Oil and Gas
The Post-oil Economy in the UAE and How It Is Preparing
The UAE is known for being in an oil-rich region and historically relying on oil exports as a significant part of its economy. This reliance on oil is now slowly changing in preparation for the post-oil world. Multiple government programmes and private sector investments are behind this transition.
5 Global LNG Projects 2024
Increasing demand has been driving up LNG prices since 2021. Experts expect that this demand will continue to grow, and without new LNG infrastructure, demand will outstrip supply. Luckily, several major LNG projects are in progress, and more are expected to follow.
Could the Rise of Vacuum Gas Oil (VGO) Signal the Fall of Oil?
Vacuum gas oil (VGO) is a mix of hydrocarbons produced during the extraction of crude oil. Over several years, the use of VGO has skyrocketed, a sign that the oil industry to fighting to squeeze every bit of efficiency out of their extraction processes.
Top 10 Oil And Gas Companies In Singapore [2024]
Oil and gas companies have long been a significant economic pillar in Singapore's economy. The country is the major thoroughfare and hub of fossil fuels in Asia. Most of the largest international fossil fuel companies have offices in Singapore, but there are also several major local companies. How will these businesses fare now that the energy transition is underway?
Is Oil a Good Investment in 2024?
Oil has long been a cornerstone commodity in the global investment landscape, so is it a good investment in 2024?
Oil Market Forecast 2023: Oil To Peak and Renewables To Accelerate
While the oil market for combustion purposes is likely to peak by 2028, according to the IEA, the Asia-Pacific region will continue to push global oil demand. But, with oil demand declining, will developing Asia continue to lock itself into a carbon-intensive future?
Oil Spill in the Philippines Implicates San Miguel Corporation
A major oil spill in the Philippines raises concerns over a corporate giant’s refusal to accept responsibility for the disaster. It also raises concerns over its dismal environmental record due to liquefied natural gas (LNG) development. The government is waffling, and the environment, local residents and fisherfolk are suffering.
Will Oil-Producing Countries Remain Stable in a Decarbonising World
Fossil fuel-dependent countries should be actively looking to balance the trade-off between transitioning to a renewable energy-dominated power system and maintaining a stable economy without putting pressure on society. While the goal is challenging, it is possible.
Oil and Gas in Asia – Current State and What Lies Ahead for the Industry
The oil and gas industry outlook in Asia is set to rise, yet as clean energy demand rises, oil and gas look set to follow coal's demise.
The Reality of Oil and Gas Industry’s Net-Zero Commitments
There has been an increase in oil and gas firms committing to achieve net zero by 2050. However, with rising CO2 emissions, the current scenario demands immediate action. Experts stress the need to set an interim target with clear timelines.
Debunking Net-Zero in Asia: Is It Even Possible?
Net-zero by 2050 in Asia is the desirable scenario, but, judging by the current progress,...
China’s Growing LNG Dependence – Is Increasing Imports the Solution?
In 2021 China became the world's largest LNG importer. This was in response to growing energy demands for economic growth, volatile energy costs, and lower than expected domestic generation. Will this be a sustainable option for China?
Is LNG the Fuel of the Future?
LNG is a valuable power source that can power the transition to renewable energy. Due to its versatility, it has many uses - transportation, heating, and electricity generation. We expect to see a significant increase in LNG access, consumption, and production in the coming decades.
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