Last month’s rebranding of Mubadala Petroleum to Mubadala Energy marks an important milestone in the company’s evolution. The rebranding fits well with Mubadala Investment Company’s aspirations to support sustainability agendas at the global level. Moreover, it signals a new strategic drive to support the UAE’s Net Zero goals by 2050.
The unveiling of the new brand ushers in a new era in Mubadala Petroleum’s history. The company has seen significant growth in size and reach since its establishment in 2012. Today it spans eleven markets and employs over 500 people. This year its production rose to 500,000 barrels of oil equivalent per day (boed) for the first time in its history, marking a 22 per cent increase in production from 2021.
This rapid growth is part of Mubadala’s efforts to ensure a stable supply of oil and gas. As an international responsible investor, Mubadala has always been keen to support the UAE's position as a world energy leader committed to safeguarding global energy security.
But it is also part of Mubadala’s mandate as a global responsible investor to ensure that gas emissions are kept to the minimum.