With the shift toward petrochemicals and chemicals, there will be new opportunities and new diverse revenue streams. We believe BoB is as important as ever. BBTC MENA – is the only Residue Upgrading and Catalyst Technology dedicated event in the region helping refiners to increase conversion, improve products, further integrate with petrochemicals, reduce emissions, and increase margins. Key…
There are many opportunities for the region to thrive in the era of the energy transition with its natural geology and abundance of low cost and low carbon resources. Today success is no longer just measured on safe and profitable operations, but also the delivery of energy and operational efficiency whilst demonstrating a commitment to ESG and maximising in-country value and circularity. As the…
With hydrocarbons-rich countries in the Gulf increasingly looking to reduce their carbon emissions, some in the region are turning to multi-coloured hydrogen as a more environmentally sustainable solution. Along with renewable sources like solar and wind, hydrogen is regarded as a potential low-carbon or zero-carbon fuel that is key to the transition away from fossil fuels. However, different types…
In November 2021 Bahrain became the third GCC member, after the UAE and Saudi Arabia, to commit to reaching net-zero carbon emissions by 2060. Although its current emissions amount to a fraction of those emitted by its neighbours, climate change poses a very real threat to the kingdom. Modelling carried out in 2017 showed that a rise in sea levels of 1.5 metres would see Bahrain lose 27% of its landmass,…
After opening 2022 at around $78 per barrel, Brent crude prices rose sharply over the next few months to surpass $127 on March 8 – the highest price in 14 years, driven in part by Russia’s invasion of Ukraine – before moderating slightly to around $106 as of midMarch. Although investment in oil and gas has fallen by about 30% since the outbreak of the pandemic, there are signs that the increased…
Interview:Mark Thomas Where do you identify the main opportunities and challenges related to Bahrain’s target of reaching net-zero carbon emissions by 2060? MARK THOMAS: Because the 2060 net-zero target is more long term, it is not necessarily at the forefront of our work programme at present. What we are mainly working towards is the more pressing target of reducing greenhouse gas…
Interview:Bassem Battisha What role can international companies play in helping to capitalise on opportunities arising from the global green energy transition? BASSEM BATTISHA: We believe that the future of energy is lower carbon, and that energy is essential to achieving a more prosperous and sustainable world. Chevron supports the Paris Agreement and is committed to addressing climate change,…
Oil was first discovered in Bahrain in 1932, making it the oldest oil-producing market in the Gulf region. After several years of stasis due to the Covid-19 pandemic, the kingdom’s energy industry is seeing a renewed pace of activity. Though Bahrain does not produce as much oil as its larger neighbours, the energy industry remains a vital part of the national economy. This has been helped by a large-scale…
After several years of stasis due to the Covid-19 pandemic, the kingdom’s energy industry is seeing a renewed pace of activity. Though Bahrain does not produce as much oil as its larger neighbours, the energy industry remains a vital part of the national economy. This has been helped by a large-scale oil and gas discovery in 2018 and the upgrade of the country’s main refinery in Sitra. Bahrain…
A revival in transport and tourism after two years of pandemic-related slowdowns caused by closed borders and social-distancing measures is helping to boost the economy, with the kingdom’s hotels, restaurants and resorts once again open to regional and international visitors. The country’s guiding plan, Bahrain Economic Vision 2030, aims to enhance private sector growth and continue government