In this podcast interview with Al Attiyah Foundation, Dr. Carole Nakhle, CEO of Crystol Energy, discusses with Nawied Jabarkhyl the all-important yet controversial topics in global energy markets, including government policies and environmental taxes, the role of technology and innovation, and diversity and inclusion across the energy industry. There is still a major difference between what is being said and what is being done.
Key takeaways:
– Taxation is a complex subject, covering several facets, with traditional energy taxation focusing primarily on oil and gas, where significant progress has been made over the years. Interestingly, while the principles of a good taxation system have remained consistent, bottlenecks largely persist in implementation.
– Hydrogen is the topic of the day, but the market remains speculative with little clarity on its future landscape, as many projects are announced but few proceed to Final Investment Decision (FID).
– Technological advances in the oil and gas industry are reducing both the carbon footprint and operational costs, as digital technologies make processes faster, cheaper, and safer. Further progress is expected in addressing methane emissions through the adoption of advanced monitoring technologies, stricter regulatory frameworks, and industry initiatives aimed at reducing leaks and minimizing the environmental impact of oil and gas operations.
– While significant progress has been made in increasing women’s participation in the energy sector, there is still much more to be done to create equal opportunities across all levels of the industry, especially on the executive level.
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