Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi.
Abu Dhabi authorities are responding to a fire that broke out at a facility in the Ruwais Industrial Complex, caused by a drone attack. No injuries have been reported at this time, said Abu Dhabi Media office in a X post.
Adnoc and RWE Supply & Trading (RWE) announced a strategic collaboration to explore LNG supply of up to 1 mtpa to Germany and Europe for up to 10 years. The agreement also includes potential cooperation in LNG trading, regasification, and broader opportunities across the gas and LNG value chain.
Adnoc Group’s listed companies posted record 2025 results, sustaining momentum across its integrated value chain and delivering on growth and shareholder commitments outlined at its October Investor Majlis. The six firms generated AED190.1 billion ($51.8 billion) in revenue, AED61.3 billion EBITDA, and AED35.8 billion net profit.
US private equity firm Carlyle has begun talks with UAE investors to bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan.
Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has signed a landmark structured financing transaction of up to AED40.4 billion ($11 billion) to monetise Hail and Ghasha’s midstream future gas production.
ADIPEC 2025, the world’s largest energy event, closed on Thursday, after another record-breaking year, delivering $46 billion through 35,000 cross-sector deals and bringing together a record 239,709 attendees – 17% up from 2024 – to set the agenda for the future of global energy.
Schneider Electric has entered a new phase of industrial expansion in the UAE and the wider Middle East, driven by a shift toward autonomous, AI-powered production that enables highly efficient industrial operations with minimal human intervention, said Walid Sheta, Schneider Electric's President of the Middle East & Africa region.
Adnoc has awarded AED54 billion ($14.7 billion) worth of contracts to UAE suppliers in the second half of 2025, the UAE energy major announced at a forum on Wednesday.
Adnoc has announced a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of Shell, for the delivery of up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG).
