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OPEC published its annual report with estimates of global energy demand through 2045 and it cut again its demand growth outlook for this year and next, while the largest state oil and gas firms in the Middle East signed major contracts to expand their production and processing capabilities.
ABU DHABI, 31st October, 2022 (WAM) –- Abu Dhabi National Oil Company (ADNOC) announced today, it has set a new Upstream Methane Intensity target of 0.15 percent by 2025. The new target is the lowest in the Middle East, reinforcing ADNOC’s status as a leader in the responsible production of lower carbon energy.ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category, by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0) a multi-stakeholder initiative launched by the United...
Target strengthens ADNOC’s commitment to responsible production of lower carbon energy