US energy secretary Wright to visit UAE
Amid plunging oil prices and global energy tensions, Secretary Chris Wright will kick off a two-week trip to the UAE, Saudi Arabia and Qatar to push for increased production, assess nuclear cooperation, and align Gulf partners with Washington’s evolving energy strategy.
Alpha MBM and Uganda to build oil refinery
Uganda partners with Dubai’s Alpha MBM to develop a 60,000 bpd oil refinery, signaling a major step in its hydrocarbon ambitions with a $4 billion investment, storage terminal, and pipeline project.
UAE’s Taqa nears deal with Spain’s Naturgy Energy Group
Abu Dhabi’s Taqa is negotiating with CriteriaCaixa to buy into Spain’s €24 billion Naturgy Energy Group, aiming for strategic entry without majority control.
Abu Dhabi’s Adnoc Plans to Buy Mubadala Energy Assets
Adnoc is negotiating a potential $10 billion acquisition of Mubadala’s energy assets, aiming to consolidate Abu Dhabi’s oil and gas holdings amid sector diversification.
UAE-based ADNOC Drilling plans to invest over $1 billion
ADNOC Drilling plans to invest over $1 billion, expand in Oman and Kuwait, and boost offshore, onshore, and oilfield services as part of its growth strategy.
UAE plans to develop alternative clean energy in Indonesia
Emirates Global Aluminium plans to explore clean energy solutions in Indonesia, with officials discussing renewable projects and aluminium industry expansion.
UAE releases fuel prices for February 2025
UAE increases petrol and diesel prices by up to 14 fils per liter in February 2025, following global oil market trends and monthly pricing policy.