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Adnoc Drilling to buy 70% stake in SLB Kuwait, Oman rigs unit

Adnoc Drilling Company announced today that it has signed an agreement to acquire a 70% stake in SLB s land drilling rigs business in Kuwait and Oman comprising eight fully operational land rigs under...

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Adnoc Drilling secures $1.15bn contract for two jack-up rigs

Adnoc Drilling Company has received a 1.15-billion 15-year contract for two jack-up rigs from Adnoc Offshore in support of its growing offshore operations. The contract will follow existing agreements...

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Fertiglobe's ammonia, urea production to hit 7.6m T in two years

Fertiglobe an ADNOC subsidiary based in the UAE is currently evaluating several strategic projects before making final investment decisions. These include a collaborative project with Exxon in the US and...

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Enercap, ROX Motor to pioneer sustainable EV energy storage

Enercap by Apex Energy the UAE based supercap energy storage manufacturer and ROX Motor formalized a strategic partnership during the Make it in the Emirates (MIITE) 2025. Aligned with national strategies...

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Al Masaood Energy develops local third-generation solar tech

Al Masaood Energy is manufacturing third-generation solar technology in the UAE as part of its strategy to reduce carbon emissions in the oil and gas sector. Ibrahim Al Hashidi Regional Manager of Renewable...

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Krohne fuels sustainable innovation in Mideast energy

Krohne Middle East held its Technology Showcase Week 2025 from May 5 to 9 attracting over 100 participants from over 25 leading companies to explore sustainable future-ready solutions in flow measurement...

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Adnoc awards contract worth $17bn to 400 local suppliers in 2025

Nearly 400 local suppliers contractors and service providers have received contract awards from Adnoc valued at AED 65.7 billion ( 17 billion) in the first half of 2025 as the company deploys its purchasing...

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Masdar raises $1bn through green bond issuance

Masdar has issued another 1 billion green bond bringing the total outstanding under its green bond program to 2.75 billion and reinforcing the company s global leadership position in sustainable finance....

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Schneider Electric showcases AI-powered digital grid platform

Schneider Electric a global leader in the digital transformation of energy management and automation is showcasing its latest innovations in grid modernisation and utilities digitalisation at the World...

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ADNOC’s listed companies post strong Q1 results with $2.3bn net profit

ADNOC Group s publicly traded portfolio companies combined to deliver over 2.3 billion (AED8.4 billion) in first quarter net profit reflecting their resilient business models and ability to generate robust...

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Investcorp sells Resa Power Company to Kohlberg

Investcorp a leading global alternative investment firm based in Bahrain has announced that it has sold its investment in Resa Power a leading provider of power systems electrical testing transformer services...

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QatarEnergy CEO urges energy investment for fair oil prices

Saad Al-Kaabi the Minister of State for Energy Affairs the President and CEO of QatarEnergy called for continued investments in energy projects stressing that a fair oil price will ensure sustained production...

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ADNOC L&S, Regent to trial high-speed electric seagliders

ADNOC Logistics and Services (ADNOC L&S) a global energy maritime logistics leader has selected US-based Regent s electric seaglider for a proof-of-concept trial to assess the craft s suitability for transporting...

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Adnoc, Tubacex to localise oilfield technology in UAE

Adnoc has announced the signing of a strategic partnership agreement with Tubacex a global leader in advanced tubular solutions to localise critical oilfield technology enhancing the resilience of the...

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Adnoc deepens energy partnerships with US companies

Adnoc has announced multiple agreements with US energy majors during the UAE-US business dialogue with US President Donald Trump. The agreements will potentially enable 60 billion of US investments in...

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SFME hosts networking for business, sustainability leaders

Sustainability Forum Middle East (SFME) a regional platform dedicated to driving net zero and nature positive solutions hosted a networking reception at SUSHISAMBA Conrad Bahrain Financial Harbour bringing...

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