Company Insights Adnoc Oil & Gas Adnoc News Sustainability Adnoc calls on Earthshot Prize winner for decarbonisation pilot Abu Dhabi National Oil Company (Adnoc) announced on Tuesday a partnership to pilot technology that permanently mineralises carbon dioxide within rock formations found in the emirate of Fujairah. Adnoc is partnering with the Fujairah Natural Resources Corporation, Abu Dhabi Future Energy Company (Masdar) and Oman-based 44.01. The project, announced at the Abu Dhabi Sustainability Week, […] January 17, 2023 Banking & Finance BlackRock’s Larry Fink welcomes rise in Gulf clients BlackRock is attracting more investors from the Middle East, the CEO of the world’s largest asset manager told analysts this month. The US-based firm established a wholly-owned Saudi subsidiary in 2018, opened an office in Riyadh in 2019 and in February 2022 received approval from the market regulator to start managing investments and operating funds […] January 16, 2023 Cop28 Cop28 chief sets out UAE’s vision for climate finance The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […] January 16, 2023 Aviation Emirates resumes Tokyo flights as UAE and Japan deepen ties Emirates said on Thursday it will resume flights to Tokyo-Haneda airport from April 2, after a three-year hiatus due to the coronavirus pandemic. Dubai’s flag carrier said the service will be operated by one of its Boeing 777 Game Changer aircraft, with the outbound flight EK312 departing Dubai at 07.50 and arriving in Haneda at […] January 12, 2023 Sustainability Adnoc chief Sultan Al Jaber named president of Cop28 Sultan Al Jaber, head of state oil giant Abu Dhabi National Oil Company (Adnoc), has been named president of the Cop28 climate conference, which is being hosted by the UAE later this year. Al Jaber, who is also the UAE’s minister of industry and advanced technology, has served as special envoy for climate change over […] January 12, 2023 Analysis Sustainability Gulf’s sustainability consulting market set to hit $1.3bn by 2025 Middle Eastern companies are calling in expert advisers to help them improve their environmental performance and analyse carbon-tracking and other sustainability indicators. As national carbon reduction policies roll out across the Gulf, the region’s market for sustainability consulting is forecast to grow by 10 percent each year between now and 2025, according to a report […] January 11, 2023 Energy Borouge secures two new $15m contracts from UAE firms Abu Dhabi-listed petrochemicals major Borouge has secured two new contracts worth AED55 million ($15 million) to supply polyolefins to Ducab and Union Pipes Industry (UPI), the company said in a statement. Both companies will use Borouge materials to produce energy and infrastructure applications to construct Borouge 4. Ducab, a UAE-based energy solution provider and industrial […] January 11, 2023 Energy UAE’s Adnoc allocates $15bn to decarbonise operations by 2050 State oil major Abu Dhabi National Oil Company (Adnoc) has allocated AED55 billion ($14.97 billion) to decarbonise its operations by 2050, the oil giant said in a statement. Projects will include investments in clean power, carbon capture and storage (CCS), further electrification of its operations, energy efficiency and new measures to build on Adnoc’s long-standing […] January 6, 2023 Energy UAE’s Adnoc acquires 24.9% stake in Austrian chemicals group State oil major Abu Dhabi National Oil Company (Adnoc) will acquire a 24.9 percent stake in Austria-based global energy and chemicals group OMV AG (OMV) from Mubadala Investment Company (Mubadala). The transaction will increase Adnoc’s shareholdings in both Borealis and Borouge, expanding its footprint in the chemicals sector. OMV holds a 75 percent stake in […] December 22, 2022 Opinion Energy A new cap on Russian oil leaves world relying on the Gulf Middle East producers will be the main beneficiaries as markets look elsewhere for supply December 14, 2022 Posts navigation Previous 1 … 40 41 42 … 47 Next
Sustainability Adnoc calls on Earthshot Prize winner for decarbonisation pilot Abu Dhabi National Oil Company (Adnoc) announced on Tuesday a partnership to pilot technology that permanently mineralises carbon dioxide within rock formations found in the emirate of Fujairah. Adnoc is partnering with the Fujairah Natural Resources Corporation, Abu Dhabi Future Energy Company (Masdar) and Oman-based 44.01. The project, announced at the Abu Dhabi Sustainability Week, […] January 17, 2023
Banking & Finance BlackRock’s Larry Fink welcomes rise in Gulf clients BlackRock is attracting more investors from the Middle East, the CEO of the world’s largest asset manager told analysts this month. The US-based firm established a wholly-owned Saudi subsidiary in 2018, opened an office in Riyadh in 2019 and in February 2022 received approval from the market regulator to start managing investments and operating funds […] January 16, 2023
Cop28 Cop28 chief sets out UAE’s vision for climate finance The UAE intends to make financing for climate change projects “more affordable [and] much more accessible”, the country’s oil chief and Cop28 president has said. Dr. Sultan Al Jaber said finance reforms were needed because the world was “way off track” the goals of the 2015 Paris climate accord, during a speech to the Atlantic […] January 16, 2023
Aviation Emirates resumes Tokyo flights as UAE and Japan deepen ties Emirates said on Thursday it will resume flights to Tokyo-Haneda airport from April 2, after a three-year hiatus due to the coronavirus pandemic. Dubai’s flag carrier said the service will be operated by one of its Boeing 777 Game Changer aircraft, with the outbound flight EK312 departing Dubai at 07.50 and arriving in Haneda at […] January 12, 2023
Sustainability Adnoc chief Sultan Al Jaber named president of Cop28 Sultan Al Jaber, head of state oil giant Abu Dhabi National Oil Company (Adnoc), has been named president of the Cop28 climate conference, which is being hosted by the UAE later this year. Al Jaber, who is also the UAE’s minister of industry and advanced technology, has served as special envoy for climate change over […] January 12, 2023
Analysis Sustainability Gulf’s sustainability consulting market set to hit $1.3bn by 2025 Middle Eastern companies are calling in expert advisers to help them improve their environmental performance and analyse carbon-tracking and other sustainability indicators. As national carbon reduction policies roll out across the Gulf, the region’s market for sustainability consulting is forecast to grow by 10 percent each year between now and 2025, according to a report […] January 11, 2023
Energy Borouge secures two new $15m contracts from UAE firms Abu Dhabi-listed petrochemicals major Borouge has secured two new contracts worth AED55 million ($15 million) to supply polyolefins to Ducab and Union Pipes Industry (UPI), the company said in a statement. Both companies will use Borouge materials to produce energy and infrastructure applications to construct Borouge 4. Ducab, a UAE-based energy solution provider and industrial […] January 11, 2023
Energy UAE’s Adnoc allocates $15bn to decarbonise operations by 2050 State oil major Abu Dhabi National Oil Company (Adnoc) has allocated AED55 billion ($14.97 billion) to decarbonise its operations by 2050, the oil giant said in a statement. Projects will include investments in clean power, carbon capture and storage (CCS), further electrification of its operations, energy efficiency and new measures to build on Adnoc’s long-standing […] January 6, 2023
Energy UAE’s Adnoc acquires 24.9% stake in Austrian chemicals group State oil major Abu Dhabi National Oil Company (Adnoc) will acquire a 24.9 percent stake in Austria-based global energy and chemicals group OMV AG (OMV) from Mubadala Investment Company (Mubadala). The transaction will increase Adnoc’s shareholdings in both Borealis and Borouge, expanding its footprint in the chemicals sector. OMV holds a 75 percent stake in […] December 22, 2022
Opinion Energy A new cap on Russian oil leaves world relying on the Gulf Middle East producers will be the main beneficiaries as markets look elsewhere for supply December 14, 2022
