At the annual Adipec conference in Abu Dhabi, ministers and oil industry officials discuss the energy transition and OPEC+ production cutbacks.

Climate dominates the forum this year, with the focus on the energy transition.

The UAE’s major oil producer, Adnoc, is investigating geothermal district cooling as part of its diversification efforts.

Shell CEO Wael Sawan said shareholders must decide if Shell Plc’s low-carbon energy choices are realistic.

The COP28 climate summit president stated that large parts of the oil industry will vow to eradicate methane emissions and gas flaring by the end of the decade.

Over 20 private and state oil and gas firms have pledged to attain net zero by 2050.

Adnoc is also investigating geothermal district cooling in a pilot effort to diversify energy sources.