Browsing: ADNOC

U.S. Secretary of Energy Chris Wright has completed his inaugural international visit to the UAE since taking office, reaffirming the robust and longstanding strategic relationship between the two nations.

The United Arab Emirates has committed to a $1.4 trillion investment in the United States over the next decade following discussions between senior UAE officials and former U.S. President Donald Trump, the White House announced.

Abu Dhabi’s renewable energy firm Masdar and Spanish power utility Endesa are nearing a deal where Masdar would pay approximately USD 200M for a 49.9% stake in a solar portfolio managed by Endesa, according to two sources familiar with the matter and a document reviewed by Reuters.

Borouge, ADNOC’s petrochemical joint venture, plans to buy back up to 2.5% of its issued…

Abu Dhabi’s state-owned energy giant, ADNOC, has completed its first transactions using the S&P Global Platts pricing mechanism for Dubai crude, an uncommon move for a Middle Eastern producer.

ADNOC’s joint venture, Borouge, is making a significant move to strengthen its position in the…

The Department of Energy (DoE) hosted the Abu Dhabi Energy and Water Forum, drawing participation from senior officials and representatives of various government and private sector organizations in the Emirate of Abu Dhabi.

The Abu Dhabi National Oil Company (Adnoc) has announced its plan to offer 3.1 billion…

ADNOC Group’s listed companies reported AED 182.4B (USD 49.7B) in revenue for 2024, with EBITDA reaching AED 58.7B (USD 16B) and net profit exceeding AED 33B (USD 9B). The six firms plan to distribute AED 24.6B (USD 6.7B) in dividends, subject to shareholder approval, reinforcing their strategies for sustainable growth and shareholder returns.

Abu Dhabi-listed Borouge has reported a strong financial performance for the fourth quarter of 2024,…