Adnoc Drilling is prepared to support an increase in the UAE’s oil production capacity beyond the planned 5 million barrels per day by 2027, pending approval from the government, the company’s Chief Financial Officer told Reuters....
ADNOC Gas reported $1.1 billion net income in Q1 2026, demonstrating strong operational and financial performance despite regional uncertainty, energy-sector disruption, and maritime challenges affecting movements through the Strait of Hormuz....
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. ...
The UAE is entering “a new chapter” in which it is reshaping its place in the global economy with “confidence, clarity, and ambition”, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology....
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....
For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report....
The UAE Fuel Price Committee announced May 2026 fuel prices, keeping diesel unchanged to support logistics and supply chains, while petrol saw minor adjustments reflecting global trends under a flexible, transparent monthly pricing system ensuring market stability. ...
Borouge, an Abu Dhabi–based petrochemicals company, reported $1.2 billion revenue, $343 million EBITDA and $156 million profit in Q1 2026. Production hit 1.21 million tonnes at 98 per cent capacity, while 61 per cent of March output was rerouted amid Strait of Hormuz logistics disruptions. ...
The United Arab Emirates’ planned exit from OPEC and OPEC+ from May 2026 is expected to have limited immediate impact on oil markets in the near term but could weaken the group’s supply management over time, HSBC said, while OPEC+ sources signalled the alliance would remain broadly intact....
The UAE’s decision to exit Opec and Opec+ marks a significant turning point in global oil markets, said a leading market analyst, highlighting shifting geopolitical dynamics and evolving supply expectations. The UAE is leaving the alliance effective May 1, ending nearly six decades of membership. ...
In a shock move poised to rattle global oil markets, the UAE has announced it will exit the Organisation of the Petroleum Exporting Countries and its wider Opec+ grouping, effective May 1, 2026....
Integrated Global Services (IGS) research shows 46 per cent of oil and gas assets in Saudi Arabia and UAE operate beyond design life, with 83 per cent still confident in performance despite downtime losses and growing focus on efficiency and reliability. ...
The UAE has presented its Tenth National Report at the Review Meeting of the Contracting Parties to the Convention on Nuclear Safety (CNS), held at the International Atomic Energy Agency (IAEA)....
The UAE Ministry of Investment signed an MoU with Jereh Group to develop a energy industrial platform, strengthening UAE-China ties and positioning UAE as a hub for energy technologies including SMRs, anode production, battery recycling....
Marine fuel sales at UAE’s Fujairah port hit a record low in March, as the US-Iran conflict disrupted supply and demand at the key Gulf refuelling hub, with bunker volumes falling to 158,852 cubic metres....
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported....
The UAE Ministry of Energy and Infrastructure (MoEI) has announced the launch of a strategic project to implement microgrid systems, marking a significant step forward in strengthening the UAE’s approach to building a smart, resilient, and adaptive energy ecosystem....
The eight OPEC+ countries, namely the UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, have announced an adjustment to oil production levels, reaffirming their joint commitment to supporting stability in global oil markets, said a report. ...
Senior UAE authorities have reported damage at a major plant of leading petrochemicals company Borouge located in Abu Dhabi after falling debris from an air defence interception ignited three fires, but no injuries were reported. Earlier, authorities said operations at the plant were suspended because of the blaze. ...
The UAE is strengthening its role as a global clean energy investment hub through major 2026 projects by national firms, supporting sustainable energy delivery across Asia, Africa and Europe while boosting growth and reducing carbon emissions....
