The chief executive of Gecko Automation states that strategic investments and partnerships with state-owned energy giant ADNOC have propelled the United Arab Emirates into the top five nations for robotics adoption and innovation.
An oil tanker belonging to the UAE's national oil company, ADNOC, was reportedly attacked in the Strait of Hormuz. The incident has raised concerns amid heightened tensions in the region.
The UAE has reported an attack on an ADNOC vessel in the Strait of Hormuz and vowed to defend its navigation rights. The incident raises concerns about maritime security in the critical waterway.
The Abu Dhabi National Oil Company (ADNOC) announced that two of its ships were attacked on Thursday evening while passing through the Strait of Hormuz, according to the UAE state news agency WAM.
The Abu Dhabi National Oil Company (ADNOC) has reported 15 attacks on its vessels and employees, significantly impacting operations, as tensions and risks escalate in the Strait of Hormuz.
The UAE is backing its state-oil company, Adnoc, to pursue a more assertive and expansive global course following the country's departure from the OPEC cartel.
ADNOC has introduced one of the most significant changes to Middle East crude pricing in years, a move expected to have substantial implications for the regional oil market.
The United Arab Emirates has announced a massive $6.2 billion investment through Adnoc to expand its natural gas production. This initiative aims to achieve self-sufficiency in natural gas for the UAE.
Brookfield and Bloom Energy have expanded their partnership to $25 billion, focusing on AI infrastructure. Additionally, ADNOC, XRG, and Mitsui have broadened their energy collaboration across LNG and trading.
Indian refiners have reportedly secured sufficient crude oil and LPG supplies, extending through August and mid-July respectively, mitigating concerns arising from the ongoing Middle East crisis through purchases from ADNOC and other suppliers.
Captain Abdulkareem Al Masabi, head of logistics for the Arab oil company Adnoc, highlighted the extreme dangers and challenges of transporting oil and gas from the Gulf region through the Strait of Hormuz to Europe, citing irresponsible politicians and rising prices.
India's crude oil security is set for a significant boost as the UAE's ADNOC agrees to increase crude storage to 30 million barrels, adding over four million tonnes to India's existing strategic reserves.
Tensions between the US and Iran escalated in the Strait of Hormuz following reports of an attack on Iranian tankers, with Iran's president speaking out against exploitation. Iranian authorities later announced that the clashes in the strategic waterway had concluded.
The UAE's ADNOC top executive stated that Gulf shipping disruptions underscore the necessity for alternative export routes and flexibility, citing the Habshan-Fujairah pipeline as an example.
The US military engaged Iranian forces in the Strait of Hormuz, reportedly sinking several Iranian boats and downing missiles and drones, in an effort to reopen the strategic waterway and protect commercial shipping. This action followed alleged Iranian attacks on vessels, leading to heightened tensions and diplomatic responses.
Delhi Metro has announced an ambitious Rs 48,000-crore expansion plan, which includes the development of 7 new corridors and 65 additional stations. This significant project aims to enhance the city's public transportation network.
Abu Dhabi's state energy group, Adnoc, plans to invest tens of billions in building a US gas business. This move accelerates its diversification efforts, partly driven by the ongoing instability in the Middle Eastern energy industry, including the Iran war.
Stock-market futures were down Sunday evening, suggesting investors were bracing for a sharp drop in major indexes after weekend talks between the U.S. and Iran failed to open the Strait of Hormuz and led President Donald Trump to announce a blockade of the crucial waterway.
Der ehemalige Nationale US-Sicherheitsberater, Jake Sullivan, hält es für möglich, dass Donald Trump in der Straße von Hormus ein gemeinsames Mautkonsortium mit dem Iran anstrebt und die…
The IDF has confirmed eliminating Alireza Tangsiri, commander of the Iranian Revolutionary Guard Corps Navy, who was responsible for the Strait of Hormuz blockade, while US President Donald Trump has urged Iran's negotiators to engage fully before it's too late.
Global stock exchanges, including those in India, other Asian markets, and the US, saw significant gains and oil prices cooled after Donald Trump announced a halt to military strikes on Iran and indicated talks, easing geopolitical tensions.
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
US says its firepower will ‘surge dramatically’ and IDF warns of ‘surprises ahead’, as Iran launches retaliatory strikes
Middle East crisis – live updates
Israel and the US have bombarded Iran and…
ADNOC has ordered two additional liquefied natural gas carriers to support rising energy export demands, extending a recent multi-billion dollar vessel procurement spree.
ADNOC has awarded McDermott a mega offshore EPCI contract valued at over $1 billion to advance the Umm Shaif field development. This significant contract aims to enhance the major offshore gas project.
Abu Dhabi National Oil Co. (Adnoc) plans to reduce crude oil shipments to Asian customers in August and September, a move that is already contributing to an increase in the price of its flagship Murban oil grade.
The UAE reported that two of its oil tankers were attacked while transiting the Strait of Hormuz, with the UAE blaming Iran for the incident. This event has led to increased tensions and a slowdown in shipping traffic in the vital waterway.
Two UAE-owned oil tankers were attacked while transiting the Strait of Hormuz, prompting condemnation from the UAE and other nations. In response, the US Treasury Secretary stated that the US would impose unprecedented measures on Iran.
Adnoc Gas CFO Peter van Driel discussed the possibility of an LNG export plant on the UAE's east coast, following the company's second-quarter net income of $665 million, which surpassed analyst estimates despite Mideast shipping disruptions.
The Abu Dhabi National Oil Company (ADNOC) has reported that its operations have been significantly affected by what it describes as unprovoked attacks against its personnel and assets. The company is working to continue its activities despite these challenges.
A consortium led by Larsen & Toubro (L&T) has been awarded an offshore project contract by ADNOC, signaling a significant development in the energy sector.
ADNOC has given the green light to the $6.2 billion Umm Shaif Gas Project, aimed at significantly boosting the United Arab Emirates' gas supply. This strategic investment underscores the UAE's commitment to enhancing its energy independence.
Emirati company ADNOC Distribution is acquiring Shell's petrol station and fuel business in South Africa for approximately one billion US dollars, providing Abu Dhabi access to Africa's largest market.
UAE's Adnoc has struck a $1 billion deal to acquire Shell's South African fuels business, including 580 service stations and other assets, marking its latest overseas expansion. This acquisition is a significant move for ADNOC's global expansion strategy.
Shell is reportedly nearing a $1 billion deal to sell its South African fuel stations to a unit of ADNOC. This potential sale would mark a significant transaction in the energy sector.
BP has acquired a 10% stake in ADNOC's Bab Gas Cap project, marking a significant investment in the energy sector. This move expands BP's portfolio and collaboration with ADNOC.
UAE state-run oil group Adnoc plans to build a new pipeline to bypass the Strait of Hormuz, a move prompted by the Iran war highlighting the region's reliance on the key shipping route.
The United Arab Emirates has announced that its new oil pipeline, designed to bypass the Strait of Hormuz, is nearly 50% complete. This strategic project is expected to be operational by 2027.
The United Arab Emirates is accelerating its oil pipeline project, aiming to complete it by 2027, to bypass the Strait of Hormuz and enhance its crude export capacity. This move comes amid regional tensions and a global energy re-wiring.
President Trump reportedly paused a major military operation against Iran, "Project Freedom" or "Operation Hormuz," after Saudi Arabia denied the US access to its airspace. Trump also expressed optimism for a swift end to potential conflict and a possible deal with Iran.
ADNOC is accelerating a $55 billion investment plan following the United Arab Emirates' exit from OPEC, signaling a strategic shift in its energy policy.
The CEO of Adnoc has stated that investing in the UAE is "no longer optional" for the private sector, emphasizing the country's economic opportunities.
UAE's national oil company, ADNOC, has committed to investing $55 billion in new projects by 2028. This significant spending plan is set to accelerate post-OPEC, focusing on expanding its operations.
The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions to acquire Shell's downstream assets in South Africa, including 600 petrol stations. This potential $1 billion deal could significantly reshape South Africa's fuel retail sector and deepen Gulf investment ties.
Τα Στενά του Ορμούζ είναι κλειστό και το Ιράν πρέπει να το ανοίξει χωρίς όρους και να θεωρηθεί υπεύθυνο για τις ζημιές μετά από επιθέσεις σε εγκαταστάσεις, λέει ο Διευθύνων…
HAE: Ο CEO της…
OMV and Adnoc have announced the appointment of a new management team for their joint plastics venture, Borouge Group International, with the fusion expected to be completed by the end of March.
CEOs from major oil companies, including Aramco and Kuwait Petroleum, have canceled their attendance at a US energy conference, with ADNOC's Jaber opting to attend virtually, signaling potential impacts from current global tensions.
The Emirati national oil company Adnoc has suspended crude oil loadings at the port of Fujairah following an incident involving an explosion caused by multiple drones.
The Ruwais oil refinery in the United Arab Emirates suspended production due to a drone attack near the facility, as reported by AFP. This incident led to the shutdown of one of the world's largest refineries.
The Adnoc boss and UAE minister Al Jaber met with Japan's Sanae Takaichi, emphasizing that energy security remains a priority but could be jeopardized by any disruption in the Strait of Hormuz.
The UAE's state oil company has selected McDermott to handle engineering and construction work for a key infrastructure project at the Umm Shaif field.
Egypt and ADNOC Drilling are in discussions to expand their partnership in the oil and gas sector, aiming to strengthen energy cooperation between the two entities.
The UAE Foreign Ministry called on Tehran to cease what it described as unprovoked attacks, including a third incident in less than a week involving an ADNOC vessel in the Strait of Hormuz, and to reopen the waterway.
Adnoc Gas is exploring the development of a new LNG export plant as a strategy to bypass the Strait of Hormuz. This initiative aims to create an alternative route for oil and gas exports, potentially through Syria.
Iran has issued new, stringent demands to the United States for the reopening of the Strait of Hormuz, indicating that a quick resolution to the waterway's closure is unlikely. Despite some reports of progress in talks, Iran insists the strait will remain closed until its conditions are met.
The UAE's largest oil producer, Adnoc, spent $1.3 billion to expand its tanker fleet, aiming to capitalize on surging crude exports after the country's departure from OPEC.
Adnoc has decided to stop its efforts to establish a global oil benchmark, opting instead to price its crude against the Dubai benchmark following issues exposed during the Iran war.
Wall Street experienced market fluctuations following the Federal Reserve's interest rate decision and new inflation figures. Major tech companies like Microsoft, Apple, and Meta reported earnings, with investor focus on AI spending and its impact on future growth.
ADNOC and its partners have approved a $6.2 billion investment for the Umm Shaif Gas Cap development project in Abu Dhabi. This significant investment aims to boost the UAE's gas supply and enhance its energy production capabilities.
After more than a century, Shell is selling 580 petrol stations in South Africa to Abu Dhabi's Adnoc for one billion dollars, though it will continue oil and gas drilling off the country's coast.
Eni and Adnoc's XRG are set to purchase stakes in blocks associated with an Argentine LNG project. This move signifies a significant investment in the region's energy sector.
UAE's Adnoc has appointed an experienced oil veteran to spearhead the expansion of its trading unit. This strategic hire aims to bolster Adnoc's capabilities and reach in the global oil trading market.
Türkiye's state-run energy company BOTAŞ has signed a new natural gas sales and purchase agreement with Azerbaijan's SOCAR, TotalEnergies, and ADNOC for gas to be produced from Absheron.
President Trump announced a pause in the US operation to escort ships through the Strait of Hormuz, citing 'great progress' made on a deal with Iran. This decision aims to facilitate efforts to de-escalate tensions and end the conflict.
A South Korean-run vessel was hit by an explosion and fire in the Strait of Hormuz, prompting Seoul to confirm an attack and raising regional tensions. The incident led to the US escorting merchant ships and rejecting Iranian claims of missile strikes on its warships, while also urging China to press Iran on opening the strait.
The $500 million Russian superyacht Nord, owned by sanctioned oligarch Alexey Mordashov, successfully navigated the Strait of Hormuz. Its passage occurred despite international sanctions and a perceived blockade, raising questions about its ability to move freely.
The CEO of Abu Dhabi's state oil company, ADNOC, Sultan Al Jaber, warned that 600 million barrels of oil are blocked in the Strait of Hormuz, stating the global economy cannot endure further uncertainty regarding the waterway.
Bernstein has identified ADNOC Gas and Fertiglobe as top investment picks within the Middle East and North Africa (MENA) energy sector, according to its latest market analysis.
OMV and its Arab core shareholder ADNOC have finalized the long-negotiated merger of their chemical divisions, creating the new Borouge Group International AG, now one of the world's largest plastics producers and petrochemical conglomerates, with its headquarters in Vienna.
The ongoing Iranian blockade of the Strait of Hormuz continues to severely impact global energy markets, with Kuwait warning of a catastrophic economic domino effect. Iran's Foreign Minister and Ministry of Foreign Affairs have stated that the Strait remains open to ships from nations not backing US-Israeli aggression, communicating this to the UN. The tightened global fuel supply is particularly affecting Asian nations and causing shortages for fuel retailers in Kenya, leading to increased reliance on coal and raising concerns about potential plane groundings, as European Commission President Ursula von der Leyen highlights a 'critical energy situation.'
Oil markets, currently closed for the weekend, could face significant price fluctuations next week, as it is still unclear what impact US and Israeli strikes will have…