With Abu Dhabi Sustainability Week and the World Future Energy Summit under way in the UAE, the path to net zero is becoming clearer with an energy mix of hydrogen, nuclear and renewables alongside innovations such as carbon capture and battery storage.
Co-hosts Mustafa Alrawi and Kelsey Warner discuss the latest developments and then Kelsey interviews The National's energy contributor Robin Mills in this bonus episode of Business Extra.
They discuss Adnoc's business continuity response to the Houthi militia's Monday attack, the challenges that remain for sustainable fuels and how record-high oil prices influence net-zero ambitions.
In this episode
Business Extra at the World Future Energy Summit (0m 34s)
Robin Mills on the attacks in Abu Dhabi (2m 24s)
The recovery and the return to progress post-pandemic (5m 31s)
The technical and geopolitical hurdles facing the energy transition (11m 01s)
Read more
Rolls-Royce brings mini nuclear power plant technology to World Future Energy Summit
Pace of energy transition must be ‘organised’, Mubadala chief says
Abu Dhabi’s Taqa to press ahead with Dh40bn investment plan as part of renewables push
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
UAE currency: the story behind the money in your pockets
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
