UN climate summit host UAE failed to report methane emissions to the UN. The United Arab Emirates will host the crucial Cop28 UN climate summit in December. It has failed to report its emissions of the powerful greenhouse gas methane to the UN for almost a decade. This was revealed by the Guardian. Its state oil...
COP28 President’s ‘hypocritical’ oil firm failing to acknowledge full extent of their carbon footprint. The fossil fuel giant run by the president of the forthcoming UN climate summit, Sultan Al-Jaber, last month reported only a fraction of its carbon pollution. This is despite him saying companies need to “attack all emissions”, according to new analysis....
Abu Dhabi oil giant builds internal ‘investment bank’ to chase $50bn in globaldeals. The Abu Dhabi National Oil Company has amassed a nearly 50-strong team of dealmakers and is pursuing roughly $50 billion in transactions as part of a push todiversify its business and expand abroad. Adnoc, led since 2016 by Sultan al-Jaber, has quietly...
Why the next climate summit is stirring controversy. Every year, the world convenes for the United Nations climate talks. There, members of the Conference of the Parties (COP) decide on the dates and venue of their next session. The host nation then names someone to chair the talks. The government of the host country holds...
The biggest oil producer in the United Arab Emirates is buying a stake in a natural gas field in Azerbaijan, marking the company’s first major international purchase of upstream hydrocarbon assets. Abu Dhabi National Oil Co. agreed to buy a 30% equity stake in the Absheron gas field in the Caspian Sea, the government-owned firm...
At the beginning of 2000s, as concerns about climate change grew, some of the biggest oil companies began to modify their climate change public relations strategies. Instead of denying the evidence to sow doubt, they decided to try and spin their actions in more of a positive light. To try and co-opt the debate. They learnt their...
LONDON, July 24 (Reuters Breakingviews) – A merger of two companies can be a headache; a merger of two countries even more so. The state-owned Abu Dhabi National Oil Company (ADNOC) and $15 billion OMV (OMVV.VI), 32% held by the Austrian state, are in talks to merge the two petrochemical companies they cross-hold, Borouge (BOROUGE.AD) and Borealis, into an entity...
Abu Dhabi-based integrated gas processing company ADNOC Gas announced a deal of Dh 25.7- Dh 33 billion (approximately Rs 2570-3300 million) with the Indian Oil Corporation Ltd (IOCL) to supply 1.2 million metric tonnes of liquefied natural gas (LNG) annually. The massive contract with Indian Oil has been signed for a period of 14 years,...
UAE-based Adnoc Drilling has won five 10-year contracts worth $2bn from state-owned Abu Dhabi National Oil Company (ADNOC). The largest national drilling company in the Middle East by rig fleet size will support ADNOC Offshore’s growing drilling operations with five high-specification, premium jackups along with all required manpower and equipment. The rigs will start activity...
LONDON, 15th July 2023 – COP28 President Sultan Al Jaber’s company plans to produce oil and gas that when burned for energy will emit more than 11 billion tonnes of CO2 – not far short of China’s annual emissions – a Global Witness analysis of industry production data shows. The Abu Dhabi National Oil Company (ADNOC),...