Browsing: decarbonisation

President Sheikh Mohamed bin Zayed Al Nahyan chaired ADNOC’s annual board meeting at its headquarters, where he approved the launch of XRG, a company focused on lower-carbon energy and chemicals. XRG aims to accelerate ADNOC’s global expansion and meet the rising demand for natural gas, chemicals, and low-carbon energy sources.

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.

Dubai has once again secured its place among the top five cities in the 2024 International Shipping Centre Development Index (ISCD), according to a report by the Baltic Exchange and Xinhua News Agency. This marks the fifth consecutive year that Dubai has ranked fifth, maintaining its position as the only Arab city in the top 20, alongside Singapore, London, Shanghai, and Hong Kong.

ADNOC has awarded a contract valued at $5.5B to NMDC Energy, in collaboration with Technip Energies and JGC Corporation, for the engineering, procurement, and construction (EPC) of the lower-carbon Ruwais LNG project, situated in Al Ruwais Industrial City, Abu Dhabi.