The dangers of a lack of oil and gas investment will leave the Middle East shouldering an even greater responsibility, with far-reaching implications for the energy landscape
The launch of the much-needed yet oft-delayed Africa Energy Bank remains shrouded in questions and funding constraints, but its potential is clear
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
With a raft of scare stories around peak demand and climate change, 2025 should be the year smart investors leave the Big Oil bogeyman to the stuff of child’s play
New strategic plan includes significant investment in oil and gas
In a transformative shift, the consumer’s role in meeting net-zero challenges and reducing reliance on fossil fuels is crucial
Many LNG projects already incorporate emissions mitigation methods, hastening adoption for future projects
But the dollar still remains overwhelmingly the favoured currency
Announcements made during climate talks signal progress on several fronts when it comes to unlocking finance to support the energy transition
OPEC+ is prepared to defend $80/bl, but economic weakness and potential supply kept off the market will likely limit any upside as consumers acclimatise to higher prices, says Saxo Bank’s Ole Hansen
But CEO Miller says surge in Middle East and Asia funding, creative solutions and ‘nuanced’ approach to transition offer hope
High prices are no longer a guarantee for increased investment in oil projects despite the warnings of an energy crunch
Project is one of MENA region’s largest and will triple Emirati firm’s CO₂ storage capacity