As high oil prices give policymakers greater flexibility to invest for the future, the government is likely to spend more money on supporting the development of enhanced oil recovery (EOR) in the years ahead. “The days of easy oil are over,” Mohamed Al Hamli, the oil minister for the UAE, said at the World Petroleum Congress in December 2011. “We...
With peak demand for electricity expected to more than double between 2011 and 2020, Abu Dhabi is taking steps to encourage a reduction in consumption. This would not only lessen the government’s burden when it comes to subsidising electricity prices, it could also obviate, or at least reduce, the need to invest in new power generation capacity...
What can be done to lower the capital input costs involved in oil and gas extraction?
While the vast majority of Abu Dhabi’s electricity today is generated by gas-fired power plants, the government remains committed to the development of renewable energy sources. The emirate has also taken steps to establish nuclear energy plants, with the first of four facilities expected to come on-line in 2017. Both renewable and nuclear...
What changes do you expect to see in water and electricity production and management in order to meet demand in the future?
With the 75-year concession agreements for Abu Dhabi’s onshore oil production set to expire in 2014, executives at oil and gas companies throughout the world will stay keenly attuned to the re-tendering process. Predicting the outcome will not be easy as the new tenders come at a time of unprecedented change in the global energy market. State-owned...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×