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...
In 1937, decades before the UAE had been established, Dubai concluded its first oil concession deal with Petroleum Development Trucial Coast (PDTC), a British oil company. It was not until 1952 that the first drilling began, and not until 1966 that a commercially viable oil field was found.
Developed in 2010 and initiated in 2011, the Dubai Integrated Energy Strategy 2030 (DIES) aims to guide the emirate’s energy sector toward sustainability and enhanced efficiency. Responsible for executing the plan is the Dubai Supreme Council of Energy (DSCE), a governing body made up of key stakeholders.
Although the UAE population’s stood at 8.2m in 2010, according to the latest information from the UAE’s National Bureau of Statistics, the country’s per capita energy consumption is one of the highest in the world. A combination of factors like high per capita income and a warm climate contribute to the rate of energy usage. Dubai has one of the...
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