Tag Archive

Mohammed bin Salman named as first in line to the Saudi Arabia throne

Mohammed bin Salman named as first in line to the Saudi Arabia throne

June 21, 2017 No Comments

Saudi Arabia’s King Salman has appointed his son, Mohammed bin Salman, as next-in-line to the throne. A royal decree removed 57-year-old nephew of the king – Crown Prince Mohammed bin Nayef and replaced him with 31-year-old former deputy crown prince, Salman According to the official Saudi Press Agency, Salman was also named deputy prime minister […]

Saudi Arabia’s plans for renewable energy

June 14, 2017 No Comments

A second wind power project would be open for bids in the fourth quarter of this year followed by more solar projects. The Saudi government is making good on its pledge to introduce solar and wind power into the kingdom’s energy mix so that renewable energy becomes a growing part of the feedstock for the […]

Tags: , , , , Renewables
Six nations cut diplomatic ties with Qatar over claims it’s backing ISIS and al-Qaeda

Six nations cut diplomatic ties with Qatar over claims it’s backing ISIS and al-Qaeda

June 5, 2017 No Comments

The Command of the Arab Coalition in Support of the Legitimacy in Yemen has ended Qatar’s participation in the coalition. The coalition announced that it has decided to end the participation of the State of Qatar in the coalition due to its practices that enhance terrorism and support terrorist organizations in Yemen including Al-Qaeda and […]

Amec Foster Wheeler wins contract from Saudi Aramco

Amec Foster Wheeler wins contract from Saudi Aramco

June 1, 2017 No Comments

Amec Foster Wheeler announces today that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia. Under the five-year contract, Amec Foster Wheeler will deliver the pre-FEED, FEED, overall programme […]

Saudi Prince Meets With Putin To Discuss Oil, Syria

Saudi Prince Meets With Putin To Discuss Oil, Syria

May 31, 2017 No Comments

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman is meeting Russian President Vladimir Putin today to discuss the extension of OPEC’s agreement with 11 other oil producers to extend the cuts approved last November, as well as the situation in Syria. Earlier in the day, Russia’s Energy Minister Alexander Novak met with his Saudi counterpart, […]

Schlumberger Signs MoU with Saudi Aramco

Schlumberger Signs MoU with Saudi Aramco

May 23, 2017 No Comments

Schlumberger signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the Kingdom’s economic vision for 2030. The Schlumberger In-Kingdom Total Value Add roadmap includes the creation of jobs and enables development opportunities for Saudis in oil and gas services and related sectors. The roadmap also […]

OPEC Immune From Early Adoption Of Electric Cars, Says Glencore

OPEC Immune From Early Adoption Of Electric Cars, Says Glencore

May 23, 2017 No Comments

The low-cost producers in the Organization of Petroleum Exporting Countries (OPEC) will not experience the worst effects of declining oil demand caused by the accelerated adoption of electric cars, according to remarks by the chairman of Glencore on Monday. The mining company anticipates that while low-cost OPEC members may be relatively unscathed, electric cars will […]

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

Today’s Stunted Oil Prices Could Cause Oil Price Shock In 2020

May 23, 2017 No Comments

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil’s immediate future. As Saudi Arabia announces plans to slash production and move their economy away from oil dependency, many industry insiders are predicting that the now over-saturated market will reach an equilibrium with higher commodity prices […]

Saudi Arabia Announces Qualified Companies for Round 1 of National Renewable Energy Program

April 18, 2017 No Comments

The Renewable Energy Project Development Office (REPDO), of Saudi Arabia’s Ministry of Energy, Industry and Mineral Resources, has shortlisted qualified companies for round one of the National Renewable Energy Program (NREP). The qualified bidders have been identified based on a clear set of criteria that ensures bidders are both experienced and capable of delivering utility […]

Tags: , , , , Renewables

Saudi Arabia is targeting 9.5 gigawatt (GW) of renewable energy by 2023

April 18, 2017 No Comments

Saudi Arabia aims to produce 10 percent of its power from renewable sources in the next six years as it pushes ahead with a multi-billion-dollar plan to diversify its energy mix and free up more crude oil for export. The drive by the world’s top oil exporter will see the kingdom developing 30 solar and […]

Tags: , , Renewables
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