The nation’s vast territorial expanse and established presence of experienced, well-financed international and domestic oil firms has led to the discovery and exploitation of a succession of sizeable oil and gas projects across the country for more than 125 years. As of 2013, Indonesia’s total hydrocarbons reserves reportedly included 3.7bn barrels of oil and 103.3trn cu ft of natural gas. In...
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Economic update | Thailand looking to power up
30 Apr 2014
A return to economic growth in Thailand is expected to drive greater demand for electricity, hastening efforts to look for alternative sources of energy, although continued political uncertainty could slow public investments in power plants and transmission lines.
Although declining oil production has had an effect on Brunei Darussalam’s recent economic performance, officials insist the reasons for the drop are short term in nature, while the country’s long-term prospects in the sector remain promising. Expansive government plans at home and a cooperation agreement with Timor-Leste abroad should give the sector a welcome fillip as well.
Articles & Analysis | Testing the waters: The development of offshore islands brings many opportunities for marine services firms from The Report: Abu Dhabi 2014
Developments in Abu Dhabi’s waters illustrate the extent of innovation in the emirate’s oil and gas sector. The two main offshore operators, the Abu Dhabi Marine Operating Company (ADMA-OPCO) and the Zakum Development Company (ZADCO), are constructing artificial islands on an unprecedented scale for future drilling programmes. Utilising islands...
Interviews & Viewpoints | Sultan Ahmed Al Jaber, UAE Minister of State and CEO, Masdar, on carbon dioxide capture and storage from The Report: Abu Dhabi 2014
Sitting atop the world’s seventh-largest oil and gas reserves, the UAE will long have a leadership role within the global energy sector. This is supported by the world’s continued demand for energy, which will be advantageous for the UAE economy. In addition, most economic forecasts project annual GDP growth to rise at an average rate of 4% over the next few years. With...
Articles & Analysis | Renewables on the rise: The emirate has a growing reputation for sustainable energy projects from The Report: Abu Dhabi 2014
In January 2009, on the eve of the second World Future Energy Summit, Abu Dhabi’s government announced that by 2020 at least 7% of the emirate’s power generation capacity would come from renewable sources. In the half decade since then, Abu Dhabi has become one of the Gulf’s most prominent players in the areas of energy sustainability and...