The MENA region is an attractive CDM destination as it is rich in renewable energy resources and has a robust oil and gas industry. Surprisingly, countries in MENA host very few and declining number of CDM projects with only 23 CDM projects registered till date. The region accounts for only 1.5 percent of global CDM projects and only two percent of emission reduction credits. The two main challenges facing many of these projects are: weak capacity in most MENA countries for identifying, developing and implementing carbon finance projects and securing underlying finance. The registered CDM projects in MENA countries are … Continue reading →
During the exploration and production of oil, huge amounts of drilling wastes are produced in the form of mud and cuttings. As per conservative estimates, around 0.37 kg of drilling wastes is generated for every barrel of oil produced. The American Petroleum Institute (API) has estimated that approximately 1.21 barrels of total drilling wastes are generated for every foot drilled. The Middle East oil and gas industry has made a lot of effort in order to reduce the environmental impact of their activities; modern drilling methods such as horizontal drilling, navigating the drill bits three dimensionally through the earth, contacting … Continue reading →
The oil and gas industry is universally considered one of the riskiest industries and arguably one that faces several challenges. Over the years, there have been notable cases of oils spills and refinery explosions linked to devastating environmental effects. Other concerns include the construction of oil and gas infrastructure, which causes environmental pollution and disruption of wildlands and wildlife habitat. All these are serious concerns that the entire industry and government institutions are trying to solve. In recent years, oil and gas giants have developed risk assessment and mitigation measures to help them stay competitive in the highly volatile market. … Continue reading →
The Arab energy sector has played and will continue to play an important role in the regional as well as global economy. In addition to satisfying energy needs for economic and social development, it is the source of oil and gas export revenues contributing to economic development. The Arab oil and gas sector represents the largest economic sector in the region. Increase of oil revenues were the main drivers for economic development in most of the Arab oil producing countries. The Arab economies, as well, are heavily dependent on oil and gas to meet their domestic energy demand. Oil contributes … Continue reading →
For decades, the oil and coal industries and some of their largest industrial customers have conducted a sophisticated and wildly successful multi-million dollar campaign to convince the public that climate change is not a serious threat. The impetus for the climate change disinformation campaign has been to protect industry profits by blocking any action designed to reduce the emission of carbon dioxide and other global heating gases produced in burning fossil fuels. Policies such as carbon taxes and carbon caps are intended to limit the release of carbon dioxide by restraining demand for fossil fuels. Fossil fuel companies, however, have … Continue reading →
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