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Embracing diversity

by Ahmed AlMughanni

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, […]

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Hydrogen could be $1 trillion per year industry by 2050

by Felicity Bradstock

With greater numbers of energy companies and governments investing in hydrogen projects, it could form a major part of the energy mix in the coming years

New reports suggest that the hydrogen market could be worth $1 trillion per year by 2050 as it becomes viewed as a vital energy source in the transition from fossil fuels to greener alternatives. With greater numbers of energy companies and governments investing in hydrogen projects, it could form a major part of the energy […]

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Europe can survive next winter without Russian gas

by Tsvetana Paraskova

Ensuring gas for next winter should not be a problem, analysts and the European Commission say

Russia’s invasion of Ukraine threw Europe’s dependence on Russian natural gas into sharp relief. The European Union is drafting measures to reduce its reliance on Russian energy, while various European countries, including the biggest economy, Germany, are revising their strategic energy policies, aiming to reduce their energy security vulnerability.    It was this vulnerability that has […]

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Natural gas demand will increase 46% in 2050, GECF says in new report

by Matthew Amlot

Global demand will increase as natural gas and renewables lead the energy transition, the group said

Global natural gas demand will rise by 46% from 3,840 billion cubic metres (bcm) in 2020 to 5,625 bcm in 2050, the Gas Exporting Countries Forum (GECF) said in a report released Monday. The report, titled Global Gas Outlook 2050, also found that the Asia Pacific region, Middle East, and Africa would responsible for the […]

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Gallery: Middle East Energy Awards 2022 winners

by Matthew Amlot

Celebrating excellence in performance, the 2022 Middle East Energy Awards recognised eight organisations and two individuals for outstanding achievements in 10 categories

Awards are a way to encourage the competitive spirit and celebrate excellence. Keeping this in mind, key stakeholders from the region’s energy industry converged in Dubai for the Middle East Awards 2022 on Wednesday, February 23, at Grosvenor House Hotel, Dubai. The awards ceremony took place in the presence of a distinguished gathering of upstream, […]

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Middle East Energy Awards 2022 names winners in gala dinner ceremony

by Matthew Amlot

The awards celebrated the very best across the energy industry

The Middle East Energy Awards concluded on Wednesday, February 23, with a ceremony recognising the winners across 10 highly competitive categories. The awards celebrated the energy projects, initiatives, individuals, and companies that have changed the way we use energy in the Middle East over the last year and covered the upstream, downstream, and utilities sectors, […]

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Regulators, policy makers need to lead dialogue with energy industry for transition, Aramco CEO says

by Matthew Amlot

The energy industry needs to be part of the discussion and the solution, Amin Nasser says

The energy transition needs policy makers and regulators to come together with the energy industry in order for it to be successful, the CEO of Saudi Aramco said. “We need to have a better dialogue where we are part of the discussion and the solution. We’ve seen what happened in Glasgow… we were kept away […]

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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 […]

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PIF receives shares worth about $80 billion from Saudi Aramco

by Angitha Pradeep

The transfer of shares also support the PIF’s plan to grow its assets under management to $1.07 trillion by the end of 2025

Saudi Arabia has transferred 4% of Saudi Aramco shares to its sovereign wealth fund – Public Investment Fund (PIF) – according to a statement. In line with Aramco’s market capitalisation, a 4% stake would mean shares worth about $80 billion. Prince Mohammed bin Salman, Saudi Arabia’s Crown Prince, Deputy Prime Minister, Chairman of the Council […]