Abu Dhabi-headquartered international energy company, Mubadala Petroleum is now ‘Mubadala Energy,’ WAM announced in a statement.
“The new brand reflects a fresh strategic direction that 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,” WAM said.
The new strategy will focus on decarbonising the business while driving innovation and technology across all operations.
“This new brand identity accurately reflects the business’s next phase of growth aligned with the energy transition through a gas-weighted portfolio and an increased focus on more sustainable energy sectors,” Mubadala Energy’s chairman and Mubadala Investment Company’s chief executive officer Musabbeh Al Kaabi said.
Mubadala Energy’s chief executive officer Mansoor Mohamed Al Hamed added the rebranding comes at time where the company signals their focus on energy transition.
“We are building on a track record which has seen significant growth through an expanding gas portfolio, and with our deep capabilities and strong partnerships around the world, we are well positioned to embark on a new chapter in our story as Mubadala Energy,” Al Hamed said.
Making the change in its tenth year of operations, the company has continued to grow and now spans eleven markets, employing over 500 people, WAM said.
This year, Mubadala Energy reached its highest production milestone of 500,000 barrels of oil equivalent a day (boed) for the first time, showing a 22 percent increase in production from 2021.
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