Dubai, UAE--Abu Dhabi Future Energy Company, also known as Masdar, is part of a $14 billion investment into the UK’s renewable energy sector and is purchasing a 49 percent stake in RWE’s 3 gigawatt (GW) Dogger Bank South (DBS) projects - which form one of the world’s largest planned offshore...

Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of its ambitious $1.8 billion offshore exploration program. According to Tarek El Molla, Egypt's Minister of Petroleum and Mineral Resources, the country is developing several exp fields in the Mediterranean Sea,...

Firm will deliver a complete end-to-end managed service.

Abu Dhabi, UAE--AD Ports Group has signed a 25-year agreement with the Singapore-based company Crystal Offshore, a recognised one-stop logistics solution provider to the marine & offshore Industry. Under the agreement’s terms, a 20,000 square metre plot of land and an associated quay wall in Khalifa Port will be allocated...

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl for the design of unmanned Remotely Operated Vessels (ROV). The ROVs are capable of transporting vehicles, equipment and supplies to and from offshore sites, reports say. The innovative design of...

Looking to develop offshore hydrocarbon sites, Libya's National Oil Corporation has signed an $8-billion deal with Italian energy company ENI. The deal is expected to be inked on Saturday at an official ceremony. The development of the offshore sites is hoped to produce 850 million cubic feet of gas per...

The two offshore jack-up rigs will be bought for $200 million.

The company bought four rigs between May and Aug. this year.

The two firms will explore developing offshore wind projects.

US mediator Amos Hochstein on Friday noted progress in indirect talks between Lebanon and Israel over a maritime border dispute but said more work was needed for a final agreement. The dispute which involves competing claims over offshore gas fields escalated in June after Israel moved a production vessel near...

Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi.

Israeli Defense Minister Benny Gantz has warned Hezbollah that any attack on its gas assets could set off war, after Hassan Nasrallah threatened to “sever” Israel’s hands if it taps a disputed offshore field. Last month, Israel said that it had downed three drones launched by Hezbollah towards Karish.

Abu Dhabi National Oil Company (ADNOC) signed a $1.17 billion (AED4.3bn) for hiring 13 self propelled jack-up barges to drive its offshore operational efficiencies. ADNOC Offshore awarded the five year contract to ADNOC Logistics & Services (ADNOC L&S). Over 80 percent of award value will revert to UAE's economy under...

Russia's war against Ukraine has exposed our European dependency on Russian fossil fuels, and we want to get rid of this dependency," European Commission President von der Leyen said.

Lebanese officials said Sunday that any Israeli activity in disputed waters would constitute a "hostile act" and an "attack" on Lebanon's natural resources.

The three firms will create green hydrogen and sustainable aviation fuel.

Britain could build up to seven new nuclear power plants by 2050, as well as offshore wind to diversify energy sources, a senior minister said Sunday.

The move is being seen as another sign of a growing rapprochement between the two countries following last year's restoration of ties.

The new trading office of PTT, Thailand’s largest corporation and the only Thai company listed in Fortune Global 500, was opened in Abu Dhabi Global Market on Thursday. The PTT Chairman, CEO and Board of Directors travelled to Abu Dhabi to mark the milestone, alongside representatives from ADNOC, IFAD and...

The $1.94 bn agreements have been awarded to four companies.

The UN's humanitarian coordinator for war-torn Yemen said he held constructive talks with government officials and Houthi rebels over dealing with the threat posed by a rusting oil tanker abandoned offshore.

The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 – 2 trillion standard cubic feet (TSCF)...

The two firms will establish a marine logistics base at Mugharraq Port.

This was the company's first quarterly disclosure since listing on ADX.

The contract to the UAE-based company was awarded by Al Yasat Petroleum Operations Company The company will engage in the full field development of the Belbazem Offshore Block in Abu Dhabi.   National Petroleum Construction Company (NPCC) said it has bagged a $744 million engineering, procurement and construction (EPC) contract...