UAE—all hands on deck
The country is adopting a new energy identity which gives emirates, other than kingpin Abu Dhabi, greater and more diverse roles
Six emirates united under the UAE flag at a time when towns were slowly emerging from empty desert, caravans of camels decorated the horizon and agents of foreign energy firms examined dog-eared maps on the heated bonnets of their 4x4s. Since that day in December 1971, the energy paths of Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah and Umm al-Quwain have differed hugely. Ras al-Khaimah joined the UAE a year later. For nearly half a century, Abu Dhabi, and Dubai to a lesser extent, took the lead in fossil-fuel production and consumption. But now the playing field is beginning to level out as other emirates leverage their natural resources. Three key triggers are spurring change. The first is t
Also in this section
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
21 January 2025
The new president must put his cards on the table and tell the American people, and the world, if the US is formally abandoning the energy transition