Search results

Posted inPeople

Business models to nurture innovation in the energy transition

by Matthew Amlot

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 […]

Posted inNews

The critical role partnerships play in the future of the energy industry

by Matthew Amlot

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 […]

Posted inNews

Oil price could reach $240 this year if sanctions on Russia supply continue: Rystad

by Angitha Pradeep

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 […]

Posted inNews

The Middle East’s role in a net zero future

by Matthew Amlot

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 […]

Posted inNews

BEEAH Energy, Chinook Sciences sign agreement to develop first waste-to-hydrogen plant in Middle East

by Matthew Amlot

The new plant aims to help the UAE achieve its goal of becoming a low-carbon hydrogen hub

BEEAH Energy and UK-based Chinook Sciences signed an agreement Monday to develop the Middle East’s first waste-to-hydrogen plant. The plant will produce green hydrogen. Hydrogen has often been touted as a fuel of the future, helping to decarbonise industries that are difficult to electrify, such as shipping. Green hydrogen is one form of hydrogen that […]

Posted inPeople

Decarbonisation in the manufacturing sector: Tangible results and outlook

by Dmitriy Goroshkov

We live in a unique time when the interests of business and sustainability no longer contradict each other

Over the past decade, industrial companies have taken a leap forward in their sustainable development. We live in a unique time when the interests of business and sustainability no longer contradict each other. This has been made possible because businesses have found ways to turn environmental performance into business opportunities. Severstal’s long-term priorities are to […]

Posted inNews

Middle East Energy Awards 2022: Book your tables today; seats are filling up!

by Matthew Amlot

Book your table now and find out who takes top honours at this year's Middle East Energy Awards

Have you confirmed your tables for the Middle East Energy Awards 2022 set to take place on 23 February? Only two weeks away, ticket sales for the prestigious event are selling quickly. Tickets are priced at AED 1800 per seat and AED 13,500 per table till 18 February, with prices increasing after that. Click here […]

Posted inNews

Middle East Energy Awards 2022: Early bird offer closes on 11 February, book your tables now

by Matthew Amlot

Grab your tables now and save upto 20% before the early bird offer expires at midnight on Friday, 11 February

The Middle East Energy Awards are all set to celebrate energy projects, initiatives, individuals, and companies shaping the future of energy in the Middle East. With less than three weeks left for the Middle East Energy Awards 2022, we’re excited to announce that the early bird offer for table reservations are now open and valid […]

Posted inNews

JET reactor smashes nuclear fusion record; propels energy industry ahead

by Angitha Pradeep

Oxfordshire facility was able to achieve record-breaking energy from sustained fusion for over five seconds

The Joint European Torus (JET) facility reported a record-breaking production of energy from a sustained nuclear fusion experiment in a win for the future energy technology. The UK-based facility was able to successfully produce 59 megajoules of heat for over five seconds, breaking its previous record of 21.7 megajoules set in 1997. These results are […]

Posted inNews

Middle East Energy Awards 2022: Shortlist announced

by Matthew Amlot

The shortlist for the Middle East Energy Awards has been released with winners set to be announced at an event on February 23, 2022

Following record nominations for the Middle East Energy Awards, the shortlist has been announced by the hosting editors. A judging panel of industry experts will now deliberate on the best in each category, with the winners announced at a gala event on 23 February. The awards will celebrate the energy projects, initiatives, individuals and the […]