9/30/2026 7:15:56 PM (Volume: 43 / Issue: 10)
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Tag: UAE

Energy, Oil & Gas

Borouge posts 23pc jump in Q2 profit, maintains dividend outlook

Borouge, an Abu Dhabi–based petrochemicals company, reported a 23 per cent quarter-on-quarter increase in net profit to $191 million in the second quarter of 2026, up from $156 million in the first quarter, supported by sales volumes of 0.9 million tonnes and stronger product pricing....

Energy, Oil & Gas

Adnoc updates crude pricing methodology

Abu Dhabi National Oil Company (Adnoc) has announced changes to the Official Selling Price (OSP) methodology for its Abu Dhabi crude grades following a routine commercial review. The new pricing mechanism will take effect on November 1, 2026....

Energy, Oil & Gas

Taqa launches $750m blue bond to fund sustainable water infrastructure

Taqa, Abu Dhabi National Energy Company, has issued a $750 million Blue Bond to support sustainable water and wastewater management projects, marking the largest Blue Bond ever issued by an integrated power and water utility and the biggest in the Europe, Middle East and Africa (EMEA) region....

Energy, Oil & Gas

Adnoc Drilling Posts $706m H1 profit, reaffirms 2026 guidance

Adnoc Drilling posted record second-quarter and first-half 2026 results, with first-half revenue rising 4 per cent to $2.46 billion and net profit increasing 2 per cent to $706 million, supported by strong operational performance and cash generation. ...

Energy, Oil & Gas

CB&I secures offshore well engineering deal in Abu Dhabi

CB&I’s Asset Solutions business has secured a well engineering services contract with Cosmo E&P Albahriya to support drilling, planning and operational activities for Offshore Block 4 in Abu Dhabi, strengthening its UAE presence. ...

Energy, Oil & Gas

NMDC Energy revenue rises 16pc to $2.6bn in H1 2026

NMDC Energy, an Abu Dhabi-based engineering, procurement, and construction (EPC) services company, reported a strong first half of 2026, with revenue rising 16 per cent year on year to AED9.5 billion ($2.6 billion), driven by diversified growth across its UAE operations and international EPC projects....

Energy, Oil & Gas

Applus+ begins offshore rig operations in Somalia

Applus+ UAE has begun rig service operations in Somalia, supporting an offshore drilling exploration programme. The company is providing testing, inspection, and certification services to ensure equipment integrity, compliance, and operational readiness in a remote offshore environment....

Energy, Oil & Gas

Deep Well Services completes first UAE well deployment

Enersol’s portfolio company Deep Well Services (DWS) has completed its first well in the UAE, marking the company’s first deployment in the country and the wider Middle East region. The operation used DWS’ Hydraulic Completion Unit (HCU) technology and achieved planned first-well performance targets....

Energy, Oil & Gas

UAE’s Global South Utilities signs energy MoU with Guyana

UAE-based Global South Utilities (GSU) has signed an MoU with Guyana Power and Light to explore energy infrastructure projects, including power generation, grid modernisation and renewable energy integration to support Guyana’s sustainable development....

Energy, Oil & Gas

Ewec opens registration for 20th Clean Energy Certificates auction

Emirates Water and Electricity Company (Ewec) has opened registration for its 20th Clean Energy Certificates (CECs) auction, supporting organisations in verifying their renewable and clean energy consumption as part of the UAE’s energy transition....

Energy, Oil & Gas

Egypt, UAE strengthen energy ties with new investment talks

Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities....

Energy, Oil & Gas

Expro secures two-year UAE well testing contract

Expro, an energy services provider, has secured a two-year contract with a major UAE operator to deliver well testing and flowback services for unconventional wells, including surface testing, equipment supply, and operational support....

Energy, Oil & Gas

Irena partners with UAE export credit agency ECI

International Renewable Energy Agency (Irena) has signed a partnership agreement with UAE export credit agency Etihad Credit Insurance (ECI) to support energy transition financing. ECI will provide credit insurance and risk mitigation solutions across 110 countries to complement ETAF initiatives. ...

Energy, Oil & Gas

UAE reduces diesel price for June

The UAE Fuel Price Committee has approved fuel prices for June 2026, with diesel prices recording a decline compared to the previous month, in a move that supports the stability of key sectors, particularly logistics and supply chains....

Energy, Oil & Gas

IAEA monitoring Barakah Plant, ready to assist

The International Atomic Energy Agency (IAEA), affiliated with the United Nations (UN), is closely monitoring the situation at the Barakah Nuclear Energy Plant in Abu Dhabi through continuous coordination with the relevant UAE authorities, while expressing its full readiness to provide assistance if needed....

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