Oman is projected to become the fastest growing economy within the the oil exporters of the six-member Gulf Cooperation Council (GCC) in 2023 with growth seen at 4.3%, according to a report from World Bank. Rating agency S&P last week revised Oman’s outlook to positive, from stable. It said the government was repairing its balance […]
GCC
Posted inDownstream
SABIC executives on striving for a sustainable future in petrochem
SABIC hosted the 2022 edition of the GPCA Forum in Riyadh, Saudi Arabia, under the theme of ‘Chemistry in Action, Shaping a Sustainable Future’, to showcase its efforts to become a global leader in the circular economy
Posted inExploration & Production
The global LNG shake up
The US has claimed the title of the world’s top LNG exporting, reversing trade trends from West to East
Posted inNews
GCC countries need to identify consumers for big green energy investments: Indian oil minister
The world is still going to “need large amounts of fossil fuels” for a while yet, the minister added.
Countries in the Arabian Gulf have made big bets on green energy, but India’s oil minister says questions still need to asked as to who the consumer will be. “GCC countries in the region and elsewhere have … made very bold announcements to move into green energy and they want to be part of the […]
Posted inEnergy Transition
How the oil and gas industry can turn climate-change ambition into action
As the stewards of GCC economies, NOCs have a great responsibility to help turn climate change ambitions set by governments into action
National oil companies (NOCs) in the GCC have started to articulate ambitious plans to reduce the greenhouse-gas (GHG) emissions from their operations, which are also part of national agendas against climate change. These goals are challenging, and require NOCs to turn these ambitions into actions. At the same time, NOCs must manage perceptional and commercial […]