Sunday, 30 March 2025

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News ReleaseNews

Weatherford Secures Three-Year Contract with ADNOC

HOUSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it has been awarded a three-year...

FILE PHOTO: A view shows a sign of the COP29 United Nations Climate Change Conference with a backdrop of the cityscape in Baku, Azerbaijan October 31, 2024. REUTERS/Aziz Karimov/File Photo
ClimateEmissionsNewsOil

UAE pledges to cut emissions by 47% by 2035

The UAE is still planning to increase fossil fuel production and consumption by 2030.

A delegate takes a selfie during the inaugural session of annual Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, United Arab Emirates, Monday, Nov. 4, 2024. (AP Photo/Altaf Qadri)
ClimateNatural GasNewsOil

The UAE opens its annual oil-and-gas summit as industry weathers Mideast wars and awaits US election

The UAE opens its oil summit, eyeing production boosts amid volatile prices and geopolitical uncertainty.

FILE PHOTO: QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi sits during a private interview with Reuters, in Doha, Qatar, November 21, 2022. REUTERS/Imad Creidi/File Photo
AnalysisBusinessEconomyFuelLiquefied Natural GasPoliticsRegulationsTrade

Qatar LNG sales to key Asian markets confronted by US, UAE rivalry

Qatar struggles to secure new LNG deals with Japan and South Korea as competition rises from U.S. suppliers offering flexible terms.

News ReleaseClimate FinanceElectricityStorage

Pre-COP29 talks make progress on fair and ambitious climate finance deal

BAKU, 14 October 2024 – The Azerbaijan COP29 Presidency has concluded a week of intensive climate diplomacy in Baku to bridge divides and deliver...

UAE state energy giant ADNOC will buy German chemicals firm Covestro for 12 billion euros ($13.3 billion) (AFP)
BusinessChemicalsEconomyIndustryInfrastructureNewsOilPolitics

UAE oil giant ADNOC swoops on German chemicals firm Covestro

Covestro accepts ADNOC's 12 billion euros takeover bid, boosting ADNOC’s diversification while Germany's chemical sector struggles.

News Release

SLB and ADNOC Drilling Partner for Unconventional Oil and Gas Development

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV)...

Brookfield Renewable logo is shown in a handout. The company and its institutional partners have signed an agreement to sell its Saeta Yield renewable energy business in Europe to the UAE's Masdar in a deal valued at US$1.4 billion. THE CANADIAN PRESS/HO
BusinessElectricityFinanceInfrastructureNewsSolarUtilities

Brookfield sells Saeta renewable power business to Masdar for US$1.4B

TORONTO — Brookfield Renewable and its institutional partners have signed an agreement to sell its Saeta Yield renewable energy business in Europe to...

News Release

ADNOC Signs Heads of Agreement with IndianOil for Ruwais LNG Project

15-year LNG agreement for 1 mmtpa reinforces ADNOC’s position as a reliable global natural gas provider  IndianOil is set to become ADNOC’s biggest...

Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration
BusinessFuelHydrogenNewsPolitics

Exxon, Abu Dhabi’s ADNOC to partner in delayed Texas hydrogen project

Baytown refinery's hydrogen development gets significant investment from ADNOC despite uncertainty over tax credits.

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