A pipeline control head outside Adnoc's offices in Abu Dhabi. Adnoc was among the five lowest greenhouse gas emitters in the oil and gas industry in 2020. Bloomberg
A pipeline control head outside Adnoc's offices in Abu Dhabi. Adnoc was among the five lowest greenhouse gas emitters in the oil and gas industry in 2020. Bloomberg
A pipeline control head outside Adnoc's offices in Abu Dhabi. Adnoc was among the five lowest greenhouse gas emitters in the oil and gas industry in 2020. Bloomberg
A pipeline control head outside Adnoc's offices in Abu Dhabi. Adnoc was among the five lowest greenhouse gas emitters in the oil and gas industry in 2020. Bloomberg

Business

Energy

Adnoc sets target to reduce methane emissions by 2025

Abu Dhabi oil producer aims for a methane intensity target of 0.15% by 2025, the 'lowest' in the Middle East

John Benny

October 31, 2022

  • English
  • Arabic

Adnoc has set a new methane emissions target for its upstream unit as part of its efforts to reduce its overall greenhouse gas emissions.

The state-owned oil company is aiming for the “Middle East’s lowest” methane intensity target of 0.15 per cent by 2025, it said in a statement on Monday.

Intensity-based targets measure the amount of methane or carbon dioxide per unit of energy or barrel of oil and gas produced.

“Our aim is to reduce the methane intensity from our operated oil and gas assets, at the same time as we meet the forecast growth in energy demand for decades to come,” Abdulmunim Al Kindy, executive director of Adnoc's people, technology and corporate support directorate.

The announcement came on the opening day of the Abu Dhabi International Petroleum Exhibition Conference (Adipec), one of the world’s largest energy industry events.

Adnoc plans to lower its greenhouse gas emissions intensity by 25 per cent by 2030 as it adopts new sustainability goals.

In 2020, the company was among the five lowest greenhouse gas emitters in the oil and gas industry, with a methane intensity of 0.01 per cent.

The new target of 0.15 per cent reflects the total volume of methane emissions from all operated upstream oil and gas assets, the company said.

The UAE, which is Opec’s third-largest oil producer, plans to boost its production capacity to 5 million barrels per day by 2030.

Even as Covid-19 lockdowns drove carbon emissions down in 2020, methane emissions continued to climb.

But unlike carbon dioxide, methane breaks down in the atmosphere in about 10 years, meaning action to stop it from reaching the ozone layer can make a huge difference.

The UN estimates that human-caused methane emissions may be reduced by as much as 45 per cent this decade, if the right action is taken.

_______________________________

Adipec 2022: day one — in pictures

Visitors at the Abu Dhabi International Petroleum Exhibition and Conference, which is being held in the UAE capital. Chris Whiteoak / The National
Visitors at the Abu Dhabi International Petroleum Exhibition and Conference, which is being held in the UAE capital. Chris Whiteoak / The National
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and managing director and group chief executive of Adnoc, said the world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt. Photo: Adipec
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, and managing director and group chief executive of Adnoc, said the world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt. Photo: Adipec
Dr Al Jaber called for 'maximum' energy with 'minimium' emissions to ensure global energy security. Photo: Adipec
Dr Al Jaber called for 'maximum' energy with 'minimium' emissions to ensure global energy security. Photo: Adipec
Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, is given a briefing at one of the exhibition stands at Adipec, during a tour with Dr Al Jaber. Photo: Abu Dhabi Media Office
Sheikh Khaled bin Mohamed, member of the Abu Dhabi Executive Council and chairman of the Abu Dhabi Executive Office, is given a briefing at one of the exhibition stands at Adipec, during a tour with Dr Al Jaber. Photo: Abu Dhabi Media Office
Sheikh Khaled is greeted by an executive at one of the stands at Adipec. Photo: Abu Dhabi Media Office
Sheikh Khaled is greeted by an executive at one of the stands at Adipec. Photo: Abu Dhabi Media Office
Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, inaugurated the energy conference. Photo: Abu Dhabi Media Office
Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of the Presidential Court, inaugurated the energy conference. Photo: Abu Dhabi Media Office
Sheikh Mansour with other sheikhs and officials at Adipec. Photo: Abu Dhabi Media Office
Sheikh Mansour with other sheikhs and officials at Adipec. Photo: Abu Dhabi Media Office
US presidential co-ordinator Amos Hochstein speaks during the opening ceremony at Adipec 2022. Chris Whiteoak / The National
US presidential co-ordinator Amos Hochstein speaks during the opening ceremony at Adipec 2022. Chris Whiteoak / The National
Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom and the UAE will be 'exemplary' hydrocarbon producers while also achieving all their sustainability goals. Chris Whiteoak / The National
Saudi Energy Minister Prince Abdulaziz bin Salman said the kingdom and the UAE will be 'exemplary' hydrocarbon producers while also achieving all their sustainability goals. Chris Whiteoak / The National
UAE Minister of Energy and Infrastructure Suhail Al Mazrouei said the Emirates and the Opec+ are 'keen on' meeting global energy requirements. Chris Whiteoak / The National
UAE Minister of Energy and Infrastructure Suhail Al Mazrouei said the Emirates and the Opec+ are 'keen on' meeting global energy requirements. Chris Whiteoak / The National
Tarek El Molla, Egypt's Minister for Petroleum and Mineral Resources, speaks during a panel discussion. Chris Whiteoak / The National
Tarek El Molla, Egypt's Minister for Petroleum and Mineral Resources, speaks during a panel discussion. Chris Whiteoak / The National
Indian Energy Minister Hardeep Singh Puri makes a point during the panel discussion. Chris Whiteoak / The National
Indian Energy Minister Hardeep Singh Puri makes a point during the panel discussion. Chris Whiteoak / The National
Upstream energy investment in 2021 was depressed for a second consecutive year at $341 billion — about 25 per cent below 2019 levels. Chris Whiteoak / The National
Upstream energy investment in 2021 was depressed for a second consecutive year at $341 billion — about 25 per cent below 2019 levels. Chris Whiteoak / The National
Musadik Masood Malik, Pakistan's Minister of State for Petroleum, with Belinda Balluku, Albania's Deputy Prime Minister and Minister of Infrastructure and Energy, speak on the topic 'Geopolitics of Today: How the Energy Industry is Navigating Through Change' at the Adipec 2022 conference in Adnec, Abu Dhabi. Chris Whiteoak / The National
Musadik Masood Malik, Pakistan's Minister of State for Petroleum, with Belinda Balluku, Albania's Deputy Prime Minister and Minister of Infrastructure and Energy, speak on the topic 'Geopolitics of Today: How the Energy Industry is Navigating Through Change' at the Adipec 2022 conference in Adnec, Abu Dhabi. Chris Whiteoak / The National
Nicolas Terraz, member of the executive committee, president of exploration and production at Total Energies, addresses a panel discussion on 'Transitioning to New Energy Supply and Demand Needs: a Look into the Future' at Adipec 2022. Chris Whiteoak / The National
Nicolas Terraz, member of the executive committee, president of exploration and production at Total Energies, addresses a panel discussion on 'Transitioning to New Energy Supply and Demand Needs: a Look into the Future' at Adipec 2022. Chris Whiteoak / The National
Tengku Muhammad Taufik, president and chief executive of Petronas, during a panel discussion on 'The New Business and Energy Portfolio Model: Managing Geopolitical Uncertainty and the Energy Transition' at Adipec 2022. Chris Whiteoak / The National
Tengku Muhammad Taufik, president and chief executive of Petronas, during a panel discussion on 'The New Business and Energy Portfolio Model: Managing Geopolitical Uncertainty and the Energy Transition' at Adipec 2022. Chris Whiteoak / The National
Professor Dr Klaus-Dieter Maubach, chief executive of Uniper, at a panel discussion on the topic 'Transitioning to New Energy Supply and Demand Needs: A Look into the Future' at Adipec 2022. Chris Whiteoak / The National
Professor Dr Klaus-Dieter Maubach, chief executive of Uniper, at a panel discussion on the topic 'Transitioning to New Energy Supply and Demand Needs: A Look into the Future' at Adipec 2022. Chris Whiteoak / The National
Haytham Al Ghais, Secretary General of Opec, during OPRC's World Outlook 2022 at Adipec 2022. Chris Whiteoak / The National
Haytham Al Ghais, Secretary General of Opec, during OPRC's World Outlook 2022 at Adipec 2022. Chris Whiteoak / The National
Delegates at Adipec 2022. Chris Whiteoak / The National
Delegates at Adipec 2022. Chris Whiteoak / The National
Adipec 2022 draws industry representation from across the world to Adnec in Abu Dhabi. Chris Whiteoak / The National
Adipec 2022 draws industry representation from across the world to Adnec in Abu Dhabi. Chris Whiteoak / The National

_______________________________

“Reducing emissions of this powerful greenhouse gas is an essential short-term action if we are to meet the climate goals of the Paris Agreement,” said Mark Radka, chief of energy and the climate branch at the UN Environment Programme.

The UAE is investing Dh600 billion ($163.5bn) in clean and renewable energy projects over the next three decades as part of its strategy to achieve net zero emissions by 2050.

The country is building the world’s largest solar park — the Mohammed bin Rashid Solar Park — in Dubai with a 5-gigawatt capacity.

Fossil fuel combustion will grow by less than 1 per cent in 2022, supported by a “strong” expansion of renewables and the rising adoption of electric vehicles, the International Energy Agency said in a recent report.

Carbon emissions jumped by about two billion tonnes in 2021 as the world economy rebounded from the effects of the first year of the Covid-19 pandemic, which brought travel to a standstill.

WE%20NO%20LONGER%20PREFER%20MOUNTAINS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Inas%20Halabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENijmeh%20Hamdan%2C%20Kamal%20Kayouf%2C%20Sheikh%20Najib%20Alou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
BANGLADESH SQUAD

Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)

Transgender report
War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

Available: Now

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WWE TLC results

Asuka won the SmackDown Women's title in a TLC triple threat with Becky Lynch and Charlotte Flair

Dean Ambrose won the Intercontinental title against Seth Rollins

Daniel Bryan retained the WWE World Heavyweight Championship against AJ Styles

Ronda Rousey retained the Raw Women's Championship against Nia Jax

Rey Mysterio beat Randy Orton in a chairs match

Finn Balor defeated Drew McIntyre

Natalya beat Ruby Riott in a tables match

Braun Strowman beat Baron Corbin in a TLC match

Sheamus and Cesaro retained the SmackDown Tag Titles against The Usos and New Day

R-Truth and Carmella won the Mixed Match Challenge by beating Jinder Mahal and Alicia Fox

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MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

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While you're here
While you're here
While you're here
Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

On Women's Day
Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Sri Lanka-India Test series schedule

1st Test July 26-30 in Galle

2nd Test August 3-7 in Colombo

3rd Test August 12-16 in Pallekele

ELECTION%20RESULTS
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COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
TO%20CATCH%20A%20KILLER
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While you're here
Match info

Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)

Sholto Byrnes on Myanmar politics
Specs%20
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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

On Women's Day
While you're here
Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
The specs
Engine: 3.6 V6

Transmission: 8-speed auto

Power: 295bhp

Torque: 353Nm

Price: Dh155,000

On sale: now 

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Profile of RentSher

Started: October 2015 in India, November 2016 in UAE

Founders: Harsh Dhand; Vaibhav and Purvashi Doshi

Based: Bangalore, India and Dubai, UAE

Sector: Online rental marketplace

Size: 40 employees

Investment: $2 million

Updated: October 31, 2022, 2:24 PM`
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