Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Others

Recent A.T. Kearney report released during the World Government Summit identifies three key steps required for the Middle East to prepare for the future of energy
Dubai, United Arab Emirates 13 February 2018 —   Growing global diversification of the energy mix and an increased share of natural gas, renewables and electrification, is challenging conventional approaches and business models in the energy value chain. Oil rich nations have a window of opportunity to transform and be well positioned to benefit from this shifting global energy landscape, according to recent report “The Great Energy Shift”, produced by global strategic management consultants, A.T. Kearney. 
Eduard Gracia, principal at A.T. Kearney said: “Market trends along the energy value chain are dramatically changing the landscape. We expect an energy market characterized by increased demand in addition to increased electrification, supply fragmentation and consumer power. This will over time lead to stabilization of energy prices and a convergence of energy markets”. 
According the report, three recommendations which will support oil-rich nations and national oil companies in the region to effectively address the global disruptive changes of the energy sector – embrace renewables; leverage gas reserves and expand down the value chain. 
Sean Wheeler, partner, A.T. Kearney said, “Our industry is rapidly changing. Global energy transition will lead to a broader mix of energy sources and a more fragmented supply, also in this region.” 
Many of the regional oil players have already initiated projects to prepare for the great energy shift ranging from investments, into solar energy and gas, to increasing downstream oil and gas investments. 
Commenting on this strategy, Rudolph Lohmeyer, vice president A.T. Kearney Global Business Policy Council said, “The Middle East enjoys an important advantage due to both its comparatively cheap hydrocarbon reserves and its geographic location. At these times of change, it is key that nations and national oil companies manage uncertainty by applying the disciplines of strategic foresight to their decision-making. This is particularly critical for a sector in which the returns on capital investment unfold over decades.”
The report concludes that oil rich nations must focus their investments on opportunities that leverage their competitive advantages, an educated workforce and the ideal geographic location. 

Posted by : GoDubai Editorial Team
Viewed 5984 times
Posted on : Tuesday, February 13, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story :
Next Story :
Email this article Print this article

Share this article with your friends and followers


Back to Top  
Most Viewed Press Release posted in the last 7 days
Filorga Launches Lift Range
Top Perfume Picks for Mother's Day @ Glambeaute.com
The Sheet Mask Trend
Nissan's e-POWER technology wins environmental award
Max launches its Inaugural Abaya Collection
It's Mother's Day!
Mother's Day Offer from Blush N Curls Salon
The Global Sensation UFO Lands in Europe at Cosmoprof 2018
Al-Futtaim Honda launches 10th generation Honda Accord
LULU Organic Food Activation
Drink yourself to looking younger with Skinade
Discover the MISA Cho Gong Jin Oriental and Herbal Skincare Range from Missha
The V-Tox Facial by Linda Meredith Skincare
An Open Secret - The new Flying Regulator Open Gear provides deep insights
Corporate Power Dressing redefined at Kachins Signature
UAE Jiu-jitsu Federation® Conducted the Official Weigh-ins of Abu Dhabi Grand Sl...
The only line you'll love in your face – your perfect jawline!
Reading Champions Declared at 10th Emirates Airline Festival of Literature
OMEGA Launches its NATO Strap “Pop-Up Boutique” in Paris
A Meet & Greet with the Pakistani Cricket Sensation Umar Akmal
GMC sets a new GUINNESS WORLD RECORDS title in partnership with Abu Dhabi Police
Cadillac Alghanim kicks off world-class opportunity in Kuwait
Own your pores like a Bioré Princess!
Milan-san Remo a Dream Target as Uae Team Emirates Announce Super-seven Line Up
ba&sh's Spring-Summer collection 2018
Raymond Weil introduces the Maestro Blues
The Dubai Mall unveils Fashion Avenue; the region's most prestigious luxury des...
Awqaf and Minors Affairs Foundation Attracts 1200 Emirati Job Seekers at Careers...
Beyond Beauty partners with Platinum Records to position teen sensation Hala Al ...
The Spring Summer 18 Womenswear Collection
GUESS Unveils the Kids Spring 2018 Collection and Campaign
UAE's first ICU Symposium attracts over 150 of GCCs top healthcare professionals
Sanofi introduces innovative therapy to help address high unmet medical needs of...
Velvet Caviar meets Roger Dubuis Diva power
10th Emirates Airline Festival of Literature Ends with a Bang!
Join the UAEs first Women's Warrior Challenge.
PCFC, GDRFA conclude Successful Marriage program ahead of 7th Mass Wedding
Alexey Firsov Solo Exhibition
SOUQ welcomes 3M's innovative products to serve everyday customer needs
ISNR Abu Dhabi 2018 closes on a high note, attracts record numbers of exhibitors...
Agreement signed in the presence of His Highness Sheikh Mohammed Bin Zayed Al Na...
Dubai ranked amongst the world's top destinations for FDI in the real estate market
Centrepoint Partners With Anghami To Launch New Talent Sessions
Business of beauty goes green at Beautyworld Middle East 2018 as Natural & Organ...
From Jade to Diamond
Munich Airport to develop unique, future-focused innovation campus
Matar Al Habsi wins AED 1 million Fazza Championship for Youlah
10 Must-see Activities at Dubai International Horse Fair This Week