ADNOC CEO: Global Energy Demand Growth Is Unsustainable

Last month, U.S. oil and gas supermajor Exxon Mobil Corp. (NYSE:XOM) released its long-term global energy outlook report. Exxon has predicted that global energy demand will reach about 660 quadrillion Btu in 2050, good for a 15% increase from 2021 levels reflecting a growing population and rising prosperity.

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Upstream oil and gas

Exploration and production of crude oil and natural gas has existed for over a century and remains central in today’s energy and feedstock mix. As demand for transportation fuels, petrochemicals, and energy continues to increase, so does the need for efficient and sustainable offshore and onshore oil and gas production.

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