Adnoc, Total Form CCUS Pact
France's Total and the UAE's Adnoc announced on November 11 they had signed a framework agreement on reducing CO2 emissions, including joint research, development and deployment of carbon capture, use and storage.
The pair will also look to improve energy efficiency and use renewable energy for oil and gas operations, and work together in enhancing oil recovery using CO2.
Adnoc CEO Sultan Al Jaber said the pact would help it deliver on its goal of reducing its greenhouse gas intensity by 25% by 2030. Total CEO Patrick Pouyanne added that the partnership was "a perfect example" of its commitment to net zero emissions by 2050.
Total and Adnoc are already close partners in onshore and offshore oil and gas production, gas processing and liquefaction and products marketing. Adnoc announced on November 11 it had signed a deal to supply 0.75mn metric tons/year of LNG to Total during 2021 and 2022, while also noting the pair had delivered their first unconventional gas from the Ruwais Diyab concession in the UAE.