Saudi state oil giant Aramco is exploring potential asset sales as a strategy to raise funds while pursuing international expansion and managing the impacts of lower crude prices. According to two sources familiar with the situation, the company has engaged investment bankers to propose ideas on how to leverage its assets for financial gain. As...
Global green energy leaders Iberdrola and Masdar announced a significant strategic partnership at the UN Climate Change Conference (COP28) in Dubai. This collaboration aims to co-invest up to €15 billion in offshore wind and green hydrogen projects. Credit: Windinsider The partnership reflects both companies’ commitment to advancing renewable energy solutions and addressing climate change. Iberdrola...
ADNOC and Mitsubishi Heavy Industries today announced the signing of a strategic cooperation agreement aimed at exploring potential collaboration in building supply chains for low-carbon ammonia and hydrogen. This partnership seeks to leverage both companies’ expertise to develop these emerging markets on a global scale. Credit: ZAWYA The agreement highlights the commitment of ADNOC, the...
Abu Dhabi-listed NMDC Energy is actively working to strengthen its ties with Chinese companies as part of its strategy to expand its operations. The company is particularly focused on securing new contracts in Iraq, North Africa, and Nigeria. In its pursuit of growth opportunities, NMDC Energy is exploring the potential for collaboration with Chinese firms...
Russia is currently in advanced discussions with Bahrain regarding a three-year liquefied natural gas (LNG) agreement. Under this proposed deal, Moscow would supply the Gulf kingdom with 1.5 million metric tons of LNG. This information comes from three sources familiar with the ongoing negotiations. If finalized, this agreement would mark the first LNG deal between...
ADNOC and Emirates Global Aluminium (EGA) have announced a significant five-year supply agreement valued at AED1.84 billion. This deal will facilitate the local supply of up to 1.5 million tonnes of calcined petroleum coke (petcoke), which is a crucial raw material for aluminium production. Credit: Abu Dhabi Media Office The agreement is expected to enhance...
Dubai’s commitment to transforming waste into renewable energy was highlighted during a recent visit by Eng. Marwan bin Ghalita, Director General of Dubai Municipality, to Tadweer, a prominent waste management facility in the emirate. The visit focused on Tadweer’s pilot biogas facility, which illustrates how organic waste can be converted into clean, renewable energy, contributing...
The Abu Dhabi National Oil Company (ADNOC) has signed a strategic partnership agreement with Tubacex, a global leader in advanced tubular solutions. This collaboration aims to localize critical oilfield technology in Abu Dhabi, enhancing the region’s energy sector. Credit: Abu Dhabi Media Office This partnership is expected to significantly boost local capabilities in the oilfield...
AD Ports Group, a prominent facilitator of global trade and logistics, has signed a Head of Terms Agreement with Advario, a leading provider of tank storage and infrastructure solutions. This agreement aims to explore the establishment of a joint venture focused on developing and operating green energy and liquid bulk storage projects both in the...
A UAE-Morocco alliance has finalized deals for energy and water infrastructure projects valued at over $14 billion, as stated in an announcement made on Monday. This significant investment aims to enhance both water security and energy independence in Morocco. The agreements were signed between the Moroccan state-owned National Office of Electricity and Drinking Water (ONEE),...