Al Jaber denies using COP28 Presidency to make oil and gas deals
The head of global climate change talks starting in Dubai this week has strongly denied using his position to advance the United Arab Emirates’ commercial interests.
Sultan Al Jaber
The case for COP28 and developing nations’ needs
It is time developing countries take a page from the Willie Sutton play book and look to the oil industry for funding their energy transition – that’s where the money is.
UAE uses COP28 to push Adnoc, Masdar agenda
The briefing pack on the various countries often reiterated one point. “There is no conflict between sustainable development of any country’s natural resources and its commitment to climate change.”
Protests strike Energy Intelligence ahead of forum
The Oily money out campaign has said it does not expect those protesting to be arrested, but cannot rule it out.
Al Jaber opens Adipec with call to deliver
“This is the year to show the world you are central to the solution. This industry can change the global debate and can change the global outcome,” Al Jaber said.
UAE to stump up $4.5bn for clean power in Africa
Masdar will stump up $2bn of equity, with another $8bn in project financing and through its Infinity Power venture. The Abu Dhabi-based company intends to reach 10 GW of clean energy in Africa by 2030.
Adnoc without oil – company considered rebrand ahead of COP28
“We are increasingly aware of the reputational challenges posed by our brand name and positioning,” the centre reported Adnoc as saying.
Masdar to develop 5 GW in three African states
The plan involves developing 2 GW of renewable energy in Angola, 1 GW in Uganda and 2 GW in Zambia. The agreement with Zambia set out plans to work on wind, solar and hydropower.
Adnoc buys a quarter stake in OMV
Adnoc has struck a deal to buy a 24.9% stake in Austria’s OMV, for an undisclosed price, from Mubadala Investment.
Adnoc boosts capacity growth plans, sets out new unit IPO
Adnoc has brought forwards its plans to reach 5 million barrels per day of production, while boosting reserves and setting out plans for an IPO of a new gas unit.
Masdar signs on to mega wind project in Egypt
In a major COP27 move, Masdar has signed up to develop a 10 GW onshore wind project in Egypt, said to be one of the largest such plans in the world.
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.
Maximise production, minimise emissions, argues Adnoc chief
Adnoc CEO Sultan Al Jaber has called for the world to produce from all the energy sources it can, while minimising emissions.
Adnoc stacks up hydrogen deals with Japan
Adnoc has strengthened its low-carbon ties with Japan, signing deals on blue hydrogen and ammonia, during a three-day visit.
Masdar cements UAE hydrogen position in Egypt
Masdar has signed up to develop green hydrogen in the Suez Canal economic zone. This follows a number of similar agreements from United Arab Emirates-based companies with Egypt.
Eni makes gas find offshore Abu Dhabi
Eni has discovered gas at its first exploration well drilled offshore Abu Dhabi, in the offshore Block 2.
Switching off oil and gas too fast will hurt, not help, the energy transition
In climate circles, ‘energy transition’ is the phrase on everyone’s lips. The global effort to shift energy generation away from polluting fossil fuels to clean, green renewables is as massive a challenge as anything the world has faced.
TA’ZIZ signs up local investors in first public-private move
Abu Dhabi’s TA’ZIZ has signed up local private sector investors to back a portfolio of chemicals projects
Adnoc, TAQA move on Masdar’s energy, hydrogen units
Adnoc and TAQA have set out a plan to take a leading stake in Masdar’s renewable energy and hydrogen businesses.
Rewiring the energy system
“If we are to successfully transition to the energy system of tomorrow, we cannot simply unplug from the energy system of today,” Adnoc CEO Dr Sultan Al Jaber warned the ADIPEC conference in Abu Dhabi this month.
Helmerich & Payne lines up for Adnoc Drilling stake
Helmerich & Payne (H&P) will buy into Adnoc Drilling’s upcoming IPO, with the Abu Dhabi company buying eight land rigs from the US company.
Pakistani group wins Abu Dhabi block
A Pakistani group of companies has won Offshore Block 5, offshore Abu Dhabi, under its second bid round.
Oil and dollars: why the UAE is risking a falling-out with OPEC+
The OPEC+ oil cartel is facing its biggest crisis since a price war at the start of the coronavirus pandemic.
Murban Futures take flight
Intercontinental Exchange (ICE) has begun trading Murban Futures, the fruition of the plan launched in November 2019.
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.