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The Latest Breaking News from ADNOC

UAE Oil Giant ADNOC Swoops On German Chemicals Firm Covestro

German chemicals group Covestro said Tuesday it had accepted a takeover bid from UAE state energy company ADNOC, as one of the key sectors in Europe's largest economy is gripped by crisis.

International Business Times

Abu Dhabi state oil company reportedly looked at buying BP

Adnoc decided move was not right fit but it is latest sign of foreign buyers circling UK firms

The Guardian - UK

India to build first commercial crude oil strategic storage

India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption.

The Hindu

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Accelerate Your Returns With 3 Lucrative Gas Stocks

The global gas market thrives on sustained natural gas demand and continuous technological advancements, propelling the growth and evolution of the energy sector. Against this backdrop, it could be wise to consider investing in fundamentally strong gas stocks, such as BP p.l.c. (BP), Equinor (EQNR), and Antero Midstream (AM). Keep…

StockNews.com

Gas Booming For UN COP29 Host Azerbaijan

Following the UN's COP28 climate talks in oil-fuelled Dubai, the COP29 conference is headed for the historic cradle of oil, Azerbaijan, which is in the midst of a gas boom.

International Business Times

Azerbaijan names former oil executive to head Cop29 climate talks

Mukhtar Babayev, Azerbaijan’s Minister of Ecology and Natural Resources, has been named as president-designate of the Cop29 climate conference. He will be the second oil executive in a row to head the global environmental summit after UAE's Sultan Al Jaber in 2023.

Radio France Internationale

First Thing: Netanhayu set to resist any US attempt to rein in Israel’s Gaza destruction

Joe Biden left in a bind as Israel tells US it needs ‘months’ to defeat Hamas. Plus, Ukraine stung after Hungary’s Viktor Orbán blocks EU war funding

The Guardian - UK

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Cop28 president says his firm will keep investing in oil

Exclusive: Sultan Al Jaber says Adnoc has to meet demand for fossil fuels, and hails ‘unprecedented’ Cop deal

The Guardian - UK

‘The future is renewable’: How a huge gamble sealed Cop28 deal

The signs were pointing to a lukewarm Cop. Instead it turned out to be full of surprises – but is the final deal on fossil fuels just a ruse?

The Guardian - UK

Cop28 failed to halt fossil fuels’ deadly expansion plans – so what now?

The absence of a ‘phase-out’ let petrostates off the hook, but there are multiple other ways to end the era of coal, oil and gas

The Guardian - UK

UAE's Jaber, Oil Boss Who Brokered 'Beginning Of End' For Fossil Fuels

Sultan Al Jaber, the UAE oil chief who headed COP28 in Dubai, promised that this year's UN climate talks would be "different".

International Business Times

After 30 years of waiting, Cop28 deal addresses the elephant in the room

He was personally vilified, but Sultan Al Jaber has managed what no other Cop presidency has ever done

The Guardian - UK

What it means for an oil producing country, the UAE, to host U.N. climate talks

The United Arab Emirates is a major oil producing nation, and that's drawing attention to the role oil and gas has at this year's COP28 climate negotiations.

WEKU

Cop28 is a farce rigged to fail, but there are other ways we can try to save the planet

Inaction and self-interest are built into climate summits. Instead, we need a voting system that can’t be subverted by fossil fuel producers, says Guardian columnist George Monbiot

The Guardian - UK

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Ballotpedia

Bankers discuss ESG financial practices at UN climate conference

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

Chicago Sun-Times

If combating global warming is the goal, the oil and gas industries have too much power at UN conference

Allowing the fossil fuel industries to wield their power in the UN’s climate talks means pulling punches against the greatest existential threat faced by humanity, all to spare those companies a threat to their bottom lines.

The Guardian - UK

Agreement to phase out fossil fuels would be huge for humanity, says Gore

Exclusive: former US vice-president and climate activist says phase-out can be only measure of success for Cop28

Radio France Internationale

At COP28, Al Gore takes aim at host UAE's emissions

Armed with satellite images of pipelines, former US vice president and climate champion Al Gore singled out the emissions of the United Arab Emirates (UAE) at the COP28 talks in the oil-rich monarchy on Sunday.

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The Guardian - UK

Cop28 president says there is ‘no science’ behind demands for phase-out of fossil fuels

Exclusive: UAE’s Sultan Al Jaber says phase-out of coal, oil and gas would take world ‘back into caves’

International Business Times

At COP28, Al Gore Takes Aim At Host UAE's Emissions

Armed with satellite images of pipelines, former US vice president and climate champion Al Gore singled out the emissions of the United Arab Emirates at the COP28 talks in the oil-rich monarchy on Sunday.

Capital & Main

Duel in the Desert: Fossil Fuel Giants and Environmentalists Face Off Over Energy Transition at COP28

Amid revelations over host country UAE using climate conference to strike oil and gas deals, the lack of financing for clean energy looms over the globe.

International Business Times

50 Oil And Gas Companies Pledge To Cut Operational Emissions

Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN's COP28 climate talks in Dubai on Saturday.

The Hindu

Could COP28 help UAE become a post-oil economy? | Explained

The United Arab Emirates (UAE), the world’s seventh largest oil producer, will host the 28th UN Climate Change Summit (COP28) in Dubai from November 30 to December 12

International Business Times

COP28 Puts Spotlight On State Oil Giants

Western energy firms are the usual suspects when it comes to criticism about the sector's role in climate change, but a less visible lineup of powerful state companies dominates the industry.

The Guardian - UK

We have to balance outrage with optimism, says UN’s former climate chief

Speaking in the lead up to Cop28 in Dubai, Christiana Figueres said she has lost faith in oil companies

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