Opinion Cop28 Everyone needs a seat at the Cop28 table, including oil CEOs Sustainability, security and stability must be carefully balanced as we move towards net zero. The energy industry can and should take a leading role January 26, 2023
Opinion Sustainability UAE must deliver tangible results at Cop28 to quiet the critics Host nation faces intense scrutiny but has credentials to come up with the goods January 23, 2023
Energy Masdar chief: Everyone is on board with climate change Once viewed with scepticism, the discussion around climate change and securing a sustainable energy pathway to net zero has now become the accepted mainstream view, according to the CEO of Masdar. Founded 16 years ago, the UAE-owned renewable energy firm has a presence in 40 countries, with a capacity of 20gw, made up of operational […] January 18, 2023
Energy UAE’s Masdar to develop 4GW renewable projects in Azerbaijan UAE’s renewable energy firm Masdar has signed joint development agreements with the State Oil Company of the Republic of Azerbaijan (Socar) for onshore wind and solar projects, and integrated offshore wind and green hydrogen projects, state-owned WAM news agency reported. The projects will have a total combined capacity of 4 gigawatts (GW). Sultan bin Ahmed […] January 18, 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
Energy UAE and US allocate $20bn to fund 15GW renewable projects The UAE and the United States said that the first $20 billion of their $100 billion clean energy partnership will fund 15 new gigawatts (GW) of renewable energy projects before 2035, state-own WAM news agency reported. The investments, led by the UAE’s renewable energy company Masdar and a consortium of US private investors, will be […] January 16, 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
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 Adnoc inks first unconventional oil deal State-owned Abu Dhabi National Oil Company (Adnoc) and Malaysia’s Petroliam Nasional Berhad (Petronas) have signed a deal awarding the first concession in the Middle East for unconventional oil resources, the UAE state news agency WAM said. The six-year agreement is the first investment by a Malaysian company in an Abu Dhabi concession. Petronas will retain […] December 6, 2022
Energy Adnoc’s new pilot scheme to address UAE’s carbon footprint Abu Dhabi National Oil Company (Adnoc) chose this week’s Abu Dhabi International Petroleum Exhibition and Conferences (Adipec) to announce a partnership with Siemens Energy to pilot blockchain technology to certify the carbon intensity of a range of products. By using smart sensor data gathered from across Adnoc’s operational chain – from the oil well to the customer […] November 2, 2022
Analysis Energy Adnoc chief warns 5m barrels a day at risk if oil investment halts The head of the state-owned Abu Dhabi National Oil Company (Adnoc) has warned that the world will lose five million barrels per day of oil each year from next year if investments in the sector grinds to a halt. “Now is not the time to point out that long-term underinvestment in oil and gas has […] October 31, 2022
Energy Gulf oil CEOs attack ‘unrealistic’ energy transition goals Saudi Aramco’s CEO has lambasted the “unrealistic” energy transition scenarios that he claims have exacerbated a global energy crisis. His counterpart at Abu Dhabi National Co (ADNOC) also warned that efforts to tackle climate change could prove counterproductive if they slow economic growth. In unusually fiery comments, Aramco CEO and president Amin Nasser warned that […] September 25, 2022
Analysis Energy ADNOC sends first German cargo as it tests hydrogen ambitions Abu Dhabi National Oil Company (ADNOC) has announced that its first shipment of low-carbon ammonia has left the UAE bound for Hamburg, Germany, as the company aims to overcome one of the biggest obstacles to its hydrogen industry ambitions. The demonstration cargo will be delivered to Aurubis, a global provider of non-ferrous metals and one […] September 7, 2022
Economy UAE-Indonesia deal to add billions to bilateral trade Officials from Indonesia and the UAE have hailed the signing of a free trade agreement which is predicted to boost bilateral trade to more than $10 billion annually within five years. The Comprehensive Economic Partnership Agreement (CEPA), signed in Abu Dhabi on Friday, will eliminate or sharply reduce duties on 99 percent of goods traded […] July 4, 2022
Energy UAE ‘at forefront’ of global climate fight after new $50bn pledge The UAE is now at the forefront of the global fight against climate change after President Sheikh Mohamed bin Zayed Al Nahyan pledged an extra $50 billion investment over the next decade. That’s the view of Mariam bint Mohammed Almheiri, the country’s Minister of Climate Change and the Environment, following the UAE President’s commitment announced […] June 18, 2022
Energy UAE partners with Japan to drive low carbon tech The UAE and Japan are partnering on economic and energy opportunities in a bid to drive global low-carbon technologies, including studying the development of a hydrogen supply chain between the two countries. Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, Special Envoy for Climate Change, and Abu Dhabi National Oil Company (Adnoc) managing […] June 8, 2022
UAE, Egypt and Jordan sign $10bn industrial power pact Abu Dhabi's ADQ to allocate $10 billion in investment for projects. Focus includes agriculture, pharmaceuticals, petrochemicals and textiles May 30, 2022
Energy Commercial waste-to-energy plant to power 28,000 homes A new commercial scale waste-to-energy plant inaugurated in Sharjah will produce enough electricity to power 28,000 homes per year and help the government to achieve its goal of becoming the Middle East’s first zero-waste city. The Emirates Waste to Energy company, a joint venture between Sharjah-headquartered Beeah and Abu Dhabi-based Masdar, was inaugurated yesterday and […] May 25, 2022
Energy UAE’s first commercial waste-to-energy plant to power 28,000 homes A new commercial scale waste-to-energy plant inaugurated in Sharjah, one of the seven emirates in the United Arab Emirates (UAE) will produce enough electricity to power 28,000 homes per year and help the government to achieve its goal to become the Middle East’s first zero-waste city. The Emirates Waste to Energy company, a joint venture […] May 25, 2022
Opinion Energy Short supply and rising demand to sustain oil at $100 a barrel The market is feeling the consequences of an underinvestment in hydrocarbons projects May 12, 2022
