Browsing: Energy investment

ADNOC Drilling has agreed to purchase a 70% share in SLB’s onshore drilling operations in Oman and Kuwait, establishing a joint venture valued at up to $112 million. This strategic move, anticipated to conclude in the first quarter of 2026, will grant ADNOC Drilling access to eight operational onshore rigs—six located in Oman and two in Kuwait.

President Donald Trump, during the final stop of his business-focused Gulf tour, announced that the United Arab Emirates and the United States had established a pathway for the UAE to acquire advanced AI semiconductors from American firms—a notable achievement for Abu Dhabi as it strives to position itself as a leading global centre for AI.

Adnoc’s global investment subsidiary, XRG, has acquired a 38% share in an offshore natural gas condensate project in Turkmenistan from Malaysia’s Petronas.

Barclays Bank, one of the world’s leading global financial institutions, has officially launched equity coverage…

The United States and Saudi Arabia are preparing to sign a preliminary energy investment agreement,…

Abu Dhabi’s state oil company, ADNOC, is currently in the early phases of assessing a potential bid for the U.S. natural gas assets owned by Aethon Energy Management, according to a source with knowledge of the matter.

The United Arab Emirates has announced a $1.4 trillion investment in the U.S. over the…

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.

Saudi Arabia’s Aramco has granted $25B in contracts as it aims to significantly expand its gas network.

Four potential buyers – China Three Gorges, UAE-based company Masdar, and French energy firms Engie and Total are expected to submit final bids to acquire Spanish renewable energy firm Saeta Yield, as reported by Cinco Dias on Friday.