UAE's ADNOC to Unleash $440bn Energy Surge in US
Arabian Post Staff -Dubai
Abu Dhabi's state‑owned oil giant ADNOC has unveiled plans to escalate its U.S. energy investments six‑fold over the next decade, targeting a total of $440 billion. Speaking in Washington on 17 June, Sultan al‑Jaber, ADNOC Chief Executive and UAE Minister of Industry and Advanced Technology, declared that the American market is 'not just a priority; it is an investment imperative' for the company's global expansion.
Al‑Jaber underlined the urgency of the move, emphasising that artificial intelligence represents a 'once‑in‑a‑generation investment opportunity.' He pointed out that the growth of data centres driven by AI will demand substantial power— 'The next stage of evolution' in energy consumption, he said. The planned investments will span a wide spectrum: anchor stakes in the largest liquefied natural gas facility in Texas, petrochemical plants, and the deployment of 5.5 gigawatts of renewable energy paired with storage systems 'from coast to coast'.
ADVERTISEMENT
ADNOC's international investment arm, XRG, is cementing its presence with a new Washington office, aimed at steering these high‑stakes ventures. XRG has already struck a deal with Occidental's 1PointFive for a direct air capture project in Texas, with potential investment reaching $500 million. Additional widescale cooperation includes agreements to develop U.S. gas, LNG, specialty chemicals and energy infrastructure.
The announcement synchronises with a broader bilateral strategy: in March, senior UAE officials committed to a ten‑year, $1.4 trillion investment framework in the U.S., covering sectors such as AI, energy, semiconductors and manufacturing. As part of that pact, U.S. companies agreed to invest $60 billion in UAE energy assets. The XRG–Occidental partnership, as well as other collaborations involving ExxonMobil, Japanese firms Inpex and JODCO, is expected to expand capacity at Abu Dhabi's major offshore oil field, Upper Zakum.
At the Atlantic Council Global Energy Forum in Washington, al‑Jaber addressed the broader challenge of powering AI, stating that U.S. energy infrastructure must undergo a 'system‑wide shift' to keep pace. He highlighted the need to hyperscale energy supply—from gas, renewables with storage and nuclear—to meet the projected requirement of 50–150 GW of new capacity just in the next five years. He warned against prematurely retiring existing power plants, advocating instead for grid modernisation and rapid permitting for new infrastructure.
Environmental groups have voiced concern that the surge in AI‑driven energy demand could lead to rising carbon emissions unless clean energy is prioritised. In response, al‑Jaber suggested that AI could, in fact, offer solutions—optimising grid efficiency and managing load fluctuations, effectively 'unlocking its own energy challenge'.
The energy‑AI summit ENACT, hosted by XRG and MGX alongside the Atlantic Council, gathered leading figures from across the energy, tech and finance sectors. Delegates, including representatives from Exxon, OpenAI and BP, discussed mid‑ and long‑term strategies to address the escalating power needs of hyperscale data centres.
These developments are set against a backdrop of rising instability in the Middle East, where al‑Jaber cautioned that energy remains a 'cornerstone of peace, stability and prosperity,' signalling that the new chapter of collaboration aims to underpin global energy security.
For the U.S., the influx of investment promises a host of benefits: large‑scale infrastructure expansion, high‑task employment, and reinforced energy resilience. Projects under the UAE umbrella—from LNG plants to hydrogen and carbon capture initiatives—are poised to generate thousands of jobs, while U.S. energy firms gain access to new development avenues both at home and back in the Gulf.
Yet questions remain. Policy experts stress that realisation of al‑Jaber's ambitious vision will depend heavily on ensuring timely regulatory approvals and creating an effective risk environment for private capital. Moreover, balancing fossil fuel commitments with the drive toward decarbonisation will require clear direction from both governments and industry stakeholders.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
4 hours ago
- Khaleej Times
Apple executives held internal talks about buying Perplexity: Reports
Apple executives have held internal talks about potentially bidding for artificial intelligence startup Perplexity, Bloomberg News reported on Friday, citing people with knowledge of the matter. The discussions are at an early stage and may not lead to an offer, the report said, adding that the tech behemoth's executives have not discussed a bid with Perplexity's management. "We have no knowledge of any current or future MA discussions involving Perplexity," Perplexity said in response to a Reuters' request for comment. Apple did not immediately respond to a Reuters' request for comment. Big tech companies are doubling down on investments to enhance AI capabilities and support growing demand for AI-powered services to maintain competitive leadership in the rapidly evolving tech landscape. Bloomberg News also reported on Friday that Meta Platforms tried to buy Perplexity earlier this year. Meta announced a $14.8 billion investment in Scale AI last week and hired Scale AI CEO Alexandr Wang to lead its new superintelligence unit. Adrian Perica, Apple's head of mergers and acquisitions, has weighed the idea with services chief Eddy Cue and top AI decision-makers, as per the report. The iPhone maker reportedly plans to integrate AI-driven search capabilities, such as Perplexity AI, into its Safari browser, potentially moving away from its longstanding partnership with Alphabet's Google. Banning Google from paying companies to make it their default search engine is one of the remedies proposed by the US Department of Justice to break up its dominance in online search. While traditional search engines such as Google still dominate global market share, AI-powered search options including Perplexity and ChatGPT are gaining prominence and seeing rising user adoption, especially among younger generations. Perplexity recently completed a funding round that valued it at $14 billion, Bloomberg News reported. A deal close to that would be Apple's largest acquisition so far. The Nvidia-backed startup provides AI search tools that deliver information summaries to users, similar to OpenAI's ChatGPT and Google's Gemini.
Sharjah 24
5 hours ago
- Sharjah 24
'Turkish salmon': the Black Sea's new rose-coloured gold
"Our exports surged from $500,000 in 2017 to $86 million last year, and this is just the beginning," said Denizer, general manager of Polifish, one of the Black Sea's main producers of what is marketed as "Turkish salmon". In its infancy just a decade ago, production of trout -- which in Turkey is almost exclusively farmed for export -- has exploded in line with the global demand for salmon, despite criticism of the intensive aquaculture required to farm it. Last year, the country exported more than 78,000 tonnes of trout raised in its cooler northern Black Sea waters, a figure 16 times higher than in 2018. And it brought in almost $498 million for Turkish producers, a number set to increase but is still far from the $12.8 billion netted by Norwegian salmon and trout giants in the same year. Russia, which banned Norwegian salmon in 2014 after the West imposed sanctions over its annexation of Crimea, accounts for 74.1 percent of "Turkish salmon" exports, followed by Vietnam with 6.0 percent, and then Belarus, Germany and Japan. Spectacular success Stale Knudsen, an anthropologist at Norway's Bergen University and a specialist on Black Sea fishing, said Russia offered "an available market that was easy to access, near Turkey". For him, the "spectacular success" of trout is also down to Turkey's experience and the technology used in farming sea bass and sea bream, a field in which it leads Europe. Turkish producers have also benefitted from the country's large number of reservoirs where the fish are a raised for several months before being transferred to the Black Sea. There, the water temperature -- which stays below 18 degrees Celsius (64.4 Fahrenheit) between October and June -- allows the fish to reach 2.5 to 3.0 kilogrammes (5.5-6.6 pounds) by the time they are harvested. Last, but not least, is the price. "Our 'salmon' is about 15 to 20 percent cheaper than Norwegian salmon," said Ismail Kobya, deputy general manager of Akerko, a sector heavyweight that mainly exports to Japan and Russia. "The species may be different but in terms of taste, colour and flesh quality, our fish is superior to Norwegian salmon, according to our Japanese clients," Kobya told AFP at Akerko's headquarters near the northeastern town of Trabzon, where a Turkish flag flies alongside those of Russia and Japan. Inside, a hundred or so employees in long blue waterproofs, green head coverings and rubber boots behead, gut, clean and debone trout that has an Aquaculture Stewardship Council (ASC) certification for responsible farming practises. Disease risks "Over the last two years, many Turkish producers have moved to get those certifications," said Knudsen, though he does not believe such labels are always a guarantee of sustainability. "I think the rationale behind that is not only to become more sustainable, but is more importantly a strategy to try to enter the European markets... where the Norwegians have some kind of control," he said. In a 2024 study, researchers from a Turkish public institute raised concerns that "the rapid growth of the trout farming sector... led to an uncontrolled decline in the survival rate" of the fish. Pointing to the "spread of diseases" and "improper breeding management", the researchers found that nearly 70 percent of the trout were dying prematurely. Polifish, which also has an ASC certification, acknowledged a mortality rate of around 50 percent of their fish stocks, predominantly in the reservoirs. "When the fish are small, their immune systems aren't fully working," said its deputy general manager Talha Altun. Akerko for its part claims to have "reached a stage where we have almost no disease". "In our Black Sea cages, the mortality rate is lower than five percent, but these are farming operations and anything can happen," Kobya said. Fake fish Visible from the shore, the fish farms have attracted the wrath of local fishermen worried about the cages, which have a 50-metre (165-foot) diameter, being set up where they cast their nets to catch anchovy, mackerel and bonito. Mustafa Kuru, head of a local fishermen's union, is a vocal opponent of a farming project that has been set up in his fishing zone just 70 kilometres (45 miles) from the Georgian border. "The cages block the movement of the fish and what happens then? The fish start leaving the area," he said, accusing the trout farmers of pumping chemicals into their "fake fish". He said a lack of fish stocks in the area had already forced two boats from his port to cast their nets much further afield -- off the western coast of Africa. "If the fish leave, our boats will end up going to rack and ruin in our ports," he warned.
Zawya
17 hours ago
- Zawya
University of Dubai and AIJRF launch the first Arab initiative in academic research and AI technologies
The University of Dubai, in collaboration with the Artificial Intelligence Journalism for Research and Forecasting (AIJRF), has officially launched a groundbreaking Arab initiative titled 'Arab AI Researchers (AAIR)'. This is the first initiative of its kind in the region and comes as part of the Arab Index for Artificial Intelligence in Universities (AIU), which was first announced last year at the University of Dubai. A Regional Step Forward in Academic Innovation His Excellency Dr. Eesa Al Bastaki, President of the University of Dubai, emphasized that this initiative is aligned with the key recommendations announced at the conclusion of the 5th edition of the Artificial Intelligence Journalism World Forum (AIJWF), particularly those drawn from the inaugural report of the Arab Index for Artificial Intelligence in Universities (AIU). The findings underscored the urgent need to integrate AI tools and technologies into both Academic Research and teaching practices across Arab universities. Dr. Al Bastaki stated: 'The current initiative, 'Arab AI Researchers (AAIR),' aims to enhance the skills of Arab researchers and academics in embedding AI technologies and tools into teaching methods, curricula, and academic research. It promotes the optimal use of artificial intelligence in higher education across all academic levels, from undergraduate to postgraduate.' Fostering a Widespread Educational Transformation His Excellency Dr. Saeed Al Dhaheri, Director of the Center for Futures Studies at the University of Dubai and the president of the Arab Index for Artificial Intelligence in Universities (AIU), highlighted the importance of this initiative in reaching a wide audience of researchers. He noted that it offers a specialized training program to help integrate AI applications into both educational practices and academic research processes across all levels of study. A Specialized AI Training Program for Academia His Excellency Dr. Mohamed Abdulzaher, CEO of AIJRF, stressed the initiative's role in launching such a highly specialized training program. This program is designed to teach participants the fundamentals and applications of AI tools in both theoretical and applied research, while also enabling them to analyze research data using AI, yielding faster and more efficient outcomes. Dr. Abdulzaher added: 'The program will also introduce participants to innovative AI-based teaching approaches -from smart classroom practices and automated assignments to AI-generated project ideas- along with the ethical principles guiding the use of AI in education.' Initiative Objectives Enhance researchers' skills in using AI tools and applications in all areas of Academic Research, in an objective and academically sound manner. Integrate AI tools and technologies into the educational process within universities and educational institutions at all levels: undergraduate and postgraduate. Promote a new understanding of how to present ideas for studies, master's and doctoral thesis, and international publications when addressing AI tools and technologies. Empower Arab researchers and academics to use AI tools and technologies in scientific research, in accordance with international best practices. Empower Arab researchers and academics to integrate AI tools and technologies into scientific research using global best practices. Enhance the integration of AI in higher education by developing innovative teaching methods based on intelligent data analysis and interactive learning. Build a specialized Arab knowledge community focused on AI applications in education and research through knowledge exchange, workshops, and training programs. Provide Arabic-language resources and guidelines to support the effective incorporation of AI into university curricula, while considering local academic and cultural contexts. Promote Arab scientific research in the field of AI in education, and encourage the publication of academic work at both regional and international levels. Foster ethical and critical thinking in the use of AI in educational settings by raising awareness of the risks and challenges of emerging technologies. Develop strategic partnerships between universities, research centers, and institutions involved in technology and education to support digital academic transformation across the Arab world. Expected Outcomes Master the use of AI tools and applications in academic research. Utilize AI in data analysis to derive faster and more accurate conclusions. Embed AI into smart curricula and classroom strategies, including automated assignment creation, grading, and project development. Understand and apply the ethical principles of artificial intelligence. Acquire technical and cognitive skills necessary for AI application in academia. Systematically and effectively integrate AI into teaching methods and curricula. Design and develop AI-based academic research in line with global academic standards. Optimize AI usage in university education to improve quality and digital transformation. Prepare a new generation of Arab researchers capable of leading innovation in educational and technological institutions. Training Methodology and Tools 10 AI tools for research writing and scientific publishing 5 AI applications for classroom management 5 AI tools for managing student projects, assignments, and assessments Program Duration and Certification The training program is conducted three times annually Each round includes 150 participants The program spans 4 intensive days, totaling 15 practical training hours Participants who submit a final research or educational project will receive an accredited certificate from: Artificial Intelligence Journalism Foundation (AIJRF) University of Dubai Other participating universities About AIJRF Founded in 2018 in Dubai, United Arab Emirates, the Artificial Intelligence Journalism for Research and Forecasting (AIJRF) is the world's first global research organization dedicated to the study of media, artificial intelligence, content creation, media of Metaverse, the Fourth & Fifth Industrial Revolution, and humanities. It was established by a group of professors and academic researchers specializing in these fields. AIJRF leads over 20 international initiatives in artificial intelligence, including the Artificial Intelligence Journalism World Forum (AIJWF), the Global Artificial Intelligence Journalism Index (GAIJI), the Arab Artificial Intelligence Index in Universities (AIU), the AI Skills Camp for Students, AI Skills Challenge for University undergraduates and the Arab AI Researchers (AAIR) initiative. AIJRF offers more than 120 training programs, including a professional diploma in: content creation and artificial intelligence, AI technologies and smart government services, AI and media industries, media of Metaverse, and AI in education, among more than 20 specialized training tracks. These programs aim to integrate AI tools and solutions into key professional and educational sectors. In 2021, AIJRF has published the world's first ethical and professional guide for AI-powered content creation, titled: The Artificial Intelligence Journalism and Professional Code of Ethics. In 2024, it released the second edition under the title: The Artificial Intelligence Journalism Professional Ethics and Codes of Conduct (AIJEC).
