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As the biggest source of global greenhouse gas emissions, the carbon-intensive oil and gas industry is under increasing pressure to reduce its carbon footprint.
Recent developments demonstrate how quickly change is taking place to decarbonise the sector.
During October's Adipec conference in Abu Dhabi, the largest-ever investment in decarbonisation in the Middle East and North Africa region was announced.
Adnoc’s $17bn Hail and Ghasha offshore sour gas field development project aims to capture 1.5 million tonnes a year of carbon dioxide emissions.
Projects like this – along with those initiated by Saudi Aramco, QatarEnergy, Bahrain’s Bapco Energies and Oman’s OQ, among others – underscore the allure of carbon capture technologies for oil and gas enterprises.
In the latest edition of MEED Business Review, our oil and gas team discusses the expectation that carbon capture, utilisation and storage (CCUS) projects are likely to enjoy significant funding in the coming years, as a means to prolong the viability of existing facilities.
This month's exclusive 20-page market report, meanwhile, spotlights the UAE, as Abu Dhabi steps up its activity on the world stage, forging a new diplomatic and strategic role for itself in the increasingly divided global geopolitical landscape.
MEED's latest issue is packed with analysis on topics including the opening of the Egyptian Grand Museum, Oman's expanding gas network, the world's largest plant migration, the upcoming Cop28 climate summit and Neom's top 5 projects.
We hope our valued subscribers enjoy the November 2023 issue of MEED Business Review.
Must-read sections in the November 2023 issue of MEED Business Review include:
> INVESTMENT OUTLOOK: Bright outlook for carbon capture investment
> SPENDING: Gulf invests to cut carbon
> CURRENT AFFAIRS: Gaza war brings Levant to the precipice
> EAST MEDITERRANEAN: Gaza conflict casts shadow over energy projects
INDUSTRY REPORT: Project finance and PPP
> NEOM: Top five Neom projects
> PIPELINES: OQ Gas Networks maps out expansion plans
> INTERVIEW: Masdar eyes major Saudi expansion
> CLIMATE: Cop28 must deliver on promises
> RED SEA GLOBAL: The world’s largest ever plant migration
> UAE MARKET FOCUS:
> COMMENT: UAE eyes global leadership role
> POLITICS: Abu Dhabi networks on the global stage
> ECONOMY: UAE economy maintains robust growth
> BANKS: UAE banks enjoy the good times
> UPSTREAM: Hail and Ghasha galvanises UAE upstream market
> DOWNSTREAM: Adnoc spurs downstream gas expansions
> POWER: UAE closes ranks ahead of Cop28
> WATER: UAE ramps up decarbonisation of water sector
> PROJECTS: Top 10 UAE clean energy projects
> CONSTRUCTION: UAE construction sector returns to form
> TRANSPORT: UAE aviation returns to growth
> GULF PROJECTS INDEX: Gulf projects swell for eighth month
> SEPTEMBER 2023 CONTRACTS: Region records $25bn of deals signed
> MARKET SNAPSHOT: Mena water and wastewater
> OPINION: Call for Middle East peace is noblest of all
> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts
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