George Bou Mitri, President of Honeywell for the Middle East, stated that the UAE is a global hub for innovation in energy, highlighting its pioneering digital transformation initiatives as a leading model for a sustainable future powered by advanced technology and AI.
Aramco reported strong earnings in third quarter, underpinned by operating momentum as major projects progress. The energy major's adjusted net income for the quarter stood at $28 billion (Q3 2024: $27.7 billion).
The energy industry faces rising demand from AI, aging grids, and geopolitical uncertainty, increasing the need for oil, gas, and renewables. At this year’s Adipec panel, industry leaders emphasised that the energy transition should focus on addition, not substitution.
The chief executives from three major energy companies and a high-level minister from the US zeroed in on energy security in a wide-ranging discussion at Adipec. They saw a clear link between security and investment in the oil and gas sector, and they broadly agreed on the critical need for more long-term capital investment.
The International Energy Agency (IEA) convened a regional workshop in Abuja, Nigeria, focused on translating commitments to reduce methane emissions into concrete action. Co-hosted with Nigeria’s Ministry of Petroleum Resources and the African Energy Commission (AFREC), the workshop explored regional opportunities and challenges, while sharing international best practices and cost-effective solutions.
The Integrated Gas Company finaliSed 19 agreements, including 14 gas sales valued at over RO3.4 billion ($8.8 billion). This move is expected to generate over RO2 billion in investments and includes strategic agreements with Occidental Oman and Energy Development Company.
ADIPEC 2025 opened today in Abu Dhabi, hosting its largest ever gathering of global leaders from across the energy ecosystem, bringing together more than 45 ministers and 250 C-suite executives.
The long-term outlook shows demand growth for every form of energy across every market and the industry's response to meet that demand should focus on the data, not the drama, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
The UAE has launched a $1 billion energy portfolio in Yemen to help rebuild the country’s electricity sector. Implemented by Global South Utilities, the programme includes solar and wind projects, battery storage solutions and upgraded distribution networks across multiple governorates, expanding ongoing work in Yemen.
ADNOC Board of Directors, presided over by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has approved a capex of $150 billion (AED551 billion) for 2026-2030 to maintain ADNOC’s current operations and drive smart growth.
