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The Latest Breaking News from ADNOC

ADNOC Announces Plans to Float 4% Stake in Gas Unit on ADX

ADNOC has announced plan to float a 4% minority stake in ADNOC Gas on the Abu Dhabi Securities Exchange (ADX). The offering is expected to open on 23rd February, subject to regulatory approvals and other relevant considerations. ADNOC Gas (the Company), formed in January 2023 through the consolidation of ADNOC’s…

Asharq Al-Awsat

Abu Dhabi state gas company to sell 4% of shares in IPO

The Abu Dhabi National Oil Company’s gas processing firm plans to sell 4% of its shares to local investors in the latest initial public offering to be made by a state-run energy company in the Middle East

The Independent UK

UAE ‘running towards’ renewable future, says oil boss Cop28 president

Climate groups have accused head of national oil company, Sultan Al Jaber, of conflict of interest

The Guardian - UK

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UAE oil company employees given roles in office hosting Cop28

Exclusive: at least 12 officials at body hosting Cop28 appear to have come straight from fossil fuel industry

The Guardian - UK

ADNOC Signs Deals Worth $4.6 Billion

The Abu Dhabi National Oil Company (ADNOC) has signed agreements with at least 23 leading domestic and international companies for manufacturing opportunities across multiple industrial products valued at 17 billion dirhams ($4.63 billion). “The agreements outline the intention of the companies to manufacture these products in the UAE, supporting the…

Asharq Al-Awsat

‘Ridiculous’: Greta Thunberg blasts decision to let UAE oil boss chair climate talks

Climate activist at Davos says lobbyists have been influencing conferences ‘since forever’

The Guardian - UK

Clean, Renewable Energy Agreements Inked at Abu Dhabi Sustainability Week 2023

More agreements and partnerships in the field of clean and renewable energy are being signed at the Abu Dhabi Sustainability Week (ADSW) 2023. Abu Dhabi National Oil Company (ADNOC) has signed a deal with Germany’s Thyssenkrupp Uhde, which specializes in chemical engineering, to develop large-scale ammonia cracking plants. The memorandum…

Asharq Al-Awsat

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UAE’s Cop28 president will keep role as head of national oil company

Campaigners warn ‘breathtaking conflict of interest’ could jeopardise climate negotiating process

The Guardian - UK

UAE Names Al-Jaber to Head COP28 Climate Talks

The head of the United Arab Emirates' national oil company was named Thursday as president of this year's COP28 climate talks. Sultan Al-Jaber, chief executive of the UAE's Abu Dhabi National Oil Company (ADNOC), will be the first CEO to take the role at the UN summit, the official WAM…

Asharq Al-Awsat

COP28 fury as one of world’s biggest oil barons appointed president of climate talks

EXCLUSIVE: Campaigners hit out at 'cruel joke' after Sultan Ahmed Al Jaber, CEO of the Abu Dhabi National Oil Company, picked to lead crucial UN climate summit.

Daily Record

UAE names oil boss to lead climate summit, worrying activists

The United Arab Emirates said on Thursday that the head of state oil giant Abu Dhabi National Oil Company would lead this year's COP28 climate summit, fuelling activists' worries that big industry is hijacking the global response to environmental crisis.

Reuters

ADNOC Allocates $15 Bn to Low-Carbon Solutions

ADNOC allocated $15 billion for landmark decarbonization projects by 2030, including carbon capture, electrification, new CO2 absorption technology, and enhanced investments in hydrogen and renewables. The announcement followed the guidance of ADNOC's Board of Directors in November 2022 to accelerate the delivery of its low-carbon growth strategy and approve its…

Asharq Al-Awsat

UAE Supports Responsible Energy Transition

The UAE is committed to remaining a responsible global energy provider and enabling a more sustainable future, announced President Sheikh Mohammed bin Zayed Al Nahyan. Sheikh Mohammed noted that the UAE would support the efforts to ensure a responsible energy transition by keeping pace with the future and investing in…

Asharq Al-Awsat

UAE, US Reach Deal for $100 Billion in Clean Energy Projects

The United Arab Emirates and the United States have reached an agreement to spend $100 billion on clean energy projects with a goal of adding 100 gigawatts globally by 2035. The UAE and US reaffirmed their shared commitment to enhancing climate ambition and climate action, in line with their net-zero…

Asharq Al-Awsat

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Asharq Al-Awsat

Abdulaziz bin Salman Stresses Saudi-UAE Cooperation for Future Energy Mix

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that Saudi Arabia and the UAE were working to increase production capacity, enhance refining volume, and convert oil into petrochemicals. He noted that the two countries were seeking to provide a safe and sustainable energy system. In his speech on the sidelines…

Asharq Al-Awsat

UAE to Revise Energy Strategy to Align with Climate Neutrality Goal

Emirati Minister of Energy and Infrastructure Suhail al-Mazrouei said the ministry intends to start revising its energy strategy at the beginning of 2023 to align it to achieve climate neutrality by 2050. Mazrouei said that the review of the energy strategy includes the expansion of renewable energy and the implementation…

Asharq Al-Awsat

ADNOC CEO: Policies Aimed at Pulling the Plug on the Current Energy System are Misguided

Energy security is essential for social, economic and climate progress, said Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (ADNOC). Speaking at the Energy Intelligence Forum in London, Dr. Al Jaber said market sentiment does…

Asharq Al-Awsat

Germany's RWE and UAE's ADNOC Ink LNG Deal

United Arab Emirates President Sheikh Mohamed bin Zayed and German Chancellor Olaf Scholz witnessed on Sunday the signing of a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the UAE and Germany in energy security, decarbonization and climate action. The agreement was…

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Asharq Al-Awsat

ADNOC, TAQA Conclude $3.8b Deal on Clean Energy, Decarbonization

Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) revealed concluding a $3.8 billion strategic project to power and decarbonize ADNOC's offshore production operations. Together with a consortium comprised of Korea Electric Power (KEPCO), Kyushu Electric Power Company (Kyuden) and Électricité de France (EDF) (the…

Asharq Al-Awsat

UAE to Produce 230MW of Electricity Via Waste Heat Recovery Project

The UAE’s Waste Heat Recovery project will recycle waste heat generated from the plant to produce up to an additional 230 megawatts (MW) of electricity per day – enough to power hundreds of thousands of homes. It will also produce 62,400 cubic meters of distilled water per day for use…

Asharq Al-Awsat

Landmark UAE Gas Sales Agreement Signed between ADNOC, DUSUP

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, have witnessed the signing of a landmark gas sales agreement between Abu Dhabi National Oil Company (ADNOC) and Dubai Supply Authority (DUSUP). The agreement showcases the UAE’s…

Asharq Al-Awsat

ADNOC Announces $548Mln Contract for New Main Gas Line

The Abu Dhabi National Oil Company (ADNOC) announced Monday awarding a AED2.01 billion ($548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic…

Asharq Al-Awsat

UAE Exports First Low-Carbon Ammonia Shipment

The Abu Dhabi National Oil Company (ADNOC) announced on Thursday that it had shipped its first ever shipment of low-carbon ammonia to Hamburg, Germany. Arubis, a global provider of non-ferrous metals and one of the world's largest copper recyclers, will receive this shipment. Developed by Fertiglobe, a partnership between ADNOC…

StockNews.com

3 Under-the-Radar Oil Stocks Investors Should Consider

Oil prices rebounded yesterday, boosted by the slowdown of inflation. Moreover, oil demand is expected to rise this year amid an already tight market which might increase oil prices further. Amid this, Adams Resources & Energy (AE), TotalEnergies (TTE), and Cenovus Energy (CVE) are flying under the radar, offering good…

Asharq Al-Awsat

ADNOC Reveals Second Gas Discovery in Abu Dhabi Offshore Block

Abu Dhabi National Oil Company (ADNOC) revealed on Friday a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The find from a new deeper reservoir.

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