BP, Adnoc and Masdar have teamed up to invest “billions of dollars” in clean and low carbon energy.
The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries (OPEC) to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won't require it to sell less oil.
Petronas, which has yet to make a firm carbon-neutral pledge, sees significant growth ahead for solar and wind, particularly as a hedge against volatile fossil fuel prices, Jay Mariyappan, head of the state-backed Malaysian company’s new energy business told the APAC power and renewables summit.
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.
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.
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.
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
When Shell pulled out of London Array offshore wind project in 2008, it probably didn’t realise it would mean more than 10 years in the UK offshore wind wilderness.
Norwegian energy giant Equinor has announced it will share data from its Hywind floating wind farm with the UK renewable energy sector.
Saudi Arabia, the world’s biggest oil exporter, is poised to start generating wind power within three years as part of an effort to harness renewable energy to cut local demand for fossil fuels.
Energy firms including Shell and Equinor have joined a new group to push for further deployment of floating offshore wind technology in the UK.
Norwegian energy giant Equinor has announced a £1.4 billion refinancing opportunity on the Dudgeon Windfarm project.
The £1.2billion Dudgeon windfarm has been officially opened off the UK coast by a partnership led by operator Equinor.
Peterhead was the site of a world first yesterday as the Hywind floating wind farm was hooked up to a battery storage system capable of receiving grid connection.