EHC Investment, through its energy division Emirates International Gas (EIG), has successfully completed the acquisition of Al Fanar Gas Group. This company is recognized as Abu Dhabi’s largest gas distributor and maintenance provider, as well as one of the leading gas service firms in the UAE. This strategic acquisition is expected to enhance EHC’s long-term...
The United Arab Emirates’ Abu Dhabi National Energy Company PJSC, commonly known as Taqa, has reached out to CriteriaCaixa SA, the largest shareholder of Naturgy Energy Group SA, to revive discussions regarding a potential stake in the Spanish utility valued at €24 billion (approximately $26 billion). Sources familiar with the matter revealed that Taqa’s chairman,...
Saudi Aramco, a leading integrated energy and chemicals company, has finalized the acquisition of a 50% equity interest in the Blue Hydrogen Industrial Gases Company (BHIG), based in Jubail. This partnership with Air Products Qudra (APQ) aims to enhance hydrogen production in the Jubail Industrial City, focusing on lower-carbon hydrogen solutions derived from natural gas....
The United Arab Emirates (UAE) has developed a robust economic partnership with the United States, valued at $1 trillion. This relationship spans various sectors, including energy, technology, and healthcare. Recently, Sheikh Tahnoun bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi and UAE National Security Adviser, held high-level discussions with US President Donald Trump...
Sheikh Tahnoun bin Zayed, the Deputy Ruler of Abu Dhabi and National Security Adviser, met with officials from the Trump administration and various business leaders on Monday. The discussions focused on enhancing economic partnerships, energy investments, and advancements in artificial intelligence. During the meeting, Sheikh Tahnoun emphasized the importance of deepening collaboration between the UAE...
Abu Dhabi National Oil Company (Adnoc) is reportedly considering acquiring energy assets from the Mubadala Investment Company, according to sources familiar with the situation. Negotiations initially began late last year, but discussions have since stalled due to disagreements over asset valuation. The potential deal is estimated to be worth around $10 billion. Sources indicated that...
Ignite Energy Access, a prominent provider of Distributed Renewable Energy (DRE) solutions in Africa, has announced plans to establish its global headquarters in Abu Dhabi, following a strategic agreement with the Abu Dhabi Investment Office (ADIO). This collaboration aims to enhance job creation and support Ignite’s mission to connect 100 million people in Africa with...
AIQ, a subsidiary of Presight, has announced a significant $340 million contract with the Abu Dhabi National Oil Company (ADNOC) to implement its ENERGYai solutions across ADNOC’s upstream operations. This landmark agreement follows the successful completion of a proof-of-concept phase and aims to enhance optimization and efficiency within ADNOC’s upstream value chain over the next...
Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, has announced that its subsidiary, L&T Energy Hydrocarbon (LTEH), has secured a significant contract worth $1.5 billion from Saudi Aramco. This contract involves providing essential engineering, procurement, and construction (EPC) services for the first phase of Aramco’s ambitious Carbon Capture & Storage (CCS) hub in...