6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: AbU Dhabi

Energy, Oil & Gas

ADNOC committed to $150bn energy capital expenditure, says Dr Al Jaber

ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience....

Energy, Oil & Gas

Abu Dhabi solar capacity to top 30GW by 2035, says EWEC

EWEC (Emirates Water and Electricity Company) has revealed that it is increasing Abu Dhabi's solar capacity by almost 2,000 per cent between 2020 and 2030, with a forecasted 17.5 gigawatts (GW) of installed capacity. ...

Energy, Oil & Gas

Mubadala, Tubacex launch TBX Nexxia energy platform in Abu Dhabi

Mubadala and Tubacex have launched their Abu Dhabi joint venture, activating the region’s first Oil Country Tubular Goods (OCTG) manufacturing platform and TBX Nexxia brand, delivering advanced corrosion-resistant alloy solutions through an end-to-end industrial system....

Energy, Oil & Gas

Abu Dhabi's Global South Utilities boosts Africa renewables portfolio

Abu Dhabi-based Global South Utilities (GSU) has achieved several major milestones in 2025, including the expansion of its renewable energy portfolio across Africa, thus contributing to powering more than 500,000 homes. In Egypt, it was part of an international consortium to develop a $220m solar plant facility. ...

Energy, Oil & Gas

Mubadala assets under management up 17% to $385bn

Mubadala Investment Company, an Abu Dhabi–based sovereign investor, today reported strong financial performance in its 2025 annual results with its assets under management growing 17 percent to AED1.4 trillion ($385 billion), with annualised five- and ten-year returns exceeding 10 percent....

Energy, Oil & Gas

One dead, several injured in Iranian drone attack on Abu Dhabi gas facility

Abu Dhabi authorities have announced that one person was killed and four others were wounded in an Iranian drone strike at Habshan gas facilities yesterday. Also two fires broke out at the gas facilities as a result of this incident, stated the authorities, leading to significant damage. ...

Energy, Oil & Gas

Sharp increase in UAE fuel prices

The UAE has increased fuel prices sharply for April 2026 amid rising oil prices globally, following the Middle East conflict and closure of Strait of Hormuz by Iran....

Energy, Oil & Gas

Abu Dhabi confirms readiness, efficiency of energy, water ecosystem

Abu Dhabi Department of Energy has confirmed the readiness and efficiency of the emirate's energy and water ecosystem following field visits to several of its vital utility facilities. This comes in line with its efforts to advance sustainability while strengthening energy and water security in the emirate. ...

Energy, Oil & Gas

Adnoc, OMV forge ahead with big Borouge Group International merger

Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi. ...

Energy, Oil & Gas

AD Ports, Nimex break ground on new LPG storage terminal at Kezad

AD Ports Group has joined hands with Abu Dhabi-based Nimex Terminals for the groundbreaking of UAE's first private-sector liquified petroleum gas (LPG) terminal hub at Khalifa Port. The Phase I of the project is likely to be commissioned within the next three years. ...

Energy, Oil & Gas

SLB wins multiple offshore drilling contracts for Tangkulo Deepwater in Indonesia

SLB, an energy technology company, has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia....

Energy, Oil & Gas

ADNOC Gas delivers record $5.2bn net income in 2025

ADNOC Gas and its subsidiaries today announced a record net income of $5.2 billion, a 3% increase compared to 2024, demonstrating structurally resilient earnings and an ability to perform consistently through commodity cycles. ...

Energy, Oil & Gas

Abu Dhabi launches solar energy self-supply policy

The Abu Dhabi Department of Energy (DoE) has launched the Solar (Photovoltaic) Energy Self-Supply Policy in Abu Dhabi, enabling customers to improve daytime electricity efficiency and increase reliance on clean and renewable energy sources through the adoption of smart and flexible energy-consumption solutions....

Energy, Oil & Gas

Borouge achieves $1.1bn 2025 net profit in 2025

Borouge, an Abu Dhabi–based petrochemicals company, has announced financial results for FY2025, with net profit of $1.1 billion, an industry-leading adjusted EBITDA margin of 37 per cent and a net profit margin of 19 per cent for the full year....

Energy, Oil & Gas

WFES 2026 attracts over 51,000 visitors from 124 countries

The 18th edition of the World Future Energy Summit 2026 (WFES 2026), held from January 13–15 at ADNEC Centre Abu Dhabi as part of Abu Dhabi Sustainability Week, recorded unprecedented participation, hosting more than 51,200 attendees from 124 countries, including 15 heads of state....

Energy, Oil & Gas

Emerald Resources, LVC Global to launch Abu Dhabi natural-resource platform

Emerald Resources and LVC Global Holdings are merging to form Emerald Global Resources (EGR), an Abu Dhabi–headquartered natural-resource platform. Combining Emerald’s international presence with LVC’s Africa-focused expertise, EGR will operate across metals, minerals, oil and gas, and integrated resource logistics....

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