Dr Sultan bin Ahmed Al Jaber, ADNOC’s group CEO and Minister of Industry and Advanced Technology (MoIAT), announced more than 30 innovative industrial projects worth more than $1.6 billion during the second edition of the Make it in the Emirates Forum, which is being held under the theme of “Investment. Sustainability. Growth”. “These projects include […]
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Saudi Arabia’s energy megaprojects: 3 upcoming developments you need to know about
Saudi Arabia has announced several ambitious plans to launch a wave of megaprojects that are set to transform the country into a global economic powerhouse, as reported by Arabian Business. With investment totaling billions of dollars, the kingdom is embarking on a journey to diversify its economy away from oil, create jobs, and boost its international standing […]
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Chevron JV secures engineering contract for Rabigh complex
Chevron Lummus Global (CLG) announced a recent contract award from Saudi Arabia’s TAQAT Development Co for a new 75,000 tonnes per annum (TPA) graphite complex in Rabigh, Saudi Arabia. Under the agreement, Chevron Lummus Global will provide pilot plant testing, licensing, basic design, and additional engineering and operations support. The feedstock will be supplied by […]
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Dubai’s 2050 emissions-free plan to save $817 million
Dubai public transport will be entirely emissions-free by 2050, according to the city Roads and Transport Authority (RTA). The RTA said its new plan will result in reducing CO2 emissions by 10 million tonnes while also saving $817 million in comparison to current operations. The plan includes electric taxis, net zero buildings and sustainable waste management […]
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UAE commits $275 million for landmark nuclear energy initiative
UAE has pledged its support, along with partners from the US, Japan, and South Korea, to invest up to $275 million in nuclear energy project in Romania. The UAE’s contribution, facilitated by the Emirates Nuclear Energy Corporation (ENEC), will be directed towards the deployment of a NuScale Small Modular Reactor (SMR) in Romania. Leveraging its […]
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UAE consortium to build multi-billion dollar desalination project
Together with ADNOC and TAQA, the Orascom Construction-led consortium will develop, own, and operate the plant
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ADNOC L&S draws record-breaking IPO subscription of $125 billion
ADNOC Logistics and Shipping Services’ initial public offering (IPO) of received unprecedented attraction from investors across the world, making it the most sought-after issue of the year. Total demand for the IPO has surpassed $125 billion or AED 460 billion, resulting in an oversubscription level of 163 times, which is the highest ever recorded for […]
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ADNOC, TAQA award $2.4 billion massive water project
ADNOC and TAQA have awarded a strategic investment project worth up to $2.4 billion for a major desalination plant to support ADNOC’s onshore operations, a press statement has revealed. The project entails the development of a state-of-the-art seawater treatment facility and a transportation network that will serve the Bab and Bu Hasa fields in Abu […]
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UAE 2023 economic growth to suffer due to oil output decline: Report
The UAE’s economic growth prospects for 2023 face key obstacles, including a decline in oil output resulting from OPEC-agreed production cuts, a slowdown in the non-oil sector due to higher interest rates, and subdued external demand, a new report from GlobalData shows. The real GDP of the UAE is forecast to expand at a slower […]
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Creating renewable water with infrastructure-free Hydropanels
Innovation is essential for growth, and companies constantly search for ways to address inherent business challenges. The oil and gas industry is increasingly recognising the need to integrate sustainability into its operations, which includes managing its environmental footprint, promoting resource efficiency, and driving cost savings. The industry is leveraging innovative approaches to enhance operations, reduce […]