ADNOC will support the UAE economy by encouraging investments through In-Country Value programme
Energy
Major UAE infrastructure projects in 2024: Nuclear power, airport expansion, new roads
UAE infrastructure projects in 2024 have seen investment in transport, energy and security
Abu Dhabi
UAE petrol prices to change for January 2025
UAE petrol prices increased last month following a reduction the month before and will change again this week
Oman
Shell Oman in talks to sell storage, supply facilities
The company disclosed to the Muscat Stock Exchange that the move is part of its broader strategy to optimise its asset portfolio and deliver enhanced returns for shareholders
Abu Dhabi
ADNOC Drilling expands UAE fleet with arrival of two new jack-up rigs
This takes the fleet size to 142 rigs, making the company among the largest rig fleet owners in the world
Abu Dhabi
Masdar announces two major deals in Spain’s Iberian Peninsula
The UAE clean energy company acquires Saeta and enters into a partnership with Endesa that includes 49.99% stake
Drydocks World
Drydocks World inaugurates multi-million dollar expansion to lead global marine, offshore wind projects
The South Yard features the Middle East and Africa’s largest load-out jetty, capable of handling structures weighing up to 37,000 tonnes
Abu Dhabi National Oil Company
Covestro shareholders accept ADNOC’s XRG $15bn takeover offer
The deal is reportedly the largest recorded foreign acquisition by a Gulf company
electric vehicle
UAE announces electric vehicle charging fees for 2025
UAEV reveals fees for electric vehicle charging, after months of free operations
net-zero emissions
Kanoo Energy, India’s Adage Automation launch new venture to advance UAE’s net-zero emissions goals
The venture will provide tailored solutions for industries such as oil and gas, petrochemicals, and utilities
chemical industry
LyondellBasell opens Riyadh office at KAFD to expand Saudi operations
With $41.1 billion in revenue in 2023, the American company is one of the biggest chemical producers in the world
Abu Dhabi
ADNOC Drilling announces joint venture with SLB, Patterson-UTI to create Turnwell
The joint venture will look to tap Abu Dhabi’s staggering reserves of unconventional oil and gas
ADNOC
ADNOC’s XRG forms Arcius Energy, a joint venture with BP
Arcius to start operations in Egypt, which includes interests assigned by BP across two development concessions
ADNOC Distribution
ADNOC launches AI-powered chatbot to support investors
ADNOC Distribution launches AI chatbot ARIF to support investor relations in English and Arabic
ADNOC Gas secures Worley Engineering for Bab Gas Cap project
The project aims to increase ADNOC Gas’ current processing capacity by over 1.8 billion standard cubic feet per day (scfd), representing a 20 percent boost
ADNOC
ADNOC launches $80bn low-carbon energy investment company XRG
ADNOC launches XRG as it looks to develop lower-carbon energy and chemicals investments
Abu Dhabi
UAE petrol prices slashed for December 2024; now at cheapest point this year
UAE petrol prices to fall in December, following a reduction to the cheapest levels seen this year