Oil and Gas Middle East News this week
Oil & Gas Middle East
Oil & Gas Middle East is the source of information for the region's oil & gas leaders and professionals.
It was quite a busy week in oil and gas news. The energy transition and take-over talks lead the way.
Some of the top stories were:
Energy industry M&A shows resilience and strategic shifts in 2023 and 2024
In 2023, M&A activity proved to be resilient and in 2024 the consolidation continues to grow at a steady rate. So what is driving these takeovers? Does the investment industry see more mergers in the near future? Find out more below:
Speaking of mergers, the UAE-based ADNOC is looking at it's own petrochemical merger.
Falcon’s precision: Why ADNOC is targeting Covestro for strategic growth
What is driving this deal forward after a year of negotiations? What is bringing the two parties closer to a deal?
Read more here:
The energy transition is playing a large role worldwide as oil and gas companies look to reduce their emissions. One key technology is that of Carbon Capture, Utilisation, and Storage (commonly called CCUS).
Wood Mackenzie provides some valuable insight into this market.
Global carbon capture capacity set to surge by 2034, Wood Mackenzie reports
Find out more about what Wood Mackenzie had to say:
One interesting story is that cyberattacks are on the increase globally and even in the Middle East - with oil and gas companies being major targets.
Energy sector in the crosshairs as Middle East cyberattacks skyrocket
So what is driving the growth of these attacks? What can the industry do?
Find out more here: