Company Insights Fertiglobe Industry Fertiglobe News Industry Adnoc to complete $3.6bn Fertiglobe stake purchase today State-run Abu Dhabi National Oil Company (Adnoc) is expected to close the acquisition of Amsterdam-based OCI Global’s 50 percent stake plus one share in Fertiglobe on Tuesday after receiving all required approvals. A block trade was initiated on the Abu Dhabi Securities Exchange (ADX) on October 11, which will settle today. After the stake buyout, […] October 15, 2024 Industry Abu Dhabi’s Fertiglobe revenue hit by lower sales Revenues at fertiliser producer Fertiglobe slipped 16 percent to $1.05 billion in the first half of 2024 from $1.24 billion a year earlier due to lower sales. Net profit attributable to owners over the same period fell 39 percent year on year to $131 million. Abu Dhabi-listed Fertiglobe is the largest nitrogen fertiliser producer in the […] August 2, 2024 Sustainability Fertiglobe to supply renewable ammonia to Europe Abu Dhabi-listed fertiliser maker Fertiglobe has won the first global bid to supply renewable ammonia to the European Union (EU) as the trade bloc ramps up decarbonisation efforts. The company, a partnership between UAE oil giant Adnoc and Netherlands-based OCI, will supply 19,500 tonnes of renewable ammonia in 2027, with volumes potentially rising to 397,000 tonnes by 2033 […] July 12, 2024 Analysis Renewable Energy Austerity threatens Egypt’s green energy progress Sprawling over 37 sq km of desert north of Egyptian city of Aswan, the Benban Solar Park is one of the largest photovoltaic power plants in the world. Made up of 41 individual solar plants, the park’s investors boast it can be seen from space. Launched in 2018 and now at 1.8 gigawatt capacity, in […] July 9, 2024 Industry Adnoc makes final bid for German chemicals maker German chemical company Covestro AG has confirmed that it has started “concrete negotiations” over a $12.5 billion offer from Abu Dhabi National Oil Company (Adnoc). Covestro said in a statement that Adnoc had offered €62 ($67) a share as a starting point for the negotiations, which are subject to the completion of due diligence. In […] June 25, 2024 Opinion Oil & Gas Adnoc’s acquisition strategy could lead to something major Abu Dhabi's oil giant is keeping watch as European supermajors shed assets February 19, 2024 Opinion Renewable Energy Green hydrogen: who will buy the ‘fuel of the future’? Middle East enthusiasm is not matched by Europe and Asia January 8, 2024 Opinion Energy The year ahead for Mena energy The region’s chasms have rarely been so wide – they must be bridged in 2024 January 1, 2024 Adipec Oil & Gas Adnoc signs deals for world’s largest sour gas development Abu Dhabi state oil producer Adnoc has awarded engineering, procurement and construction contracts worth nearly $17 billion for its Hail and Ghasha sour gas development, the biggest of 30 agreements the energy giant signed at the Adipec conference this week. Adnoc awarded an offshore package worth $8.2 billion to a joint venture between the National […] October 5, 2023 Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023 Posts navigation Previous 1 2 3 4 Next
Industry Adnoc to complete $3.6bn Fertiglobe stake purchase today State-run Abu Dhabi National Oil Company (Adnoc) is expected to close the acquisition of Amsterdam-based OCI Global’s 50 percent stake plus one share in Fertiglobe on Tuesday after receiving all required approvals. A block trade was initiated on the Abu Dhabi Securities Exchange (ADX) on October 11, which will settle today. After the stake buyout, […] October 15, 2024
Industry Abu Dhabi’s Fertiglobe revenue hit by lower sales Revenues at fertiliser producer Fertiglobe slipped 16 percent to $1.05 billion in the first half of 2024 from $1.24 billion a year earlier due to lower sales. Net profit attributable to owners over the same period fell 39 percent year on year to $131 million. Abu Dhabi-listed Fertiglobe is the largest nitrogen fertiliser producer in the […] August 2, 2024
Sustainability Fertiglobe to supply renewable ammonia to Europe Abu Dhabi-listed fertiliser maker Fertiglobe has won the first global bid to supply renewable ammonia to the European Union (EU) as the trade bloc ramps up decarbonisation efforts. The company, a partnership between UAE oil giant Adnoc and Netherlands-based OCI, will supply 19,500 tonnes of renewable ammonia in 2027, with volumes potentially rising to 397,000 tonnes by 2033 […] July 12, 2024
Analysis Renewable Energy Austerity threatens Egypt’s green energy progress Sprawling over 37 sq km of desert north of Egyptian city of Aswan, the Benban Solar Park is one of the largest photovoltaic power plants in the world. Made up of 41 individual solar plants, the park’s investors boast it can be seen from space. Launched in 2018 and now at 1.8 gigawatt capacity, in […] July 9, 2024
Industry Adnoc makes final bid for German chemicals maker German chemical company Covestro AG has confirmed that it has started “concrete negotiations” over a $12.5 billion offer from Abu Dhabi National Oil Company (Adnoc). Covestro said in a statement that Adnoc had offered €62 ($67) a share as a starting point for the negotiations, which are subject to the completion of due diligence. In […] June 25, 2024
Opinion Oil & Gas Adnoc’s acquisition strategy could lead to something major Abu Dhabi's oil giant is keeping watch as European supermajors shed assets February 19, 2024
Opinion Renewable Energy Green hydrogen: who will buy the ‘fuel of the future’? Middle East enthusiasm is not matched by Europe and Asia January 8, 2024
Opinion Energy The year ahead for Mena energy The region’s chasms have rarely been so wide – they must be bridged in 2024 January 1, 2024
Adipec Oil & Gas Adnoc signs deals for world’s largest sour gas development Abu Dhabi state oil producer Adnoc has awarded engineering, procurement and construction contracts worth nearly $17 billion for its Hail and Ghasha sour gas development, the biggest of 30 agreements the energy giant signed at the Adipec conference this week. Adnoc awarded an offshore package worth $8.2 billion to a joint venture between the National […] October 5, 2023
Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023
