تحت رعاية صاحب السمو الشيخ خليفة بن زايد آل نهيان رئيس دولة الإمارات العربية المتحدة

Under the Patronage of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of The United Arab Emirates

Supported by

ADIPEC in the News

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Oil Demand Set to Peak in 2030 Predicts Mubadala’s CEO of Petroleum and Resources Musabbeh Al Kaabi

Global demand for oil is likely to peak around 2030, as the world recovers from the impact of COVID-19, according to Musabbeh Al Kaabi, CEO of Petroleum and Resources at the UAE’s Mubadala Investment Company. In a wide ranging interview, conducted as part of the ADIPEC Energy Dialogue series, Al Kaabi shared his outlook on the recovery of oil and gas markets and the long term impact of demand post COVID-19 on energy supply and demand.

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Smaller operators in Africa see that energy transition is ‘good business’ and to use their position of agility to make the right changes now

The oil and gas industry has been impacted severely due to the COVID-19 pandemic; however, with the industry now actively embracing the digital transition and moving to new grounds to sustain itself, business continuity amidst the current downturn has a pivotal role to play.

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Blue vs Green Hydrogen Split Delaying Transition to Sustainable Energy Future

Participating in the latest ADIPEC Energy Dialogue, Mehren said the dogmatic debate around green hydrogen, generated by renewable energy sources and ‘blue’ hydrogen, for which carbon emissions are captured and stored, or reused, threatens to delay the worldʼs transition to a sustainable energy future.

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Leveraging Synergies Created by the Convergence of Operational and Engineering Technologies and Digitalisation, Can Deliver Significant Savings for Energy Companies

Participating in the latest ADIPEC Energy Dialogue, Dr Terwiesch said up to 80 per cent of energy industry plant shutdowns, caused by human error, or rotating machinery or power outages, could be mitigated through a combination of electrification, automation and digitalisation.

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The oil and gas industry should use technology to reimagine the global energy system

The global oil and gas industry needs to embrace a new business mindset and new digital skills if it is to reap the benefits from deploying advanced digital technologies, such as artificial intelligence, big data and analytics, robotics and quantum computing.

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The worst is over for oil and gas markets on the back of production adjustments and countries opening up

The huge and unprecedented oil market imbalance that faced the industry in April in the wake of COVID-19 pandemic required an unparalleled response from producers, according to His Excellency Mohammad Sanusi Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC).

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Oil and gas industry can implement new ways of working with its suppliers to mitigate financial distress

The triple shock of COVID-19 and the subsequent collapse of energy demand and oil prices have put the future of the oil and gas industry’s oil field equipment supply sector under threat, as operators impose activity and price cuts and renegotiate contracts to reduce costs.

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Manufacturing Holds Key to Recovery of Oil and Gas Markets, Revealed at This Week's ADIPEC Energy Dialogue

A revival in manufacturing across the world holds the key to the mid-term recovery of oil and gas markets, with consumer demand likely to lag as the energy industry begins to recover from the twin shock of the COVID-19 crisis and the resulting demand crash. Participating in the latest online ADIPEC Energy Dialogue, Rachel Ziemba, an economic and political risk expert and Founder of Ziemba Insights, said the early signs from China, the first major economy to exit from the COVID-19 induced lockdown, are that manufacturing has bounced back more than consumption and that trend could be repeated in other countries.

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Digital Technology Key to Post COVID-19 Recovery of Offshore Oil and Gas Industry, Reveals ADIPEC

Companies involved in the offshore oil and gas sector should use the COVID-19 pandemic, as a springboard to create stronger, more sustainable businesses, using digital technologies to do more with less and make the industry more exciting to the next generation of talent.

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Innovation and Digital Ingenuity Lead the Way for This Year’s ADIPEC Awards

The ADIPEC Awards have attracted over 600 submissions from more than 50 countries for the 2019 edition, the number of entrants increased by 92 percent compared with 2018, demonstrating the depth of professional talent and range of opportunities available in today’s oil and gas industry.

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Adapt or die: Why Europe’s business must embrace Industry 4.0

Europe’s car industry was rocked by some alarming news this week: in the next three years, one of the continent’s iconic brands is expected to go out of business. That, at least, is the finding of a newly published study of over 300 automotive industry leaders from France, Germany, Italy and the UK.

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US $859bn Oil, Gas and Petrochemical Projects Underway or Planned in the MENA Region as Global Demand for Energy Rises

Oil, gas and petrochemical projects, valued at more than US $859 billion, are either underway or planned in the Middle East and North Africa, of these US $283 billion are projects are being implemented, as the region gets ready to meet the forecast increases in demand for energy over the next two decades. According to industry forecasts global oil demand will increase by at least 10 million barrels per day by 2040, while natural gas demand is set to grow by 40 per cent and petrochemicals by 60 per cent. The expansion in demand for petroleum and petrochemicals in particular, says dmg, is driving downstream investment across the MENA region.

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Opinion: why we still need OPEC

Moreover, 160 years since the oil age began, the market will discuss that future at ADIPEC, hosted by the Abu Dhabi National Oil Company (ADNOC). As the modern economy grapples with the impact of “Industry 4.0”, the world’s energy ministers, officials and industry leaders – many of whose words can move prices – will come together here to shape the future course of the oil & gas sector. Their objectives remain as they ever were. Industry participants have realised the economic and financial benefits to individuals, companies, countries, and societies from managing the oil market. If they can get it right, the gains could be huge.

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Oil and Gas industry’s digital transformation fast tracked as Middle East energy companies seek faster and leaner exploration and production

Digital transformation of the oil and gas industry in the Middle East and North Africa continues to be fast tracked, as energy companies across the region ramp up investment in technologies supporting faster and leaner exploration and production and optimisation of costs. In the past five years the MENA region has seen a tight focus on cost reduction, as oil and gas companies have responded to changes in the energy market, with much of the industry’s research and development spend focused on technologies to enhance the efficiency of new and existing projects.

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Anything That Can Be Digitized Will Be. The Oil and Gas Industry Should Be On Alert

The oil and gas industry is being reshaped by changes in demand and new technologies. Growth in demand is shifting to the Middle East, Africa and Asian economies and away from Europe and North America. Clever technologies such as multi-stage hydraulic stimulation and horizontal drilling are unlocking trapped resources and transforming the U.S. from one of the world’s largest buyers of crude oil and gas to one of its largest sellers.

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Businesses need to foster talent for a positive impact and lasting value

As we enter what some have called the “fourth industrial age” it is clear that this is an era defined by a transformation, not just of technology, but of opportunity. Never before in human history are so many people being raised out of poverty in such a short amount of time. For the first time in history, half the world’s population is now middle class, and by 2030 their number will swell to 5.6bn – two thirds of the global population.

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Seeking recruits for a new Oil and Gas 4.0 horizon

The oil and gas industry is on the cusp of profound operational changes underpinned by emerging technologies. The transformative impact of this new wave — labelled the fourth industrial revolution or Industry 4.0 — is being felt to such an extent that the International Energy Agency (IEA) has started factoring in probable additional global oil reserves courtesy optimised conventional and unconventional production.

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