How will the UAE become an OIL HUB?

The UAE has announced three major new developments that are intended to strengthen its position as an oil hub in the Middle East and prevent the pervasive creep of Chinese influence in the area. All three developments are in keeping with the UAE’s role as a major stakeholder in the USA’s strategy for the Gulf region.

The first development will focus on a significant expansion of the country’...

Does the UAE use BIOFUELS?

A Dubai-based firm has become the first in the UAE to receive official approval for its biodiesel. Neutral Fuels, who specialise in creating high-quality biofuels, were awarded certification under the recently introduced Emirates Authority for Standardisation and Metrology (ESMA) biofuel quality standard.

The landmark accreditation proves that products manufactured by Neutral Fuels meet all ...

ADNOC aiming for CARBON CAPTURE TECHNOLOGY partnerships

The Abu Dhabi National Oil Company (ADNOC) has announced its intention to enter into partnerships with technological frontrunners in the field of carbon capture, utilisation and storage (CCUS). According to the company’s CEO, such technologies will comprise a central component of any strategy to achieve the nation’s climate goals in the coming years.

Although the UAE is planning to diversify...

When will the OIL MARKET Rebalance?

The UAE’s Energy Minister Suhail Al Mazroui has indicated that he expects the global oil market will rebalance by the beginning of 2022. Speaking at the Gulf Intelligence Global UAE Energy Forum, Al Mazroui offered an optimistic outlook on the imminent future for the oil market, after a disastrous spell brought about the coronavirus pandemic.

However, Al Mazroui was careful to warn that such...

Is ADNOC turning to HYDROGEN?

The Abu Dhabi National Oil Company (ADNOC) has announced partnerships with two of the country’s sovereign wealth funds, as it bids to diversify its energy portfolio by moving into hydrogen. The UAE economy has historically been built upon the extraction and exportation of oil and gas, but a changing of the times has instigated a robust response from the Emirati government.

By signing deals w...

Are pipelines the key to Oil Security?

The establishment of pipelines connecting the Middle East to the rest of the world could be crucial to guaranteeing global oil security, according to outgoing US Energy Secretary Dan Brouillette. Brouillette visited Abu Dhabi last month to meet with high-ranking officials from regional powers and discuss the possibility of diversifying the transportation methods used to ferry oil to Asia, Europ...

Will 2021 bring a Recovery for Oil?

The UAE are quietly confident that the coming year will see a slow but steady resurgence in the demand for oil. Speaking to Sky News Arabia, Energy Minister Suhail Al-Mazrouei explained that he envisaged a “gradual” recovery that would take place over the course of the year.

Oil demand fell to record low levels last year, after the spread of coronavirus prompted governments across the globe ...

How big are the UAE’s OIL RESERVES?

The total amount of crude oil reserves belonging to the UAE reached a staggering 97.8 billion barrels in 2019, according to official figures. The quantification of UAE’s oil assets was made by the Federal Competitiveness and Statistics Authority (FCSA), who also identified the country’s production of both oil and natural gas in the last year.

That signifies that the Emirates still retain a v...

Abu Dhabi OIL DISCOVERY estimated at 22 Billion Barrels

The Supreme Petroleum Council (SPC) of the UAE made headlines last month with the announcement of a significant discovery of previously unknown oil reserves in Abu Dhabi. According to an SPC announcement, the Emirati capital is home to an estimated 22 billion barrels of recoverable, non-conventional crude oil that the authorities did not previously know existed.

The SPC say the new cache cou...

How will OPEC stop prices plummeting?

The Secretary General of the Organisation of Oil Exporting Countries + (OPEC+) has indicated that the alliance is fully prepared to take all necessary actions to ensure that oil prices do not plummet steeply once more. Every industry has been affected by the coronavirus pandemic to some extent, but with energy demand slumping, the fossil fuels sector has been harder hit than most.

However, M...