Tag: Adnoc

Energy, Oil & Gas

Adnoc listed companies generate $11.8bn in Q1 revenue

Adnoc listed companies reported resilient Q1 2026 results, generating combined revenues of $11.8 billion, EBITDA of $3.7 billion and net profit of $2.2 billion across six portfolio companies. ...

Energy, Oil & Gas

UAE fast-tracks new oil pipeline, set to double export capacity via Fujairah

The UAE is accelerating construction of a major new oil pipeline that will double ADNOC’s crude export capacity through the emirate of Fujairah, strengthening the country’s ability to ship oil to global markets without relying on the strategically vital but increasingly vulnerable Strait of Hormuz....

Energy, Oil & Gas

Alfa Laval CEO reaffirms commitment to Mideast customers

Alfa Laval, an expert in heat transfer, separation, and fluid handling technologies, reaffirms its long-term commitment to the Middle East during a two-day visit by Alfa Laval President and CEO Tom Erixon to the UAE....

Energy, Oil & Gas

Adnoc expands downstream projects to boost UAE manufacturing

Adnoc is accelerating Ruwais’ industrial transformation through AED200 billion ($55 billion) in planned project awards for 2026-2028, expanding downstream investments, strengthening In-Country Value, and supporting the UAE’s Make it in the Emirates industrial growth initiative. ...

Energy, Oil & Gas

ADNOC becomes first partner to back UAE's new industrial fund

The UAE Ministry of Industry and Advanced Technology (MoIAT), Emirates Development Bank (EDB), and ADNOC have signed a memorandum of understanding, making ADNOC the first partner to support the UAE Cabinet's newly announced AED1 billion National Industrial Resilience Fund (NIRF)....

Energy, Oil & Gas

Adnoc unveils five initiatives to strengthen UAE industrial capacity

Adnoc launched its Industrial Resilience Programme at the ‘Make it in the Emirates’ forum, unveiling five initiatives to strengthen UAE supply chains, boost local manufacturing, enhance business continuity and build sustainable industrial capacity across sectors....

Energy, Oil & Gas

Arcius Energy invests $500m to develop Harmattan gas field

Arcius Energy, backed by BP and Adnoc’s XRG, approved a $500 million final investment decision to develop Egypt’s Harmattan gas field in the El Burg offshore concession, aiming to boost natural gas production for domestic demand. ...

Energy, Oil & Gas

Adnoc, OMV announce executive leadership for Borouge Group

Adnoc and OMV announced the executive leadership team and Supervisory Board of Borouge Group International, a global polyolefins champion to be formed through the combination of their shareholdings in Borouge and Borealis, followed by the acquisition of NOVA Chemicals....

Energy, Oil & Gas

Weaponising Strait of Hormuz is economic terrorism, says ADNOC chief

Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG....

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

Adnoc ensures continuity of operations amid regional developments

Adnoc confirms ongoing operations amid regional disruptions, activating safety protocols, managing offshore production, using alternative export routes, maintaining onshore activities, and proactively communicating with customers to ensure supply continuity and protect people, assets, and facilities....

Energy, Oil & Gas

Adnoc Group's listed companies report $51.8bn in revenues for 2025

Adnoc Group’s listed companies posted record 2025 results, sustaining momentum across its integrated value chain and delivering on growth and shareholder commitments outlined at its October Investor Majlis. The six firms generated AED190.1 billion ($51.8 billion) in revenue, AED61.3 billion EBITDA, and AED35.8 billion net profit. ...

Energy, Oil & Gas

Adnoc, RWE strengthen European LNG collaboration

Adnoc and RWE Supply & Trading (RWE) announced a strategic collaboration to explore LNG supply of up to 1 mtpa to Germany and Europe for up to 10 years. The agreement also includes potential cooperation in LNG trading, regasification, and broader opportunities across the gas and LNG value chain....