Dubai: The Abu Dhabi energy group ADNOC is in a three-way alliance that will do a joint study to evaluate carbon dioxide (CO2) emissions’ storage capabilities of saline aquifers. The deal with Petronas…
Tag: ADNOC
ADNOC Gas revenues shoot past $9 billion for first-half 2024
The ADNOC entity, which has confirmed a 5 per cent annual dividend hike, will be releasing $1.7 billion in September. The approved interim dividend equals 8.164 fils a share of 8.164 fils. A…
ADNOC Drilling expects $1.3 billion of net profit in 2024
He added that ADNOC Drilling has raised its medium-term revenue expectations to $3.85 billion for the fiscal year 2024, including $1.75 billion in onshore drilling revenues, $1.1 billion in offshore drilling revenues,…
ADNOC Distribution drives net profit to Dh1.17 billion on fuel volume and international operations
ADNOC Distribution expects to pay the Dh1.27 billion dividend for H1-2024 in October, which will be fully covered by the H1 cash flow. For 2024-28, the policy is to pay Dh2.57 billion (20.57…
ADNOC L&S clears Dh1.47 billion in H1-2024 profit as revenues shoot past Dh6b
“To meet the growing demand for low-carbon energy sources in the UAE and beyond, we have continued to expand our market-leading fleet through significant new energy-efficient vessel construction contracts and geographical expansion…
UAE’s ADNOC, Japan’s Osaka Gas ink deal for Ruwais LNG
Under the agreement, LNG cargoes will be shipped to the destination ports of Osaka Gas and its Singapore-based subsidiary, Osaka Gas Energy Supply and Trading Pte. Ltd. (OGEST). ADNOC and Osaka Gas…
ADNOC petrochem subsidiary Borouge posts Q2-2024 net profit of $308 million
Abu Dhabi: The ADNOC-affiliated petrochemicals company Borouge has posted a 33 per cent year-on-year increase in Q2-2024 net profit to $308 million. The ADX-listed firm attributed the growth in profits to higher…
ADNOC L&S joint venture awards $1.9b in contracts for very large ethane, ammonia carriers
The new vessels will be among the world’s largest ethane and ammonia carriers and run on energy-efficient dual fuel engines. The VLECs will be deployed on 20 years’ time charter contracts, generating…
ADNOC, Nafis to create 13,500 private sector jobs for UAE nationals by 2028
Vocational training As part of the agreement, job and training opportunities will be offered to UAE Nationals in the Al Dhafra region during the current year. Additionally, 1,000 vocational training opportunities will be…
ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure
The Estidama project will extend the UAE’s natural gas pipeline network operated by ADNOC Gas from approximately 3,200 kilometres to over 3,500 kilometres, enabling the transportation of higher volumes of natural gas…