4/29/2026 10:00:23 AM (Volume: 43 / Issue: 5)
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Tag: Adnoc

Energy, Oil & Gas

Adnoc first Emirati brand to enter Global Top 100

Adnoc has been named the first Emirati brand to enter the Top 100 most valuable global brands and retained its position as the UAE's most valuable brand for an eighth consecutive year, according to a new report from Brand Finance, the world's leading independent brand valuation consultancy....

Energy, Oil & Gas

McDermott eyes $1.5bn Adnoc offshore EPC contracts

McDermott International is set to secure multiple offshore engineering, procurement and construction (EPC) contracts from Abu Dhabi National Oil Company (Adnoc), with a combined value estimated at up to $1.5 billion. These awards are linked to ADNOC’s ongoing offshore oil and gas expansion programme and reinforce McDermott’s strong positioning in the Middle East offshore EPC market. ...

Energy, Oil & Gas

ADNOC secures $11bn financing for Hail & Ghasha gas development

Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has signed a landmark structured financing transaction of up to AED40.4 billion ($11 billion) to monetise Hail and Ghasha’s midstream future gas production....

Energy, Oil & Gas

ADNOC approves $150bn capex for 2026-30

ADNOC Board of Directors, presided over by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has approved a capex of $150 billion (AED551 billion) for 2026-2030 to maintain ADNOC’s current operations and drive smart growth....

Energy, Oil & Gas

Adnoc deepens energy partnerships with Chinese companies at CIIE

Adnoc and its subsidiaries participated in the 8th China International Import Expo, showcasing energy products and signing agreements with CNOOC and others to strengthen partnerships and explore trading. Borouge also secured agreements for renewable energy materials and recycling infrastructure development....

Energy, Oil & Gas

Adnoc listed companies deliver $2.67bn net profit in Q3 2025

Adnoc Group's listed companies achieved record financial results for Q3 and the first nine months of 2025, with a net profit exceeding $2.67 billion. This highlights strategic execution and operational excellence, ensuring long-term value for shareholders....

Energy, Oil & Gas

Fertiglobe reports revenues of $758m in Q3 2025

Fertiglobe, a seaborne urea and ammonia exporter under Adnoc, announced strong Q3 2025 revenues of $758 million, up 53 per cent year-over-year. Adjusted EBITDA rose 69 per cent to $286 million, and adjusted net profit surged to $134 million from $28 million last year....

Energy, Oil & Gas

ADIPEC 2025 delivers $46bn in deals; sets bold agenda for future energy

ADIPEC 2025, the world’s largest energy event, closed on Thursday, after another record-breaking year, delivering $46 billion through 35,000 cross-sector deals and bringing together a record 239,709 attendees – 17% up from 2024 – to set the agenda for the future of global energy. ...

Energy, Oil & Gas

Schneider Electric focuses on AI-powered production in Gulf

Schneider Electric has entered a new phase of industrial expansion in the UAE and the wider Middle East, driven by a shift toward autonomous, AI-powered production that enables highly efficient industrial operations with minimal human intervention, said Walid Sheta, Schneider Electric's President of the Middle East & Africa region....

Energy, Oil & Gas

Adnoc signs 15-year supply deal with Shell for Ruwais LNG project

Adnoc has announced a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of Shell, for the delivery of up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG)....

Energy, Oil & Gas

Masdar, XRG, Microsoft to enhance AI in Adnoc's value chain

Adnoc, Masdar, XRG, and Microsoft announced a strategic agreement to accelerate artificial intelligence (AI) deployment across Adnoc’s value chain, and to deliver energy solutions for Microsoft’s global AI and data centre growth....

Energy, Oil & Gas

88pc of leaders say AI essential to energy transformation: report

A new report by Adnoc and Microsoft indicates that AI is transforming the energy sector, especially in distribution and emerging solutions like predictive maintenance and smart grid management. Notably, 88 per cent of respondents believe scaling AI is crucial for energy transformation....

Energy, Oil & Gas

Adnoc Drilling revenue up 27pc to $3.63bn

Adnoc Drilling Company has reported financial results for the third quarter (3Q) and the first nine months of 2025. The highlights of the 9 months 2025 performance showcase significant growth, with revenue hitting $3.63 billion, reflecting a 27 per cent increase year-on-year....

Energy, Oil & Gas

Adnoc companies to distribute $43bn in dividends by 2030

Adnoc has announced a target to distribute $43 billion in dividends across its six publicly listed companies through to 2030, subject to customary approvals, in addition to the $23 billion already paid since the first company IPO in 2017....

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