Browsing Tag
Abu Dhabi
75 posts
Tabreed capacity grew 15% to 1.58m RT. Why is Yousif Al Hammadi becoming CEO now?
Tabreed has permanently appointed longtime executive Yousif Al Hammadi as CEO after connected cooling capacity increased 15% to 1.58 million refrigeration tons, putting portfolio integration and capital returns at the centre of his mandate.
McDermott wins $1bn-plus ADNOC Umm Shaif offshore contract as $6.2bn gas project advances
McDermott has won a contract it classifies at more than $1 billion for Umm Shaif Package 4, adding surface pressure boosting infrastructure to ADNOC’s $6.2 billion offshore gas expansion.
UAE suspends all Iran trade and financial transactions after new ballistic missile threat
UAE halts all trade and financial transactions with Iran after a missile scare, threatening one of Tehran’s most important economic lifelines.
How Inpex turned a 22.8% oil volume drop into a record ÂĄ510bn profit year
Inpex lifts 2026 net profit forecast to record ÂĄ510 billion, launches ÂĄ140bn buyback and eyes mid-2027 Abadi LNG FID as Ichthys covers Hormuz shock.
ADNOC Logistics & Services spends $1.3bn on 11 ships as Hormuz risk raises fleet-control stakes
ADNOC Logistics & Services is adding six crude tankers and five gas carriers in a $1.3 billion fleet expansion designed to support higher ADNOC export volumes. Rapid secondary-market deliveries strengthen near-term earnings capacity, but the investment arrives as Strait of Hormuz disruption exposes the operational risks attached to owning more shipping assets in the Gulf.
Ruwais LNG Project: Abu Dhabi’s 9.6Mtpa export plant advances toward 2028 start-up
The Ruwais LNG Project in Al Ruwais Industrial City, Abu Dhabi is a 9.6Mtpa ADNOC-led export development backed by bp, Mitsui, Shell and TotalEnergies, with commercial operations scheduled to start in 2028.
Umm Shaif Gas Cap project: Why ADNOC’s $6.2bn offshore gas development matters in 2026
ADNOC has approved a $6.2 billion final investment decision for the Umm Shaif Gas Cap project, aiming to unlock more than 600 million standard cubic feet per day of gas and associated liquids from one of Abu Dhabi’s most established offshore fields by 2030.
Has e& turned its Vodafone sale into the group’s strongest balance-sheet reset in years?
e& has converted its entire Vodafone holding into AED21.5 billion of immediate cash, with another AED0.4 billion due on July 30. The exit strengthens financial flexibility, but the next test is whether management deploys the proceeds more effectively across its controlled telecom businesses.
Electro Optic Systems (ASX: EOS) share price surges on Slinger order
EOS has a US$124m order, but the bigger prize is a conditional UAE laser venture. Can backlog growth outrun dilution and execution risk?
MGX weighs multibillion-dollar DayOne acquisition as $20bn IPO decision looms
Abu Dhabi-backed MGX is exploring a potential acquisition of DayOne Data Centers, creating a strategic contest between a private infrastructure deal and a possible $20 billion public listing.