Tag archive for ‘Abu Dhabi’
By businessnewstoday On Friday, November 27th, 2020

JinkoSolar to divest stake in 1.2GW Sweihan Power Station in Abu Dhabi

(adsbygoogle = window.adsbygoogle || []).push({}); JinkoSolar has struck a deal to sell its stake in the Sweihan Power Station, a 1.2GW solar power plant in Abu Dhabi, to Jinko HK, an indirectly wholly-owned More...

By businessnewstoday On Sunday, August 2nd, 2020

Barakah Nuclear Energy Plant : Unit 1 of 5.6GW nuclear power plant in UAE commissioned

Nawah Energy Company, a joint venture between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO), has commissioned Unit 1 of the 5.6GW Barakah Nuclear Energy Plant in the More...

By businessnewstoday On Monday, June 8th, 2020

Abu Dhabi’s ADIA to invest $752m in Reliance’s Jio Platforms

Indian conglomerate Reliance Industries announced securing a further investment of INR 56.83 billion ($752 million) for its digital services platform Jio Platforms from a fully-owned subsidiary of the Abu Dhabi More...

By Raghuram Kadari On Wednesday, September 25th, 2019

Cologix growth strategy gets $500m booster from Mubadala and Stonepeak

Abu Dhabi-based investment firm Mubadala Investment in collaboration with Stonepeak Infrastructure Partners has agreed to invest approximately $500 million in Cologix, a US network-neutral interconnection and data More...

By Soujanya Ravi On Tuesday, February 19th, 2019

ADNOC awards Abu Dhabi Onshore Block 3 rights to Occidental Petroleum

US oil and gas company Occidental Petroleum has been granted exploration rights to Abu Dhabi’s Onshore Block 3 from the Abu Dhabi National Oil Company (ADNOC) for a participation fee of AED893 million ($244 million). The More...

By Soujanya Ravi On Monday, February 11th, 2019

ADNOC to offload 35% stake in ADNOC Refining to Eni and OMV for $5.8bn

Italy’s Eni and Austria’s OMV, through separate agreements, have agreed to acquire stakes of 20% and 15%, respectively in ADNOC Refining – the refining business of Abu Dhabi National Oil Company (ADNOC), for More...

By businessnewstoday On Sunday, March 18th, 2018

Total to pay ADNOC $1.45bn to join Abu Dhabi offshore concessions

Total ADNOC deal : Total has made a AED5.3 billion ($1.45 billion) deal with the Abu Dhabi National Oil Company (ADNOC) to take stakes in two new offshore blocks in Abu Dhabi. As per the agreements signed by the More...

By businessnewstoday On Monday, March 12th, 2018

Eni buys stake in Abu Dhabi offshore oil and gas fields in UAE for $875m

Eni has signed a couple of concession agreements to acquire a stake of 5% and 10% in the Lower Zakum offshore oil field and the Umm Shaif and Nasr oil, condensate and gas offshore fields, respectively in offshore More...

By businessnewstoday On Sunday, February 25th, 2018

Milrem Robotics unveils THeMIS unmanned ground vehicle at UMEX 2018

Estonia-based Milrem Robotics has unveiled a new unmanned ground vehicle at Unmanned Systems Exhibition and Conference (UMEX) 2018 in Abu Dhabi, named as THeMIS, which has been designed to operate mainly in desert More...

By businessnewstoday On Monday, February 19th, 2018

Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore More...