International contractor Kent has started work on an engineering, procurement, construction and management contract for the full-field development of Abu Dhabi National Oil Company’s (Adnoc’s) onshore Bab Far North project. Adnoc is expected to spend $150 billion up to 2027 on advancing its 5 million barrels per day oil production capacity target, due to improved...
Fossil fuel companies should not be included in the COP 28 climate summit if they continue to block climate action, the UN’s former climate chief told reporters on Thursday. “If they are going to be there only to be obstructors, and only to put spanners into the system, they should not be there,” said Christiana Figueres, who...
UAE giant advancing its 5 million bpd oil production capacity target to 2027 on back of improved market fundamentals. Engineering, procurement and construction activity in Abu Dhabi is soaring to record highs as state oil company Abu Dhabi National Oil Company (Adnoc) pushes ahead with an ambitious oil and gas expansion programme. Billions of dollars...
Senior executives from the UAE’s national oil company are working with the Cop28 team as the country ramps up its PR campaign ahead of the major UN climate summit later this year, leaked internal records show. Two PR professionals from the Abu Dhabi National Oil Company (Adnoc) are identified as providing “additional support” to the team running...
The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa, and expanding in other forms of energy. In a bid to catch up with long-established rivals, Abu Dhabi National Oil Co. wants to take advantage of the hole...
Edelman earned millions polishing the UAE’s green image — which helped propel Sultan Ahmed Al Jaber to the top levels of climate diplomacy. With three months to go until the COP28 United Nations climate talks begin in Dubai, critics have stepped up their condemnation of the decision to put Sultan Ahmed Al Jaber, the head of...
UAE Oil Giant Plans European Trading Boost in Expansion Push. The UAE’s biggest oil producer is pushing to build its fledgling trading operations into a multibillion-dollar business this decade by bolstering its presence in Europe and Africa and expanding into other forms of energy. In a bid to catch up with long-established rivals, Abu Dhabi National...
ExxonMobil, the fifth-leading producer of greenhouse gas emissions in the world from 1880 to 2010, has been planning since 2018 to raise its yearly carbon dioxide emissions by as much as 17% by 2025, according to internal documents reviewed by Bloomberg. The news comes in stark contrast to efforts to slow down the pace of...
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....