In an era of uncertainty, the time to start managing stranded cost risk is now
energy transition
Posted inEnergy Transition
ADNOC acquires 25% stake in bp’s blue hydrogen project marking its first investment in the UK
bp has inked an investment deal forming a strategic partnership with ADNOC and Masdar for its planned blue and green hydrogen projects
Posted inEnergy Transition
Global renewable power capacity increased by 295GW in 2021, says IEA
Renewables’ growth so far this year is much faster than initially expected, driven by strong policy support in China, the European Union and Latin America, which are more than compensating for slower than anticipated growth in the United States
Posted inEnergy Transition
At the centre of the energy transition
Ahmed Ali Attiga, the chief executive officer of Arab Petroleum Investments Corporation (APICORP) sits down to explain the role that Middle East will need to play through the energy transition
Posted inPeople, News
The Middle East’s inherent energy transition advantage
Oil & Gas Middle East caught up with Siemens Energy’s Head of New Energy Business MEA, Manuel Kuehn, for a discussion on where the Middle East stands as a hub for the energy transition
Is the energy industry doing enough to embrace sustainability and the energy transition? I think the energy industry is doing a lot, whether it’s going to be enough, other people will evaluate sooner or later, and we will see if we achieve our climate goals or not, but what I see is an incredible momentum […]
Posted inPeople
Business models to nurture innovation in the energy transition
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
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
JET reactor smashes nuclear fusion record; propels energy industry ahead
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
Energy transition is opportunity to transform, diversify UAE economy: Sultan Al Jaber
Dr. Al Jaber was speaking during a virtual panel session titled ‘Projecting COP Ambitions across COP27 and COP28 and Economic Diversification Priorities Post-pandemic’ at the Abu Dhabi Sustainability Week
The global energy transition is an opportunity for the UAE to transform and diversify its economy, Dr. Sultan Al Jaber, the country’s Minister of Industry and Advanced Technology and Special Envoy for Climate Change said Tuesday, state-news agency WAM reported. Dr. Al Jaber was speaking during a virtual panel session titled ‘Projecting COP Ambitions across […]
Posted inNews
The uneven, uncertain future for energy
Shell Chief Energy Adviser Peter Wood explains to Oil & Gas Middle East the outlook for the energy industry's transition to renewables
The energy transition and the fight against climate change are big, bold ideas that have consistently been making their way up the table in terms of importance among policy makers, industry stakeholders, and the general public. While industry leaders across the board are investing in climate action initiatives, disagreements persist around how to decarbonise effectively […]
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