The Ruwais derivatives complex is being operated by TA’ZIZ, ADNOC’s 60:40 joint venture (JV) with Abu Dhabi’s industrial holding company ADQ. Comprising of three zones, phase one of the project involves constructing production plants to manufacture a number of chemicals at global scale, with opportunities for additional investors and partners to participate. Operations are expected to begin […]
Abu Dhabi
Posted inNews
Middle East eyes $120 billion spend to increase gas production
The Middle East is set to spend as much as $120 billion to increase gas production by 14 billion standard cubic feet a day (bcfd) to 86 bcfd by 2030, according to a new report by Wood Mackenzie. The report ‘The Middle East steps on the gas’ shows gas supply growth in the Middle East […]
Posted inNews
Abu Dhabi to build Middle East’s first electric aircraft facility
Abu Dhabi-based manufacturer Monarch Holding and Chinese company EHang Holdings have signed an agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi. The announcement is in line with Abu Dhabi Industrial Strategy’s initiatives, including […]
Posted inExploration & Production
Fugro lands contract for major field development program in Abu Dhabi
European geo-data specialist Fugro has been awarded a contract for site characterisation services for one of the largest long-term field development programmes in Abu Dhabi. Starting this month, Fugro will perform a series of offshore surveys including geophysical, geotechnical and remotely operated vehicle (ROV) inspections supported by advanced engineering and geoconsulting studies to help inform […]
Posted inNews
Inside Abu Dhabi’s $30 billion Upper Zakum megaproject
The Upper Zakum Oil Field is the largest producing field in ADNOC’s portfolio. It is also the second-largest offshore oil field and the fourth-largest oil field in the world. As part of ADNOC’s ambitious target to accelerate the delivery of its 2030 smart growth strategy, the company plans to increase the field capacity of Upper […]
Posted inNews
ADNOC eyes $2 billion from gas unit IPO
The final offer price is expected to be announced on March 3
Posted inNews
Abu Dhabi signs $25 million agreement for Mohamed Bin Zayed solar park expansion
The Abu Dhabi Exports Office (ADEX) said on Thursday that it signed $25 million financing agreement with Togo’s Ministry of Economy and Finance to boost the capacity of the Mohamed bin Zayed Solar Park in the West African country. Dubai-based clean energy company Amea Power will lead the construction and operation of the 50-megawatt energy complex, which is expected […]
Posted inNews, DRILLING & PRODUCTION
Once a fishing village, this is how an oil boom transformed the UAE’s capital city
As the UAE celebrates its 51st National Day, I can’t help but think back about the remarkable transformation of Abu Dhabi from a village to a thriving oil exporter
Posted inEnergy Transition
Masdar achieves financial close for 230MW Garadagh solar PV in Azerbaijan
The project by Masdar will help to generate half a billion kilowatt-hours of electricity annually and will reduce emissions by more than 200,000 tonnes a year
Posted inExploration & Production
ADNOC makes second gas discovery from offshore Block 2 exploration concession
Operated by Eni, ADNOC’s latest discovery indicates a further 1 – 1.5 TSCF of natural gas from a deeper zone in Abu Dhabi’s Offshore Block 2 Exploration Concession
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