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A Make It In The Emirates promotion at Adipec, where Adnoc announced its $17bn sour gas plan. It has also committed to billions of dollars of local procurement by 2027 under the scheme

Adnoc signs deals for world’s largest sour gas development

Abu Dhabi state oil producer Adnoc has awarded engineering, procurement and construction contracts worth nearly $17 billion for its Hail and Ghasha sour gas development, the biggest of 30 agreements the energy giant signed at the Adipec conference this week. Adnoc awarded an offshore package worth $8.2 billion to a joint venture between the National […]

The UAE’s Sheikh Mohamed Bin Zayed Al Nahyan greets Narendra Modi, India’s prime minister, during a visit to New Delhi. Their two governments signed a trade deal last year

India and UAE to discuss investment challenges

Government officials from India and the UAE will hold discussions this week to address challenges impacting bilateral investments and review the trade agreement signed between the two countries last year. India’s commerce and industry minister Piyush Goyal will commence a two-day visit to the UAE on Thursday and co-chair the 11th India-UAE high-level task force […]

Cop28 finance invitees

Finance invitees dominate Cop28 thematic programme

The finance sector dominates a list of those invited to attend the thematic programme of Cop28 in Dubai later this year, AGBI can reveal. The presidency of the UN Climate Change Conference has unveiled a two-week agenda of topics to deliver on a four-pillar climate action plan. It will run alongside the negotiations process and […]

TotalEnergies CEO Patrick Pouyanne

LNG is a ‘perfect business’ says TotalEnergies CEO

TotalEnergies is pressing ahead with a strategy focusing on gas and integrated operations, even if its CEO foresees a possible glut in expensive liquefied natural gas terminals towards the end of the decade. The French company has been in the LNG business for 40 years and has become the second biggest operator in the sector […]

Vicki Hollub, president of Occidental, speaking at Adipec 2023

Adnoc and Occidental look into UAE direct air capture

Adnoc and US petroleum giant Occidental are investigating the feasibility of building a direct air capture facility in the UAE. It would be the first such site outside the US, the companies said.  The preliminary engineering study is the latest project under an agreement signed by the companies earlier this year to explore carbon capture, […]

Opec's Haitham Al Ghais told Adipec that the oil industry needs $600bn of investment a year

Lack of oil investment ‘threatens energy security’

The lack of investment in oil and gas is a threat to global energy security, ministers and industry leaders have told the Adipec conference in Abu Dhabi.  “At Opec, we see investments required from now to 2045 for the oil industry alone of around $14 trillion. That’s around $600 billion per year,” Opec secretary general […]

US company CarbonCapture builds direct air capture machines that remove carbon dioxide from the atmosphere

Adnoc issues $615m contract for carbon capture project

Adnoc Gas, a subsidiary of oil major Adnoc, has awarded a $615 million (AED2.26 billion) engineering, procurement and construction contract to Petrofac Emirates, a unit of the UK-headquartered oil services firm. The contract, for Middle East and North Africa’s largest integrated carbon capture project, includes constructing carbon capture units, pipeline infrastructure and a network of […]

Adnoc carbon capture

Adnoc doubles carbon capture target to 10m tonnes

Adnoc, the UAE’s biggest oil producer, plans to capture 10 million tonnes of carbon dioxide emissions annually by 2030, up from a previous target of 5 million tonnes. The announcement was made on Sunday, ahead of Adnoc hosting its main annual oil conference, Adipec, this week as the country prepares to host the UN Cop28 […]

Bahrain's Bapco signed the Cop28 oil and gas decarbonisation charter, aiming to achieve net-zero operations by 2050 and end routine flaring by 2030

Al Jaber tells energy industry to defy climate sceptics

Cop28 president designate Sultan Al Jaber has called on the oil and gas industry to “silence the sceptics” and play a pivotal role in the race towards net zero and the fight against climate change. Al Jaber is also minister of industry and advanced technology of the UAE and managing director and group CEO of […]

Mena youth climate anxiety

Climate anxiety rises among Mena youth

More than two-thirds of 18-to-24-year-olds in the Middle East and North Africa (Mena) say they are “very concerned” about the potential impacts of climate change. More than half are ready to boycott brands that damage the environment, a survey shows.  Previously unreleased findings from the 15th annual Asda’a BCW Arab Youth Survey, published earlier this […]