Browsing: ADNOC

ADNOC and Abu Dhabi Future Energy Company (Masdar) have signed a Strategic Collaboration Agreement (SCA) with Microsoft, aiming to drive AI and low-carbon initiatives in the UAE and internationally. The focus is on decarbonising the current energy system and enabling a sustainable energy future.

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, reported significant progress in the UAE’s clean energy sector, noting that clean energy now comprises 27.83 percent of the energy mix, aiming for 32 percent by 2030.

Abu Dhabi National Oil Company (ADNOC) is anticipated to submit a formal offer to purchase Covestro for about $15.9B (€14.4B), including debt, according to a report by the Financial Times on Wednesday.

UAE’s ADNOC Group has signed a 15-year LNG supply deal with IndianOil to provide 1 million metric tonnes annually, as reported by the Abu Dhabi Media Office. The LNG will primarily be sourced from ADNOC’s low-carbon Ruwais LNG project.