The leaders will meet while global markets continue a tumultuous 2022 amid Russia’s ongoing war in Ukraine
UK Prime Minister is set to visit the UAE and Saudi Arabia this week amid calls for the Organization of Petroleum Exporting Countries (OPEC) to increase oil output, Arabian Business reported. Oil prices have surged this year as supply issues caused prices to increase with the Ukraine-Russia crisis later throwing markets into turmoil. Sanctions imposed […]
The firm’s participation will be its first since a division rebrand
KROHNE Group, a process instrumentation manufacturer, announced that it would take part in the Oman Petroleum and Energy Show, held in Muscat, Oman, later this month. The company will join its Oman-based partner ACS to showcase their latest products and solutions, and will be KROHNE’s first event since it branded one of its divisions as […]
Geothermal energy appears to be an untapped resource that could be taken advantage of amid the global goal to diversify the energy mix
The need to develop a variety of energy sources has never been so evident. As the global reliance on a few specific oil and gas sources becomes clear, it seems obvious that we should be investing in diversifying our energy mix. But while governments are looking to expand their solar and wind power, is enough […]
Kamal Al-Sawi, President, Kuwait Energy Egypt discusses the role that the North African country can play as an energy hub on the sidelines of EGYPS 2022
Can you talk to me about Kuwait Energy Egypt’s role inside the Egyptian energy ecosystem as the country seeks its aspirations of becoming a regional energy hub? From the investment and the commercial side of business we are actually very active in our investment in Egypt since inception. We were one of the first companies […]
Companies need to consider the conditions that they need to cultivate if they are to innovate and produce the technologies needed for a low-carbon future
The United Nations’ Sustainable Development Goals (SDGs) include ambitious energy conversion efficiency targets and to significantly accelerate the deployment of renewable energy by 2030. Along with the Paris Agreement, these international frameworks for action show that the transformation of the energy sector is critical if we are to meet our sustainability targets. Fortunately, technology to […]
Azim Akhmadkhadjaev, First Deputy Minister for the Ministry of Energy in Uzbekistan spoke with Oil & Gas Middle East about how his country handled the pandemic, the role of gas in the energy transition, and the importance of cultivating partnerships for growth
How did the country’s gas sector fare during the pandemic? In 2020, natural gas production decreased by 12%. However, Uzbekistan recovered from this pandemic-induced drop during 2021, achieving more than 95% of pre-pandemic output. Overall, Uzbekistan’s economy was one of the few posting positive growth (1.7%) during the pandemic year. Considering almost the entire volume […]
This is the largest energy crisis in decades and the impact on the world’s most important commodity is going to be unprecedented, says Rystad Energy’s head of oil Bjørnar Tonhaugen
On Tuesday, the United States imposed a ban on Russian oil exports in its latest effort to intensify sanctions on Russia. In a bid to counter Russia’s invasion of Ukraine, Western nations have pursued a strategy of sanctions to isolate Moscow. Rystad Energy’s Head of Oil Markets Bjørnar Tonhaugen said that prices will skyrocket if […]
The Middle East region will continue to be hugely important as an energy player even after the world transitions away from hydrocarbons, Gavin Towler, VP and CTO, Honeywell told Oil & Gas Middle East
The Middle East region is “hugely important” both throughout the energy transition and afterwards, Gavin Towler, the VP and CTO of American conglomerate Honeywell says. Currently, countries across the region are making big bets on the future of energy, often to the tune of billions of dollars. Headline grabbing investments include Saudi Arabia’s $5 billion […]
Sanctions cause commodity prices to surge and equities to sink as economic fears increase
Non-energy sanctions have already taken effect on the Russian supply of oil, with reduced supplies, leading to further price spikes and volatility, the International Energy Forum (IEF) said on Monday. Data on exports from Russia’s hubs in the Baltics and the Black Sea have indicated that demand for the country’s oil has disappeared as the […]
Ahmed AlMughanni, Senior Vice President, Human Capital and Support Services for ADNOC drilling explains how his firm has sought to deepen diversity and close the gender gap
Since at least 2000, the relative lack of diversity in the global oil and gas industry has been a concern for company leaders around the world. According to research conducted by the World Petroleum Council and Boston Consulting Group and released in December 2021, only 22% of the workforce in the global industry are female, […]
