Dubai based Roxtec Middle East reports clean power driving best year of trading
The project required Roxtec to design bespoke cable sealing solutions to manage the HVDC switching from AC to DC power between sea and land. The Roxtec seals are designed to provide water ingress and electromagnetic interference protection for four subsea cable seals carrying power of up to 400 kilovolt (Kv) stretching over 100km on the seabed. The project which connects low-carbon power from the mainland grid to ADNOC's production operations will reduce the carbon footprint of the offshore facilities by up to 30 percent.
Roxtec power and processing manager Ihab Zourob said the company will be showcasing its wide range of cable sealing products at the forthcoming Energy Middle East trade show at Dubai World Trade Center April 7-9.
Mr Zourob said Roxtec is seeing increasing demand for its seals in the clean energy sector in the MENA region including for batteries, solar, green hydrogen, nuclear, windfarms, HVDC projects as well as traditional oil and gas facilities. He pointed to the UAE leading the world in its Energy Strategy 2050 which aims to achieve net-zero emissions by 2050. This includes tripling renewable energy capacity and increasing the share of clean energy in the total energy mix to 30% by 2030, and 50% by 2050. Roxtec is again helping with this decarbonization drive working with ADNOC on its first carbon capture project at the Habshan gas plant. Here Roxtec's multidiameter technology is being used as the cable sealing solution protecting the facility from a range of hazards.
'The last year has been very strong for Roxtec in the power industry,' he said. 'The changing nature of energy demand in the UAE and the country's drive to net zero means more complex sealing solutions are required. Roxtec's cable seals protect buildings, people and infrastructure from a wide variety of hazards including explosions, fire, electromagnetic interference and flooding. With new sources of clean power emerging in the MENA region the cable sealing has to be extremely robust to manage different types of hazards to maintain the power supply.'
Mr Zourob said the Swedish owned Roxtec Group's experience of working on power projects all over the world enables it to bring ready solutions to nuclear, windfarm, solar and subsea projects to the MENA region.
'As the Gulf region evolves its power sources engineering companies and power companies want cable sealing projects which are proven to work,' he said. 'We have extensive experience of providing seals to wind turbines and substations on every windfarm in Europe for example. We have also worked on nuclear power plants and subsea cables around the world. This enables us to design bespoke solutions for very big projects here in the Persian Gulf.'
Mr Zourob confirmed Roxtec has appointed new Sales Managers in Basra, Iraq and Tunisia to cover North Africa countries in the last 12 months to drive growth and support customers on the ground.
Contact Roxtec Middle East FZE visit: https://www.roxtec.com/ae/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
a day ago
- Zawya
ADNOC listed companies harness AI to accelerate growth, deliver long-term value
ABU DHABI: ADNOC Group's six publicly listed companies have accelerated the integration of advanced Artificial Intelligence (AI) technologies across their operations, driving growth and boosting operational efficiency. The strategic focus in embedding AI was matched by strong financial performance, with the companies posting a combined net profit of $4.7 billion (AED 17.3 billion) for the first half of 2025, underscoring the strength of ADNOC's diversified portfolio and focus on value creation. At the core of this transformation is MEERAi, ADNOC's proprietary AI tool, which empowers boardrooms with real-time, data-driven insights for sharper, faster decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is streamlining operations, reducing emissions, and elevating customer experience. These AI-driven initiatives reinforce ADNOC's position as a progressive global energy company committed to harnessing the power of AI. ADNOC Gas achieved a record net income of $1.385 billion (AED5.1 billion) for Q2 2025, up 16% year-on-year, with EBITDA rising 8% to $2.256 billion (AED8.3 billion), driven by strong local demand and operational efficiency. The Board approved an interim dividend of $1.792 billion (AED6.6 billion), up 5%, which is payable in September. Capital expenditure increased 49% year-on-year, with significant progress on strategic projects, including taking a Financial Investment Decision on Phase 1 of the $5 billion Rich Gas Development (RGD) project. Following its MSCI inclusion in June, ADNOC Gas is set to join the FTSE Index in September, with anticipated inflows with market estimates of added inflows of over $200 million (AED734 million). ADNOC Distribution delivered strong Q2 results ahead of market expectations, contributing to a double-digit earnings growth in H1. EBITDA reached $566 million (AED2.08 billion), up 10% year-on-year, while net profit rose 12.2% to $358 million (AED1.32 billion) driven by record H1 fuel volumes and 15% gross profit increase in its non-fuel retail segment. The company added 47 new service stations in H1, raising its full-year target to 60–70, with the majority planned in Saudi Arabia. ADNOC Distribution also expanded its international footprint with the launch of its Voyager lubricant line in Egypt, now exported to over 47 countries. AI-enabled enhancements in fuel forecasting, product assortment and personalized services continue to advance its digital transformation. The Company expects to distribute 10.285 fils per share dividend for H1 2025 in October 2025. ADNOC Drilling reported record first-half 2025 results, with revenue increasing 30% year-on-year to $2.37 billion (AED8.71 billion). EBITDA rose 19% year-on-year to $1.08 billion (AED3.97 billion), and net profit grew 21% year-on-year to $692 million (AED2.54 billion). The company announced new contract awards worth $4.8 billion (AED17.63 billion) in the period, securing long-term earnings visibility to 2040 and beyond. ADNOC Drilling's Board of Directors approved a second quarterly dividend of $217 million for 2025, reaffirming its commitment to delivering progressive and reliable shareholder returns. Full-year 2025 guidance was upgraded, with revenue now expected between $4.65 – 4.80 billion and net profit between $1.375 – 1.45 billion. ADNOC Logistics & Services reported record Q2 2025 results, with revenue rising 40 % year-on-year to $1.26 billion (AED 4.62 billion) and EBITDA increasing 31% to $400 million (AED 1.47 billion), driven by strong performance across its Integrated Logistics, Shipping and Marine Services segments. The results underscore the strength of ADNOC L&S's diversified business model, which continues to deliver value amid global market volatility. Reflecting confidence in its long-term growth trajectory and strategic expansion, the company raised its 2025 revenue, EBITDA and net income guidance. ADNOC L&S expects its 2025 annual dividend to grow by 5 % to $287 million, in line with its progressive dividend policy. Fertiglobe delivered strong Q2 and H1 results, with revenues up 14% and 20% year-on-year, and adjusted EBITDA up 26% and 36%, respectively. Adjusted net profit for H1 down 18% however it would have been +3.5x times, excluding one-off FX gains in 2024. Demonstrating its commitment to shareholder value, Fertiglobe proposed at least $100 million in H1 dividends, and executed $31 million in share buybacks in Q2 only, with total shareholder return totaling $131 or 6% on an annualized basis. Fertiglobe remains committed to its Grow 2030 Strategy, investing in low-carbon ammonia and expanding downstream capabilities, including the proposed acquisition of Wengfu Australia's distribution assets. Borouge posted Q2 net profit of $193 million, supported by strong margins and the early completion of its largest-ever plant turnaround. Adjusted EBITDA reached $440 million, with H1 EBITDA totaling $1.0 billion, reflecting operational resilience despite softer market conditions. The company has reaffirmed its intention to increase its dividend to 16.2 fils per share for 2025, with an interim dividend of 8.1 fils per share to be paid in September, subject to shareholder approval at the upcoming General Assembly on 29th August. The increased dividend is expected to serve as the intended minimum share payout until at least 2030 under Borouge Group International, subject to relevant approvals. Transactions for the proposed new entity are on track to close in Q1 2026, with regulatory filings and integration planning underway. Borouge continued advancing its innovation agenda, delivering $307 million in value through its AI, Digitalisation and Technology programme, including the launch of an AI-powered control room with Honeywell and the integration of ADNOC's MEERAi. Product innovation highlights included new medical-grade polyolefins and recyclable packaging solutions.
Arabian Business
a day ago
- Arabian Business
ADNOC Group posts $4.7bn H1 2025 profit as AI boosts operations across six listed companies
ADNOC Group's six publicly listed companies delivered a combined H1 2025 net profit of AED17.3bn ($4.7bn), supported by a sweeping integration of advanced Artificial Intelligence (AI) technologies across their operations. At the centre of this transformation is MEERAi, ADNOC's proprietary AI platform, which provides real-time, data-driven insights to improve decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is optimising processes, reducing emissions, and enhancing customer experiences. ADNOC Gas Q2 2025 net income: AED5.1bn ($1.385bn), up 16 per cent YoY EBITDA: AED8.3bn ($2.256bn), up 8 per cent Interim dividend: AED6.6bn ($1.792bn), up 5 per cent, payable in September Capital expenditure rose 49 per cent with progress on the $5bn (AED18.36bn) Rich Gas Development Phase 1 Set to join FTSE Index in September following MSCI inclusion ADNOC Distribution EBITDA: AED2.08bn ($566m), up 10 per cent YoY Net profit: AED1.32bn ($358m), up 12.2 per cent YoY Added 47 new service stations in H1; raising full-year target to 60–70 Expanded Voyager lubricant exports to over 47 countries H1 2025 dividend: 10.285 fils per share, payable October ADNOC Drilling Revenue: AED8.71bn ($2.37bn), up 30 per cent YoY EBITDA: AED3.97bn ($1.08bn), up 19 per cent YoY Net profit: AED2.54bn ($692m), up 21 per cent YoY New contract awards worth AED17.63bn ($4.8bn) Upgraded full-year guidance: revenue $4.65–4.80bn, net profit $1.375–1.45bn ADNOC Logistics & Services Fertiglobe Revenue: up 14 per cent in Q2 and 20 per cent in H1 YoY Adjusted EBITDA: up 26 per cent in Q2 and 36 per cent in H1 At least $100m (AED367m) in H1 dividends proposed $31m (AED113.7m) share buybacks in Q2; total shareholder return $131m (AED480.5m) Investing in low-carbon ammonia and expanding downstream capabilities Borouge Q2 net profit: $193m (AED709m) Adjusted EBITDA: $440m (AED1.616bn) in Q2; $1bn (AED3.673bn) in H1 Plans to increase 2025 dividend to 16.2 fils per share; interim 8.1 fils in September Delivered $307m (AED1.13bn) in value through AI, digitalisation and technology programmes The strong half-year performance across all six listed companies reinforces ADNOC's strategy to combine technological innovation with disciplined growth, positioning it as a progressive global energy leader committed to long-term value creation.
Al Etihad
a day ago
- Al Etihad
ADNOC listed companies harness AI to accelerate growth, deliver long-term value
14 Aug 2025 19:45 ABU DHABI (WAM) ADNOC Group's six publicly listed companies have accelerated the integration of advanced Artificial Intelligence (AI) technologies across their operations, driving growth and boosting operational strategic focus in embedding AI was matched by strong financial performance, with the companies posting a combined net profit of $4.7 billion (Dh17.3 billion) for the first half of 2025, underscoring the strength of ADNOC's diversified portfolio and focus on value the core of this transformation is MEERAi, ADNOC's proprietary AI tool, which empowers boardrooms with real-time, data-driven insights for sharper, faster decision-making. Across ADNOC Gas, ADNOC Distribution, ADNOC Drilling, ADNOC Logistics & Services, Fertiglobe, and Borouge, AI is streamlining operations, reducing emissions, and elevating customer AI-driven initiatives reinforce ADNOC's position as a progressive global energy company committed to harnessing the power of Gas achieved a record net income of $1.385 billion (Dh5.1 billion) for Q2 2025, up 16% year-on-year, with EBITDA rising 8% to $2.256 billion (Dh8.3 billion), driven by strong local demand and operational Board approved an interim dividend of $1.792 billion (Dh6.6 billion), up 5%, which is payable in expenditure increased 49% year-on-year, with significant progress on strategic projects, including taking a Financial Investment Decision on Phase 1 of the $5 billion Rich Gas Development (RGD) its MSCI inclusion in June, ADNOC Gas is set to join the FTSE Index in September, with anticipated inflows with market estimates of added inflows of over $200 million (Dh734 million).ADNOC Distribution delivered strong Q2 results ahead of market expectations, contributing to a double-digit earnings growth in reached $566 million (Dh2.08 billion), up 10% year-on-year, while net profit rose 12.2% to $358 million (Dh1.32 billion) driven by record H1 fuel volumes and 15% gross profit increase in its non-fuel retail company added 47 new service stations in H1, raising its full-year target to 60–70, with the majority planned in Saudi Distribution also expanded its international footprint with the launch of its Voyager lubricant line in Egypt, now exported to over 47 countries. AI-enabled enhancements in fuel forecasting, product assortment and personalised services continue to advance its digital transformation. The Company expects to distribute 10.285 fils per share dividend for H1 2025 in October Drilling reported record first-half 2025 results, with revenue increasing 30% year-on-year to $2.37 billion (Dh8.71 billion). EBITDA rose 19% year-on-year to $1.08 billion (Dh3.97 billion), and net profit grew 21% year-on-year to $692 million (Dh2.54 billion).The company announced new contract awards worth $4.8 billion (Dh17.63 billion) in the period, securing long-term earnings visibility to 2040 and Drilling's Board of Directors approved a second quarterly dividend of $217 million for 2025, reaffirming its commitment to delivering progressive and reliable shareholder 2025 guidance was upgraded, with revenue now expected between $4.65 – 4.80 billion and net profit between $1.375 – 1.45 Logistics & Services reported record Q2 2025 results, with revenue rising 40 % year-on-year to $1.26 billion (Dh4.62 billion) and EBITDA increasing 31% to $400 million (Dh1.47 billion), driven by strong performance across its Integrated Logistics, Shipping and Marine Services segments. The results underscore the strength of ADNOC L&S's diversified business model, which continues to deliver value amid global market confidence in its long-term growth trajectory and strategic expansion, the company raised its 2025 revenue, EBITDA and net income guidance. ADNOC L&S expects its 2025 annual dividend to grow by 5 % to $287 million, in line with its progressive dividend delivered strong Q2 and H1 results, with revenues up 14% and 20% year-on-year, and adjusted EBITDA up 26% and 36%, respectively. Adjusted net profit for H1 is down 18% however, it would have been +3.5x times, excluding one-off FX gains in its commitment to shareholder value, Fertiglobe proposed at least $100 million in H1 dividends, and executed $31 million in share buybacks in Q2 only, with total shareholder return totalling $131 or 6% on an annualised remains committed to its Grow 2030 Strategy, investing in low-carbon ammonia and expanding downstream capabilities, including the proposed acquisition of Wengfu Australia's distribution posted Q2 net profit of $193 million, supported by strong margins and the early completion of its largest-ever plant turnaround. Adjusted EBITDA reached $440 million, with H1 EBITDA totaling $1.0 billion, reflecting operational resilience despite softer market company has reaffirmed its intention to increase its dividend to 16.2 fils per share for 2025, with an interim dividend of 8.1 fils per share to be paid in September, subject to shareholder approval at the upcoming General Assembly on 29th August. The increased dividend is expected to serve as the intended minimum share payout until at least 2030 under Borouge Group International, subject to relevant for the proposed new entity are on track to close in Q1 2026, with regulatory filings and integration planning continued advancing its innovation agenda, delivering $307 million in value through its AI, Digitalisation and Technology programme, including the launch of an AI-powered control room with Honeywell and the integration of ADNOC's innovation highlights included new medical-grade polyolefins and recyclable packaging solutions.
