Energy Transition in the Middle East
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
The Middle East has long been synonymous with the oil and gas industry, with approximately 30% of the world’s oil currently produced in the region.
Blue hydrogen is around half the price of green, he noted, after normalising for incentives and penalties. “The models show then that green hydrogen takes over, at around a decade out.”
Vulcan Completion Products (VCP), the Star Trek-inspired engineered product supplier to the global oil and gas industry, is enjoying considerable success in the Middle East.
ADNOC has announced a final investment decision (FID) on the Hail and Ghasha development, its largest ever gas development.
“The compact nature of the system will allow for convenient deployment to remote locations, helping Adnoc to cut emissions from its off-grid production activities,” said Power I.D.’s founder Naser Abu Daqqa.
The minister said the insurance issue was the last real barrier to EACOP. “The rest was politics”, she said.
SLB has launched a new screening and ranking solution designed to assess the capacity and economic viability of carbon storage sites during the ADIPEC conference in Abu Dhabi.
“I’ll be unequivocal here, we are fundamentally leaning in to develop the energy system of the future and we will do it profitably.”
“This is the year to show the world you are central to the solution. This industry can change the global debate and can change the global outcome,” Al Jaber said.
It was great to have Offshore Europe return to Aberdeen for the first time in four years at the start of September.
“Energy transitions will play out in different ways, and that means investing in different projects at different stages in different parts of the ecosystem,” Storch noted.
Reducing the carbon from oil and gas is critical to the energy sector meeting demand, but also to support transition plans around the world.
By creating and offering a full suite of carbon management solutions, major gas producers and exporters can create demand without fears of “locking-in” emissions or building “stranded assets”.
Tackling methane emissions should be an easy way to make progress in tackling climate change – and point to how willing the energy industry is to the energy transition.
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
CNOOC Uganda has erected the Kingfisher rig on location, in Uganda’s western Lake Albert, as drilling plans move ahead.
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
A number of key uncertainties remain over the deployment of hydrogen, but one point of agreement from Adipec this week has been the need for long-term contracts.
Nigeria is currently producing 1.45 million barrels per day, with plans to scale this up to 1.8mn bpd by the end of November.
The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
The energy industry’s job is to “pay our taxes” and invest, BP (LON: BP) CEO Bernard Looney told attendees at the Adipec conference today.
Adnoc CEO Sultan Al Jaber has called for the world to produce from all the energy sources it can, while minimising emissions.
At a time of economic and political uncertainty, the battle against climate change remains high on the global agenda. As part of that, it’s important to use every weapon in our arsenal; even those that exist outside our planet.
The global energy landscape is undergoing profound changes amid volatile and complex market situations, price instability, and the growing need to rapidly adapt if we are to meet net zero targets. The global energy industry has never experienced anything like this before, and never has collaboration been more important.
The United Arab Emirates energy minister has defended OPEC+’s decision to cut production as a purely technical move, denying talk of discord and politics.