Businesses remain concerned about the barriers to investment, however.
The majority of businesses in the world’s richest countries are committed to a net zero target, new research from global law firm Ashurst found. In its survey, the firm found that almost 70 percent of organisations had already committed to a net zero target, with an additional 28 percent having one under development already. Net […]
The 15-year agreement will see Shell responsible for 240 megawatts of installed generation capacity across the Dogger Bank C site off the coast of the UK.
Oil giant Shell has agreed to purchase energy from the world’s largest offshore wind farm on Wednesday. The 15-year agreement will see Shell responsible for 240 megawatts of installed generation capacity across the Dogger Bank C site off the coast of the UK. Centrica Energy Marketing and Trading, and SSE Energy Supply will also be […]
The sale had been in process since August 2019.
Saudi Arabian oil giant Saudi Aramco and Reliance, India’s largest petrochemical firm, have mutually agreed to reevaluate a $15 billion deal for Aramco to purchase a 20 percent stake in Reliance’s oil-to-chemical business. The sale had been announced in 2019, but progress has been slow. Oil prices crashed last year due to a huge demand […]
The energy transition must take place at a reasonable pace, and investments are still needed in the sector, according to a ministerial panel at ADIPEC
OPEC Secretary General Mohammad Barkindo has warned that the energy sector must “take stock” and perform a “holistic post-mortem” following the COP26 climate conference. During a panel at ADIPEC in Abu Dhabi, he said that the oil and gas sector was “targeted” during COP26, and that it was “clearly stated that this industry has no […]
Goals need to be clearly defined for energy transition, Looney said.
The transition away from hydrocarbons towards more climate-friendly alternatives is a long-term approach that requires clear goals in order for success, the CEO of British oil and gas giant BP said on Monday. Governments around the world have begun to speed up policy reforms in line with climate challenge objectives. The global narrative, however, has […]
Global energy transition plans need to be "responsible and responsive," the minister added.
Egypt’s hosting of the COP27 climate conference next year, and the UAE’s hosting of COP28 in 2023, are good opportunities to work together and create initiatives which will help the world navigate through the energy transition and climate change, Egypt’s Minister of Petroleum Tarek El Molla said on Monday. Molla was speaking at ADIPEC 2021, […]
The group has maintained stability for global oil markets, Saudi Arabia's oil minister said.
The OPEC+ group has delivered more remarkably than any other group on planet earth and demonstrated a cohesion that has brought stability and sustainability to oil markets, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Monday. Prince Abdulaziz was speaking during the ADIPEC 2021 opening ceremony in a panel focused on shedding light […]
The announcement is a first in the industry.
Abu Dhabi National Oil Company (ADNOC) is set to receive up to 100 percent of its grid power from clean energy sources by January next year, Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC said during the opening ceremony of ADIPEC on Monday. […]
HYTORC the world’s leader in industrial bolting systems is happy to announce that we are exhibiting in ADIPEC 2021. Visit us in-person at Stand 13090 – Hall 13 inside Abu Dhabi National Exhibition Centre from 15th to 18th November 2021. We will have our booth ready with live demonstrations all day, make sure to stop […]
While the US and EU launched the Global Methane Pledge, the strategic details are unclear
In an announcement made at COP26, the US and EU jointly kicked off the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030, and over 100 countries have joined the initiative; Miles Weinstein, Energy Transition Analyst at GlobalData, a leading data and analytics company, offers his view: “In total, the participating […]
