Mubadala Petroleum and Eni ink MoU
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Mubadala Petroleum and Eni have signed a Memorandum of Understanding (MoU) aimed at identifying cooperation opportunities in the energy transition sector, including the fields of hydrogen and carbon capture, utilisation and storage, that align with their respective decarbonisation targets.
The scope of the cooperation covers potential joint opportunities in the Middle East, North Africa, South East Asia and Europe, as well as other regions of mutual interest.
The partnership is in line with Mubadala Petroleum’s proactive approach to Environmental, Social & Governance (ESG) considerations, as well as its energy transition goals. This includes pursuing a gas-weighted portfolio strategy that has seen the company’s asset base reach almost two thirds natural gas, while reducing greenhouse gas emissions by 25% in the last three years.
The agreement was signed by Mubadala Petroleum’s CEO, Mansoor Mohamed Al Hamed, and Eni's COO of Natural Resources, Alessandro Puliti. The signing was witnessed by Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala Investment Co., and Claudio Descalzi, CEO of Eni.
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/07092021/mubadala-petroleum-and-eni-ink-mou/
You might also like
Hydrocarbon Engineering Podcast
In this episode, Alan Gelder, Senior Vice President of Refining, Chemicals and Oil Markets at Wood Mackenzie, provides a review of downstream markets in 2024 and looks ahead to what 2025 may hold for the sector.
Topsoe to provide SAF in China
Topsoe selected to provide its HydroFlex® technology for a second Chinese SAF project located in the Guangxi Free Trade Zone.
