Podcasts about adnoc

Der DAX erklimmt neue Höhen, getrieben von sinkender US-Inflation und Hoffnungen auf Zinssenkungen. Microsoft baut Tausende Stellen ab, ADNOC darf Covestro übernehmen. Munich Re, Bayer und Fraport liefern gemischte Zahlen. Der Euro gewinnt leicht. Dazu spannende Stimmen: Kryptokenner Markus Miller, Börsenprofi Bastian Bosse, Messechef der Invest, Charten Storck und Rolf Pieper. Der Börsentag im kompakten Überblick mit Andreas Groß.

De wonderen zijn de wereld nog niet uit. Sloot Trump gisteren ineens een handelsdeal met de Britten, dit weekend gaat 'ie heel ver voor een deal met de Chinezen. Zo ver zelfs dat 'ie bereid is de tarieven drastisch te verlagen.Ze staan er in China zelf ook van te kijken. Waarom wil Trump zo graag? We bespreken het deze aflevering. Dan hoor je ook waarom China het (ondanks die handelsoorlog) extreem veel exporteert. Sterker nog: de binnenlandse vraag valt nauwelijks terug. Verder vertellen we je over BP. Het aandeel zit in een diep dal en dat zet concurrenten aan het denken. Die zijn allemaal aan het berekenen of zij de Britse oliereus willen overnemen. Shell zegt dat het ze niet waard is, maar is dat ook echt zo? We hebben het ook over de Duitse beurs. Beleggers daar hebben een nieuwe bondskanselier en die zal dit succes vast willen claimen: de DAX-index tikt namelijk een nieuw record aan. En Elon Musk vindt de 260.000 ontslagen die hij bij de Amerikaanse overheid regelde nog niet genoeg. Hij heeft een stukje software ontwikkeld die zijn taken daar kan overnemen. En we blikken terug op de week waarin Jelle eindelijk analisten meekreeg in zijn enthousiasme over Disney. Ook een beursweek waarin Ahold zei geen last te hebben van de handelsoorlog. En die waarin de eerste deal in die oorlog gesloten werd.See omnystudio.com/listener for privacy information.

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley discusses a range of key energy topics, including the U.S. LNG industry's growth as a leading export, with Secretary Chris Wright highlighting its future dominance. He touches on U.S. oil companies reducing interest expenses while focusing on fiscal responsibility, Japan's MOL expanding its LNG fleet, and India's HPCL and ADNOC securing an LNG supply deal. Turley also emphasizes the importance of BP's partnership with Woodside for Louisiana LNG and the need for increased shipbuilding to support U.S. LNG exports. Additionally, he raises concerns about energy challenges in California, drawing comparisons to European grid issues.Highlights of the Podcast 00:00 - Intro 01:46 - U.S. LNG will be the United States' largest export product – Secretary Chris Wright04:47 - U.S. oil companies spent less on interest over the last decade despite higher rates07:27 - MOL's LNG fleet continues to expand09:50 - India's HPCL, Adnoc ink LNG supply deal12:42 - BP to supply feed gas to Woodside's Louisiana LNG15:24 - OutroPlease see the links below or articles that we discuss in the podcast.U.S. LNG will be the United States' largest export product – Secretary Chris WrightU.S. oil companies spent less on interest over the last decade despite higher ratesMOL's LNG fleet continues to expandIndia's HPCL, Adnoc ink LNG supply dealBP to supply feed gas to Woodside's Louisiana LNGFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

Pope Francis has died at his residence in the Vatican. US air strikes on Sanaa killed at least 12 people and wounded 30 overnight into Monday. Adnoc has signed new supply agreements with Chinese companies. On today's episode of Trending Middle East: The lasting legacy of Pope Francis in the Middle East President Sheikh Mohamed pays tribute after death of Pope Francis US air strikes on Sanaa kill at least 12, Yemen's Houthis say Adnoc signs UAE's largest LNG supply agreement with China This episode features The National's Editor-in-Chief, Mina Al-Oraibi.

HEADLINES:- UAE set to use AI to write laws in world first- Adnoc on shortlist to buy Shell South Africa fuel stations- B'Laban's Facebook Account Announces the Reopening of Its Branches in Saudi Arabia- Tourism to hit 13% of Abu Dhabi's GDP in 2025, 13% of Total GDP- Dubai's RTA inks MoU with China's Baidu to launch trials of self-driving taxis

*Key news articles for today* The government is expected to raise fuel prices in April as it works to phase out fuel subsidies. The anticipated move is part of the government's plan to have energy prices reach cost recovery levels by the end of the year. The committee is expected to raise prices by EGP1-1.25 to narrow the gap between selling prices and production costs, the source said. Diesel is set to continue to be sold at a subsidized price, while butane gas cylinders will also continue to receive a significant subsidy, Prime Minister said in last week's presser. The state recorded a primary surplus of EGP330 bn in the eight months between July 2024 and February 2025, Finance Minister said. Meanwhile, tax revenues rose 38.4% y-o-y during the eight months, marking its highest growth rate in years. Indian energy transmission and cable manufacturing company Sterlite Power is mulling a USD5-6 bn electricity grid specifically for green hydrogen projects.China's Xinyi Glass is looking to set up a USD700 mn solar panel glass manufacturing facility in the Suez Canal Economic Zone. The plant, which will be built over two phases, is expected to produce 1.5 mn tons of solar panel glass and 1.1 mn tons of high-purity silica sand annually. The majority of output will be exported.Arceus, a joint venture between BP and ADNOC subsidiary XRG, is in advanced negotiations to buy Shell's 50% stake in the Harmattan gas field in the Mediterranean, with BP holding the remaining stake.Banque Misr and the National Bank of Egypt reduced interest rates on their high-interest USD certificates of deposit by 0.5 percentage points yesterday, USD certificates now offer annual returns of 7.5% and 5.5%.The FRA gives access to 5 non-banking financial institutions, including HRHO subsidiary - ValU, to provide their services through Fintech platforms after contracting with Vlens Co.HRHO is proposing to distribute a portion of FY24 profits to its shareholders, in the form of shares of U Consumer Finance Company (ValU) at par value, rather than cash dividends. This will occur after the completion of the ownership restructuring procedures for U Consumer Finance Company and the approval from the OGM. 

07 Feb 2025. We get the latest from Jayati Ghosh, Professor of Economics at University of Massachusetts Amherst. And, it's earnings season - we speak to the CFO of Adnoc gas about their numbers. See omnystudio.com/listener for privacy information.

NESTA EDIÇÃO. Lula sanciona PL das eólicas offshore com vetos a emendas. As tendências para o mercado livre de energia em 2025. Transpetro avalia entrada em projeto de infraestrutura portuária no ES. Seacrest consegue liminar para suspender pagamentos à Petrobras por campos maduros. Em missão no Oriente Médio, Silveira debate investimentos com Adnoc e assina acordo para minerais críticos com Emirados Árabes. Cientistas confirmam que 2024 foi o ano mais quente já registrado.

Headlines: - Mubadala Overtakes PIF as World's Top Wealth Fund Spender- Neom's Air Taxi Partner Volocopter Files for Insolvency- Adnoc to Boost UAE Economy with $54 Billion Investment Plan

Welcome to The Hydrogen Podcast!Episode 375, In this episode of The Hydrogen Podcast, host Paul Rodden delves into ExxonMobil's groundbreaking Baytown project, set to become the world's largest low-carbon hydrogen facility, highlighting its potential to transform industrial sectors and reinforce the U.S. as a leader in blue hydrogen production. Additionally, he explores the EU's second renewable hydrogen auction, emphasizing its role in accelerating decarbonization technologies and enhancing the region's leadership in the global hydrogen market.Thank you for listening and I hope you enjoy the podcast. Please feel free to email me at info@thehydrogenpodcast.com with any questions. Also, if you wouldn't mind subscribing to my podcast using your preferred platform... I would greatly appreciate it. Respectfully,Paul RoddenVISIT THE HYDROGEN PODCAST WEBSITEhttps://thehydrogenpodcast.comDEMO THE H2 ADVANTAGEhttps://keyhydrogen.com/hydrogen-location-analytics-software/ CHECK OUT OUR BLOGhttps://thehydrogenpodcast.com/blog/WANT TO SPONSOR THE PODCAST? Send us an email to: info@thehydrogenpodcast.comNEW TO HYDROGEN AND NEED A QUICK INTRODUCTION?Start Here: The 6 Main Colors of HydrogenSupport the show

Der DAX verlor 1,4 % und schloss bei 19.970 Punkten, im Tagestief war es bei 19.959. Der EUROSTOXX50 büßte 1,6 % ein und landete bei 4877 Punkten. An der Wall Street eröffnete der Dow Jones mit +1 % bei 42.717 Punkten. Die gestrige Fed-Sitzung brachte eine Wende: Zinssenkungen bleiben Thema, aber datenbasierte Entscheidungen stehen künftig im Fokus. Für 2025 deutet sich eine Pause im Zinssenkungszyklus an. - Firmen im Fokus: Adnoc erwirbt 91,3 % der Covestro-Aktien und zwingt den Konzern zum DAX-Austritt. Novartis schließt Morphosys bis 2025, betroffen sind 330 Arbeitsplätze. Douglas erwartet für 2024/25 bis zu 4,8 Mrd. Euro Umsatz und plant deutliche Gewinnsteigerungen. Würth rechnet mit einem Gewinneinbruch von 25–30 % und leicht sinkendem Umsatz für 2024. Apple und Meta streiten über das europäische Digitalmarktgesetz. Die Bank of England belässt ihren Leitzins bei 4,75 %. Spruch des Tages von Wolfgang Juds: "In der Euphorie vergessen die Anleger ihre Vorsicht - und in der Krise vergessen sie ihren Mut."

Новости на радио «Русские Эмираты» в Дубае: - Международный аэропорт Дубая (DXB) готовится к пиковым нагрузкам в период зимних праздников – в период с 13 по 31 декабря главная воздушная гавань Дубая обслужит 5,2 млн пассажиров. - Объединенные Арабские Эмираты, а именно государственная нефтекомпания Абу-Даби ADNOC, намерены в начале 2025 года сократить экспорт нефти некоторым клиентам в Азии.

Chinese steelmaker Wu'an Xin Feng has a plan to set up a USD1.7 bn integrated industrial complex in the Suez Canal Economic Zone (SCZone). Egypt's oil subsidy bill for the current fiscal year is expected to surpass EGP200 bn, significantly higher than the EGP154 bn initially allocated, a source said.Prime Minister Moustafa Madbouly met with Saudi Industry and Mineral Resources Minister Bandar Alkhorayef yesterday, where they agreed to include the sectors of petrochemical, pharma, and automotive in the broader agreements signed between the two countries back in October, according to statements from both nations. Industry Minister Kamel El Wazir confirmed in the meeting that the animal feed industry has become eligible to participate in the subsidized loan program that offers businesses loans at a 15% interest rate, nearly half the central bank's post-float 28.25% lending rate.The ministerial group for industrial development greenlit the proposal to not renew industrial licenses for any factory situated in residential areas or unplanned industrial areas.The House approved a USD 2 bn loan from Emirates NBD, Standard Chartered, and a number of other banks. The Ministry of Finance agreed to provide marketing support worth EGP3.5 billion, for about 1.5 to 1.6 million quintals of blossom cotton produced this season, noting that the support came due to the cessation of auctions of the government cotton marketing system.The Industry Ministry is mulling a five-year, USD250 mn plan to develop state-owned EGAL (FV: EGP155.00, OW), according to a statement following a meeting of the ministerial group for industrial development. The Financial Regulatory Authority has given its approval for ESRS to begin procedures for delisting its shares from the EGX, with the board-approved decision to now be put forward to a general assembly.The Financial Regulatory Authority approved the Social Impact Capital Limited (SIC) mandatory tender offer to acquire 48.78% of CIRA at a share price of EGP15. HDBK BoD approved Increasing the authorized capital from EGP10 billion to EGP30 billion and to distribute one free share for each original share from the general reserve amounting to EGP 6.507 billion as of Sep-end 2024, emphasizing that this balance does not include any of the profits achieved during the fiscal year ending on Dec 2024) so that the issued and paid-in capital after the increase becomes EGP 10.626 billion instead of EGP5.313 billion. CICH announces the successful exit of its strategic stake in Taaleem Management Services, after a five-year holding period.The exit delivered exceptional returns, generating four and a half times the equity invested and achieving an IRR of approximately 50%.CNFN partners up with Engazaat to ensure small farmers and support them in establishing sustainable farming practices in the Al Moghra region of the Western Desert. BTFH's subsidiary, Beltone Leasing and Factoring announces its membership in FCI, the leading representative body for factoring and financing open account trade receivables.BP and the Abu Dhabi National Oil Company's (Adnoc) investment arm, XRG, finalized the establishment of Arcius Energy, a joint venture aimed at expanding natural gas operations in Egypt, according to a joint press release. The Oil Ministry is aiming to increase gas production by 400-500 million cubic feet per day by March 2025. Industry experts expect an increase of 280% in the total value of throughput of PoS between 2021 and 2024, reaching EGP640 billion by the end of this year.

AI dominated discussions at Adipec this year, with Adnoc head Sultan Al-Jaber singling it out as one of three megatrends. Siemens Energy VP Kirsten Roden sat down at the show with editor Ed Reed to set him right on AI's possibilities and potential for new thinking around demand planning.

Christmas may be looming but the news just keeps on coming! In this festive video special edition of Energy Voice Out Loud Ryan discusses CCS permits, Erikka tackles North Sea shenanigans and Mat chats about Bernard Looney's return to energy.  The week saw the NSTA grant a UK first CCS permit that will allow the infastructure to be installed at the East Coast Cluster. This came about as the Northern Endurance Partnership made a final investment decision on the Tack 1 winning carbon storage development.  Erikka had one hell of a morning rounding up Serica's acquisition of Parkmead assets, “serious misconduct”'s farm down of its Earlham and Orwell developments and Connaught selling out of UK gas field to Reabold. One thing's for certain, the UK North Sea is going to be a much different beast in 2025.  Finally, Mat has been looking into former BP CEO Bernard Looney's return to energy as he was appointed to the board of board of ADNOC subsidiary XRG. Looney left BP amid scandal involving personal relationships with with colleagues and misleading the company's board but is set to make a return following his appointment to a tech firm earlier in the year. 

Der arabische Ölkonzern könnte seine Anteile von 70 Prozent bald noch stark ausbauen. Was Aktionäre dazu wissen sollten. Außerdem: Strategien für Tages- und Festgeld.

Headlines: - Bitcoin MENA: The UAE's Role in Shaping the Future of Cryptocurrencies- ADNOC Unveils XRG: A $80 Billion Global Energy and Chemicals Leader- Talabat Upsizes IPO to 20% Amid Surging Investor Demand

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, delivers a rundown of key energy industry updates on November 12. He highlights President Trump's selection of former Congressman Lee Zeldin to lead the EPA, expected to champion deregulation and economic growth while maintaining environmental standards. Turley discusses rising U.S. natural gas prices, driven by colder weather and reduced wind output, and reviews strong Q3 results and strategic expansions from ADNOC and QatarEnergy in global gas investments. He also comments on the covert transfer of Russian oil near Spanish waters and criticizes overregulation and dollar weaponization by the current U.S. administration, expressing optimism for a robust 2025.Highlights of the Podcast00:00 - Intro01:15 - Trump Picks Former Congressman Lee Zeldin to Lead EPA02:48 - Analysts Explain Why USA Natural Gas Price is Rising04:16 - ADNOC Gas posts strong Q3 results; Board approves strategy update05:25 - QatarEnergy Buys Stake in Chevron-Operated Block Offshore Egypt06:40 - Russian Oil Gets Flipped Between Tankers Near Spanish Exclave of Ceuta08:41 - OutroPlease see the links below or articles that we discuss in the podcast.Trump Picks Former Congressman Lee Zeldin to Lead EPAAnalysts Explain Why USA Natural Gas Price is RisingDNOC Gas posts strong Q3 results; Board approves strategy updateQatarEnergy Buys Stake in Chevron-Operated Block Offshore EgyptFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

Headlines:- ADNOC, Masdar, and Microsoft Team Up to Drive AI and Low-Carbon Innovations- Big Influx of Foreign Talent has Pushed Down Starting Salaries in the UAE- Saudi Arabia Ranks 12th Globally in International Tourist Spending, Hitting $36 Billion Milestone

Headlines:- ADNOC and AIQ Launch ENERGYai: A First-of-Its-Kind Agentic AI for Global Energy Transformation- Russia Begins Importing Butter from UAE and Turkey to Control Price Surge- PIF and Hong Kong Monetary Authority Establish $1 Billion Fund, Announce Multiple Partnerships- Insider Plans AED 462 Million Investment in the UAE Following USD 500 Million Series E Round

Im Mittelpunkt der Kommentare steht die geplante Übernahme des Leverkusener Kunststoffherstellers Covestro durch den staatlichen Ölkonzern Adnoc aus den Vereinigten Arabischen Emiraten. www.deutschlandfunk.de, Wirtschaftspresseschau

Erfahre hier mehr über unseren Partner Scalable Capital - dem Broker mit Flatrate und Zinsen. Alle weiteren Infos gibt's hier: scalable.capital/oaws. Aktien + Whatsapp = Hier anmelden. Lieber als Newsletter? Geht auch. Das Buch zum Podcast? Jetzt lesen. Adnoc will Covestro, US-Häfen haben Streik, Maersk und Hapag-Lloyd freut's nicht, Nike ist durchwachsen, Super Micro Computer hat Aktiensplit. Uranabbau oder Forstbetriebe, die Welt der exotischen ETFs ist groß. Aber bringen sie auch Rendite? Der Lieblingslieferdienst der Amis heißt DoorDash (WKN: A2QHEA) ist 60 Mrd. $ schwer und kann 94% der USA beliefern. Doch geht das auch profitabel? Diesen Podcast vom 02.10.2024, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

Holz, Dorothee www.deutschlandfunk.de, Wirtschaft und Gesellschaft

Der Kunststoffkonzern Covestro und der Ölkonzern Adnoc aus Abu Dhabi haben einen Übernahme-Deal vereinbart. Außerdem: Alles Wichtige zu Israels Bodenoffensive im Libanon

Un'ammenda per una correzione: la settimana scorsa ho parlato di Covestro, oggetto dell'interesse della compagnia petrolifera emiratina ADNOC. L'azienda che produce, distribuisce e commercializza polimeri plastici non è uno spin-off di BASF, ma di Bayer, l'altro colosso chimico tedesco, agli onori delle cronache più recenti per l'acquisizione della Monsanto, che sinora è costata a Bayer miliardi di spese per le cause intentate negli Stati Uniti. Torniamo alle novità principali della settimana: il taglio dei tassi da parte della Fed e la nuova Commissione Europea. Al super falco Dombrovskis, oltre a tutti i dossier economici, spetteranno produttività e semplificazione, due grandi capitoli dell'analisi impietosa di Draghi. Poi c'è energia e Green Deal, affidati alla spagnola Ribera, unica socialista di peso nel blocco della Commissione. Alla lotta contro l'elusione e l'evasione fiscale va l'ex ministro delle finanze olandese Wopke Hoekstra, che rimarrà anche commissario per il clima. Hoekstra è stato azionista di una società offshore coinvolta nello scandalo dei Panama Papers: dai documenti emerse che l'allora ministro delle finanze aveva avuto per anni un interesse in una società delle Isole Vergini Britanniche, che controllava tra l'altro società di safari in Kenya e Tanzania. Il neo commissario dovrà confrontarsi con dossier molto complessi, primo tra tutti quello prodotto dalla storica sentenza della Corte di Giustizia sui benefici fiscali concessi dall'Irlanda ad Apple, che ora dovrà restituire 13 miliardi di euro a Dublino. L'Unione ha perso un round con Google, a cui è stata annullata una multa da 1,5 miliardi di euro comminata da Bruxelles per abuso di posizione dominante nella pubblicità online. Ma le Big Tech non si curano molto delle regole e dei dibattiti connessi al loro predominio. La più aggressiva rimane Microsoft, che ha appena annunciato un piano di investimento comune con BlackRock per investire nell'intelligenza artificiale. Sulla decisione della Fed di tagliare di mezzo punto percentuale il tasso ufficiale di sconto e dello 0,25% i Fed Funds, segnaliamo sempre il commento di Donato Masciandaro, che la scorsa settimana criticava duramente Lagarde e non risparmia critiche pesanti nei confronti del governatore della banca USA. Come titola oggi il Sole, le borse hanno registrato un ennesimo record, ma il taglio della Fed c'entra solo fino a un certo punto, poiché pesa maggiormente l'andamento del PIL. Quel che è certo è che, accanto ai titoli hi-tech, banche e pharma stanno macinando utili. Intermediari finanziari e istituti di credito hanno registrato nel terzo trimestre del 2024 una redditività del 20,6%, a fronte di una crescita del 6,6% del fatturato. Allo stesso modo, l'healthcare, che include Big Pharma e biomedicale, ha visto utili in crescita del 20,4%, con vendite aumentate del 7,7%. Interessante l'analisi europea che contrasta con alcuni punti dell'analisi di Draghi sulla competitività del Vecchio Continente: in testa per redditività ci sono le utility, seguite dalle società finanziarie ed energetiche, mentre le tecnologiche europee sono in drammatica flessione (-29,1%). Draghi sottolineava gli alti costi dell'energia in Europa, imputandoli in gran parte alla speculazione finanziaria e degli operatori, un quadro con cui dovranno fare i conti i nuovi commissari economici scelti dalla von der Leyen. Tornando all'Europa, il tracollo delle vendite di auto dimostra che la crisi del settore ha ben poco a che fare con le regole di Bruxelles per la transizione all'elettrico. Per l'Italia, il segretario della FIOM, Michele De Palma, che da oltre 10 anni segue il comparto dell'auto, lo ha spiegato chiaramente. In parallelo, l'Unione Europea ha perso un round con Google, a cui è stata annullata una multa da 1,5 miliardi di euro per abuso di posizione dominante nella pubblicità online. Tuttavia, le Big Tech non sembrano molto preoccupate dalle regole e dai dibattiti sul loro predominio. Microsoft, la più aggressiva tra loro, ha recentemente annunciato un piano di investimento comune con BlackRock per investire nell'intelligenza artificiale.

Welcome to The Hydrogen Podcast!In episode 348,  In this episode of The Hydrogen Podcast, Paul Rodden discusses ExxonMobil's collaboration with Mitsubishi for a low-carbon hydrogen project in Texas, Australia's $50 billion green hydrogen initiative, TotalEnergies' investment in the Japanese hydrogen fund, and BP and Iberdrola's green hydrogen plant in Spain. These developments highlight the global momentum towards hydrogen as a key driver in the energy transition and the significant investment opportunities emerging in this sector.Thank you for listening and I hope you enjoy the podcast. Please feel free to email me at info@thehydrogenpodcast.com with any questions. Also, if you wouldn't mind subscribing to my podcast using your preferred platform... I would greatly appreciate it. Respectfully,Paul RoddenVISIT THE HYDROGEN PODCAST WEBSITEhttps://thehydrogenpodcast.comDEMO THE H2 ADVANTAGEhttps://keyhydrogen.com/hydrogen-location-analytics-software/ CHECK OUT OUR BLOGhttps://thehydrogenpodcast.com/blog/WANT TO SPONSOR THE PODCAST? Send us an email to: info@thehydrogenpodcast.comNEW TO HYDROGEN AND NEED A QUICK INTRODUCTION?Start Here: The 6 Main Colors of HydrogenSupport the show

Investors snapped up consumer staples such as Coca-Cola and Colgate-Palmolive amid concerns over a potential slowdown in the US economy. Abu Dhabi's oil company Adnoc could offer €14.4bn for German chemical group Covestro, and the European Central Bank cut interest rates to 3.5 per cent. Plus, people in Los Angeles are encouraged to park their car obsession ahead of the 2028 Olympics, and amateur astronauts completed the first private spacewalk. Investors pile into Coca-Cola and Colgate as recession fears grow Abu Dhabi closes in on German group that helped ‘invent chemistry' ECB cuts interest rates to 3.5% Can LA end its love affair with cars? Astronauts complete first private spacewalk The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Peter Wells, Persis Love, Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Siamo di nuovo qui con voi e, nostro malgrado, dobbiamo ripartire dalla Lagarde. Ieri il Consiglio Direttivo ha assunto decisioni già preventivate, ma ha profondamente deluso osservatori e analisti perché non ha fornito alcuna indicazione sul futuro. Non a caso, oggi Renato Masciandaro, professore di economia della Bocconi e un po' il prof. Di Stefano del Sole, ha pesantemente criticato la presidente della BCE. Questo è diametralmente opposto al commento di Federico Dubini sul Corriere, che non solo giustifica le incertezze e i continui tentennamenti della Lagarde, ma traccia anche un bilancio positivo dall'inizio del suo incarico cinque anni fa. La Lagarde ha dovuto commentare il piano Draghi e lo ha fatto con una scelta linguistica che non mancherà di far discutere. Forse non è un caso che proprio ieri a Milano ci sia stata la prima uscita pubblica del predecessore all'Eurotower dopo il lancio del piano. Draghi non si è tirato indietro e ha colto l'occasione per criticare l'incostituzionalità delle retribuzioni penalizzanti per le donne. Qualche timida apertura sul debito comune per finanziare gli investimenti sta arrivando. Comunque, anche la BCE ha tagliato le stime economiche (limatura dello 0,1%), ma il quadro economico rimane molto critico. In questo contesto, c'è tutto il nodo della manovra economica italiana e la presentazione del piano strutturale di bilancio, che avrebbe dovuto essere trasmesso a Bruxelles il 20 settembre. In seguito, i criteri ESG sembrano ormai superati. Forse non sarà così, ma sicuramente i grandi della finanza hanno innestato la retromarcia. La lobby fossile ha messo in campo risorse infinite ed è riuscita, almeno per ora, a far invertire la rotta strategica. Il caso più emblematico è quello di BlackRock, ma sono decine gli annunci di fondi che stanno rivedendo le loro strategie, mentre i big del fossile fanno incetta di aziende. L'annuncio più clamoroso di questa settimana è quello dell'emiratina ADNOC, che ha fatto un'offerta per acquistare Covestro, lo spin-off del colosso chimico tedesco BASF, specializzato nella produzione e commercializzazione di polimeri plastici. Alla sbarra, comunque, le compagnie oil & gas sono coinvolte in cause promosse dagli attivisti del clima. Sono complessivamente 86 i procedimenti giudiziari aperti. Intanto, l'Italia gioca con il nucleare al punto da pensare a un player nazionale, una sorta di azienda di stato formata da Enel, Ansaldo Nucleare e Newcleo, la start-up torinese finanziata dalla Compagnia di San Paolo e già in partnership con Saipem, il gruppo controllato da Eni, tradizionalmente impegnato nelle infrastrutture per il comparto petrolifero. Auto cinesi e scontro sui dazi: i numeri sono impietosi. BYD ha venduto a livello globale 350.000 veicoli elettrici, con una crescita significativa.

Headlines:- Huda Beauty Considers Sale of Fragrance Division Kayali- Dubai Department of Economy and Tourism Partners with Noon to Boost SME Growth- ADNOC Poised for $15.9 Billion Takeover of Covestro- Founder of Web3 Streaming Platform Myco Umair Masoom Usmani 

Headline:  - Dubai's Apparel Group partners with French retail giant Carrefour to re-enter Indian market.- Leon Black Chooses Abu Dhabi for First International Family Office- ADNOC to Supply Indian Oil with LNG for 15 Years

Group CEO Greg Newman discusses the challenges and evolving landscape of the oil derivatives market. He highlights the central role of exchanges in price discovery and liquidity, noting that these exchanges have become the heartbeat of the market.Greg also reflects on the historical dominance of Western financial centres in oil trading but suggests that the future may shift towards other regions, particularly the East. He cites the example of ADNOC's Murban contract and recent moves by Saudi Arabia's Tadawul to acquire Dubai Mercantile Exchange, signalling a broader trend of diversification away from Western dominance.Greg also emphasizes the rising influence of retail investors, particularly in Eastern markets like China, where retail trading has driven significant liquidity growth. He mentions Onyx's strategic initiatives, including a deal with the Jakarta Exchange, to tap into this retail-driven momentum. Greg predicts a seismic shift in the oil derivatives market, with Eastern exchanges and retail investors playing a central role in its future expansion. The global retail market, which could reach $145 trillion by 2027, is poised for radical transformation, driven by the growing importance of retail participation and the emergence of new global trading hubs.

In this episode of the Energy News Beat Daily Standup, the host, Stuart Turley, President & CEO of Sandstone Group, discusses key energy news updates in the Energy News Beat Daily Standup. He covers topics such as UAE's plans to boost oil production to 5 million barrels per day by 2027 using advanced digital technologies, Citi's view that Trump could be bearish for oil due to potential deregulation, Russia's crude oil shipments hitting an 11-month low, and the inefficiencies of wind energy in Texas. Additionally, he critiques Kamala Harris's $5 billion electric school bus program for yielding only 60 buses in three years and highlights Harris's more radical energy policies compared to Joe Biden.Highlights of the Podcast00:00 - Intro01:26 - UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 202702:52 - Why Citi Thinks Trump Is Bearish for Oil04:47 - Russia's Crude Oil Shipments Plunge to 11-Month Low05:54 - Why Don't They Turn the Wind Turbines Up?07:59 - Kamala's Much-Touted $5B Electric School Bus Program Yielded 60 Buses In 3 Years09:36 - Kamala Harris is more radical on her energy policies than Joe Biden!11:13 - OutroPlease see the links below or articles that we discuss in the podcast.UAE Raises Capacity at Offshore Oilfield as It Aims for 5 Million Bpd by 2027July 30, 2024 Mariel AlumitAbu Dhabi's national oil company ADNOC has raised the production capacity at one of its offshore oilfields by 25% using AI technology as the United Arab Emirates looks to boost its total crude oil production […]Why Citi Thinks Trump Is Bearish for OilJuly 30, 2024 Mariel AlumitU.S. oil and gas industry thrived under Biden, with major oil companies doubling profits and energy shares up 117%. Harris likely to continue Biden's policies, while Trump may push for deregulation and increased production, potentially […]Russia's Crude Oil Shipments Plunge to 11-Month LowJuly 30, 2024 Mariel AlumitRussian seaborne crude oil exports have dropped to their lowest level since August 2023, as Russia's refinery runs are rising and Moscow is working to comply with its OPEC+ production quota, tanker-tracking data monitored by […]Why Don't They Turn the Wind Turbines Up?July 30, 2024 Mariel Alumit“Why don't they turn the wind turbines up?” -Inquiring minds want to know There is a truism among wind and solar advocates that these resources are never to blame for anything bad that happens on […]Kamala's Much-Touted $5B Electric School Bus Program Yielded 60 Buses In 3 YearsJuly 30, 2024 Mariel AlumitOne California superintendent says electric buses would take the district back to the ‘Pony Express days'. One of Kamala Harris's highest-profile responsibilities as vice president has been spearheading the federal government's billion-dollar efforts to deploy […]Kamala Harris is more radical on her energy policies than Joe Biden!July 30, 2024 Mariel AlumitKamala Harris is oblivious to humanity's addiction to oil as she is to these two basic facts: (1) No one uses crude oil in its raw form. “Big Oil” only exists because of humanity's addiction to the […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

Eine Studie räumt mit dem Börsenmythos auf, Aktien würden vor Inflation schützen. Und: Chemieriese Covestro kappt Jahresziele nach schwachen Halbjahreszahlen. Eine gute Nachricht für Investoren aus den Vereinigten Arabischen Emiraten?

The Draw for the UAE Adnoc pro league were just released so we reveal the first 2 rounds and where you can watch your favourite UAE team. As the draw was made few hours ago we exclusively revealed it for the first time on Pulse 95 radio for the 2024/25 season. The latest sports news and talking points around the world internationally and locally. Listen to #Pulse95Radio in the UAE by tuning in on your radio (95.00 FM) or online on our website: www.pulse95radio.com ************************ Follow us on Social. www.facebook.com/pulse95radio www.twitter.com/pulse95radio www.instagram.com/pulse95radio www.soundcloud.com/pulse95radio

Headlines: Adnoc Drilling lands a $733 million contract for three island rigsSaudi Arabia's Esports World Cup offers a record $60 million prize fundFinancial Crime in UAE and Saudi Arabia Totals $1.8 Billion in 2023, Report Says

Dr. Sultan Al Jaber is the President of COP28, the UN Climate Change Conference hosted by the UAE last year. He's also the CEO and Managing Director of the Abu Dhabi National Oil Company (ADNOC), where he leads efforts to produce cleaner energy today and invests in sustainable energy solutions for the future. In this episode, Dr. Sultan shares how his leadership united diverse stakeholders to adopt the UAE Consensus. He also discusses the deep interconnectedness between AI and green energy, and how each can propel the other forward.

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss key headlines including Adnoc's significant LNG export project in the UAE, the environmental benefits of U.S. LNG shipped to Asia compared to coal, the construction of the largest new U.S. refinery in 50 years by Houston Energy Company, Citibank's forecast of a potential oil price drop to sub-$60, and Matador Resources' $1.9 billion acquisition to enhance its Delaware Basin acreage. They also cover the Federal Reserve's decision to maintain interest rates, a surprising EIA crude oil inventory build, and Berkshire Hathaway's increasing stake in Occidental Petroleum.Highlights of the Podcast00:00 - Intro01:29 - ADNOC Moves Ahead With Huge LNG Export Project in UAE03:16 - U.S. LNG Shipped to Asia Is Still Cleaner Than Coal05:15 - Houston energy company to build largest new refinery in half a century06:39 - Citi Says Oil Could Crash to Sub-$60 Level10:42 - Markets Update13:45 - Matador Resources Company Announces Strategic Bolt-On Delaware Basin Acquisition19:31 - OutroPlease see the links below or articles that we discuss in the podcast.ADNOC Moves Ahead With Huge LNG Export Project in UAEJune 12, 2024 Mariel AlumitAbu Dhabi's national oil company ADNOC has taken the final investment decision to move forward with the Ruwais LNG project, which will more than double the existing LNG production capacity in the United Arab Emirates. […]U.S. LNG Shipped to Asia Is Still Cleaner Than CoalJune 12, 2024 Mariel AlumitUS LNG shipped to Asia has a lower value-chain emissions footprint than coal-fired power generation, even over long distances. Uncertainties regarding methane emissions and variations in emissions intensity between different sources and types of LNG […]Houston energy company to build largest new refinery in half a centuryJune 11, 2024 Mariel AlumitA Houston company will construct the largest new refinery in the last 50 years in Brownsville, Texas. Element Fuel Holdings LLC is spending between $3 and $4 billion on the project, which will produce more than 160,000 […]Citi Says Oil Could Crash to Sub-$60 LevelJune 12, 2024 Mariel AlumitCiti analysts have painted a bleak picture for the oil market, forecasting a significant price drop by 2025. According to their latest note, they anticipate a decline to $60 per barrel for Brent crude, marking […]Matador Resources Company Announces Strategic Bolt-On Delaware Basin AcquisitionJune 12, 2024 Mariel AlumitDALLAS–(BUSINESS WIRE)–Jun. 12, 2024– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, LLC (“Ameredev”), including certain […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

Headlines ADNOC Redeems $1.199 Billion Bonds, Maintains Full Ownership of ADNOC DistributionUAE-based prop-tech Stake closes $14M Series AElon Musk to ban apple devices over open ai integration

In this episode of the Energy News Beat Daily Standup, the host, Michael Tanner and Stuart Turley, discuss a variety of energy-related topics. They begin with controversial comments from the Duke of Edinburgh criticizing wind farms, before moving on to discuss rising US gasoline prices, challenges with electric vehicle (EV) repairs due to a mechanic shortage, and a failed large-scale renewable energy project in Morocco. Additionally, they touch on geopolitical tensions, such as an Iranian drone attack on Israel and adjustments in oil production affecting global markets. They also explore domestic US issues including the Biden administration's decision to raise royalties and leasing costs for drilling on federal lands, and the potential consequences of a project in South Texas on local water supplies. Throughout the episode, they intertwine financial insights, market trends, and political critiques, particularly concerning energy policy and environmental impacts.Highlights of the Podcast00:00 - Intro02:06 - Wind farms are useless, says Duke of Edinburgh04:21 - Investors Bet On Further Rise In US Gasoline Prices07:10 - EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs11:00 - The largest renewable energy project in history fails: only desert is left and we have lost $2 billion14:08 - Water scarcity and clean energy collide in South Texas21:20 - U.S. Drilling Activity Continues to Drop Off22:51 - Oil and gas companies must pay more to drill on federal lands under new Biden administration rule28:47 - ADNOC considered acquiring bp following major purchases by IOCs like ExxonMobil, Chevron32:46 - OutroPlease see the links below or articles that we discuss in the podcast.Wind farms are useless, says Duke of EdinburghApril 14, 2024 Stu TurleyIn a withering assault on the onshore wind turbine industry, the Duke said the farms were “a disgrace”. He also criticised the industry's reliance on subsidies from electricity customers, claimed wind farms would “never work” […]Investors Bet On Further Rise In US Gasoline PricesApril 14, 2024 Stu TurleyBy John Kemp, senior energy analyst at Reuters Portfolio investors have amassed one of the largest bullish positions in U.S. gasoline futures and options since before the coronavirus pandemic, anticipating that prices will continue climbing over […]EVs Head for Junkyard as Mechanic Shortage Inflates Repair CostsApril 14, 2024 Stu TurleyElectric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, whereThe largest renewable energy project in history fails: only desert is left and we have lost $2 billionApril 13, 2024 Stu TurleyA renewable energy project that promised to change history seems to have failed. At the moment, there is only desert and an apparent loss of 2 billion dollars. Human beings are going through a period of energy […]Water scarcity and clean energy collide in South TexasApril 13, 2024 Stu TurleyChemical company Avina Clean Hydrogen Inc. has purchased the last available water supply from the Nueces River of South Texas, raising concerns of regional scarcity as reservoirs dwindle and drought persists. Avina's Nueces Green Ammonia plant plans […]U.S. Drilling Activity Continues to Drop OffApril 12, 2024 Stu TurleyThe total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday, falling by 3. U.S. drillers saw […]Oil and gas companies must pay more to drill on federal lands under new Biden administration ruleApril 12, 2024 Mariel AlumitWASHINGTON (AP) — Oil and gas companies will have to pay more to drill on federal lands and satisfy stronger requirements to clean up old or abandoned wells under a final rule issued Friday by […]ADNOC considered acquiring bp following major purchases by IOCs like ExxonMobil, ChevronApril 11, 2024 Mariel Alumit(WO) – On Thursday, April 11, Reuters reported that Abu Dhabi National Oil Company (ADNOC), the UAE's state-owned oil and gas company, previously pursued acquiring Britan's energy giant, bp. According to “people familiar with the […]Follow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB Substack– Get in Contact With The Show –

28 Mar 2024. We have the latest on the new ADNOC oil field which has started production at the offshore Belbazem oil field, which will pump up to 45,000 barrels per day. We also speak to Capt. Zarir S. Irani, Managing Director, Constellation Marine Services about the fears that have been raised around potential disruption to global supply chains following the Baltimore bridge collapse. Plus, Dubai is contemplating the possibility of an initial public offering (IPO) for construction firm ALEC Engineering & Contracting, amidst a surge in its real estate sector as property prices in the emirate hit near-record levels, reported Bloomberg. Ziad Awad, Founder and CEO, Awad Capital explains what could happen. And, 1.2 Million people visited Louvre Abu Dhabi last year. Manuel Rabaté, Director, Louvre Abu Dhabi explains how many of the visitors were UAE residents, and how many were tourists.See omnystudio.com/listener for privacy information.

Video marketing is an important piece of your marketing plan. While often misunderstood, with the right strategy (and guidance from the right agency!) you'll soon see why it's so important.That's why we are so excited to have Komal Chaturvedi, Co-Founder and CEO of MotionGility - to talk to us All About Video Marketing.Komal Chaturvedi is a co-founder and CEO at MotionGility, an animated explainer video company based in India. She started her journey working with an MNC, and now her agency works with international brands, helping them achieve their marketing goals through animated explainer videos.She co-founded MotionGility in 2015 and, in no time, expanded the services to the USA, UK, and Canada.Under her leadership, MotionGility has empowered its staff to strive for excellence in the delivery of its services. With a team based in Indore as well as Pennsylvania in the US, they have managed to work with global brands like ADNOC, Pfizer, HDFC, Nissan, Unilever, AutoDesk, and many more.Komal covers:Starting with video marketing 5:06Picking the right agency to do videos for you 7:45Creating a long-term video strategy 13:35Creating a timeline for video creation 15:28Understanding different video styles and messaging per platform 23:08You can find Komal at https://motiongility.com/ and on LinkedIn.If you liked this episode, please leave us a review on Apple Podcasts!

15 Feb 2024. We've got the latest from Narendra Modi and Shah Rukh Khan, who've been speaking at the World Government Summit this week, as well as reaction from Dan Richards, senior economist at Emirates NBD, on what we can draw from corporate reports about the macro economy as earnings season comes to a close. Eight out of 10 of employers in the UAE plan to give pay rises this year, according to recruitment firm Hays. Oliver Kowalski of Hays explains where the "sweet spots" are, with rises of up to 30%. Plus, the CEO of Al Ansari Exchange tells us why remittances are falling, despite a growing expat population. And, we'll hear from Sean Evers, Founder & Managing Partner, Gulf Intelligence about Adnoc and BP's latest joint venture in Egypt that will focus on the development of gas assets.See omnystudio.com/listener for privacy information.

The final agreement signed at the COP28 climate summit marked a significant step forward, addressing for the first time the need to transition away from fossil fuels. Among its signatories were oil-and gas-rich nations in the Middle East, many of whom currently center their economies around the export of fossil fuels. But what are these countries' clean energy plans, and do they have alternative business models to offset the potential losses from a greener future? On today's show, Dana sits down with Philip Geurts, an analyst from BloombergNEF's oil team, to talk about the Middle East. Together, they discuss OPEC+ and the significant output cuts from some of its members, the debate over when and if peak oil demand will be reached, and whether hydrogen offers the region a realistic path away from fossil-fuel production. Complimentary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app. Links to research notes from this episode: Fossil Fuels Are Raking in Investments in Emerging Markets - https://www.bnef.com/shorts/s53df5dwx2ps00?context=eyJjb250ZW50VHlwZSI6InNob3J0IiwicmVnaW9uIjpbXSwic2VjdG9yIjpbIjJkNjM3YWE4NDExYjNiMjUiLCIyZDYzN2FhODQxMWI0YjA5Il0sImF1dGhvciI6W119 Hydrogen Hard-Pressed to Become Pillar of Big Oil's Future - https://www.bnef.com/insights/32349/view $290 Billion Oil Cash Edge Allows Late Mideast Transition - https://www.bnef.com/insights/32111  See omnystudio.com/listener for privacy information.

Leaked documents from the team leading the COP28 climate talks now underway in Dubai point to corporate coopting of the UN climate negotiations. COP28 President Sultan Al Jaber is also CEO of the UAE national oil company Adnoc, which according to the documents has used the COP process to try to cut oil and gas deals with companies and countries.  Also, in North Birmingham, Alabama, racist zoning practices and industrial coke production have plagued Black communities for decades. Despite a growing focus on environmental justice from the federal government, it's yet to be clear how new funds will help the communities in North Birmingham. And scientists are turning to high tech solutions to preserve genetic diversity of endangered species, including biobanking in which cells and living tissues are frozen. A new project aims to biobank 24 endangered mammals to start, and we explore the science of using biobanked material to restore healthy populations of black-footed ferrets, Mexican wolves and more.  -- As a non-profit media organization we could not produce high-quality journalism that educates and inspires you to be fully informed about climate change and environmental issues without your help. If you haven't yet contributed to Living on Earth this giving season, please consider making a donation by going to LoE.org and clicking on donate at the top of the page. Thank you for your support! Learn more about your ad choices. Visit megaphone.fm/adchoices

This week on Outrage + Optimism our hosts discuss the leaked documents revealing how Adnoc, the Abu Dhabi National Oil Company and Dr. Sultan were planning to use COP 28 meetings with other countries to promote deals for its national oil and gas companies. With Dr Sultan set to give his speech on Thursday, our hosts ask what needs to happen to restore the faltering trust in his presidency and avoid derailing the COP agenda at such a vital time.  Our guest this week is Nathaniel Stinnett who founded the Environmental Voter Project, which targets inactive environmentalists, transforming them into consistent voters to build the power of the environmental movement, something which may prove critical given the news that Trump would scrap the landmark IRA and BIL legislations if elected. To close this week's episode, we have Chris Redmond, Co- Artistic Director of Hot Poets with his poem ‘Blink', with a beautiful musical accompaniment by The Tongue Fu Band (music written by Riaan Vosloo). The poem was commissioned by 3M as part of a series of poems in collaboration with UNFCCC's Resilience Frontiers.    NOTES AND RESOURCES   GUEST Nathaniel Stinnett, Founder & Executive Director of the Environmental Voter ProjectTwitter | LinkedIn | Facebook | Instagram ARTIST Chris Redmond, Artistic Director - Hot Poets (the film of ‘Blink' will be released on Thursday 30 November on YouTube and across Hot Poets channels) Website | Facebook | Twitter | Instagram | YouTube | TikTok The Tongue Fu Band Twitter | Instagram   Learn more about the Paris Agreement.   It's official, we're a TED Audio Collective Podcast - Proof! Check out more podcasts from The TED Audio Collective   Please follow us on social media! Twitter | Instagram | LinkedIn

As the world's attention turns to this year's COP summit in the UAE, questions remain about the host country and conference president. It's not the first time that an oil-producing country has hosted the climate change summit. But some environmental campaigners are unhappy about COP28 being held in the United Arab Emirates, and the choice of conference president, Dr. Sultan Al-Jaber – the CEO of the national oil company, ADNOC. However, supporters say that the country is extremely vulnerable to the effects of climate change, so it has as much of a right to host the conference as anyone else. Meanwhile, Dr Al-Jaber boasts considerable experience working in renewables – having previously run the UAE's renewable energy company MASDAR. So what's really going on? To find out more, presenter Graihagh Jackson is joined by: Sam Fenwick, presenter of the BBC World Service programme ‘Business Daily' Fiona Harvey, Environment editor at The Guardian Zeina Khalil Hajj, Head of Global Campaigning and Organising at 350.org Mia Moisio, climate policy expert at New Climate Institute and Climate Action Tracker Producer: Ben Cooper Researchers: Shorouk Elkobrosi and Octavia Woodward Series Producer: Simon Watts Editor: China Collins Sound engineer: Tom Brignell Production co-ordinators: Jacqui Johnson and Sophie Hill

We find out why he's a controversial appointment for the COP28 presidency. Sultan Al Jaber's appointment has been widely questioned because he's also the boss of Abu Dhabi's state oil company Adnoc. But supporters point to his work as founder of the green energy giant Masdar. Is he compromised or uniquely qualified? We speak to people who've interviewed him, worked with him, and can give us the inside track. Presenter: Sam Fenwick Producer: Lexy O'Connor (Image: Sultan Al-Jaber. Credit: Getty Images)

This week we talk about methane, the UAE, and organizational capture.We also discuss climate change, broken governmental promises, and Dr. Sultan Ahmed Al Jaber.Recommended Book: Raw Dog by Jamie LoftusTranscriptThe United Nations Climate Change Conferences, often referred to as COP meetings, short for "Conference of the Parties," are formal, annual meetings where issues related to climate change are discussed by attendees.These meetings have been occurring at their yearly cadence since 1995—though the November 2020 meeting was put off till November 2021, because of the COVID pandemic that almost entirely dominated international attention and governmental efforts, that year.COP meetings are held in different locations around the world, with host countries chosen from among those that offer to provide the requisite facilities and services for all attendees, which can represent a who's who of governments and businesses; so this isn't quite an Olympics level of commitment and expense, but it is quite an undertaking, as those host countries need to provide security for all those leaders, translation services for six different working languages, and they also need to help engage stakeholders, ranging from diplomats to the CEOs of the world's biggest companies, flogging support for the meetings themselves, but also the core themes of each meeting, which vary from year to year.These themes are important, as they've historically led to some of the most vital agreements we've seen between nations and other stakeholders, including the Kyoto Protocol, which was an early, 1990s-era emissions-reduction agreement between wealthy nations, and the Paris Agreement, which expounded upon that same general concept, though with much more aggressive targets and a wider scope of things the signatories had to take into consideration.On November 30 through December 12 of 2023, signatory nations and other entities will meet for the COP28 meeting, this time hosted in Dubai, in the United Arab Emirates.This is interesting for several reasons, but the most prominent—and the reason this choice was controversial—is that the UAE, like many other nations in the region, is a huge fossil fuel producer, about 30% of its total economy reliant on oil and gas exports.What's more, the President-Designate for COP28—the person who was put in charge of running things, but also getting those aforementioned stakeholders in line, making commitments, showing support, doing all the things they need to do to make this a successful COP meeting with something to show for their efforts—is Dr. Sultan Ahmed Al Jaber: the Minister of Industry and Advanced Technology for the UAE, the chairman of the Abu Dhabi Future Energy Company, also called Masdar, and the head of the Abu Dhabi National Oil Company—the first CEO to serve as a COP President, and, well, definitely the first oil company CEO to head up a meeting meant to help the world deal with climate change that's being amplified by the products his company is producing and selling.What I'd like to talk about today is COP28 and what we might expect to emerge from this very unusual, but also quite significant, get together.—Al Jaber's appointment as the COP president for this year's meeting was a controversial choice, to say the least.Dubai being selected as the host-city was one thing, but an oil executive running the show? This reeked, to some commentators and analysts, at least, as a sort of organizational capture: the United Nations either overrun by financial interests to the point that those interests were able to insert themselves even into this increasingly vital annual summit, or—maybe—the organization overcome by a naive sort of optimistic earnestness, wanting to get everyone involved, including those in some ways most responsible for the climate-related issues we face, to the point that the reins were ultimately handed over to one of those people, to do with as he and his ilk please.It's unclear which of these, or other possibilities explain this, again quite controversial choice of host city and president, but there has already been some more obvious, scandalous behavior arising from this meeting, beyond the jarring dissonance of having oil people run a climate change-focused meeting.Back in June of 2023, it was reported that the UAE's state oil company, Adnoc, was able to read emails to and from the official COP28 summit office, despite claims that the latter's email system was kept separate from the former's.The concern was that this state oil company, which would seem to have immense financial interest in slowing or stopping the transition from fossil fuels to renewables, as the longer they can keep legally and profitably pumping and selling, the more profit they can wring from their existing assets, they could see what was being said by and to the folks behind this climate summit, which is ostensibly at least meant to help speed up that transition away from fossil fuels.Those concerns were confirmed by The Guardian, and though the COP28 office altered their digital setup after the reporting was done, this added fuel to the concern-fire that was already burning because the UAE and Al Jaber were in charge of things; it seemed like they would have every reason in the world to put their thumbs on the scale and nudge the meeting in favor of the fossil fuel industry, given the chance, and this email issue seemed to confirm that notion.There have also been concerns that the UAE authorities will weaponize their already widespread digital surveillance apparatus—which is generally used to stifle religious and political freedoms in-country—to target COP meeting attendees with the same, tracking their actions and communications with spyware, among other violations.A letter was written to the UN by a bunch of politicians from the EU and US, asking the body behind the COP meetings to remove Al Jaber, and a slew of organizations and activists have separately done the same.The counterpoint presented by the UAE and Al Jaber himself, though, alongside supporters of how this meeting is coming together, including, at times at least, the US climate envoy John Kerry and EU climate chief Frans Timmermans, is that alongside his role running a state-owned fossil fuel company, Al Jaber also founded and runs Masdar, which invests heavily in renewable energy, and which is meant to serve as a foot in the door for the UAE as they attempt to reduce their reliance on fossil fuels; Masdar has invested in renewable projects in 40 countries, so far, and have targeted builting 100GW of renewable energy capacity by 2030.Under Al Jaber, Abu Dhabi's National Oil Company has invested in carbon capture and green hydrogen projects, and has been investing in nuclear and solar power, as well.None of these efforts compare to the investments that have been made, under his leadership, in fossil fuel capacity; it's night a day.But the argument in his favor is that he's a skilled energy world executive, and one that is actually making practical moves to transition to renewables: he's not doing it overnight, but he's actually doing something, and that makes him a credible source for usable ideas as to how other companies can do the same, while also putting someone at the reins who knows how to talk to and deal with energy executives—many of whom couldn't care less about investing in renewables—and that means it's possible he might be able to get them to make these sorts of iterative changes, as well.He's a choice that doesn't preach to the choir, basically; he's meant to preach to those who aren't yet convinced.And this will be a COP meeting with a LOT of oil industry higher-ups in attendance; which theoretically at least supports the assertion made by critics that the meeting has been captured, serving as a safe space for fossil fuel industry representatives who want to paint themselves as eco-friendly and thus, empowered to play a role in determining how quickly, or slowly, the transition to renewables occurs.But the counterpoint to this regulatory capture theory is that having true-believers at the helm—folks who see the oil industry as villains, in many cases—having them running things, hasn't historically served to get these oil companies to do anything except deny deny deny and do what they can to further entrench themselves in their existing energy source and business models; so maybe this, putting one of their own at the front of the room, and one of them who seems to be comfortable keeping a foot in both worlds, maybe that will help shift their collective stance a bit.Beyond the hubbub over who's hosting the show, there are also a few other interesting things to watch as this year's COP meeting unfolds.The first is that the US and China recently came to a new agreement to dramatically increase the production of renewable energy, tripling global capacity by 2030 in order to reduce their emissions and displace fossil fuels.The US and China's emissions, combined, account for something like 38% of the world's total, so anything these countries do in this space is already a big deal.But the last time the US and China landed on this sort of agreement, back in 2015, the language they used ended up informing the Paris Agreement that was made real at that year's COP meeting—an agreement meant to limit global warming to 1.5 degrees Celsius; so it could be that this new agreement also feeds into a larger, more international and inclusive agreement, once again.That said, there's a lot of arguably justified concern that this year's COP, like many previous COPs, will be a lot of talk without much or any action.It's easy to make commitments in a context in which one's words will net one's country a lot of goodwill in the press, but a lot more difficult to actually live up to those commitments—as governments around the world have discovered time and time again with climate-related issues.Our newest climate data indicate we'll likely fly right by the 1.5 degrees C average warming milestone this decade: much earlier than was previously estimated, and early enough that many experts are saying that goal, keeping temperature increases below that level, which has become a bit of a rallying cry for environmentalists and entities shifting to renewable energy, in recent years, they say it's probably out of reach.It's still important that we reduce emissions and halt heating as soon as possible, in other words, but the number we've held up as being an aggressive, optimistic goal that is nonetheless achievable might not be realistic, anymore.That new report is far from the last word on this, but a seeming inability to live up to climate commitments, combined with ever-bettering data-collection and computational resources has left us with a much higher-resolution understanding of how bad the situation is, and a much steeper mountain to climb if we want to accomplish even the relatively less-impressive goals that are still within reach; which makes the whole concept a tougher sell, especially when it seems easier to just throw up one's hands in frustration or disbelief, rather than making the sacrifices that might be necessary to get where we ostensibly need to be.And that's the second main, interesting thing to be watching here: the impact that better tools and data from those tools, and research done with that better data, will have on these discussions and the overall timber and tone of what people are saying.These new talks are arriving in the wake of some significant new developments in methane-tracking capabilities: satellites that allow researchers to pinpoint methane emissions hotspots, which in turn tells them which governments are failing to cap emitting wells, or which businesses are, as was the case in Kazakhstan recently, a local mining company allowing methane to flow freely from their infrastructure, causing untold damage that can be relatively inexpensively remedied once the emitting entities know what's happening and if the right kind of pressure is applied, to force their hand—two variables that are increasingly likely to align, appropriately, because of these new tools and techniques.Satellites capable of providing other sorts of high-resolution data, like where CO2 emissions are the worst, for instance, down to the level of an individual power plant, can also help us figure out where our problems are centralized, but they also allow us to name-and-shame, with receipts, if necessary, to force entities that would otherwise try to deny and sweep this kind of thing under the rug to acknowledge their failure in this regard, making issues that they currently might record as externalities, internal, in turn making it more likely something will be done, rather than these issues being ignored and compounding over time.And third, one of the many commitments countries—especially wealthy countries—have made over the course of previous COP meetings, is to provide a bunch of money to less-wealthy countries meant to help pay climate-related reparations, and for a transition to renewables, helping them bypass the emissions-related excesses today's wealthy countries have indulged in.Those already wealthy countries are the source of the vast, vast majority of today's emissions, and the idea is to help not-yet-wealthy countries scale-up and become richer without also creating more emissions as a consequence: a reasonable-sounding ambition, but that kind of pivot is not cheap or easy.The aid many countries have been told they would get as part of this effort hasn't yet materialized, though—$100 billion was promised by wealthy countries for poorer countries by 2020, to kick things off, to help them move toward renewables, and for losses and damages caused by existing climate change impacts.And that was meant to be just the initial round of funding that would eventually lead to trillions a year.Even that initial $100 billion didn't arrive, though, and while you could argue that some other, fairly immediate concerns reared their heads in 2020 that necessitated the rerouting of those funds toward other, pandemic-related issues, this is often touted of an example of just how untrustworthy these wealthier countries and their promises are; even the initial promise was a lie, so why shouldn't these countries that were lied to pursue whichever path is best for them and their immediate fortunes, whatever the consequences, like those wealthier countries were able to do in previous decades and centuries?Those are big questions, but probably the biggest one is whether those attending COP28 will be able to get an actual commitment to phase-out fossil fuels on the table, and then adopted by those participating.Many nations, including the most powerful and emitting in the world, have been unwilling to do this, consisting adopting weaker language, making smaller, pseudo-promises, not quite stepping up to the plate on a firm commitment to that kind of transition, instead opting for language that allows wiggle-room and doesn't upset any of the existing fossil fuel-related global systems, including existing energy businesses, but also countries—like the UAE and the US—that are major fossil fuel exporters.Most analysts don't expect that language to arrive at this meeting, either, and the general consensus is that we'll probably see another relatively, iterative step in the right direction across many metrics at COP28; maybe something based on all that new data with a little more enforcement-related teeth, but likely not a big enough step to close the gap between where we thought we were, and where we now realize, because of the most up-to-date climate findings, we actually are.Show Noteshttps://www.axios.com/2023/11/13/environment-co2-pollution-satellitehttps://archive.ph/ODvEKhttps://www.theguardian.com/environment/2023/jun/07/uae-oil-firm-cop28-climate-summit-emails-sultan-al-jaber-adnochttps://archive.ph/Ta5hkhttps://www.amnesty.org/en/latest/news/2023/11/uae-concerns-around-authorities-use-of-digital-surveillance-during-cop28/https://www.energyvoice.com/renewables-energy-transition/380412/masdar-renewable-energy-hydrogen/https://www.reuters.com/business/environment/global-warming-will-reach-15c-threshold-this-decade-report-2023-11-02/https://cleantechnica.com/2023/11/18/us-china-agreement-sets-the-tone-for-cop28/https://www.theguardian.com/environment/2023/nov/17/cop28-host-uae-breaking-its-own-ban-on-routine-gas-flaring-data-showshttps://insideclimatenews.org/news/17112023/harder-to-kick-climate-can-from-cop28/https://grist.org/international/international-climate-finance-adaptation/https://www.atlanticcouncil.org/blogs/new-atlanticist/what-the-eu-and-us-want-to-get-done-at-cop28/https://www.nytimes.com/2023/11/14/climate/us-china-climate-agreement.htmlhttps://www.politico.com/news/2023/11/10/cop28-host-uae-pushes-oil-producers-for-climate-pledges-00126619https://www.washingtonpost.com/climate-environment/2023/11/15/un-climate-cop26-pledges/?stream=tophttps://www.ghgsat.com/en/newsroom/worlds-first-commercial-co2-sensor-in-orbit/https://www.bloomberg.com/news/articles/2023-11-15/exxon-ceo-says-making-big-oil-villains-harms-net-zero-drive?stream=top#xj4y7vzkghttps://www.politico.eu/article/eu-promises-substantial-climate-damage-funding-pledge/https://www.bbc.com/news/science-environment-67143989https://archive.ph/KHWOLhttps://www.bloomberg.com/news/features/2023-11-13/gulf-nations-must-overhaul-everything-to-meet-climate-goals?cmpid=BBD111523_GREENDAILYhttps://www.semafor.com/article/11/10/2023/the-battle-lines-to-watch-at-cop28https://www.bloomberg.com/news/articles/2023-10-04/the-bankers-are-back-finance-industry-plans-for-cop28?cmpid=BBD111523_GREENDAILY#xj4y7vzkghttps://unfccc.int/sites/default/files/resource/cma2023_12.pdfhttps://www.wri.org/research/state-climate-action-2023https://www.axios.com/2023/11/20/un-climate-change-emissions-gap?stream=tophttps://en.wikipedia.org/wiki/United_Nations_Climate_Change_conferencehttps://unfccc.int/process-and-meetings/conferences/the-big-picture/what-are-united-nations-climate-change-conferences/how-cops-are-organized-questions-and-answershttps://www.uae-embassy.org/discover-uae/climate-and-energy/uae-energy-diversification This is a public episode. 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☕️ No Morning Call de hoje, Henrique Esteter destaca uma abertura levemente positiva dos índices futuros norte-americanos.O petróleo se acomoda nos US$ 80, enquanto o minério seguiu subindo.*Dentre os principais destaques: *(i) Lucro líquido da Ultrapar no 3º tri aumenta 12 vezes em um ano;(ii) Adnoc entrega proposta não vinculante pelo controle da Braskem no valor de R$ 10,5 bi - Oferta considera um valor de R$ 37,29 por ação da petroquímica;(iii) Banco do Brasil reporta ROE de 21,3% e anuncia pagamento de dividendo e JCP;(iv) Casas Bahia tem tri pavoroso; “Quisemos limpar a casa,” diz CEO.