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Company News, Business, Economy, Energy

Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

ADNOC L&S buys VLCC

The final dividend, equivalent to 6.78 fils per share, will be paid to shareholders on record as of 3rd April 2025. (WAM)
By TRENDS Desk
July 18, 2023 12:15 am
  • The very large crude carrier is a four dual-fuel engine ship – which can also run on liquefied natural gas.
  • The carriers, which can carry up to 2 million barrels of crude per voyage, were built in South Korea.

ABU DHABI, UAE – Abu Dhabi National Oil Company Logistics and Services (ADNOC L&S) has announced the delivery of a new crude carrier as part of a US$2 billion growth strategy.

The very large crude carrier (VLCC) is a four dual-fuel engine ship – which can also run on liquefied natural gas (LNG).

The company said that it has committed $2 billion for more environmentally friendly carriers.

In a filing to the bourse, ADNOC L&S said it has reduced the carbon intensity of its owned fleet by over 20 percent since 2018.

The first VLCC was delivered last month.

The carriers, which can carry up to 2 million barrels of crude per voyage, were built in South Korea by Hanwha Ocean.

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