Blog
ADNOC STATIONS: REFUELING SERVICES IN 3 ARAB COUNTRIES.
ADNOC UAE stations are a preferred choice for motorists in three Arab countries, renowned for offering outstanding and innovative customer solutions. As part of its ambitious new five-year strategy, ADNOC Distribution aims to increase the number of its stations in the UAE, Saudi Arabia, and Egypt by 20% over the next five years, according to the Specialized Energy Platform.
- 2 years
ALGERIA'S LARGEST GAS FIELD REBOUNDS WITH NEW DEAL.
Algeria's largest gas field, Hassi Ramel, is experiencing significant efforts to maintain its production rates and avoid future declines, as it is one of the world's largest fields, according to the Washington-based Specialized Energy Platform.
- 2 years
UAE RAISES $935 MILLION FROM NEW ADNOC DRILLING OFFERING.
Abu Dhabi National Oil Company (ADNOC) successfully raised AED 3.423 billion ($935 million) through the sale of 880 million shares in ADNOC Drilling. The announcement, made on Thursday, May 23, 2024, confirmed the completion of the offering, which represents 5.5% of ADNOC Drilling's total capital shares targeted at institutional investors.
- 2 years
AFRICA'S LARGEST OIL REFINERY LOOKING FOR MASSIVE U.S. DEAL.
Africa's largest oil refinery, Dangote, is seeking a new year-long contract to supply it with U.S. West Texas Intermediate (WTI) Midland crude. Despite Nigeria's abundant domestic supplies and declining Bonny Light crude prices, the move is driven by the competitiveness of U.S. crude prices and the refinery's need to diversify its sources.
- 2 years
THE LARGEST HYDROELECTRIC STATION IN THE WORLD.
The Three Gorges Dam, the world's largest hydroelectric plant, generates vast amounts of clean electricity. Completed in 2008, it is located on the Yangtze River and boasts a capacity three times that of the Grand Coulee Dam.
- 2 years
THE FIRST ELECTRIC LOCOMOTIVE IN THE MIDDLE EAST TO BE TESTED BY THE UAE.
The UAE is advancing its adoption of clean technologies across various sectors, including maritime transport, by testing the Middle East's first all-electric locomotive. On May 21, 2024, SAFEEN Group, a subsidiary of Abu Dhabi Ports Group, announced that it had tested this pioneering locomotive, as reported by the Washington-based Specialized Energy Platform.
- 2 years
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