Decarbonisation at the cost of energy poverty is not going to be a palatable proposition to many,” Sergey Vakulenko, Head of Strategy and Innovations of Gazprom Neft, tells OGN.
Global energy demand stands to grow as much as 50% by 2050 and it is expected to increase in developing economies, such as Bahrain, until 2035, and perhaps even beyond.
The future of business is not about replacing human talent with machines designed to do what humans do, says an industry expert, noting that the goal must be to augment managers with the technologies they need to do their jobs more efficiently.
Factors such as tepid Opec+ production hikes, gas-to-oil substitution, China’s power crunch and the inability of producers outside Opec+ to meet surging demand could well spur oil prices towards $100 per barrel (/b), a report said.
Despite increasing cyber-attacks targeting data in the cloud, the vast majority (83%) of businesses are still failing to encrypt half of the sensitive data they store in the cloud, raising concerns as to the impact cyber criminals can have, a report said.
The Middle East emerged as the only region to record improved confidence across six straight months spanning the second and third quarters (Q2 and Q3) of 2021, said the latest Global Economic Conditions Survey (GECS).
A total $84 trillion of assets under management (AUM) is now captured by net zero commitments of the AUM of signatories to the three largest net zero initiatives, said Barclays in a new report.
Global transport disruptors will be in Dubai next month for an event at Expo 2020 where they will share their vision on how people will travel and move goods in future with innovative concepts like Fifteen-Minute City and All-electric Hyperloop.
Gas was, is, and will remain the most realistic option to attain the energy transition, spur economic growth and social progress by providing competitive prices and a secure and abundant energy source.
Working remotely is more productive for 67.6% of UAE employees, said Poly, a creator of premium audio and video products, in a new report outlining the evolution of the workplace and changing employee attitudes to the 9-5.
