Tag: UAE

Energy, Oil & Gas

Energy intelligence takes centre stage at Schneider Electric Summit

Schneider Electric has concluded its Innovation Summit Middle East & Africa in Abu Dhabi, highlighting energy intelligence as a key phase of the energy transition as artificial intelligence, electrification and industrial expansion reshape regional energy demand....

Energy, Oil & Gas

Lamprell named consortium partner for major UAE offshore project

Lamprell, a leading provider of contracting services to the energy sector, has announced that it has been signed up as part of a consortium with Indian construction and engineering conglomerate Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and installation project in UAE. ...

Energy, Oil & Gas

UAE marks 50 years of IAEA partnership, highlights nuclear safety

The UAE participated in the International Atomic Energy Agency (IAEA) 70th General Conference in Vienna, reaffirming its commitment to the safe and peaceful use of nuclear energy. The delegation was led by FANR Director-General Hamad Al Kaabi, marking 50 years of UAE-IAEA membership....

Energy, Oil & Gas

UAE, Germany unveil energy, tech deals worth over $5.8bn

The UAE and Germany have strengthened their strategic economic partnership with a series of agreements spanning energy, industry, renewable power and advanced technology, with the deals potentially enabling more than €5 billion ($5.8 billion) in investment....

Energy, Oil & Gas

UAE, Mongolia partner on clean energy, green hydrogen

The UAE and Mongolia have signed an MoU to expand cooperation in renewable energy and green hydrogen, including expertise sharing, skills development and potential projects. A joint working group will identify priorities, assess opportunities and support clean energy infrastructure development....

Energy, Oil & Gas

UAE energy storage market set to reach $3.25bn by 2030: Trinasolar

The UAE’s battery energy storage market is projected to reach $3.25 billion by 2030, growing at a 41.2 per cent CAGR from 2025, according to Trinasolar, underscoring the country’s position as one of the region’s fastest-growing storage markets....

Energy, Oil & Gas

Nigeria, UAE discuss boosting power generation by 5,000MW

Nigeria is in talks with the UAE on proposals to increase its electricity generation capacity by 5,000MW with solar power among the key areas of co-operation, said a report. The two countries also explored co-operation in solar energy, financing and technical expertise. ...

Energy, Oil & Gas

UAE renewable energy capacity surges 63-fold in a decade: Al Olama

The UAE’s renewable energy capacity has increased more than 63-fold over the past decade, rising from 129 MW in 2015 to more than 8.2 GW in 2025, according to Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure....

Energy, Oil & Gas

Borouge declares $656m interim dividend for 2026

Borouge, the Abu Dhabi-based petrochemicals company, has confirmed approval of an interim dividend of $656 million, equivalent to 8.1 fils per share, following its H1 2026 performance....

Energy, Oil & Gas

ADNOC Gas records robust growth in Q2; net income hits $665m

ADNOC Gas, a key subsidiary of Abu Dhabi National Oil Company, has delivered solid results for the second quarter with a net income of $665 million, above the guidance range of $400-600 million, thus reflecting strong operational performance in a challenging operating environment. ...

Energy, Oil & Gas

Al Mazrui joins Petrofac Emirates as strategic shareholder

Petrofac has announced that Al Mazrui International has completed its investment in Petrofac HoldCo Limited, the holding company of Petrofac Emirates, becoming a strategic investor alongside the company’s existing shareholder group....

Energy, Oil & Gas

Adnoc Distribution H1 net profit jumps 59pc to $568m

Adnoc Distribution reported record financial results for the first half of 2026, posting a 59 per cent year-on-year increase in net profit to $568 million, while reported EBITDA rose 39 per cent to $786 million....