UAE oil giant ADNOC to buy German chemicals firm for 12bn euros FRANKFURT: German chemicals group Covestro said Tuesday it had accepted a takeover bid from the United Arab Emirates... Published 01 Oct, 2024 01:55pm
Markets Insurance, chemical stocks keep STOXX 600 at over one-month high PARIS: The benchmark European stock index rose to its highest since July on Wednesday, boosted by insurance and... Published 29 Aug, 2024 06:53am
World Shell, Total, BP take stakes in UAE gas project DUBAI: Energy majors TotalEnergies, Shell and BP will each take a 10 percent stake in a liquefied natural gas... Published 10 Jul, 2024 06:45pm
Markets Aramco, ADNOC reportedly weighing bids for Australia’s Santos, but analysts sceptical Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) have been separately considering bids for Santos, Bloomberg... Published 04 Jul, 2024 10:48am
World Germany’s Covestro unveils cost cuts amid UAE energy firm takeover talks FRANKFURT, (Germany): German chemical maker Covestro unveiled Tuesday a 400-million-euro ($430-million) cost-cutting... Published 26 Jun, 2024 03:15am
Business & Finance Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say LONDON: Gulf oil giants Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) are in talks to invest in U.S.... Published 06 Mar, 2024 06:35pm
Markets BP and ADNOC to form gas joint venture in Egypt DUBAI: Global oil major BP and state-owned Abu Dhabi National Oil Company will form a joint venture in Egypt that... Published 14 Feb, 2024 02:51pm
Opinion Obituary Wasim Zuberi: a gentleman extraordinary departs On 15th December 2023 in Islamabad, the family of Wasim Zuberi lost their lovable patriarch, the petroleum sector... Published 30 Dec, 2023 06:28am
Markets ADNOC signs 15-year LNG supply deal with unit of China’s ENN DUBAI: Abu Dhabi’s state oil giant ADNOC said on Wednesday it signed a 15-year agreement to deliver at least 1... Published 20 Dec, 2023 01:13pm
World COP28’s UAE president says ‘we respect’ climate science DUBAI: The Emirati president of the UN’s COP28 talks said Monday he respects climate science, after a leaked video... Published 04 Dec, 2023 04:37pm
World 50 oil and gas companies pledge to cut operational emissions DUBAI: Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their... Published 03 Dec, 2023 02:59am
Markets Big Oil, heavy industry discuss emission curbs ahead of COP28 ABU DHABI: Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab... Published 02 Oct, 2023 10:22am
Markets Abu Dhabi’s ADNOC Gas signs 5-year LNG supply deal with Japex TOKYO: Abu Dhabi’s ADNOC Gas said on Thursday it has signed a five-year deal to supply liquefied natural gas (LNG)... Published 17 Aug, 2023 10:17am
Markets ADNOC Gas awards $3.6bn contract to expand UAE gas processing DUBAI: State oil giant Abu Dhabi National Oil Company’s gas unit, ADNOC Gas, said on Wednesday it awarded a $3.6... Published 09 Aug, 2023 11:14am
Markets UAE climate chair urges oil firms to slash emissions PARIS: The Emirati oil executive chairing this year’s UN climate summit, Sultan Al Jaber, told private and national... Published 06 Jul, 2023 04:48pm
Business & Finance Abu Dhabi’s ADNOC in almost $11bn approach for Covestro DUBAI: Abu Dhabi National Oil Company (ADNOC) has approached German plastics and chemicals maker Covestro AG with a... Published 26 Jun, 2023 06:38am
Print UAE minister due after Eid to ink different deals ISLAMABAD: A high-level delegation from the United Arab Emirates (UAE) headed by Sultan Al-Jabar, Minister for... Updated 24 Jun, 2023 08:54am
World ADNOC Gas reports higher Q1 profit as lower costs offset weak volumes DUBAI: Abu Dhabi National Oil Company’s gas subsidiary reported higher first quarter profit on Thursday, as lower... Published 11 May, 2023 01:28pm
Markets UAE’s ADNOC to supply full crude volumes to Asian buyers in July SINGAPORE: The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply... Published 05 May, 2023 09:34am
World UAE's ADNOC signs $1bn LNG deal with TotalEnergies DUBAI: The United Arab Emirates' ADNOC Gas announced Monday a $1 billion deal to provide liquefied natural gas to... Updated 01 May, 2023 09:46pm
World COP28 head urges ‘accessible’ global climate finance SAPPORO: Sultan Al Jaber, president of the COP28 climate talks, called on Saturday for “available, accessible and... Published 16 Apr, 2023 03:36am
World UAE president names son as crown prince, presumed future leader DUBAI: The United Arab Emirates’ president named his eldest son as crown prince of Abu Dhabi late on Wednesday,... Published 30 Mar, 2023 02:33pm
Business & Finance BP, ADNOC place $4bn bid for half of Israel’s NewMed Energy OCCUPIED JERUSALEM: Gas giants British Petroleum (BP) and Abu Dhabi National Oil Company (ADNOC) placed a $4 billion... Published 30 Mar, 2023 06:35am
Markets Asia’s regrade posts gain on increased buying SINGAPORE: Asia’s regrade spread, the differential between 10 ppm gasoil and jet fuel cracks, pared the entire... Published 26 Mar, 2023 03:19am
Markets Most Gulf markets retreat on US bank’s contagion fears Most Gulf stock markets fell in early trade on Tuesday, as fears of contagion risks from US-based Silicon Valley... Published 14 Mar, 2023 02:24pm
Markets UAE’s ADNOC Gas shares surge 25% in $2.5bn IPO DUBAI: Shares in the United Arab Emirates’ ADNOC Gas soared 25 percent in opening trade on Monday in a $2.5 billion... Published 13 Mar, 2023 12:57pm
Markets Abu Dhabi gains ahead of Adnoc Gas IPO, Dubai weighed by ex-dividend stocks Stocks in Abu Dhabi gained on Friday after flagship oil firm Abu Dhabi National co, also known as Adnoc, set the... Published 03 Mar, 2023 07:29pm
Markets UAE’s ADNOC prices gas business IPO near top of range ABU DHABI: State oil giant Abu Dhabi National Oil Co (ADNOC) on Friday set the final price for its initial public... Updated 03 Mar, 2023 12:10pm
Markets UAE’s ADNOC Gas eyes $2bn windfall in IPO DUBAI: State-owned UAE energy firm ADNOC Gas announced a price range on Thursday for an initial public offering it... Published 23 Feb, 2023 05:13pm
Markets ADNOC to float 4% of its gas business in IPO DUBAI: ADNOC will sell 4% of it gas business in an initial public offering (IPO), according to a newspaper notice... Published 17 Feb, 2023 10:16am