Browsing: energy sector

Dana Gas and its partner Crescent Petroleum, alongside other members of the Pearl Petroleum Consortium, have announced that cumulative output from the Khor Mor field— the largest non-associated gas field in Iraq—has surpassed 500 million barrels of oil equivalent (MMboe). This marks a major milestone in the field’s ongoing expansion since operations began in the Kurdistan Region of Iraq (KRI) in 2008.

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), has introduced DEWA’s strategic roadmap to become the world’s first AI-native utility, integrating artificial intelligence (AI) across all key operations.

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.

The 49th edition of Middle East Energy (MEE), which shapes the energy sector in the region and Africa, will upscale industry insights as it more than doubles its conference tracks, expanding from three to six for 2025. Organised by Informa Markets, MEE 2025 will run from April 7-9 at the Dubai World Trade Centre (DWTC) and its conference series will bring together over 150 energy leaders and experts from across the region and the globe to explore innovative solutions and transformative sector advancements.

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.

Dana Gas, headquartered in the UAE and recognised as the largest private natural gas entity in the region, reported a 15% year-on-year (YoY) increase in net profit for Q4 2024, amounting to AED 143 million (USD 39 million). The rise was attributed to enhanced revenue and reduced financing costs. The company also indicated plans to reinstate dividend payments.

Seatrade Maritime Qatar opens its doors to the maritime industry today, Tuesday 4th February 2025, showcasing…

ADNOC Gas, in collaboration with Baker Hughes, has successfully deployed a new technology that captures carbon from methane, the primary component of natural gas, and converts it into graphene. This breakthrough, developed by the British climate tech firm Levidian, has been implemented at ADNOC Gas’ Habshan Gas Processing Plant, marking the first use of the LOOP technology at an operational gas processing site.

The UAE participated in the 113th ministerial meeting of the Arab Energy Organisation (AEO) held today in Kuwait, with oil and energy ministers from member states in attendance.