ADNOC joint venture Borouge to stick with $1.3 billion dividend despite challenging market conditions
gulfnews.com/business/energy/adnoc-joint-venture-borouge-to-stick-with-13-billion-dividend-despite-challenging-market-conditions-1.1711693044052
UAE fuel retailer ADNOC Distribution reworks dividend policy - $700m or 75% of net profit until 2028
gulfnews.com/business/markets/uae-fuel-retailer-adnoc-distribution-reworks-dividend-policy---700m-or-75-of-net-profit-until-2028-1.1711603269827
ADNOC Announces First Crude Oil Production from Bilabazim Offshore Area: ADNOC announced today the commencement of crude oil production from the Bilabazim ...
emirates247.com/business/energy/adnoc-announces-first-crude-oil-production-from-bilabazim-offshore-area-2024-03-27-1.730727
Abu Dhabi: Production starts at Belbazem offshore block - News | Khaleej Times: This is the first joint venture between the UAE's ADNOC and China National ...
khaleejtimes.com/uae/abu-dhabi-production-starts-at-belbazem-offshore-block
Israel's NewMed says BP, ADNOC buy-in offer on hold: A $2 billion offer by Abu Dhabi's national oil company and BP to buy a 50% stake in Israeli gas producer ...
reuters.com/business/energy/israels-newmed-says-bp-adnoc-buy-in-offer-hold-2024-03-13/
Quick Glance: Israel's NewMed: BP, ADNOC Buy-In Offer Paused
- A $2 billion offer by Abu Dhabi's national oil company and BP to buy a 50% stake in Israeli gas producer NewMed has been put on hold due to uncertainty in the region.
- The offer, made a year ago by Britain's BP and ADNOC, aimed to form a joint venture that would provide them access to gas-rich areas in the Eastern Mediterranean and Israel's energy sector.
- A panel reviewing the offer for NewMed recommended raising the asking price by 10%, leading to the deal being suspended due to uncertainty in the region.
- NewMed is the largest stakeholder in the huge Leviathan offshore field, operated by Chevron, exporting gas to Egypt and Jordan. Regional conditions and geopolitical issues have made the process challenging, but there is hope for a successful completion once things calm down.
BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm: The deal would have seen BP and Adnoc buy a 50% stake in the Israeli gas ...
cnbc.com/2024/03/13/bp-abu-dhabis-adnoc-suspend-major-purchase-in-israeli-gas-firm.html
Fossil fuel companies at CERAWeek are optimistic in the climate change era: Coal, oil, and natural gas producers have found their vision for a low-carbon world.
vox.com/climate/24115045/ceraweek-fossil-fuel-oil-gas-energy-climate-change-renewable-exxon-aramco
Govt allows UAE’s Adnoc to export oil from Indian strategic storage: At present, crude oil, which is the raw material for producing fuels like petrol and diesel ...
financialexpress.com/business/industry-govt-allows-uaes-adnoc-to-export-oil-from-indian-strategic-storage-3435052/
Exclusive: Gulf oil giants Saudi Aramco, Adnoc set sights on lithium: Saudi Arabia and the United Arab Emirates' national oil companies plan to extract lithium ...
reuters.com/markets/commodities/gulf-oil-giants-saudi-aramco-adnoc-set-sights-lithium-2024-03-08/
Abu Dhabi’s state oil company harnesses AI, adds $500 million in net value in 2023
wionews.com/business-economy/abu-dhabis-state-oil-company-harnesses-ai-adds-500-million-in-net-value-in-2023-697095
Exclusive: Saudi Aramco, UAE's ADNOC in talks to invest in US LNG projects, sources say
reuters.com/markets/deals/saudi-aramco-uaes-adnoc-talks-invest-us-lng-projects-sources-say-2024-03-06/
ADNOC's $30 bln chemicals tie-up with Austria's OMV stalls, FT reports: Talks related to a planned $30 billion merger between the chemicals arms of Abu Dhabi ...
reuters.com/markets/deals/adnocs-30-bln-chemicals-deal-with-austrias-omv-stalls-ft-reports-2024-02-23/
BP and ADNOC to form gas joint venture in Egypt: Global oil major BP and state-owned Abu Dhabi National Oil Company will form a joint venture in Egypt that will ...
reuters.com/markets/deals/adnoc-bp-form-egypt-gas-joint-venture-2024-02-14/
UAE: Abu Dhabi to Dubai in 50 minutes? Etihad Rail conducts its first passenger journey
gulfnews.com/living-in-uae/transport/uae-abu-dhabi-to-dubai-in-50-minutes-etihad-rail-conducts-its-first-passenger-journey-1.1706282085523
Quick Glance: Inaugural Passenger Rail Journey from Abu Dhabi to Al Dhannah
- Etihad Rail operated its first rail journey connecting Abu Dhabi and Al Dhannah on Thursday.
- Dr Sultan bin Ahmed Al Jaber, Managing Director and Group CEO of Abu Dhabi National Oil Company (Adnoc), led the historic trip with Adnoc's leadership team.
- Post-ride, Dr Al Jaber toured Adnoc’s downstream and petrochemicals hub in Al Ruwais Industrial City.
- He was briefed on strategic growth projects at Borouge 4, Adnoc Refining, and the Ruwais LNG project during the tour.
UAE: Abu Dhabi to Dubai in 50 minutes? Etihad Rail conducts its first passenger journey
The journey was between Abu Dhabi city and Al Dhannah ... Show more
ADNOC Distribution changes dividend policy in new 5-year strategy: ADNOC's fuel retailing arm sweetens payout policy
gulfnews.com/business/markets/adnoc-distribution-changes-dividend-policy-in-new-5-year-strategy-1.1709016699204
ADNOC Drilling 2023 net profit exceeds $1b, hikes dividend by 5%: Recommends final dividend payment of 8.22 fils per share for 2023
gulfnews.com/business/energy/adnoc-drilling-2023-net-profit-exceeds-1b-hikes-dividend-by-5-1.101011930
ADNOC Distribution net profit slips to Dh2.6b, recommends Dh1.28b dividend for H2-2023
gulfnews.com/business/energy/adnoc-distribution-net-profit-slips-to-dh26b-recommends-dh128b-dividend-for-h2-2023-1.1707278838465
UAE: Etihad Rail's first passenger train journey; route, service explained - News | Khaleej Times
khaleejtimes.com/uae/transport/uae-etihad-rails-first-passenger-train-journey-route-service-explained
UAE's ADNOC Gas signs 10-yr LNG supply agreement with India's GAIL: ADNOC Gas (ADNOCGAS.AD) on Tuesday signed a 10-year agreement to supply 0 ...
reut.rs/3w4WInG
'Jaw-Dropping' Analysis Shows Fossil Fuel Companies to Burn Through 62% of Carbon Budget
commondreams.org/news/fossil-fuel-companies-carbon-budget
Abu Dhabi’s Europe M&A hedges an opaque future: Sultan al-Jaber is in the middle of an M&A splurge. The chief executive of the Abu Dhabi National Oil Company ...
reuters.com/breakingviews/abu-dhabis-europe-ma-hedges-an-opaque-future-2024-01-26/
UAE: Adnoc, etisalat by e& and Emirates brand value increases by $3.75 billion in 2024 - News | Khaleej Times
khaleejtimes.com/business/uae-adnoc-etisalat-by-e-and-emirates-brand-value-increases-by-3-75-billion-in-2024
Quick Glance: Increase in Brand Value of Adnoc, etisalat by e& and Emirates by $3.75 billion in 2024
- Adnoc maintains its position as the second-most valuable brand in the Middle East
- Adnoc, etisalat by e&, and Emirates are the top three brands in the UAE
- The total value of the three UAE entities increases by $3.75 billion in 2024
- Etisalat by e& continues to be the strongest brand in the Middle East and Africa with a total value of $17 billion
UAE's ADNOC boosts lower-carbon budget to $23 billion | Reuters
reuters.com/sustainability/climate-energy/uaes-adnoc-boosts-lower-carbon-budget-23-billion-2024-01-22/
Bankrupt oil trader Lord Energy sues UAE and ADNOC in $2.8 bln fraud claim: Bankrupt oil firm Lord Energy and its owner Hazim Nada are suing the United Arab ...
reuters.com/business/energy/bankrupt-oil-trader-lord-energy-sues-uae-adnoc-28-bln-fraud-claim-2024-01-25/
“The investment in Egypt was based on fundamentals, very strong fundamentals. One, it is a highly populated country with youth that are demanding progress ... Show more
33rd edition of Abu Dhabi Desert Challenge features new route: The stage is set for an Abu Dhabi Desert Challenge (ADDC) unlike any other ...
gulftoday.ae/sport/2024/02/18/33rd-edition-of-abu-dhabi-desert--challenge-features-new-route
ADNOC withdraws from Wataniya deal, TAQA Arabia among final offers
The Abu Dhabi National Oil Company (ADNOC) pulled out from the process of bidding on ... Show more
India exploring strategic gas reserves across West coast: India is seriously exploring strategic storage facilities gas across the West coast ...
financialexpress.com/business/industry-india-exploring-strategic-gas-reserves-across-west-coast-3386248/
UAE President appoints Undersecretary of Ministry of Climate Change and Environment
gulftoday.ae/news/2024/01/25/uae-president-appoints-undersecretary-of-ministry-of-climate-change-and-environment
After 28 years of COPs, it’s time to go beyond just saying ‘blah, blah and blah’: With the recently concluded COP28 being held in a prominent oil state ...
dailymaverick.co.za/article/2024-01-16-after-28-years-of-cops-its-time-to-go-beyond-the-blah/
Abu Dhabi’s new spinoff raises familiar questions: International Holding Company (IHC.AD) is making headlines again. Shares in the Abu Dhabi-listed group have ...
reuters.com/breakingviews/abu-dhabis-new-spinoff-raises-familiar-questions-2024-01-08/
Azerbaijan Picks Former Oil Executive to Lead Next U.N. Climate Summit: The government of Azerbaijan has picked a former oil executive to be the president of the ...
democracynow.org/2024/1/8/headlines/azerbaijan_picks_former_oil_executive_to_lead_next_un_climate_summit
Climate change: Former oil executive Mukhtar Babayev to lead COP29 talks in Azerbaijan
bbc.com/news/science-environment-67895068
Quick Glance: COP29 Leadership: Former Oil Executive to Head Talks in Azerbaijan
- Nominated by the government of Azerbaijan to lead the COP29 talks
- Mukhtar Babayev named as the president-designate of the COP29 talks in Baku
- Successor to Sultan al-Jaber, who led COP28 in Dubai
- Concern among some climate campaigners about the increasing role of the oil industry in the talks
'Pushes us closer to the abyss': Former Azerbaijani oil executive to head COP29: Azerbaijan's ecology minister and former oil executive Mukhtar Babayev was on ...
france24.com/en/environment/20240107-former-azerbaijani-oil-executive-sparks-controversy-by-heading-cop29
At COP28, an Oil Man Got a Deal on Quitting Oil: Sultan Al Jaber, the energy executive in charge of U.N. climate talks, led delegates to a result that had eluded ...
nytimes.com/2023/12/13/climate/sultan-al-jaber-cop28.html
Big Oil Wins Big at COP28 in Dubai: By Amy Goodman & Denis Moynihan
While negotiations move from the shifting sands of Dubai with its sinking Eye to Azerbaijan ...
democracynow.org/2023/12/14/big_oil_wins_big_at_cop28
UAE's ADNOC to acquire OCI’s stake in Fertiglobe for $3.62 bln
reuters.com/markets/deals/uaes-adnoc-acquire-ocis-stake-fertiglobe-362-bln-2023-12-15/
Covestro in 'open-ended' talks with ADNOC over higher bid: Covestro is in open-ended talks with Abu Dhabi National Oil Co (ADNOC), a spokesperson for the German ...
reuters.com/markets/deals/covestro-open-ended-talks-with-adnoc-spokesperson-2023-12-21/
Climate talks at last lead to a deal on cutting fossil-fuel use : The historic agreement emerged only through bitter compromise
economist.com/international/2023/12/13/climate-talks-at-last-lead-to-a-deal-on-cutting-fossil-fuel-use
ADNOC preparing to increase takeover offer for Covestro - Bloomberg News: The Abu Dhabi National Oil Co (ADNOC) is preparing to submit a fresh proposal of about ...
reuters.com/markets/deals/adnoc-preparing-increase-takeover-offer-covestro-bloomberg-news-2023-12-18/
Should fossil fuels be phased out or slowly phased down? Leaders to discuss at COP28
pbs.org/newshour/world/should-fossil-fuels-be-phased-out-or-slowly-phased-down-leaders-to-discuss-at-cop28
Quick Glance: COP28: Potential Agreement on Phasing Out Fossil Fuels
- The UAE is cautiously optimistic about COP28 committing to phase down fossil fuels in the coming decades.
- Hosting a climate conference in a petrostate could lead to real progress on climate despite the irony.
- A pledge now will not mean the world will completely stop using fossil fuels.
- It is very unlikely to get any commitment on an expiry date, as it would be too controversial.
The United Arab Emirates' takeover of African forests: As the oil-rich country hosts COP28, an Emirati company has signed agreements in Liberia, Tanzania ...
lemonde.fr/en/le-monde-africa/article/2023/12/10/the-united-arab-emirates-takeover-of-african-forests_6328426_124.html
The world’s largest single-site solar farm just came online: The United Arab Emirates has launched Al Dhafra solar farm – now the world's largest ...
electrek.co/2023/11/17/worlds-largest-single-site-solar-farm/
Quick Glance: Record-Breaking Solar Farm Operational
- The world's largest solar farm, with a capacity of 2 gigawatts (GW), is located 35 km from Abu Dhabi and features nearly 4 million bifacial solar panels.
- During construction, 4,500 jobs were created, and the solar panels were installed at an average rate of 10 megawatts (MW) per day.
- Al Dhafra was developed in collaboration with the Abu Dhabi Future Energy Company (Masdar), the Abu Dhabi National Energy Company (TAQA), the French company EDF Renewables, and the Chinese solar developer JinkoPower.
- According to a 2020 power purchase agreement, the solar farm will supply electricity to the Emirates Water and Electricity Company (EWEC).
Exclusive: OMV, ADNOC close to agreeing deal for chemicals company tie up - sources
reuters.com/markets/deals/omv-adnoc-close-agreeing-deal-chemicals-company-tie-up-sources-2023-12-14/
Sultan al-Jaber: A quick guide to the COP28 president: Here's what you need to know about the man in charge of the UN climate conference
bbc.com/news/science-environment-67591804
Quick Glance: Harris to Represent Biden at COP28 Climate Summit
- President attended in 2021 and 2022, but this year, Harris will stand in as he is preoccupied with wars in the Middle East and Ukraine.
- Harris will be joined in Dubai by three top climate officials, including John F. Kerry, the special presidential envoy for climate.
- Harris will attend the annual UN climate summit in Dubai on Friday and Saturday, standing in for President Biden, who will skip the event for the first time since taking office.
- During the summit, Harris will announce several U.S. initiatives related to bolstering climate resilience in other countries and reducing greenhouse gas emissions.
International Energy Agency Chief Warns: "We Will Even Miss the 2-Degree Goal If Energy Policy Doesn't Change Fundamentally"
spiegel.de/international/business/klimakrise-iea-chef-fatih-birol-haelt-sogar-das-zwei-grad-ziel-fuer-unrealistisch-1702304469-a-a4a3848f-9746-45df-b8be-ea388fee34b2
Al Gore blasts COP28 climate chief and oil companies' emissions pledges: Former Vice President Al Gore says don't trust the oil and gas industry to ...
pbs.org/newshour/world/al-gore-blasts-cop28-climate-chief-and-oil-companies-emissions-pledges
Carbon Colonialism, COP28 and the Climate Crisis: By Amy Goodman & Denis Moynihan
Dubai, UAE – Carbon colonialism only ensures worsening climate disasters ...
democracynow.org/2023/12/7/carbon_colonialism_cop28_and_the_climate
Planet savers or Trojan horses? Amid debate over carbon capture, start-ups emerging to provide solutions
channelnewsasia.com/sustainability/carbon-capture-cop28-emissions-solutions-3980121
U.S. home sales are still dropping: In October, the number of sales hit their lowest point since 2010.
axios.com/2023/11/22/home-sales-fall-low-prices-interest-rates
Quick Glance: Continued Decline in US Home Sales
- Largest drop in home sales since the Great Recession housing crisis.
- The latest report from the National Association of Realtors on the sale of existing homes shows another decline, with the number of sales in October dropping to an annual rate of 3.79 million.
Cop28 president to plough on with record levels of oil and gas production: Just days after the UN's climate change summit vowed to reduce fossil fuels ...
irishexaminer.com/news/arid-41291215.html
Blueprint Offers Fossil Fuel Phaseout Solution: Nationalize Big Oil: "If we are to truly start phasing out fossil fuels," said a report co-author ...
commondreams.org/news/nationalize-fossil-fuel
Al Gore calls UAE hosting COP28 ‘ridiculous,’ slams oil CEO appointed to lead climate talks
cnn.com/2023/12/10/politics/cnntv-al-gore-cop28-uae-climate-trump/
WMO Climate Report Details 'Deafening Cacophony of Broken Records': "Governments at the COP28 climate talks must take real action for a full, fair, funded ...
commondreams.org/news/wmo-climate-broken-records
Quick Glance: Hottest Year in Recorded History Confirmed
- Scientists confirmed extreme temperatures as world leaders gathered for a summit on global warming in Dubai.
- The World Meteorological Organization announced that this year is 'virtually certain' to be the hottest in recorded history.
- The organization reported that 2023 has been about 1.4 degrees Celsius above the global average preindustrial temperature from 1850 to 1990.
- Researchers found that extreme temperatures in North America and Europe would have been 'virtually impossible' without the influence of climate change from the burning of fossil fuels.
UAE's Jaber, oil boss who brokered 'beginning of end' for fossil fuels: Sultan Al Jaber, the UAE oil chief who headed COP28 in Dubai, promised that this year's ...
france24.com/en/live-news/20231213-uae-s-jaber-oil-boss-who-brokered-beginning-of-end-for-fossil-fuels
UAE Oil CEO Sultan Al Jaber Uses His Role as U.N. Climate Summit President to Push Fossil Fuel Deals
democracynow.org/2023/11/29/cop28_president
Quick Glance: King Urges COP28 to Be 'Critical Turning Point' in Climate Change Fight
- King Charles urges world leaders in Dubai to make COP28 a 'critical turning point' in the fight against global warming.
- He emphasizes the need for 'real action' to tackle the climate crisis and steer people and nations 'away from practices that make our world more dangerous'.
- The King says the hope of the world rests on their decisions during the summit, describing it as an 'unmissable opportunity' to reduce the risk of climate change.
- Reflecting on COP21, he hopes COP28 'will be another critical turning point towards genuine transformational action' as scientists warn of alarming tipping points being reached.
The president of this year's COP28 U.N. climate talks, who also heads the Abu Dhabi National Oil Company, refused to say whether he supports phasing out fossil ... Show more
Cop28: Host UAE emission reduction plan 'falls short', says UN chief Guterres
middleeasteye.net/news/cop28-uae-emission-plan-falls-short-un-gutteres
Quick Glance: UN Chief Criticizes COP28 Climate Summit President
- UN Secretary-General António Guterres criticizes the emissions reduction plans of the COP28 climate summit
- Plans launched by Sultan al-Jaber fall significantly short
- Jaber's package includes commitments from leading oil and gas companies to reduce emissions by 2050
- Georgieva and Marshall Islands minister criticize the lack of strategy to reduce reliance on fossil fuels
Recycling palm trees could cut methane emissions and create a green alternative to plywood
cnn.com/2023/12/07/business/recycling-palm-trees-green-alternative-to-plywood-spc/
'A Real Scandal': COP28 President Used Role to Pursue Fossil Fuel Deals: "This is exactly the kind of conflict of interest we feared when the CEO of an oil ...
commondreams.org/news/uae-cop28-deals
UAE's ADNOC to acquire OCI’s stake in Fertiglobe for $3.62 bln
reuters.com/markets/deals/uaes-adnoc-acquire-ocis-stake-fertiglobe-362-bln-2023-12-15/
COP28: Amy Goodman Attempts to Question UAE Oil CEO Serving as President of U.N. Climate Talks in Dubai
democracynow.org/2023/12/6/democracy_now_questions_sultan_al_jaber
How to get the world off coal, gas and oil is the perpetual question at every United Nations climate change conference. This year’s COP28 in Dubai is no ... Show more
reuters.com: 401: 6572b80857711
reuters.com/breakingviews/energy-transition-investing-is-caught-traps-2023-12-08/
ADNOC German oil deal has bad timing, good logic: Sultan al-Jaber’s latest look at a western fossil fuel asset is one of his least happily timed ...
reuters.com/breakingviews/adnoc-german-oil-deal-has-bad-timing-good-logic-2023-11-28/
New report says oil and gas sector must slash planet-warming operations to avoid climate disaster
pbs.org/newshour/world/new-report-says-oil-and-gas-sector-must-slash-planet-warming-operations-to-avoid-climate-disaster
A Flawed Green City of the Future Holds a Secret to Taming Heat: Masdar City hasn't lived up to its grand vision. But it has mastered urban design needed on a ...
bloomberg.com/features/2023-masdar-uae-extreme-heat/
US oil and gas extraction is at a new high and will likely stay near record levels through 2050
qz.com/us-oil-and-gas-extraction-is-at-a-new-high-and-will-lik-1851055677
Documents Show Plan for Leader of COP28 Climate Talks to Promote Fossil Fuels: A leaked document has talking points for the president of the United Nations ...
nytimes.com/2023/11/28/climate/uae-cop28-documents-al-jaber.html
Exxon CEO Darren Woods likely to attend COP28 – sources: Exxon Mobil Corp (XOM.N) Chief Executive Darren Woods is making plans to attend the COP28 climate summit ...
reuters.com/business/environment/exxon-ceo-darren-woods-likely-attend-cop28-sources-2023-11-29/
COP28 President Sultan Al Jaber Claims There’s “No Science” to Back Phase-Out of Fossil Fuels
democracynow.org/2023/12/4/headlines/cop28_president_sultan_al_jaber_claims_theres_no_science_to_back_phase_out_of_fossil_fuels
Oil manager leads climate conference. Can it work?: This year's UN Climate Change Conference is being chaired by Ahmad al-Jaber. The man from Abu Dhabi is the ...
capital.de/wirtschaft-politik/ein-oelmanager-leitet-die-weltklimakonferenz--kann-das-funktionieren--34235804.html
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