The minister said that his country would not divert gas supplies away from the continent
Qatar’s Energy Minister Saad Al Kaabi said that Qatar will stand “in solidarity with Europe” and continue to supply gas to the continent even if it means losing out on more lucrative contracts elsewhere. “We’re not going to divert [contracts] and will keep them in Europe, even if there is financial gain for us to […]
The announcement was made during a government meeting chaired by Russian President Vladimir Putin
Russia will now demand that payments for Russian gas supplies that head to “unfriendly countries” must be settled in roubles, President Vladimir Putin announced during a government meeting, Interfax, a Russian news agency, reported Wednesday. Putin called for the Russian central bank and government to determine within one week “the order of operations for the […]
By unifying business operations into a single interface, oil and gas companies can improve their efficiency, agility and reliability, says Rashesh Mody, Senior Vice President, Monitoring and Control Business Unit, AVEVA.
The shock of the pandemic highlighted the critical importance of agility and adaptability in the oil and gas (O&G industry). But, in an unexpected silver lining, many of last year’s challenges helped reveal areas of low digital maturity, including the industry’s reliance on engineers out in the field and the fact their work was often […]
As one of the world’s biggest LNG producers, the country could benefit from increased demand
S&P Global Ratings said that it believes the EU’s planned diversification from Russian gas could have a positive implication for Qatar’s state energy producer QatarEnergy (QE). The European Commission announced earlier this month plans to remove EU reliance on Russian fossil fuels by the end of the decade. The decision was taken following Russia’s invasion […]
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 […]
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 […]
