The company added eight new rigs during the first half of the year
NEWS
Indian billionaire Ambani says green energy to outperform other Reliance businesses
Reliance wants to achieve net carbon zero status by 2035
ADNOC Distribution reports AED 1.56 billion H1 net profit
The company accelerated delivering on its growth strategy throughout the first half of the year, with the opening of 12 new stations in the UAE
Masdar signs agreement with Tanzanian company to develop 2GW renewable energy capacity
Masdar is aiming to reach a capacity of at least 100 gigawatts by 2030 after growing its portfolio by 40% last year
Saudi Aramco, Sinopec sign agreement to collaborate on projects Â
Scope of agreement includes cooperation across upstream and downstream businesses, engineering and construction, oilfield services, carbon capture and hydrogen
OPEC+ pledges to increase September output by 100,000 barrels per day
For July and August, OPEC and its allies had pledged to add more than 600,000 barrels a day to the market
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
APICORP posts H1 2022 financial results; achieves $52mn net income
APICORP’s net income from operations grew significantly to $97.9mn in H1 2022 from $40.7mn in H1 2021
ADNOC Distribution acquires a 50% stake in TotalEnergies Egypt for approx. $200mn
The acquisition by ADNOC Distributions will also see the refurbishment of several service stations to ADNOC branding, offering a robust foothold in a fast-growing fuel retail market in Egypt
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