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Saudi Aramco will seek to manage rapid industry change

Location:

SAUDI ARABIA

Yet this follows a government directive that the company cancel increases in its maximum sustainable capacity (MSC) of crude oil production from 12 million barrels per day (b/d…

Doha will hedge against LNG dependence

Location:

QATAR

Earlier in January, it awarded contracts to increase and sustain output at its main oilfield. Doha wants to dilute its overdependence on a single commodity and to extract value…

Bahrain's energy transition will be slow

Location:

BAHRAIN

Its sovereign wealth fund, Mumtalakat, announced on November 30 that it was establishing a USD750mn fund to invest in climate-related projects. On the same day, the Bahraini…

Oman's LNG exports will increase as oil plateaus

Location:

OMAN

Previously, in January, the energy ministry announced it was offering three new oil and gas concessions. Muscat wants to engage private companies in efforts to unearth fresh…

Saudi Aramco’s immediate focus will be on gas catch up

Location:

SAUDI ARABIA

Aramco is doubling down on a strategy to become a major player in the global gas sector, with higher production at home and abroad, while boosting efforts to convert an…

Saudi Arabia’s renewables drive will face challenges

Location:

SAUDI ARABIA

Saudi Arabia has made significant progress since 2021 in developing its renewable energy sector. However, it contributes less than 5% to total electricity output. By end-2023…

Manama will struggle to vary its investor offering

Location:

BAHRAIN

The Economic Development Board (EDB), the country’s investment promotion agency, announced in March that its ‘golden licence’ scheme of incentives for local and foreign investors…

CCUS is gathering momentum in Europe

Location:

EUROPE

Although business models are yet to be fully developed, governments are putting agreements in place for the cross-border transportation and storage of CO2, targeting industry as…