Under the Global Decarbonisation Accelerator (GDA) announced at COP28, 50 companies, representing more than 40% of global oil production, have signed the Oil and Gas Decarbonization Charter (OGDC), committing to near-zero upstream methane emissions, ending routine flaring by 2030, and total net-zero operations by 2050 at the latest
Energy Transition
Bahrain unveils new National Energy Strategy
Bahrain has unveiled its National Energy Strategy, with the objective of achieving a 30% reduction in emissions by 2035 and net-zero emissions by 2060, in line with its COP26 goals
COP28 opens in Dubai with calls for urgent action to address climate crisis
The United Nations Climate Change Conference COP28 has opened with a resounding call to accelerate collective climate action
PDO announces pilot project to utilise CO2 for EOR
Petroleum Development Oman (PDO) has announced the commencement of an extended pilot dedicated to utilising CO2 for enhanced oil recovery (EOR) in the north of the Sultanate of Oman
US$13.5 trillion needed by 2050 to decarbonise hard to abate industries: WEF
A new report from the World Economic Forum finds that US$13.5 trillion in investments will be needed by 2050 to transition to a more sustainable and carbon-neutral future, particularly in the production, energy and transport sectors