Abu Dhabi bank first out of the blocks to target emissions
FAB is aiming to reduce scope one to three emissions in the oil and gas sector by 7 to 15% by 2030, from a 2021 baseline.
FAB is aiming to reduce scope one to three emissions in the oil and gas sector by 7 to 15% by 2030, from a 2021 baseline.
Eni said the companies may work together in renewable energy, blue and green hydrogen, carbon capture and storage (CCS), tackling methane emissions and other areas.
The offer runs until March 1. It covers around 4% of the shares in the company. It will raise $1.9 to 2 billion. The price values Adnoc Gas at $47 to 50.8bn.
Adnoc has struck a deal with 44.01 to bring technology to Fujairah to transform CO2 into rock.
The company aims to capture 5 million tonnes per year of CO2 by 2030, it has said. Adnocโs Al Reyadah facility captures 800,000 tpy currently. The next major investment will come at the Habshan gas processing facility, using local geology.
Adnoc has the goal of being the worldโs lowest-cost oil producer of choice. Unlike some of its IOC competitors, struggling to come to terms with the demands of meeting todayโs energy needs and tomorrowโs transition, it is willing to put the money in.
The Middle Eastโs investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
QatarEnergy (QE) has chosen Shell as its second partner on the North Field South (NFS) expansion project.
TotalEnergies has signed up to take a 9.375% stake in Qatarโs next phase of LNG expansion, North Field South (NFS).
QatarEnergy (QE) has launched plans for a world-scale blue ammonia project, with capacity of 1.2 million tonnes per year.
Technip Energies and Abu Dhabiโs National Petroleum Construction Co. (NPCC) have agreed to establish a joint company, aiming to focus on the energy transition.
Adnoc and TotalEnergies have signed a deal to work together, while France and the United Arab Emirates have also made high-level commitments.
TotalEnergies has won a 25% stake in the North Field East (NFE) LNG project, from QatarEnergy (QE).
QatarEnergy (QE) is doubling down on its carbon capture and solar plans, with the aim of producing cleaner LNG.
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Technip Energies has won work to update the front-end engineering design (FEED) on the Ghasha mega project. Meanwhile, TechnipFMC has won a contract worth more than $1 billion from Adnoc.
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Borouge has signed engineering, procurement and construction (EPC) contracts for its new plant, which it is working on with Adnoc.
Abu Dhabi-based Masdar and Malaysiaโs Petronas will work together to pursue renewable energy and green hydrogen projects across Asia and the Middle East.
Occidental Petroleum has made another discovery in Abu Dhabiโs Block 3, the company revealed during a quarterly results conference call.
Qatar Petroleum (QP) has taken the final investment decision (FID) for the worldโs largest LNG plant, which will increase the countryโs production to 110 million tonnes per year.
The day before US President Joe Biden was inaugurated in Washington DC, Adnocโs CEO was speaking in support of the ties that bind the two.
Qatar Petroleum (QP) has launched a new sustainability strategy, aiming to reduce the emissions intensity of its LNG facilities by 25%.
Total and Adnoc have signed a strategic framework agreement on CO2 reductions and carbon capture, utilisation and storage (CCUS).
Adnoc is considering how best to meet the worldโs changing energy needs, although oil and gas will โremain at the heartโ of the companyโs business model, said Sultan Al Jaber.