Adil Mohammad

BP has acquired a 49% stake in the gigawatt-scale Hyport Duqm green hydrogen project in Oman. This partnership aims to advance Oman's renewable energy goals and boost its green hydrogen production capacity, positioning the country as a leader in sustainable energy. #Oman #GreenHydrogen #RenewableEnergy #BP #SustainableGrowth Read full article here ⬇️

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Join us for an brief and insightful journey into the intersection of venture capital and decarbonization in the mining industry on the latest episode of 'From the Ground Up.' We delve deep into innovative solutions and investment strategies with Batchimeg Ganbaatar, Managing Partner and Co-Founder of Nomadic Venture Partners, and an alum of The University of Chicago Booth School of Business. Discover how startups are transforming legacy industries for a sustainable future. Listen here: https://lnkd.in/gteXAidN #VentureCapital #Sustainability #Mining"

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Masdar (Abu Dhabi Future Energy Company), the Middle East's largest #renewableenergy company, is advancing towards its goal of reaching 100GW in wind and solar capacity by 2030, positioning it among the world’s leading renewable energy players. Backed by ADNOC Group, TAQA Group, and Mubadala, Masdar has been expanding globally with major deals in Spain, Greece, the US, and the UK. Their strategy focuses on a balanced portfolio of wind and solar projects across key markets, including the Middle East, Europe, and the US. Unlike traditional financial investors focused on short-term returns, Masdar is a strategic investor with a long-term vision, emphasizing sustainable growth over quick profit. As a utility company, their investments are designed for long-term impact, not short-term asset recycling, aligning with the broader goals of the global energy transition. #RenewableEnergy #Sustainability #cleanenergy #energytransition

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The "Diversifying Energy Sources” session at the #28thWIC explored the critical role of government policies and incentives in attracting FDI to the renewable energy and long-term project sectors. Moderated by Raad Al-Saady, Vice Chairman and Managing Director of ACWA Power, the discussion featured insights from global leaders on how to accelerate investment in green technologies and sustainable projects.     🔹H.E. Dr. Musadik Malik, Minister for Petroleum & Water Resources of Pakistan, highlighted the importance of understanding the risk profiles of both projects and markets when attracting investment. He mentioned that investors are particularly drawn to markets that are sophisticated, with manageable competition and strong growth potential.     🔹H.E. Daler Juma, Minister of Energy for Tajikistan, shared Tajikistan’s focus on developing hydroelectric power, along with small, medium, and large-scale renewable energy projects. He emphasized the country’s efforts to adapt to climate change while building local talent and expertise to serve international investors.     🔹UG Sujatha, Vice President of Global Partnerships and Net Zero at Invest India, discussed India’s ambitious goals to become a developed country, and the growing demand for energy as the country’s economy expands. She explained India’s role in the global solar revolution and the government’s strategic use of incentives, including compulsory purchase policies for solar energy.     🔹Omar AlDaweesh, CEO of EDF, outlined the company’s approach to promoting independent power projects with full ownership for fixed terms, emphasizing the importance of clear frameworks to ensure stable returns. He also discussed the growing interest in energy storage solutions and the potential for investment in this sector.     The session underscored the need for effective regulatory frameworks, tax incentives, and policy measures to attract FDI to renewable energy and mining projects, while fostering both economic and environmental sustainability in the face of evolving global challenges.

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aramco completes acquisition of 40% stake in Gas & Oil Pakistan Ltd Pakistan • Investment signals further progress in Aramco’s global retail expansion • Strategic partnership aims to unlock new opportunities for value creation and growth DHAHRAN|MAY 31, 2024 Aramco, one of the world’s leading integrated energy and chemicals companies, has made further progress in its global retail expansion by completing the acquisition of a 40% equity stake in Gas & Oil Pakistan Ltd. (“GO”). GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1,200 retail fuel stations. The acquisition, first announced in December 2023, represents Aramco’s first Downstream retail investment in Pakistan and signals the Company’s growing retail presence in high-value markets. In March, Aramco also acquired a 100% equity stake in Esmax Distribución SpA (“Esmax”), a leading diversified downstream fuels and lubricants retailer in Chile. Yasser Mufti , Aramco Executive Vice President of Products & Customers, said: “Our global retail expansion is gaining pace and this acquisition is an important next step on our journey. Through our strategic partnership with GO, we look forward to supplying Aramco’s high-quality products and services to valued customers in Pakistan. We are also delighted to welcome another high-caliber addition to Aramco’s growing network of global partners, and look forward to combining our resources and expertise to unlock new opportunities and further grow the Aramco brand overseas.” Energy Update Magazine Oil and Gas Industry News Zaheer Baig

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Tune in for the "Tracking UAE Consensus Energy Outcomes - Report Launch," part of the COP29 Pre-COP agenda! The COP29 Presidency is co-hosting the session with IRENA and COP28 UAE, and the Report will provide a status update on the implementation of the UAE Consensus energy outcomes, with a focus on the global target of tripling renewable power and doubling energy efficiency as well as discuss the details of the energy transition enablers. Watch live here: https://lnkd.in/eed6zfSS #COP29 #COP29Azerbaijan #PreCOP #PreCOP29 #EnhanceAmbition #EnableAction

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Energy transition is high on the agenda for the GCC states, and FDI announcements point to Gulf states committing substantial project finance to Africa's renewable energy industry, including solar and green hydrogen projects. Discover other industries in Africa that the GCC states are investing in with EIU’s free report: http://econgrp.co/zP Looking to deepen your understanding of industry trends? Explore our Country Analysis service, offering comprehensive industry data and analysis across six sectors and 26 subsectors. Request a bespoke demonstration to enhance your understanding of industry trends and optimise your business strategies: http://econgrp.co/zO

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The landscape for green hydrogen is evolving.   While hydrogen has faced challenges, notably on costs, recent progress in green hydrogen initiatives signal growing momentum. The Actis-Fortescue consortium to develop 4.5GW of renewables for green hydrogen production in Oman is a case in point. James Mittell, Director, Energy Infrastructure at Actis, discusses green hydrogen in Infrastructure Investor and highlights why this project makes sense, with realistic goals, strong policy support, and targeted applications in hard-to-decarbonise sectors like steel.   Read the full article here: https://lnkd.in/dvHhuDzF   #SustainableInfrastructure #SustainableInvesting #InfrastructureInvesting

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From meeting emissions reduction targets to diversifying their economies, GCC countries are leveraging their significant Sovereign Wealth Funds to play a central role in the world’s transition to renewable energy.   Read Consulum Chief Economist, Duncan Mayall’s, analysis of the way GCC SWFs are shaping the future of renewable energy. Find the link to the article in the comments.

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New Oxford Institute for Energy Studies presentation: National Energy Companies in the GCC: Context and Strategies 📈 The presentation discusses how National Energy Companies’ (NECs) strategies in GCC being shaped by multiple factors. These include: 💠 Domestic context (diversification, economic structures, resource endowments) 💠 Global Shocks (Geopolitical fragmentation, Russia-Ukraine war) 💠 Global trends (energy transition, decarbonization pathways) 📈 The presentation also discusses some key NECs’ strategies. These include: 💠 Increase exposure to upstream (particularly gas) 💠 Integrate down the value chain (refining-almost complete, petrochemicals, materials) 💠 Enhance trading capabilities 💠 Internationalize (mainly in LNG sphere) 💠 Decarbonize (CCS, green ammonia, hydrogen) #oil #gas #energytransition #strategy #decarbonization #nationalenergycomapnies

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Our CEO Jonathan Maxwell spoke with LBC’s Ali Miraj about the pressing need to deliver commercially sustainable, energy efficient projects that help tackle climate change and the global energy crisis: https://lnkd.in/eCVFmi_s   Listen to the full discussion here (23 November, time stamp: 2:05:50): https://lnkd.in/eJpwXfY7

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#DAC (direct air capture) startup Spiritus has been selected by $2 trillion Saudi oil major aramco to explore advancing its novel DAC technology which has a "tenfold increase in adsorption efficiency compared to existing methods." #sustainability #energytransition #CO2 #carbon #decarbonization #decarbonisation #carboncapture #ccs #ccus #carbonremoval #directaircapture

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This is great as each time a renewable energy production project happens it gets us closer to our energy transition to renewables. #greenhydrogen #hydrogeneconomy #renewableenergy #energytransition

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We are back from ADIPEC Exhibition and Conference 2024. This year more than ever ADNOC Group wanted to highlight and catalize the attention to #ai, and the link this company and UAE is creating with #energy transition. AI has the power to accelerate it, to dramatically improve upstream operations as well as downstream, and productivity in general. All of this won’t come as free: an average AI/GenAI query burns ten times more energy than a standard web search, so the amount of energy required to have AI working will be a necessary part of the equation in selecting the right applicability. Finally, ADNOC believes “AI won’t replace people. AI will replace people not using AI”, so aiming to massively upskill workers in this domain.

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To match the urgency of our climate emergency, we must find ways to accelerate the deployment of cutting-edge carbon management technologies, especially for hard-to-abate emissions.   📢 Our CEO Jennifer Holmgren shares valuable insights in her latest article for World Economic Forum. Learn about the 4 key lessons from the renewables playbook for today’s clean infrastructure boom here:

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Join the ADIPEC Exhibition and Conference Strategic Conference session titled 'Meeting escalating global energy demand whilst transitioning to a low carbon energy system’, where global CEOs from bp , Shell , Eni and PETRONAS will share insights into how they are balancing business priorities whilst meeting the rapidly increasing energy demand and the realities of climate change. Marking 40 years of energy leadership, ADIPEC 2024 will unite the entire energy ecosystem to enable innovation and accelerate action to drive the transition and deliver global impact. Hear diverse perspectives from global thought leaders across 10 conferences and 370+ sessions. Book your delegate pass to join the conversation at the ADIPEC Conferences from 4-7 November: https://bit.ly/3zgNRRV #ADIPEC #ADNOC #EnergyTransformation #Decarbonisation #AI #DigitalTransformation #Hydrogen #EnergyInvestment

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