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Posted inNews

UAE has ‘most competitive industrial sector in Arab world’: UN rankings

by Carla Sertin

UAE ranked 30th globally in UNIDO index, climbing five places since 2020 and nine places in four years, helping attract interest of international investors

The UAE has the most competitive industrial sector in the Arab world, according to the latest UN global rankings. The country has reached 30th in the world in the 2021 United Nation’s Industrial Organization’s (UNIDO) Competitive Industrial Performance Index (CIP) report which tracks 152 countries. The UAE has climbed five places since 2020 and nine […]

Posted inPeople

Gender parity is a top priority for the region’s oil and gas industry

by Shelly Trench, Managing Director & Partner at Boston Consulting Group

Despite various diversity and inclusion initiatives being introduced, women accounted for only 22 percent of the workforce as recently as 2019

As industries look ahead, select priorities require urgent attention before opportunities can be pursued and sustainable future potential to be realized. For oil and gas players, among the most pressing is ensuring a gender parity culture is synonymous with their organization. While the necessary platforms have been provided for men to pursue career development aspirations […]

Posted inEnergy Transition

How LNG will recover after COVID-19

by Galia Fazeliyanova, Energy Economics Analyst, GECF

LNG might be the last great opportunity in the oil and gas industry

The global economy is cautiously walking away from the shadow of the unprecedented challenge of the COVID-19 pandemic. The GECF is observing a reset of the world energy outlook for the longer term and is finding it imperative to take part in the imminent and accelerated energy transition towards a less carbon-intensive energy mix, which […]

Posted inPeople

7 step guide to transforming oil and gas sector communications

by Carla Sertin

Leaders in the oil and gas sector need to adopt climate-focused principles into their business models and better organise their messaging

The collapse in demand due to Covid-19 restrictions on travel and the global decline in economic activity had a significant impact on the oil and gas industry.  However, according to the Oil and Gas Global Market Report 2021: COVID 19 Impact and Recovery to 2030, the global oil and gas market is expected to grow […]

Posted inDRILLING & PRODUCTION

Is CCS the upstream sector’s silver bullet?

by Carla Sertin

Carbon capture moves into the mainstream, but significant hurdles remain

We may only be halfway through 2021, but it is already shaping up to be a breakthrough year for carbon capture and sequestration (CCS) to emerge as a viable tool for upstream companies to decarbonise operations. Although the concept has been around for decades, CCS is moving into the mainstream. All the industry’s largest companies […]

Posted inProducts & Services

ADNOC Distribution reports AED 1.15 billion H1 net profit

by Carla Sertin

Received no objection certificates from General Authority for Competition in Saudi Arabia to acquire 35 stations as announced in December 2020 and February 2021

ADNOC Distribution (ISIN: AEA006101017) (Symbol: ADNOCDIST), the UAE’s largest fuel and convenience retailer, which is listed on the Abu Dhabi Securities Exchange (ADX), today reported that its first half 2021 EBITDA stood at AED 1.53 billion, with net profit of AED 1.15 billion. For the second quarter, EBITDA was AED 712 million with net profit […]