UAE’s oil and gas firm ADNOC announced expansion of its Carbon Capture Utilization and Storage (CCUS) program, as part of its goal to become one of the least carbon-intensive oil and gas producers in the world, in line with its 2030 strategy.
According to a recent statement, Al Yasat, ADNOC’s joint venture with China’s CNPC, produced its first oil from the Bu Haseer 2 Offshore Platform in Abu Dhabi. This is the second production platform on the Bu Haseer field which is expected to deliver 15,000 bpd and contribute to the target of achieving 4 million bpd of oil production capacity by the end of 2020.
The Abu Dhabi National Oil Company (ADNOC) plans to decrease its greenhouse gas (GHG) emissions intensity by 25% by 2030, to bolster its position as one of the least carbon-intensive oil and gas companies in the world.
UAE’s oil and gas company ADNOC is on track to increase its crude oil production capacity to 4 million barrels per day by the end of this year. In fact, Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO highlighted the impact of global economic trends on energy demand and outlined the UAE and ADNOC’s response to the fast-evolving energy landscape, saying that “This economic outlook means both the short and long-term demand for energy remains robust. Over the next two decades, we will see growth of at least 25% in energy demand. This is a rate of increase that no single source can satisfy and presents the key challenge of how to produce more energy with fewer emissions.”
Trafigura proposes carbon levy on shipping fuels25/09/2020
Spain must recover illegal state aid for ships built in domestic shipyards, EU court says25/09/2020
- Maritime Health
Update Sept: Live map depicts spread of coronavirus25/09/2020
New Zealand: Update on COVID-19 restrictions25/09/2020
Brazil updates berthing and mooring rules25/09/2020
Owner of New Diamond to pay $1.8 million for Sri Lanka’s help25/09/2020
World's largest LNG container ship named ''CMA CGM Jacques Saade''25/09/2020
IMarEST issues guide on scrubber challenges25/09/2020
450 coronavirus positive seafarers, quarantined onboard for weeks25/09/2020
First lock gate for the new IJmuiden sea lock at Port of Amsterdam installed25/09/2020