Browsing: decarbonisation

ADNOC Logistics and Services (ADNOC L&S), a key player in global energy maritime logistics, has partnered with US-based Regent to trial its electric seaglider, assessing its suitability for transporting personnel to and from offshore facilities.

Dubai-based DP World has progressed to the second stage – a year-long field trial – after successfully completing the initial testing of its hydrogen fuel cell-powered rubber-tyred gantry (RTG) crane.

Nasdaq Dubai has listed the Middle East and North Africa’s first corporate Blue Bond, a USD 100M issuance by DP World, a leading global supply chain solutions provider. The bond, issued under DP World’s USD 10B Global Medium-Term Note Programme, carries a 5.250% coupon rate and matures in 2029. It secured a spread of 99.6 basis points (bps) above US Treasuries, the tightest spread achieved by DP World in both bond and Sukuk markets. The proceeds will support sustainable initiatives, including marine transportation, port infrastructure, and water-positive projects, reflecting the region’s growing commitment to sustainable finance.

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.