"This project is a significant scale-up for our technology and the integration of seawater can play a key role in helping us deploy our technology sustainably around the world,” said 44.01 founder and CEO Talal Hasan.
Adnoc and Santos signed a strategic collaboration agreement, raising the possibility of the two working together on a “joint global carbon management platform”. It would focus on the needs of customers in the Asia-Pacific.
“Decarbonising production here is critical for those key demand centres of India and China,” KBR’s Blackburn said. The Middle East, given the region’s productive capacity, will be “the ones that lead the way, for sure”.
“Direct air capture shouldn’t be compared to point source carbon capture, what it should be compared to is [SAF],” the CEO said. SAF has more emissions than Oxy’s net zero oil, she continued.
ADNOC Gas has awarded Petrofac a contract for engineering and construction of one of the region’s largest carbon capture, utilisation and storage (CCUS) schemes.
“This joint investment in the proposed first megatonne [DAC] facility in the region exemplifies Adnoc’s commitment to leverage partnerships and promising technology to accelerate our decarbonisation journey on the way to net zero by 2045.”
The United Arab Emirates’ biggest oil producer is doubling its carbon-capture target as the company works toward a net-zero goal and looks to burnish its green credentials before the UN’s main climate summit.
The CCS plant will be able to capture 4.3 million tonnes per year of CO2. It will capture emissions from seven trains at Qatargas North and three trains at Qatargas South.
“This landmark project, is one of many tangible initiatives that Adnoc is delivering as we accelerate our decarbonisation plan to meet our Net Zero by 2045 ambition.”
The company already operates the Al Reyadah carbon capture and storage (CCS) facility, which has 800,000 tpy of capacity.
Masdar CEO Mohamed Jameel Al Ramahi said the agreement “opens an exciting new chapter for Masdar as we explore how to unlock the full potential of green hydrogen to produce fuel for homes and businesses”.
“Last year, developing economies received only 20% of clean tech investments. These economies represent 70% of the world's population – that's over 5 billion people,” Sultan Al Jaber said.
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. 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 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.
The Middle East’s 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 Qatar’s 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 Dhabi’s 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).