Wednesday, July 05, 2023
All about crude "market stability"
Tuesday, November 23, 2021
Glimpses of GMIS 2021
As we embark on a post-COVID journey, it is heartening to note that energy, industry and manufacturing events are gradually returning to the physical format with all of us having had enough of endless Zoom conferences in lockdown. One such signature fixture that's back with a bang is the Global Manufacturing and Industrialisation Summit (GMIS), established in 2015, to further dialogues on the Fourth Industrial Revolution’s transformative potential.
A joint initiative between United Nations Industrial Development Organization (UNIDO) and the Ministry of Industry and Advanced Technology of the United Arab Emirates, GMIS 2021 has returned to the physical format from November 22 to 27, 2021 in Dubai alongside the Dubai Expo 2020. Here are some glimpses of the ongoing event:
Dubai Exhibition Centre where GMIS & Expo 2020 are being held |
'Make it in the Emirates' & GMIS2021 going hand in hand |
US Climate Envoy John Kerry (right) & ADNOC CEO Sultan Al Jaber get the lowdown on RoboRace car at GMIS2021 |
CEO of Mubadala Khaldoon Al Mubarak tells US journalist John Defterios that the UAE is going big on AI investment |
Vision of making Dubai a solar powered City |
Friday, June 22, 2018
The prospect of ‘OPEC-plus’ or ‘Super-OPEC’?
Monday, September 21, 2015
Bypassing the Strait of Hormuz from Fujairah
Among a plethora of crucial subjects up for discussion at a time of low oil prices, much thought in a new place one hadn’t been to before, went towards pondering over an old critical topic – crude oil shipping lanes in the Middle East.
The region's geopolitical tensions have threatened to disrupt oil shipping and other maritime movements at various points over the last five years and counting, even though an actual maritime disruption thankfully hasn’t take place (so far). But whether it’s the Suez Canal, Bab al-Mandab Strait and the Strait of Hormuz, through which a fifth of the world’s oil passes, the threat of naval affray will ever go away.
PIC’s Fujairah Refinery project, currently on cards, will process domestic crude oil, including Murban and Upper Zakum, with ready storage and dispatch facilities. And of course, those playing contango would wonder if Fujairah and rival Omani ports could (in the not to distant future) provide a Middle Eastern storage hub to rival onshore storage elsewhere. Discussions with key EMF 2015 delegates under Chatham House Rules point to a high degree of optimism on the subject of enhanced storage in Middle East whether or not contango plays pay-off.
Senior ADNOC, Gulf Petrochem, IPIC executives, policymakers and others told this blogger that what’s afoot in Fujairah is about future proofing and providing the region with a world class facility to process, store and ship domestic crude. Everything else would be secondary.
In any case, by the time planned works and storage enhancements come onstream, the current contango play might well be over and done with! That's all from the UAE folks. Keep reading, keep it ‘crude’!
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To email: gaurav.sharma@oilholicssynonymous.com
Tuesday, December 09, 2014
‘Petroleum Club’, policy choices & ‘crude’ control
The policymaking choices they face today could have a massive bearing on the future direction of their economies and overall management of national oil wealth. Every national market’s direction is ultimately shaped by the level of control its government wishes to have over domestic exploration and production.
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Saturday, October 26, 2013
An ‘Atlas’ of e-learning for a contact sport
The mode of communication usually involved barking verbal instructions in highly colourful language with bulky printed training manuals on-hand containing everything from evacuation routes to rules and regulations. All of this has changed and rather dramatically, if one may add. What started as a slow, but sure, transformation at the turn of the millennium came in the form of former roughnecks and rig engineers imparting their wisdom for the benefit of budding on-site professionals via training courses using the electronic medium.
NOTE: November 1, 2013 - To read this blogger's interview with Atlas CFO Graeme Park for CFO World click here.
Saturday, August 24, 2013
Saudi’s ‘crude’ range, Fitch on Abu Dhabi & more
Thursday, August 30, 2012
G7’s crude gripe, “Make oil prices dive”
Tuesday, August 28, 2012
The world according to ENOC, Jebel Ali & more
Sunday, August 26, 2012
Oil rich Abu Dhabi’s 'benign' shadow over Dubai
The Oilholic thinks strings weren’t attached; Abu Dhabi quite simply now holds most of the strings! So it was fitting that on January 4, 2010, when Emaar inaugurated the world tallest building (pictured right) – its name was promptly changed from Burj Dubai to Burj Khalifa in honour of Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, the Emir of Abu Dhabi.
Saturday, August 25, 2012
Talking global 'crude' capex in the Emirates
Wednesday, February 08, 2012
Corporate crude chatter: Xstrata, Glencore & more
Friday, September 30, 2011
Addressing the information gap on Abu Dhabi
Yet it is not all about the oil as Davidson explains via his book of just under 250 pages split by seven detailed chapters. He dives into history and sequentially charts Abu Dhabi’s transformation from an 18th century sheikdom to its current status in the global economy. Dynastic politics, culture, strategic investment (via its mammoth sovereign investment fund), regional influence, have all been examined in some detail, along with the emirate’s “new economy” and its moves away from a traditional oil and gas export oriented structure.
However, the book need not be mistaken for a glorified tale or positive spin about Abu Dhabi. Rather it is a pragmatic examination of the emirate. To this end, the author does not shy away from discussing a number of problems that may surface to impede economic development and undermine political stability in his concluding chapter.
Civil and socio-economic issues, media censorship, an underperforming education sector, terrorism and rising federal unrest have all been discussed. Overall, Davidson’s work is interesting and informative. It is a must read for those interested in Middle Eastern geopolitics and oil. That aside, students of history, the oil business and those of a curious disposition fascinated by the Emirates might find it well worth their while to pick this title up.