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UAE to invest $6.2 billion in Abu Dhabi gas project

Abu Dhabi's state oil company ADNOC will invest $6.2 billion in a new gas project. This offshore development is a joint venture with international energy companies. The project aims to produce gas volumes starting from the year 2030. The move aims to expand the UAE's liquefied natural gas platform. It…

The Economic Times

Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cuts

Saudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper discounts to attract customers. Higher transportation costs from within the Persian Gulf also reduce Saudi crude's appeal. Weak demand across Asia, especially in China, further impacts Saudi oil sales.

The Economic Times

One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz

Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to…

The Economic Times

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Abu Dhabi proposes new oil-pricing system to mirror wider market

Abu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The company is considering setting official selling prices for Upper Zakum, Das, and Umm Lulu grades based on a differential to the Dubai benchmark, a move that could…

The Economic Times

The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf

America's military is secretly guiding oil tankers in the Gulf of Oman. This operation uses drones and helicopters to help ships transfer oil. The goal is to keep energy exports flowing despite Iranian actions. At least 92 ships have been involved in these transfers since May. This method mirrors Iran's…

The Economic Times

UAE job fair offers 1,000 vacancies in AI, engineering; attracts 4,500 Emirati job seekers

More than 4,500 Emirati job seekers flocked to the Industrialists Career Exhibition 2026 in Abu Dhabi, where over 1,000 vacancies were offered across engineering, manufacturing, artificial intelligence, digital technology and other future-focused sectors.

The Times of India

SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal

Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.

Euronews

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The Iran war is pushing the global gas trade into the shadows

As the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by adopting tactics more commonly associated with the oil industry's “shadow fleet.” LNG carriers are increasingly switching off transponders, travelling in pairs, and making “dark transits” through the…

The Economic Times

LNG tanker exits Hormuz for India for first time since war began

The exit of an LNG tanker from the Strait of Hormuz marks a pivotal moment for India, signaling its first shipment from the Persian Gulf in light of the ongoing Iran conflict.

The Economic Times

Oil flows through Strait of Hormuz won’t return to normal until next year even if war ended tomorrow, warns energy boss

Disruption to exports through the waterway has sparked fears of a global economic crisis

The Independent UK

New UAE oil pipeline bypassing Hormuz 50% complete ahead of 2027 start

Iran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf of Oman coastline. The U.S. has imposed its own blockade on Iranian ports and attempted an aborted operation to reopen the chokepoint.

The Economic Times

UAE's main gas complex to resume full capacity next year after attacks

Dubai's major gas processing complex, a global giant, faces a delayed return to full capacity until 2027 following Middle East conflict. Operator ADNOC Gas reported a 15% income drop due to regional instability and market challenges, with the Strait of Hormuz blockade expected to cost millions. Full restoration is anticipated…

The Economic Times

Dubai residents take shelter as UAE intercepts Iranian missile and drone strike

Euronews journalists reported hearing explosions from air defence intercepts above Dubai after a missile alert on Monday, as the UAE said Iran struck an ADNOC-linked tanker in the Strait of Hormuz.

Euronews

The UAE’s OPEC exit signals strategic shift as Gulf unity faces new test over oil policy

The UAE's exit from OPEC signals a strategic shift, raising questions about Gulf coordination and the organisation's future.

Euronews

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The Independent UK

Tehran accused of ‘weaponising’ Hormuz as oil gains ahead of US-Iran talks

Abu Dhabi’s oil chief says nearly 230 vessels sit loaded with crude and ready to sail

The Times of India

Weaponising Strait of Hormuz is 'economic terrorism': UAE minister warns of global fallout

Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC) said on Monday that weaponising the Strait of Hormuz is an act of 'economic terrorism' while highlighting the global consequences that affect far…

inkl

The UAE’s Energy Playbook Is Paying Off Amid Global Turmoil

As global energy markets enter an unprecedented crisis, the world’s attention instinctively turns to the largest traditional producers

The Independent UK

Hungary's MOL to buy Serbia's Russia-owned NIS oil company if US approves

Hungary’s MOL Group energy company said on Monday they have signed a preliminary agreement to buy a 56.15% stake in Serbia’s Russia-owned main oil supplier that has been sanctioned by the United States

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Euronews

UAE president chairs ADNOC board meeting as company backs €130bn investment plan

The focus is on scaling production, reserves, and investment over the next five years as ADNOC deepens its role in global oil and gas markets.

Benzinga

Shell Secures 15-Year LNG Deal With UAE's ADNOC

Shell PLC (NYSE:SHEL) shares are trading lower on Tuesday. The company’s subsidiary, Shell International Trading Middle East Limited FZE, penned a 15-year deal with Abu Dhabi National Oil Company (ADNOC).

Benzinga

Australian Market Struggles With Closing Top Deals

Australia’s inability to close top MA deals is becoming a growing frustration. The collapse of Abu Dhabi National Oil Company’s (ADNOC) $18.7 billion takeover bid for Santos (OTCPK: SSLZY) (the nation’s biggest supplier of natural gas) earlier this month is just the latest example. Valuation disputes, regulatory hurdles, and unexpected…

The Guardian - AU

Is selling off Santos to a foreign buyer in Australia’s national interest? First, define national interest

The prospect of handing control of the energy company to overseas buyers has raised a series of concerns. But many of them are nebulous

The Conversation

Australia wants more foreign investment. That’s why a $29 billion bid for Santos puts the Treasurer in a tricky position

The Australian origins of Santos have made an indelible mark on the company’s very name. The energy giant was first incorporated in 1954 under the acronym for “South Australia Northern Territory Oil Search”. It was publicly listed on the Adelaide Stock Exchange that same year.

The Guardian - UK

How ‘out of touch’ Tony Blair became a serious threat to climate action

Even before his call for a net zero ‘reset’, there had been criticism of ex-PM’s lucrative links with fossil fuel nations

Euronews

Tesla’s fall in Europe will only hand the keys to Beijing

With the US, the UK and much of Europe ramping up incentives for domestic production, no wonder China is scrambling to maintain its competitive edge, Saman Rizwan writes.

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