Mubadala Energy Launched
Mubadala Petroleum, the Abu Dhabi headquartered international energy company, has unveiled its new brand name: Mubadala Energy.
This new brand reflects a fresh strategic direction which will see Mubadala Energy build on its contribution to the energy transition by expanding its gas-weighted portfolio in areas such as LNG while exploring new energy sectors including blue hydrogen and carbon capture. The strategy also sees a strategic focus on decarbonizing the business while driving innovation and technology across all operations.
Chief Executive Officer of UAE Investments at Mubadala Investment Company and Chairman of Mubadala Energy, Musabbeh Al Kaabi, through the official media release, said that Mubadala Energy has earned its place as a major player on the international energy stage. This new brand identity accurately reflected the business in its next phase of growth aligned with the energy transition through a gas-weighted portfolio and an increased focus on more sustainable energy sectors.
In addition, CEO of Mubadala Energy, Mansoor Mohamed Al Hamed, said that he is tremendously proud of what they have achieved since were founded ten years ago. Making the change in its tenth year of operations, the company has continued to grow and now spans eleven markets, employing over 500 people. This year Mubadala Energy also reached the significant production milestone of 500,000 barrels of oil equivalent a day (boed) for the first time in its history, marking a 22 per cent increase in production from 2021. (release/PS)