Africa is entering a pivotal phase in global energy dynamics, with refined product demand expected to rise from 4 million bbl/d in 2024 to over 6 million bbl/d by 2050, according to the African Energy Chamber’s 2026 Outlook Report.
Mubadala Energy, the Abu Dhabi headquartered international energy company, and PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, have signed a Heads of Agreement (HoA) to supply gas from its gas fields in the Andaman Sea.
Drydocks World has completed the full conversion and integration of the EMEM Floating Production Storage and Offloading (FPSO) vessel, delivering a key offshore asset to support production at Nigeria’s Okwok field and advance the country’s energy development and self-reliance goals.
Dubai Industrial City, part of TECOM Group, has signed an agreement with Legend Holding Group, under which the latter will invest AED300 million ($81.69 million) to establish a comprehensive mobility and green energy solutions facility in the region’s leading manufacturing and logistics hub.
Adipec 2025 emphasised the urgent need for global financiers and policymakers to accelerate energy investment. With $3.3 trillion projected for 2025, the event aimed to foster strategic partnerships and financial innovation in response to rising energy demand.
Global leaders emphasised AI and digitalisation's role in driving smart investments for energy resilience and decarbonisation, highlighting their transformative power in shaping and accelerating inclusive global progress in the energy sector, at Adipec 2025, .
Schneider Electric, a global energy technology leader, has unveiled new research revealing that nearly 80 per cent of Middle East energy sector leaders report advanced operational readiness, highlighting the region’s strong ambition toward autonomous operations.
The Abu Dhabi Department of Energy (DoE) signed agreements with several government entities during Adipec aimed at enhancing collaboration, data integration, and regulatory oversight across the Emirate’s energy sector.
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).
