In its closely watched Monthly Oil Market Report (MOMR), the group now sees global oil demand growth this year at 3.67 million bpd
OPEC slashed on Tuesday its oil demand growth estimate for 2022 by nearly 500,000 barrels per day (bpd) on the back of lower expected global economic growth with the Russian war in Ukraine and the return of COVID lockdowns in China. In its closely watched Monthly Oil Market Report (MOMR), the group now sees global […]
Sanctions will hit consumers hardest
New sanctions over Russia’s invasion of Ukraine could be “catastrophic” for European products unless imports can be found from new refineries, an expert said Wednesday. Banning oil and product flows from Russia to Europe would create a seismic shock, with more than 55% of European imports of diesel and gasoil coming from Russia,” Rystad Energy’s […]
Rising to the challenge of climate change needs to be part the energy industry’s strategy through this year and beyond
One of the most significant trends of 2022 will be how the oil and gas industry acts against climate change. Already, international and national oil companies (IOCs and NOCs) around the world have ambitious plans to reduce the greenhouse-gas (GHG) emissions from their operations—part of national agendas against climate change. The challenge is now to […]
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 […]
Honeywell’s Senior Director for Strategic Planning, Christine Seymour, explains the role technology plays in the energy industry and examines the future trends to watch out for
Oil & Gas Middle East reconvenes its hydrogen thinktank to discuss how adoption of the future fuel is progressing and the Middle East’s role in helping drive the energy transition
Navigating the energy transition and the changing demands of the energy mix have been hot button topics within the oil and gas industry. Numerous solutions have been suggested as to how the world can reduce its reliance on hydrocarbons and help mitigate climate change and, of these, hydrogen has emerged as a serious contender as […]
Neil Gunnion, Country Head and Vice President, Operations, Qatar at McDermott speaks exclusively with Oil & Gas Middle East following the announcement that his firm will be responsible for the offshore scope of Qatar’s giant North Field Expansion Project
McDermott was awarded a major engineering, procurement, construction, and installation (EPCI) contract by Qatargas in January for the offshore scope of its North Field Expansion Project. The North Field Expansion Project will increase Qatar’s liquefied natural gas (LNG) production capacity significantly, from 77 million tons per annum to 126 million tons per annum. LNG is […]
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 […]
Rising to the challenge of climate change needs to be part the energy industry’s strategy through this year and beyond
One of the most significant trends of 2022 will be how the oil and gas industry acts against climate change. Already, international and national oil companies (IOCs and NOCs) around the world have ambitious plans to reduce the greenhouse-gas (GHG) emissions from their operations—part of national agendas against climate change. The challenge is now to […]
Russia says it demands only rubles for its gas and will not ship gas for free
Russia’s insistence that its “unfriendly” nations pay in rubles for Russian natural gas risks disrupting European supplies as soon as this week as the deadline set by Putin for moving to ruble payments is drawing closer. Europe, which depends on Russian natural gas for more than one-third of its demand—with some countries, including the biggest […]
