– The cost of solar PV panels has risen since 2020 due to higher polysilicon prices – Prices are forecast to fall amid continuing increase in global demand – Gulf countries are ideal test cases for solar in emerging markets – Hydrogen is expected to serve as an auxiliary renewable energy source for the Gulf With high energy prices and supply chain disruptions creating…
The Smart LightingTech UAE will take place on 14 – 15 March 2023 in Dusit Thani, Abu Dhabi, UAE and will gather experts and key stakeholders from the public and private sectors to network, exchange knowledge and discuss latest urban projects and innovative solutions in the field of public realm lighting, exterior and outdoor lighting and the future of smart integrated lighting solutions. Key…
Recent disruptions to global supply chains and recognition from policymakers about the urgent need to diversify the economy are combining to stimulate industrial development in Oman, with the country’s network of special economic and free zones having a key role to play in attracting investment and boosting external trade. Fiscal incentives, advanced infrastructure, and strong connectivity with…
– EU sanctions disrupt global seaborne crude oil and oil products trade – Gulf producers are balancing the markets in Europe and Asia – Brazil and Guyana have become notable suppliers to Europe – Other producers in Africa and Latin America could enter new markets in 2023 With EU bans on Russian oil and oil-product exports set to go into effect this year in response…
The 8th RetrofitTech MENA Summit and Awards is taking place from 14 – 15 February 2023 at the Address Dubai Marina, UAE. The Summit is under the patronage of Dubai Electricity and Water Authority (DEWA) and hosted and strategically endorsed by Etihad ESCO. Key topics include: - Gain insight on UAE's vision Net-Zero 2050 - outlining the UAE's inspiring energy goals - Understand the role of technology…
To address one of the highest rates of per capita energy consumption globally, the government of Kuwait is taking a multi-pronged approach involving the reduction of subsidies following the rollout of incentives for green energy solutions and national energy efficiency initiatives in 2016-17. Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah first announced a target in 2012 to increase domestic energy production…
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. Prices remained elevated throughout much of the year, although they had returned to early January levels by early December amid growing fears of a global recession and weakening demand. The…
As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition. Gulf NOCs’ low-cost production advantages and massive hydrocarbons resources mean…
Kuwait is largely reliant on oil for exports, government revenue and GDP contribution. The country is therefore particularly sensitive to fluctuating global hydrocarbons prices and the long-term financial risks associated with the global shift towards lower-carbon sources of energy. Transitioning towards a more diversified and sustainable energy mix is an ongoing challenge for the country, as for much…
Interview:Sheikh Nawaf Al Sabah What are the most attractive investment opportunities in the country’s oil and gas industry? SHEIKH NAWAF: As part of KPC’s 2040 strategic plan we aim to increase the production of oil to 4m barrels per day (bpd) and gas capacity to 4bn standard cu feet per day (scfd) by 2040. Achieving and sustaining these targets will be largely dependent on implementing…