As world leaders descend on Dubai for this year’s biggest climate conference COP28, the United Arab Emirates is pushing for a global commitment to triple renewable energy deployment by the end of the decade. It will also showcase its own investments in solar and wind power. But a closer look at the numbers shows the UAE’s...
Exxon Mobil has agreed to pay $59.5 billion for rival Pioneer Natural Resources in a deal that will secure the energy giant’s status as the fracking leader in the all-important Permian Basin—a region that stretches across West Texas and New Mexico and produces nearly 40% of all U.S. oil and 15% of all U.S. natural gas. If the acquisition survives a...
The UAE holds a major oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai. The UAE holds a major oil and gas conference just ahead of hosting UN COP28 climate talks in Dubai. The Emirati president-designate of the upcoming United Nations COP28 climate talks called on oil and gas companies...
Fossil fuel demand must fall by a quarter by the end of this decade if governments want to limit the rise in global warming to 1.5C since the pre-industrial period, the International Energy Agency has concluded. Coal, oil and natural gas will all need to be replaced by clean energy at a rapid rate to...
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...