US private equity firm Carlyle has begun talks with UAE investors to bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan.
Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has signed a landmark structured financing transaction of up to AED40.4 billion ($11 billion) to monetise Hail and Ghasha’s midstream future gas production.
ADIPEC 2025, the world’s largest energy event, closed on Thursday, after another record-breaking year, delivering $46 billion through 35,000 cross-sector deals and bringing together a record 239,709 attendees – 17% up from 2024 – to set the agenda for the future of global energy.
Schneider Electric has entered a new phase of industrial expansion in the UAE and the wider Middle East, driven by a shift toward autonomous, AI-powered production that enables highly efficient industrial operations with minimal human intervention, said Walid Sheta, Schneider Electric's President of the Middle East & Africa region.
Adnoc has awarded AED54 billion ($14.7 billion) worth of contracts to UAE suppliers in the second half of 2025, the UAE energy major announced at a forum on Wednesday.
Adnoc has announced a 15-year Sales and Purchase Agreement (SPA) with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of Shell, for the delivery of up to 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG).
Adnoc, Masdar, XRG, and Microsoft announced a strategic agreement to accelerate artificial intelligence (AI) deployment across Adnoc’s value chain, and to deliver energy solutions for Microsoft’s global AI and data centre growth.
Adnoc and SLB announced the launch of an artificial intelligence (AI)-powered Production System Optimisation (AiPSO) platform with initial deployment across eight fields.
ADNOC Board of Directors, presided over by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has approved a capex of $150 billion (AED551 billion) for 2026-2030 to maintain ADNOC’s current operations and drive smart growth.
Adnoc and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across Adnoc’s operations and boosting future skills training for UAE Nationals.
