Read the November 2023 MEED Business Review

01 November 2023
Gulf embraces carbon capture; Abu Dhabi makes its push for bigger role on the global stage; Project finance demand booms amid gigaproject and PPP surge
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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.

The issue also focuses on the devastating situation in Gaza, with current affairs analysis on the war, as well as its potential impact on regional energy projects

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.

MEED has also interviewed experts in the market including Masdar's Abdulaziz al-Mubarak and Barclays’ Rasha Badawi.

This month's industry report examines regional project finance trends as public-private partnership activity rebounds.

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:

> AGENDA: Oil and gas faces pressing need to decarbonise

> 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

> EGYPT: Grand Egyptian Museum prepares to open

INDUSTRY REPORT: Project finance and PPP 
Robust financial fundamentals underpin deal-making on regional schemes as this year sees an uptick in the value and average size of public-private partnership (PPP) projects
> Liquidity drives project finance appetite
> PPP activity rebounds in 2023

> NEOMTop five Neom projects

> PIPELINESOQ Gas Networks maps out expansion plans

> INTERVIEWMasdar eyes major Saudi expansion

> BANKINGImpact investing reshapes financial priorities

> CLIMATECop28 must deliver on promises

> RED SEA GLOBALThe world’s largest ever plant migration


> COMMENTUAE eyes global leadership role
> POLITICS: Abu Dhabi networks on the global stage
> ECONOMY: UAE economy maintains robust growth
BANKSUAE banks enjoy the good times
> UPSTREAMHail and Ghasha galvanises UAE upstream market

> DOWNSTREAMAdnoc spurs downstream gas expansions
> POWERUAE closes ranks ahead of Cop28
> WATERUAE ramps up decarbonisation of water sector
> PROJECTSTop 10 UAE clean energy projects
> CONSTRUCTIONUAE construction sector returns to form
> TRANSPORTUAE aviation returns to growth

> Saudi World Cup 2034 creates long-term projects pipeline

Oil and gas players strive for net-zero goals
> Urgency grows for low-carbon water

> GULF PROJECTS INDEX: Gulf projects swell for eighth month

> SEPTEMBER 2023 CONTRACTSRegion records $25bn of deals signed

> MARKET SNAPSHOTMena water and wastewater

> OPINIONCall for Middle East peace is noblest of all

BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts

To see previous issues of MEED Business Review, please click here

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