Oil/Gas

Abu Dhabi / WAM     Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, announced on Thursday that it has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest) to acquire its waste management operations in Al ...

Abu Dhabi / WAM Adnoc Refining, a joint venture company between the Abu Dhabi National Oil Company (Adnoc), Eni, and OMV, announced on Thursday that it has entered into a strategic agreement with ADQ, an Abu Dhabi-based investment and holding company, Veolia Middle East (Veolia), and Vision International Investment Company (Vision Invest) to acquire its waste management operations in Al ...

European natural gas advanced again with traders focusing on weather forecasts, while outages at key facilities highlight the risk of potential winter shortages. Benchmark futures jumped as much as 10%, extending their rebound from losses earlier in the week, with temperatures dropping closer to seasonal levels after an unusually mild October. Some forecasts also point to colder-than-normal conditions in northwest ...

Adani Enterprises Ltd., the flagship firm for billionaire Gautam Adani’s conglomerate, posted an almost 117% rise in quarterly profit, giving it more firepower to boost investments in numerous new businesses it’s nurturing. The Ahmedabad-based company reported a net income of 4.6 billion rupees ($55.5 million) for the quarter ended Septmeber 30, it said in a filing on Thursday, compared to ...

Abu Dhabi / WAM  Adnoc Drilling company on Wednesday awarded a five-year framework agreement valued at up to $1.6 billion for Integrated Drilling Fluids Services (IDFS) to support the expansion of Adnoc’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy. The award covers Adnoc’s onshore and offshore fields and will see ...

President Emmanuel Macron wants to streamline rules to build new nuclear reactors faster as maintenance issues beset France’s aging atomic facilities and the energy crisis spurs the country to accelerate the shift away from fossil fuels. His government is seeking parliament’s approval for legislation that would reduce overall construction time by more than two years by speeding up the decision ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) has signed a three-year agreement with the Atlantic Council to collaborate on the Council’s Nuclear Energy Policy Initiative and support its efforts in promoting nuclear energy as a central component to the clean energy transition. The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, ...

Abu Dhabi / WAM   Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Abu Dhabi National Oil Company (Adnoc) on Monday called for maximum energy with minimum emissions to ensure global energy security in his opening address at the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (Adipec). “A few ...

Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) and Gail (India) Limited signed a memorandum of understanding, on Monday, to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonisation, including short and long term LNG sales agreements. The agreement also includes potential optimisation of LNG trading activities, the review of joint equity investments in renewables and ...

Abu Dhabi / WAM  Abu Dhabi National Oil Company (Adnoc) announced on Monday, it has set a new Upstream Methane Intensity target of 0.15 percent by 2025. The new target is the lowest in the Middle East, reinforcing Adnoc’s status as a leader in the responsible production of lower carbon energy. Adnoc’s 0.15 percent methane intensity target means Adnoc will ...