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...
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...
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...
A surge in planned spending on energy projects in Gulf nations has characterised 2012, and Abu Dhabi has been no exception to the trend. While precise estimates vary, there is a consensus among industry observers that the value of the engineering, procurement and construction (EPC) contracts in the emirate’s oil and gas sector is set to see a huge...
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