidiary aimed at supporting the global expansion of civil nuclear energy programmes and infrastructure. This move follows ENEC’s rebranding efforts and its ambition to become a global leader in nuclear energy solutions. The new subsidiary will leverage over 15 years of experience, particularly from the successful delivery of the UAE Peaceful Nuclear Energy Programme and the Barakah Nuclear Energy Plant, which achieved full-fleet operations in September 2024.

NMDC Energy, an Abu Dhabi-based EPC services provider, has officially opened a state-of-the-art fabrication yard…

Aldar Properties has secured an AED 9B (USD 2.45B) sustainability-linked syndicated senior unsecured multi-tranche revolving credit facility (RCF). This marks the largest sustainability-linked syndicated financing deal completed by a real estate company in the Middle East.