Abu Dhabi News

Most stock markets in the Gulf ended higher on Monday, helped by rising oil prices and positive market sentiment amid growing expectations of additional Federal Reserve rate cuts.Oil prices - a catalyst for the Gulf's financial markets - rose after the U.S. intercepted an oil tanker in international waters off the coast of Venezuela and tensions in Russia's war against Ukraine remained high, both of which raised fears of supply disruptions.Saudi Arabia's benchmark index gained 0.7%…

She Sails, CMA CGM's internal program to accelerate the integration of women into maritime transport careers, is celebrating its first anniversary. The program, launched in December 2024, which aims to significantly increase the presence of women on board CMA CGM vessels, has already doubled the number of women serving on board, from 200 sailors in 2024 to 403 at the end of 2025Building on these successes, the group has now set a target of 1,000 female seafarers by 2030, while promoting the professions and opportunities offered by CMA CGM.

Fugro has completed the geotechnical site investigations at the eastern array of Dogger Bank South Wind Farm, off UK.Fugro’s five-vessel campaign gathered core samples and cone penetration tests (CPT) data up to 50 meters below the seabed.According to RWE, which is developing the project together with partner Masdar, the results of the campaign will provide vital insights for designing turbine and platform foundations.Dogger Bank South (DBS) consists of two offshore wind farms - DBS East and DBS West - with an estimated combined capacity of 3 GW.RWE leads both DBS projects…

AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD Ports Group can serve as a key partner and contractor for Masdar global offshore wind initiatives.The parties will jointly determine technical requirements for Masdar projects and identify where AD Ports Group can deploy its extensive technical and logistical capabilities…

Russia's Lukoil is selling its international assets after the U.S. imposed sanctions on the company.Washington refused to approve the sale of assets to Swiss commodity trader Gunvor, throwing Lukoil's operations in disarray and leading to a scramble of potential buyers.The U.S. Treasury cleared potential buyers to talk to Lukoil until December 13. They will need separate approval for specific deals. U.S. oil major Chevron is studying options to buy some global assets of Lukoil, sources have said. U.S.

ADNOC Logistics & Services has unveiled the UAE’s first remotely operated offshore landing craft vessel, a 60-metre unmanned platform designed to improve safety, efficiency and emissions performance across offshore operations.Developed with SeaOwl and launched during Abu Dhabi Autonomous Week 2025, the vessel uses AI-enabled systems, satellite-linked controls and remote operation from ADNOC L&S’s center in Mussafah. The design eliminates onboard crew accommodation, reducing weight…

Ocean services provider DeepOcean and Saudi Arabia-based Jana Marine Services have signed a heads of terms agreement to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East.The intended joint venture, to be named JADE Subsea Services, plans to enter into a five-year charter agreement with Jana Marine for a newbuild DP2 hybrid diving support vessel (DSV) capable of performing subsea construction, inspection…

The CEO of Austrian energy firm OMV on Tuesday urged the European Union to reconsider its sustainability legislation or risk losing Qatar as a gas supplier which would undermine prosperity in the region.Qatar's Energy Minister Saad al-Kaabi, who is also CEO of QatarEnergy said on Monday that he could halt business with the EU if it does not significantly ease its Corporate Sustainability Due Diligence Directive.Kaabi told Reuters at the ADIPEC energy conference in Abu Dhabi that Qatar has contingency plans in place should it decide to stop shipments to Europe in response to the directive - a t

A $400 million pipeline to transport natural gas from Israel to Cyprus is awaiting government approval from both countries and Israel has expressed support, the head of Eastern Mediterranean focused gas producer Energean told Reuters on Tuesday.Energean on Monday signed a letter of intent with leading Cypriot industrial and energy group Cyfield for the potential supply of natural gas from Israel to Cyfield's planned power plant via the new pipeline, said Mathios Rigas, CEO of the British firm.Gas could flow through the pipeline within 12 months of the government approvals being granted…

Executives at two of Europe's top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue.Exxon CEO Darren Woods told Reuters on the sidelines of the ADIPEC meeting in Abu Dhabi that the EU's Corporate Sustainability Due Diligence Directive would have "disastrous consequences" if adopted in its current form.The…

Kongsberg Maritime, a global provider of advanced technology solutions for the maritime industry, has been awarded a contract to upgrade the waterjet propulsion systems on 13 vessels operated by the Kuwait Coast Guard, in partnership with EDGE Group entity Abu Dhabi Ship Building (ADSB).Under the agreement, ADSB will install Kongsberg Kamewa waterjets across the fleet, replacing existing third-party systems on ten vessels and retrofitting three others. The project includes the delivery of 13 shipsets of S63-4 waterjets…

Two new aluminum high-speed Ro-Pax ferries designed by Incat Crowther for the Integrated Transport Centre (ITC), an affiliate of the Department of Municipalities and Transport in Abu Dhabi, have successfully completed sea trials and are now operating on the ~42-kilometer route between Dalma Island and Jebel Dhannah on the UAE mainland.The new 56-meter vessels, Jazirat Dalma and Al Dhannah, built by Singapore based Penguin International Limited in Batam, Indonesia, can transport up to 192 passengers and 25 vehicles at speeds of up to 39 knots.

The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies.A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday, LSEG data showed.Shortly after the U.S. announcement…

Indian Oil Corp has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil.India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine.Its main refiners paused buying Russian oil last week as discounts to other suppliers narrowed after Trump threatened hefty tariffs on imports from countries that make any such purchases, Reuters reported last week.

Britain has rejected a 25 billion pound ($34.39 billion) Moroccan renewable energy project that would have used solar and wind power from the Sahara to supply up to seven million UK homes.The British government, which is aiming to largely decarbonise its electricity sector by 2030, said on Thursday it believed domestic projects could offer better economic benefits."The government has concluded that it is not in the UK national interest at this time to continue further consideration of support for the Morocco-UK Power Project," energy department minister Michael Shanks said in a written stateme

A Yemeni Houthi official said on Sunday that the Iran-aligned group's response to the U.S. attack on Iran was "only a matter of time."Mohammed al-Bukhaiti, a member of the Houthi movement's political bureau, told Al Jazeera Mubasher TV that its ceasefire deal with Washington was before the "war" on Iran.The group has been launching attacks on shipping lanes and Israel in what it says is in solidarity with Palestinians in Gaza during the Israeli war. It agreed on a ceasefire deal with the United States in May to stop attacking U.S.

When coast guard officers boarded junior seafarer Omkar Pawar’s ship off Trinidad and Tobago in 2020, one of them pointed a gun at his face.“They searched the ship. After two days, they found 450 kilograms of cocaine in the tank,” said Pawar.Pawar and the rest of the crew were jailed and interrogated in a Trinidadian detention center for 15 days. The ship’s captain and second officer were later prosecuted.Pawar, who was 20 at the time, had no knowledge of the smuggling operation and was never charged.

XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC), is aiming to have a gas and LNG business with a capacity of between 20 million and 25 million metric tons a year by 2035, the company said in a statement on Tuesday.XRG was set up last year as an investment company focused on lower-carbon energy, gas and chemicals, with assets of more than $80 billion.On Tuesday, its board, whose members include former BP BP.L CEO Bernard Looney and Blackstone's Jon Gray, approved the capacity target and a new five-year business plan.

Emirates Global Aluminium's (EGA) subsidiary in Guinea has accumulated a stockpile of nearly two million metric tonnes of bauxite since the suspension of its operations last year, three sources familiar with the matter told Reuters on Tuesday.EGA, equally owned by Abu Dhabi sovereign wealth fund Mubadala, and Dubai sovereign wealth fund the Investment Corporation of Dubai, operates one of the largest bauxite mines in Guinea through its Guinea Alumina Corporation (GAC) subsidiary.The standoff with Guinea's government highlights the aggressive push by the military authorities to increase benefit

AD Ports Group, a global enabler of trade, transport, industry, and logistics, recently hosted its first ship-to-ship (STS) liquified natural gas (LNG) bunkering operation at its flagship deep-water Khalifa Port.The STS bunkering was part of a simultaneous operation, in which the container vessel MSC Thais, berthed at Abu Dhabi Terminals, received LNG fuel from the dedicated LNG bunker vessel Green Zeebrugge, supplied by marine fuels provider Monjasa. The operation demonstrated the concurrent transfer of LNG and cargo…

EDGE, a global technology and defense group, and CMN NAVAL, a naval shipbuilding group specializing in the design, engineering, and construction of naval and commercial vessels and mega yachts, agreed to create a new Abu Dhabi-based shipbuilding joint venture (JV) named AD NAVAL (ADN). Leveraging an existing order pipeline worth approximately EUR 7 billion, the JV will bring together both companies under an exclusivity agreement on the segment of high value small to mid-size naval vessels including Corvettes…

Abu Dhabi-based AD Ports Group has inaugurated a new, custom-bound inland dry port facility, enhancing the connectivity of Khalifa Port.Al Faya Dry Port, strategically located between Abu Dhabi and Dubai, will act as an Inland Container Depot (ICD) linked overland to Khalifa Port, offering a transit terminal for trucks and thus improving speed to market and more cost-efficient cargo handling operations for Dubai and the Northern Emirates.Al Faya Dry Port will serve CMA CGM as…

Maestral, an Abu Dhabi-based shipbuilding joint venture between Fincantieri and EDGE, has lined up a major ‘In-Service Support Strategic Partnership Project’ for the entire navy fleet of the United Arab Emirates (UAE), worth over $520 million.The contract to Maestral will be awarded by Tawazun Council, an independent government entity that works closely with the Ministry of Defence and security agencies in the Gulf country.The value of the agreement is of approximately $524 million over a five-years period.Maestral will serve as the industrial strategic partner…