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.
Middle East
Eni, Adnoc agree to clean energy co-operation
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.
Adnoc Gas opens book to public, aims to raise $2 billion
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 strikes carbon-to-rock deal with 44.01
Adnoc has struck a deal with 44.01 to bring technology to Fujairah to transform CO2 into rock.
Adnoc to invest $15bn in low carbon drive
The company aims to capture 5 million tonnes per year of CO2 by 2030, it has said. Adnoc’s Al Reyadah facility captures 800,000 tpy currently. The next major investment will come at the Habshan gas processing facility, using local geology.
Adnoc stakes its claim to meet the world’s energy needs
Adnoc has the goal of being the world’s lowest-cost oil producer of choice. Unlike some of its IOC competitors, struggling to come to terms with the demands of meeting today’s energy needs and tomorrow’s transition, it is willing to put the money in.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
QE picks Shell as second partner at NFS
QatarEnergy (QE) has chosen Shell as its second partner on the North Field South (NFS) expansion project.
Total takes stake in next Qatari LNG expansion
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
QE launches world’s biggest blue ammonia plan
QatarEnergy (QE) has launched plans for a world-scale blue ammonia project, with capacity of 1.2 million tonnes per year.
Technip Energies, NPCC launch MENA-focused energy transition unit
Technip Energies and Abu Dhabi’s National Petroleum Construction Co. (NPCC) have agreed to establish a joint company, aiming to focus on the energy transition.
Adnoc, TotalEnergies to deepen co-operation, with state backing
Adnoc and TotalEnergies have signed a deal to work together, while France and the United Arab Emirates have also made high-level commitments.
TotalEnergies first winner in Qatar LNG competition
TotalEnergies has won a 25% stake in the North Field East (NFE) LNG project, from QatarEnergy (QE).
QE ups CCS, solar plan in move to cut carbon intensity
QatarEnergy (QE) is doubling down on its carbon capture and solar plans, with the aim of producing cleaner LNG.
Delek rebrands as NewMed, eyes Morocco growth
Delek Drilling is relaunching as NewMed Energy as the company expands into new areas, such as blue hydrogen and renewable power.
Technip Energies, TechnipFMC take Adnoc work
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.
Macron oversees slew of French deals on visit to Middle East
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Tecnimont, Technip win big at Borouge expansion
Borouge has signed engineering, procurement and construction (EPC) contracts for its new plant, which it is working on with Adnoc.
UAE’s Masdar hooks up with Malaysia’s Petronas for Asia renewables
Abu Dhabi-based Masdar and Malaysia’s Petronas will work together to pursue renewable energy and green hydrogen projects across Asia and the Middle East.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
QP takes LNG FID, hands win to Technip, Chiyoda
Qatar Petroleum (QP) has taken the final investment decision (FID) for the world’s largest LNG plant, which will increase the country’s production to 110 million tonnes per year.
UAE eager to build bridges to Biden admin
The day before US President Joe Biden was inaugurated in Washington DC, Adnoc’s CEO was speaking in support of the ties that bind the two.
QP launches carbon cut strategy
Qatar Petroleum (QP) has launched a new sustainability strategy, aiming to reduce the emissions intensity of its LNG facilities by 25%.
Adnoc, Total strike CCUS agreement
Total and Adnoc have signed a strategic framework agreement on CO2 reductions and carbon capture, utilisation and storage (CCUS).
Costs, carbon at heart of Adnoc drive
Adnoc is considering how best to meet the world’s changing energy needs, although oil and gas will “remain at the heart” of the company’s business model, said Sultan Al Jaber.