Building on a 40-year legacy of energy leadership
Oil and Gas News|November 2024
As the energy industry looks to the future, the challenge will be to harness the potential of emerging technologies while addressing the pressing need for decarbonisation; and ADIPEC provides an opportunity for industry leaders to explore these themes and collaborate on solutions
Building on a 40-year legacy of energy leadership

As the world prepares for ADIPEC 2024, the significance of this year’s event cannot be overstated. This year, ADIPEC will focus on collaborative actions to accelerate the energy transition while ensuring energy security.

Building on a 40-year legacy, ADIPEC is set to unite global energy leaders, policymakers, and innovators in a pivotal dialogue about the future of energy.

In an interview with Energy Connects, Suhail Al Mazrouei, the UAE Minister of Energy and Infrastructure, emphasised the country's commitment to shaping a sustainable future in a complex global energy landscape.

The UAE has been proactive in implementing strategies for energy diversification and security, a mission that has gained urgency given recent global events.

“Our pivotal role in ensuring stable energy supplies worldwide has assumed even greater significance,” Al Mazrouei stated.

Highlighting the success of COP28, he reaffirmed the necessity for swift action in sustainability initiatives.

The UAE has pioneered significant advancements over the past 15 years, such as establishing Masdar, the Abu Dhabi Renewable Energy Company, in 2006.

It was also the first nation in the Mena region to launch a Net-Zero by 2050 Strategic Initiative, aiming to deploy 100 GW of clean energy by 2035 through the UAE-US Partnership for Accelerating Clean Energy (PACE).

This forward-thinking approach is encapsulated in the updated UAE Energy Strategy 2050, which aims to increase the share of clean energy in the national energy mix while achieving net-zero emissions.

Al Mazrouei emphasised: “Our endeavour is to build a balanced energy system that is both cost-effective and reduces emissions.”

The commitment to sustainability positions the UAE as a global leader in energy innovation and a model for other nations.

BALANCING ENERGY SECURITY WITH TRANSITION

Bu hikaye Oil and Gas News dergisinin November 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Oil and Gas News dergisinin November 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

OIL AND GAS NEWS DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
SFME to host expert workshops on energy resilience
Oil and Gas News

SFME to host expert workshops on energy resilience

THE Sustainability Forum Middle East (SFME), set to launch its third edition on January 28-29, in Bahrain, will feature expertled workshops to support businesses in launching or accelerating their net-zero journeys.

time-read
1 min  |
January 2025
Coal will be a central pillar of COP31, wherever it's held
Oil and Gas News

Coal will be a central pillar of COP31, wherever it's held

In the shadows of COP29, two of the world’s most coal-dependent countries are still bidding to host the UN climate summit in 2026, offering what could be a unique moment to renew focus on coal, write climate analysts Christopher Wright and Ufuk Alparslan

time-read
5 dak  |
January 2025
Anchored in excellence: Miros' milestones making waves
Oil and Gas News

Anchored in excellence: Miros' milestones making waves

While 2024 has been a remarkable year with milestones and moments of pride, the company is looking ahead to driving innovation and success, Marius Five Aarset tells OGN

time-read
4 dak  |
January 2025
SBTi updating plans for O&G, other sectors to cut emissions
Oil and Gas News

SBTi updating plans for O&G, other sectors to cut emissions

TO tackle emissions in high-impact industries and align with its Corporate Net-Zero Standard, the Science Based Targets initiative (SBTi) is updating its terms of reference for three sector projects: oil and gas, chemicals and power.

time-read
5 dak  |
January 2025
AIQ will integrate Reservoir 360 with SLB software
Oil and Gas News

AIQ will integrate Reservoir 360 with SLB software

AIQ, Abu Dhabi-based AI company, has partnered with global energy technology company SLB to integrate its Advanced Reservoir 360 (AR360) solution with SLB's Petrel software as a plug-in.

time-read
1 min  |
January 2025
Wärtsilä to power methanol-ready vessel
Oil and Gas News

Wärtsilä to power methanol-ready vessel

WÄRTSILÄ, a technology group, has been ordered to supply a complete propulsion package for a 38,000 DWT methanol-ready cement carrier vessel, one of the largest vessel of its type and the first with a methanol-ready notation.

time-read
1 min  |
January 2025
Afreximbank signs major hydropower project in DRC
Oil and Gas News

Afreximbank signs major hydropower project in DRC

AFRICAN Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC).

time-read
1 min  |
January 2025
$29m solar project to boost Chad's energy access
Oil and Gas News

$29m solar project to boost Chad's energy access

THE African Development Bank Group has approved €28 million ($29 million) for the construction of solar power plants in Gassi and Lamadji, Chad, as part of its Desert to Power program.

time-read
1 min  |
January 2025
AfDB invests $30m in AFC to boost climate action
Oil and Gas News

AfDB invests $30m in AFC to boost climate action

THE African Development Bank (AfDB) has approved a $30 million equity investment in Africa Finance Corporation (AFC) to launch innovative \"green shares\" to fund climate action projects across Africa.

time-read
1 min  |
January 2025
Promoting gender equality in S Africa's energy transition
Oil and Gas News

Promoting gender equality in S Africa's energy transition

A series of events held between November 12-15 in South Africa marked several strides forward in advancing gender equality in the Just Energy Transition.

time-read
1 min  |
January 2025