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Two conferences in the Middle East this month opened insights on energy and sustainability from a Middle Eastern perspective. The enormous ADIPEC event in Abu Dhabi brought together hundreds of speakers in 10 different strategic areas and numerous technical sessions across four days. Discussion of sustainability occurred within the context of an imperative for investment to sustain growth in all forms of energy and especially oil and gas. The spotlight was also on AI which received praise for already providing remarkable efficiency gains…
Growing domestic and export demand for Permian’s natural gas is pushing pipeline developers to invest in new pipeline capacity in the U.S. Gulf Coast. Chemical and manufacturing industries and data centers looking for reliable energy supply drive increased domestic consumption, while the booming LNG exports from the Texas and Louisiana coasts, and at least half a dozen new export plants expected to start up by the end of the decade, are prompting new-built or expanded links to feed gas to the LNG facilities. With a favorable in-state regulatory…
For decades, the joke was that nuclear fusion would always be 30 years away. Harnessing the process that powers our sun here on Earth was a lofty thought experiment ripped from the pages of a science fiction novel that smacked of futurism rather than pragmatism. But in the last few years, the rate of technological breakthroughs has sped up astronomically, finally making commercial fusion a matter of when, not if. Achieving fusion here on Earth requires staggering levels of heat – in the region of 100 million degrees Celsius –…
I’ve followed the promise of small modular reactors (SMRs) and next-generation nuclear in several of my earlier pieces on OilPrice. The argument is familiar: nuclear provides low-carbon baseload, ensures energy security, and will one day deliver affordable, clean power. It sounds persuasive, until you look at the numbers. New nuclear remains slow, expensive, and deeply reliant on state support. In today’s European power markets, where renewables are already driving prices to record lows or even negative territory, the idea that nuclear…
International Holding Company (IHC) of Abu Dhabi has expressed interest to the U.S. Treasury to potentially acquire the international assets of Russia’s Lukoil, the UAE conglomerate told Reuters on Friday, joining a growing number of suitors for the foreign assets of the now sanctioned second-largest oil company in Russia. IHC told Reuters in response to a query whether it had expressed interest in Lukoil’s international assets to the U.S. Treasury Department, “Yes, we have expressed interest in Lukoil's foreign assets.” …
