NOCs, IOCs, NECs and IECs
Abu Dhabi, UAE – 18 November 2021: ADIPEC 2021, the global energy industry’s largest, most important and influential event, concluded today following top-level discussions and underscoring the sectors’ readiness to embrace the challenges of the energy transition.
The four-day business-critical platform was held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the United Arab Emirates, and hosted by the Abu Dhabi National Oil Company (ADNOC).
During the Strategic Conference, four themes were discussed throughout the week, including new market dynamics in a changing energy world; fueling the future: the new energy agenda; building the energy company of the future: new business models and investment flows; and transformational technologies: unlocking the engines of change.
Addressing the themes, H.E. Mohammad Barkindo, Secretary-General, OPEC, said: "The challenge is managing how to reduce greenhouse gas emissions that have been impacting our climate. The Intergovernmental Panel on Climate Change (IPCC) and many other reputable scientific institutions have called upon the global community many times to deploy their resources, their ingenuity, come up with policy measures, projects and programs to address greenhouse gas emissions.
“The oil and gas industry is no exception. This industry has the capacity, resources, and innovative mind, to rise to the challenge. We need the world to understand that this industry must be part of the solution to climate change. We are not climate deniers, and we're ready to play our part in ensuring that the outcome of the Glasgow COP26 talks and the climate park that came out of Glasgow is comprehensively inclusive and fair manner implemented by all parties, including our member countries.”
Tayba Al Hashemi, CEO of ADNOC Sour Gas and ADIPEC 2021 Chair, underscored the importance of industry collaboration as the event drew to a conclusion. She said: “ADIPEC 2021 returned as an in-person event at a crucial time for the energy industry as we take stock of the outcomes of COP26.
“This week we have seen organisations from across the energy world come together at ADIPEC 2021 to explore, collaborate and chart the next stage of sustainable growth for our industry, delivering more energy and fewer emissions.
“We must do more to accelerate decarbonisation, but we cannot simply unplug from today’s energy system and into a cleaner energy model of the future. This is what we have been exploring here at ADIPEC 2021.”
ADIPEC 2021 also hosted the newly launched Smart Manufacturing Conference providing a unique platform for the manufacturing industry to gain insights into the energy transition and identify the challenges and opportunities for manufacturing in the drive to net zero-carbon energy.
Her Excellency Sarah bint Yousif Al Amiri, Minister of State for Advanced Technology, commented: "We believe that advanced technology and sustainability go hand in hand, and it is this philosophy which underpins the Ministry of Industry and Advanced Technology's transition to Industry 4.0. At the forefront of our focus, we will drive new solutions to our sustainability and development priorities, emphasising 4IR in between and across the value chain. Meeting here on the eve of the UAE's golden jubilee, and as we look back on the remarkable achievements of the last 50 years, I cannot overstate the importance of the UAE, and ADIPEC 2021, in shaping the global oil and gas sector."
Other conferences included the Technical Conference, Downstream Technical Conference, Offshore and Marine Conference and the ADIPEC Forum for Diversity, Equity and Inclusion.
Young ADIPEC, the annual youth outreach initiative by ADIPEC, has continued its successful work to promote the energy sector as a source of fulfilling careers for young Emiratis, welcoming 500 students from 20 schools to its 9th edition.
During the 11th ADIPEC Awards, which received more than 700 entries from over 50 countries, Dr Fatih Birol, who has served as Executive Director of the International Energy Agency (IEA) since 2015, was presented with the 2021 Lifetime Achievement Award, among other awards recipients.
The Digitalisation Zone provided insights on big data, cloud and machine learning with 100 specialist companies showcasing the latest ways digitalisation can enhance the energy value chain. Meanwhile, the newly launched Smart Manufacturing Zone highlighted how the impact of smart technologies is being felt across the complete manufacturing ecosystem.
ADIPEC 2021 also provided a forum for several landmark industry deals. These included the $6.2 billion agreement between Borealis and ADNOC to expand Borouge’s output, and the deal between Petronas and Baker Hughes to collaborate on technology to support the energy transition. In addition, a major new green hydrogen venture between ADNOC and TAQA was agreed, and a partnership between Mitsui, GS Energy, and ADNOC to develop a world-scale low-carbon blue ammonia facility was also concluded.
Christopher Hudson, President of dmg events, organisers of ADIPEC, said: “ADIPEC 2021 is at the very heart of the international energy sector delivering real buying power from across the world to Abu Dhabi. This year, the in-person event has helped facilitate partnerships for the future to build resilience, drive investments and provide a platform to take advantage of the opportunities created, both in Abu Dhabi and internationally, by the shift to lower-carbon energy.”
Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, ADIPEC ran from 15 - 18 November 2021, at the Abu Dhabi National Exhibition Centre (ADNEC). It is hosted by ADNOC and supported by the UAE Ministry of Energy and Infrastructure, the UAE Ministry of Industry and Advanced Technology, the Department of Municipalities and Transport, the Abu Dhabi Chamber, the Abu Dhabi Department of Culture and Tourism and the Department of Education and Knowledge.