Tag: energy

Energy, Oil & Gas

ADNOC approves $150bn capex for 2026-30

ADNOC Board of Directors, presided over by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has approved a capex of $150 billion (AED551 billion) for 2026-2030 to maintain ADNOC’s current operations and drive smart growth....

Energy, Oil & Gas

Oman's Ministry of Energy signs EPSA addendum for Block-5

Oman’s Ministry of Energy and Minerals signed an additional addendum to the Exploration and Production Sharing Agreement (EPSA) for Oil Concession Block (5), located in the A'Dhahirah Governorate and operated by Daleel Petroleum....

Energy, Oil & Gas

EtihadWE signs MoU with ePointZero to enhance energy sustainability

Etihad Water and Electricity (EtihadWE) has signed an MoU with ePointZero, part of the International Holding Company, to explore new power generation projects and assist in the UAE's transition to clean energy solutions across the energy value chain....

Energy, Oil & Gas

TAQA launches major building retrofit project at ICAD Residential City

Abu Dhabi National Energy Company (Taqa) said one of its units has signed an agreement with Sdeira Group, a subsidiary of AD Ports Group, to implement a key building retrofit project aimed at boosting energy and water efficiency at Aryam ICAD Residential City in Mussafah. ...

Energy, Oil & Gas

G20 Investment Forum to spotlight Africa’s energy projects

Ahead of the G20 Summit, the G20 African Energy Investment Forum, hosted by the African Energy Chamber (AEC), will convene top global and African energy and finance leaders to discuss how investment, innovation and partnerships can unlock Africa’s energy potential and drive sustainable economic growth....

Energy, Oil & Gas

Drydocks World delivers FPSO vessel for Nigeria project

Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals....

Energy, Oil & Gas

Abu Dhabi DoE boosts digital integration with new agreements

The Abu Dhabi Department of Energy (DoE) signed agreements with several government entities during Adipec aimed at enhancing collaboration, data integration, and regulatory oversight across the Emirate’s energy sector....

Energy, Oil & Gas

AI is central: Adipec leaders call for bold energy investment

Global leaders emphasised AI and digitalisation's role in driving smart investments for energy resilience and decarbonisation, highlighting their transformative power in shaping and accelerating inclusive global progress in the energy sector, at Adipec 2025, ....

Energy, Oil & Gas

AI, energy realism, pragmatism should lead energy industry

The energy industry faces rising demand from AI, aging grids, and geopolitical uncertainty, increasing the need for oil, gas, and renewables. At this year’s Adipec panel, industry leaders emphasised that the energy transition should focus on addition, not substitution....

Energy, Oil & Gas

Industry leaders see investment as key for long-term energy security

The chief executives from three major energy companies and a high-level minister from the US zeroed in on energy security in a wide-ranging discussion at Adipec. They saw a clear link between security and investment in the oil and gas sector, and they broadly agreed on the critical need for more long-term capital investment....

Energy, Oil & Gas

UAE leads digital transformation in energy sector: Honeywell

George Bou Mitri, President of Honeywell for the Middle East, stated that the UAE is a global hub for innovation in energy, highlighting its pioneering digital transformation initiatives as a leading model for a sustainable future powered by advanced technology and AI....

Energy, Oil & Gas

Aramco reports $28bn net income for Q3

Aramco reported strong earnings in third quarter, underpinned by operating momentum as major projects progress. The energy major's adjusted net income for the quarter stood at $28 billion (Q3 2024: $27.7 billion)....

Energy, Oil & Gas

Focus on data, not drama - UAE minister urges energy leaders

The long-term outlook shows demand growth for every form of energy across every market and the industry's response to meet that demand should focus on the data, not the drama, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO. ...

Energy, Oil & Gas

Integrated Gas Company seals major deals worth over $8.8bn

The Integrated Gas Company finaliSed 19 agreements, including 14 gas sales valued at over RO3.4 billion ($8.8 billion). This move is expected to generate over RO2 billion in investments and includes strategic agreements with Occidental Oman and Energy Development Company....

Energy, Oil & Gas

Abu Dhabi Chamber to advance private sector’s role in energy

The Abu Dhabi Chamber of Commerce and Industry will advance its commitment to strengthening private sector growth and competitiveness as markets move toward cleaner, smarter and more efficient energy systems at the Abu Dhabi International Petroleum Exhibition and Conference, ADIPEC 2025....

Energy, Oil & Gas

Third ENACT Majlis to convene 100 leaders on energy, AI in Abu Dhabi

Adnoc will convene 100 global leaders from the energy, technology, investment and government sectors at the ENACT Majlis in Abu Dhabi, today (October 2), to explore how the intersection of AI, energy and investment can advance the integrated solutions needed to unlock AI’s potential to turbo-charge sustainable growth and global prosperity....