6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: UAE

Energy, Oil & Gas

Adnoc L&S revenue hits $5bn in 2025

Adnoc Logistics & Services (Adnoc L&S) posted strong Q4 2025 and record full-year results, with $5.016 billion revenue—a 41 per cent increase—driven by market demand and operations. Over 60 per cent of combined revenue with AW Shipping comes from long-term, recurring contracts, boosting earnings visibility and market resilience. ...

Energy, Oil & Gas

Mammoet completes offshore jacket loadout for BorWin6 HVDC platform

Progress on the BorWin6 Project advances with the completion of a fabrication yard in Jebel Ali, UAE. Mammoet has handled the transport, loadout, and mooring of the 5,461-tonne offshore jacket foundation, which will support the BorWin6 offshore converter platform, BorWin kappa, in the German North Sea....

Energy, Oil & Gas

Middle East credit outlook for 2026 stable despite lower oil: S&P

The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%. ...

Energy, Oil & Gas

UAE to launch AI pilot to boost data centre energy efficiency

The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility have launched a pilot using Phaidra’s AI technology to improve energy efficiency across data centres and district cooling. The initiative will test advanced AI control systems to optimise AI infrastructure operations. ...

Energy, Oil & Gas

Bhutan PM seeks UAE investment in renewable energy

Bhutan’s Prime Minister Tshering Tobgay highlighted strong, growing relations with the UAE, emphasising opportunities in trade, investment, and sustainability. Speaking at World Governments Summit (WGS) 2026, he stressed deepening cooperation in key economic sectors, leveraging Bhutan’s significant renewable energy potential. ...

Energy, Oil & Gas

GFH acquires majority stake in Byrne Equipment Rental

GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million....

Energy, Oil & Gas

Carlyle 'in talks' with UAE partners on Russian Lukoil's $20bn overseas assets

US private equity firm Carlyle has begun talks with UAE investors to ‌bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...

Energy, Oil & Gas

McDermott lands EPCI contract for key Abu Dhabi gas project

McDermott, a leading provider of engineering and construction solutions to the energy industry, has announced that it has secured a major EPCI contract (in the range of $750 million to $1 billion) from Adnoc for its Nasr-115 Expansion Project, located 130km northwest of Abu Dhabi. ...

Energy, Oil & Gas

Adnoc Gas seals $3bn LNG deal with Hindustan Petroleum

Adnoc Gas, a major unit of Abu National Oil Company (Adnoc) and its subsidiaries announced the signing of a sales and purchase agreement valued at between $2.5 billion - $3 billion for a period of 10 years with Hindustan Petroleum Corporation Limited (HPCL)....

Energy, Oil & Gas

UAE’s Global South Utilities acquires 51pc of 40Capital

Abu Dhabi-based Global South Utilities (GSU) said it acquired a 51 per cent stake in 40Capital, an Emirati renewable energy company specialising in run-of-the-river hydro projects across the Commonwealth of Independent States (CIS), with a primary focus on Kyrgyzstan....

Energy, Oil & Gas

UAE, BEEAH, LOHUM to form JV for first EV battery recycling facility

UAE Ministry of Energy and Infrastructure (MoEI) has announced plans to form a new joint venture with BEEAH, the region’s leading sustainability and innovation pioneer, and LOHUM, India’s largest diversified producer of sustainable critical minerals and advanced materials....

Energy, Oil & Gas

UAE’s GSU partners with Weiheng on clean-energy manufacturing

UAE-based Global South Utilities (GSU) has announced a strategic industrial collaboration with Weiheng, a Chinese global manufacturer of battery energy storage systems (BESS), aimed at localising advanced clean-energy manufacturing in Abu Dhabi and supporting the UAE’s industrial development, energy transformation, and Global South supply-chain ambitions....

Energy, Oil & Gas

UAE’s renewable energy capacity exceeds 7.7GW: Energy Minister

The UAE is strengthening its global leadership in sustainable energy through strategic investments accelerating the clean energy transition, with installed renewable energy capacity now exceeding 7.7GW, said Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure....

Energy, Oil & Gas

NMDC Infra, Consolidated Contractors form UAE onshore EPC venture

NMDC Group, through its subsidiary NMDC Infra, and Consolidated Contractors Company (CCC) have formed NMDCCC, a strategic joint venture. The new company will deliver full-spectrum engineering, procurement, and construction (EPC) services to the UAE’s onshore oil and gas sector....

Energy, Oil & Gas

e& enterprise, Sergas team up to bring smarter energy operations to life

Leading Emirati entity e& enterprise, the digital transformation arm of global technology group e&, has announced a strategic collaboration with Sergas, a UAE-based gas system solutions provider, aimed at transforming the way energy operations are run and protected. ...

Energy, Oil & Gas

Global energy demand rising steadily to meet AI needs: UAE Energy Minister

Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said global energy demand is witnessing steady growth driven by the expanding needs of artificial intelligence (AI) and large-scale data centres, forecasting increased demand across all energy sources, including fossil fuels, which remain part of the global energy mix. He said the UAE is well-positioned to help meet rising global demand through continued investment in the energy sector....

Energy, Oil & Gas

Tabreed, Sparklo join forces to boost UAE’s recycling infrastructure

Tabreed, a leading district cooling company, has announced a sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure. The collaboration will see the installation of 16 reverse vending machines – called Sparklomats – across the UAE. ...

Energy, Oil & Gas

UAE announces $1bn energy portfolio in Yemen

The UAE has launched a $1 billion energy portfolio in Yemen to help rebuild the country’s electricity sector. Implemented by Global South Utilities, the programme includes solar and wind projects, battery storage solutions and upgraded distribution networks across multiple governorates, expanding ongoing work in Yemen....

Energy, Oil & Gas

ENOC, MENA Biofuels sign MoU to accelerate UAE SAF ecosystem

ENOC signed a strategic MoU with MENA Biofuels at the Dubai Airshow 2025 to collaborate on the supply and distribution of Sustainable Aviation Fuel (SAF) from the UAE's first commercial-scale SAF facility, under development in Fujairah....

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