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Adnoc, G42 and Presight to speed up AI in energy sector

Adnoc G42 and Presight AI Holding have announced a new shareholding structure for AIQ under which Presight will acquire a 51% stake in AIQ with Adnoc retaining a 49% shareholding (previously G42 40% Adnoc...

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Masdar, Bapco Energies to develop 2GW of wind power in Bahrain

Abu Dhabi Future Energy Company Masdar has signed a deal with Bapco Energies of Bahrain to jointly explore the development and investment in wind projects in the kingdom with a capacity of up to 2 gigawatts...

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Fertiglobe sets H2 2023 dividends of $200m; total $475m in 2023

Fertiglobe shareholders at the firm s AGM have approved a cash dividend of 200 million equivalent to 9 fils/share for H2 2023 taking the total dividends for the fiscal year 2023 to 475 million. This is...

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QatarEnergy to build 18 largest LNG vessels in China

QatarEnergy signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels marking a significant addition to its historic LNG fleet...

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GPIC inaugurates new solar energy project

Gulf Petrochemical Company (GPIC) announced the company s Solar Energy project marking its latest achievement in energy sustainability and aligning with its commitment to renewable energy sources to protect...

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OPES paves way for affordable, sustainable, clean energy

Under the patronage of the Ministry of Energy & Minerals Oman Petroleum & Energy Show (OPES) 2024 officially commenced today (April 22) at the Oman Convention and Exhibition Centre. The event was inaugurated...

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WFES closes with expert insights into emobility, smart cities

Potential blueprints for future-proofed policies and solutions relating to emobility and smart cities were explored on the closing day of the 16th World Future Energy Summit. Hosted by Masdar the event...

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Huawei debuts SUN2000-150K-MG0 solar inverter at WFES

Huawei Digital Power has announced the launch of the groundbreaking SUN2000-150K-MG0 inverter for the Commercial & Industrial (C&I) market at the World Future Energy Summit (WFES) 2024 in Abu Dhabi. With...

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Sabic shows tremendous resilience; swings to $66m Q1 profit

Sabic a global leader in diversified chemicals headquartered in Riyadh has announced a total net profit of SAR246 million ( 66 million) for the first quarter of 2024 when compared to a SR1.73 billion (...

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UAE’s Fuelre4m welcomes Shell and BP's stand on fossil fuel

Fuelre4m a UAE pioneering energy solutions provider has commended Shell and BP s recent acknowledgment of the necessity to continue utilising fossil fuels. This announcement resonates deeply with Fuelre4m...

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Fertiglobe upbeat on 2023 results; approves $200m cash dividends

Abu Dhabi-based Fertiglobe the largest nitrogen fertilizer producer in the Middle East and North Africa region and an early mover in sustainable ammonia has approved a cash dividend of 200 million for...

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QatarEnergy signs charter agreements for 9 LNG vessels

QatarEnergy signed long-term time charter party (TCP) agreements with three ship owners for the operation of nine new ultra-modern LNG vessels as part of the QC-Max part of its historic LNG fleet expansion...

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Aramco becomes FIFA's Major Worldwide Partner

Aramco one of the world s leading integrated energy and chemicals companies has signed a four-year global partnership with FIFA (Federation Internationale de Football Association) the international governing...

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Adnoc settles exchangeable bonds for $1.195bn in cash

Abu Dhabi National Oil Company (Adnoc) announced that it intends to settle via a cash payment its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for...

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Acwa Power, Irena partner to drive renewable energy transformation

Saudi-listed Acwa Power the world s largest private water desalination company and a leader in energy transition has signed an agreement to partner with the International Renewable Energy Agency (Irena)...

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Dana Gas focuses on developing KRI and Egypt assets

Dana Gas the Middle East s largest regional private sector natural gas company remains focused on developing its assets in the Kurdistan Region of Iraq (KRI) and Egypt while committing to resilient and...

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