How UAE’s oil giant ADNOC plans to meet rising global energy demand
How UAE’s oil giant ADNOC plans to meet rising global energy demand
The board of Abu Dhabi's ADNOC has approved plans to bring forward the company's five million barrel per day (bpd) oil production capacity expansion to 2027 and plough in investments worth AED550 billion ($150 billion) to power up its strategy.
ADNOC produces some of the world’s least carbon intensive oil and this new target is expected to provide the company with greater flexibility to meet rising global energy demand.
The accelerated production capacity target is underpinned by the UAE’s strong hydrocarbon reserves, which have increased by 2 billion stock tank barrels (STB) of oil and 1 trillion standard cubic feet (TSCF) of natural gas this year, the oil behemoth said in a statement released on Monday evening.
These additional reserves increase the UAE’s reserves base to 113 billion STB of oil and 290 TSCF of natural gas, reinforcing the country’s position in global rankings as the custodian of the sixth-largest oil reserves and the seventh-largest gas reserves, it said.
UAE President Sheikh Mohamed bin Zayed Al Nahyan, on Monday presided over the annual meeting of the ADNOC Board of Directors. The board endorsed the creation of ‘ADNOC Gas’, a new world-scale gas processing and marketing company, effective 1 January 2023.
The company will combine the
#HalfTimeTalk Interview with @ClaySeigle, Director - Global Oil Service, @RapidanEnergy
Gather exclusive insights midway through the trading week.
#OOTT #oilmarket #energy #oil #China #Chinareopening #Oilmarket @FOIZ_UAE @CCED_Oman
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The #UAE is set to announce retail #fuelprices for February. The monthly rates are updated at the end of every month ever since the country deregulated prices in August 2015 to bring local rates in line with global ones.
Stay tuned to our page for more.
The fight against global warming should not be at the expense of economic growth, the #UAE oil chief who will lead this year’s UN climate talks says.
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The #UAE is expected to announce retail #fuelprices for February tomorrow.
The fuel price committee updates the monthly retail fuel rates at the end of every month since the country deregulated prices to bring local rates in line with the global.
Monthly rates are updated at the end of every month ever since the country deregulated prices in August 2015 to bring local rates in line with global ones
𝗗𝗮𝗶𝗹𝘆 𝗘𝗻𝗲𝗿𝗴𝘆 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝗼𝘂𝗻𝗱𝗶𝗻𝗴𝘀
Omar Najia, Global Head, Derivatives, @BBEnergyGroup
#OOTT #energy #oilprices #china
@ADNOCGroup @FOIZ_UAE @CCED_Oman @Sharjahoil
I stand with #UAE and #SultanAlJaber, only because of the efforts that #UAE has made in every possible sector to promote #Clean & #renewable Energy. No country could match the extent #UAE is working towards this global goal and they hold every right to choose @COP28_UAE head!
"Having a fossil fuel champion in charge of the world’s most important climate negotiations would be like having the CEO of a cigarette conglomerate in charge of global tobacco policy."
US lawmakers urge @uaeclimateenvoy Al Jaber to step down from #COP28
This is bull-shit!
How can the world imagine a successful #COP28 without participation frm #UAE or #Masdar?
They r the global leaders in #renewable energy and #sustainability sector. #SultanAlJaber heads @Masdar owns R. energy projects in 40 countries across the world. @cop28uae
Good to see that our colleagues in the US Senate and Congress demand action! 👏
The @UNFCCC must seek assurances for an ambitious #COP28.
@SenWhitehouse @SenWarren @USRepKCastor
We've got some exciting news! Solapave is proud to announce our new partnership with SDG Global as there is an increasing need following @adswagenda for innovative renewable energy resources in the region.
#UAE #ADSW #WFES #Solapave #ClimateChange #RenewableEnergy
H.E President Nana Akufo-Addo led Ghana's delegation to the Abu Dhabi Sustainability Week, in Abu Dhabi, United Arab Emirates (UAE). The Abu Dhabi Sustainability Week (ADSW) is a global initiative championed by the UAE and its clean energy powerhouse Masdar.
#Football #Argentina #UAE
Fans from the United Arab Emirates and across the Middle East enjoyed the energy of Argentine football in Al Ain, Abu Dhabi last Friday, as Boca Juniors and Racing Club faced off in the Supercopa.
by Xander Christou
Al Gore criticising #UAE over climate change is like a Burglar criticising the world about loss of morality in society.
So rich to be coming from largest contributor of toxic gases in the world
USA consumes 30% of global energy & emmits 28% carbon emissions.
Look who's talking?
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#UAE is a global leader in recent times, wid projects for #renewable energy , #clean energy and #Sustainability, No country in the world can compete with the efforts made by UAE in this sector, thn how cn u have #COP28 widout UAE's involvement?
Clinton’s VP #AlGore who traveled to #Davos in private jet made baseless claims against #UAE about #ClimateChange.
Well-experienced oil-producing nation—UAE knows how to deal with carbonic emissions & how to reduce it. It has strategic plan to reach climate neutrality by 2050.
The #UAE is a pioneer in renewable energy on a global scale, with Sultan Al Jaber playing a key leadership role. He is uniquely positioned to make clean energy aspirations a reality. His nomination to lead #COP28 is welcomed and should be celebrated @AviKaner @uaeclimateenvoy
The 13th @IRENA Assembly took place in the UAE on Jan 14th/15th with the theme: ‘World Energy Transition – The Global Stocktake’ convening Heads of State/Government, Ministers, multilateral organizations, youth and private actors to facilitate the #energytransition 1/ 2
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🇦🇪 H.E. Dr. Sultan Al Jaber outlined his vision for @COP28_UAE earlier this month at #ACEnergyForum:
“We want it to be a practical COP. A COP of action. A COP for all. A COP that raises ambition and moves from goals to actually getting it done.”
#iraq #iraqi #politicalrisk #politics #politicians #global #globalenergy #globalbusiness #yuan #kremlin #beijing #oman #gcc #uae #enoc #washingtondc #weapons #drones #engineering #energy #governmentrelations #governmentaffairs #governance #iran https://lnkd.in/gm-N7fm2
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