Quarterly EBITDA of $319mn is the highest ever, up 15.9%; Net profit surged to $221mn, up 21.5%; Record 9M fuel volumes at 11.7 billion litres
Energy
Latest in Energy
Abu Dhabi National Energy Company
Low-carbon focused TAQA sells 100% stake in lignite-based Neyveli plant in India
Sells its complete stake in TAQA Neyveli to MEIL for $105.4mn; to remain focused on developing efficient and low-carbon power generation assets
Future Investment Initiative
‘We’ve got the power’: Saudi to expand renewables and carbon market to fuel new economy, minister says
Prince Abdulaziz bin Salman says the new global economy is transforming how the world works and lives, and it runs on a lot of energy that must be managed responsibly
Abu Dhabi
Abu Dhabi’s XRG reportedly in talks to invest in Argentinian LNG project
Bloomberg says XRG in preliminary talks for Vaca Muerta shale basin project, that is expected to produce 28 million tons of LNG annually
clean energy
Fujairah F3 Independent Power Producer project starts commercial operation
The 2.4 GW facility is one of the largest and most efficient gas-fired power plants in the UAE, contributing to the UAE’s energy transformation
battery storage technology
Abu Dhabi launches world’s largest solar and battery storage project worth $6bn
Masdar and EWEC launch world’s largest renewable energy project in Abu Dhabi, integrating 5.2GW solar power and 19GWh battery storage
district cooling
Empower and Yokogawa to deepen ties in advancing district cooling systems
Japan’s Yokogawa is a global leader in industrial automation and digital transformation, with more than 110 years of experience
Crescent Petroleum
Early completion of KM250 project boosts capacity by 50% for Dana Gas
The $1.1bn project, completed 8 months ahead of schedule, adds 250 MMscf/d of new gas processing capacity, raising capacity to 750 MMscf/d
Algeria
Saudi – Algeria $5.4bn energy pact to unlock nearly 1 billion barrels
Saudi firm Midad Energy North Africa inks $5.4bn hydrocarbons deal with Algeria’s Sonatrach to develop Illizi Basin, funding 30-year project
Aramco
Aramco CEO: Oil and gas will remain vital for decades amid energy transition realities
Aramco CEO Amin Nasser urges pragmatic energy policies, warning that oil and gas will remain essential for decades amid global demand
Aramco
Aramco raises Petro Rabigh stake to 60% with $702m deal
Aramco acquires additional 22.5% stake in Petro Rabigh for $702m, raising its shareholding to 60% as it advances downstream growth
ADNOC Logistics & Services
ADNOC L&S, TA’ZIZ in 50-year deal for dedicated chemicals port in Ruwais
Scheduled for completion in Q4 2026, the port is projected to generate more than $1.3bn in revenue for ADNOC L&S over the first 27 years
ADNOC
ADNOC announces $43bn dividend target through 2030
ADNOC will distribute $43bn in dividends across six listed firms by 2030, reinforcing investor confidence and UAE economic growth
DEWA
DEWA and Siemens Energy launch Phase Two after ‘exceptional results’
World’s first AI Plant Intelligent Controller at the Jebel Ali Power and Desalination Complex improves efficiency and fuel savings by 2.2%
Abu Dhabi
Refreshed ‘Oasis by ADNOC’ to feature elevated food and beverage options
The relaunched identity modernises the brand, and central to this update is the introduction of the ‘On-the-Gourmet’ concept
Abu Dhabi
UAE petrol prices to change for October 2025
UAE petrol prices saw a slight decline last month as part of a period of relative stability
Saudi Arabia
Saudi Arabia’s National Water Company urges disconnection for unverified meters
The National Water Company will permanently cut off water service for unverified meters in Saudi Arabia.
