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Saudi arabia
Solar Power Plant
Red Sea Global Unveils Ambitious $1.5BN Carbon-Neutral Utility Project in Saudi Arabia
Renewable energy for the project will be provided through a solar PV plant with a 340MW capacity, as well as a 1,200MW BESS (battery energy storage system), and…
Oil Exploration
Fresh Batch of Offshore Contracts Brings Saipem $650 Million
Italian oilfield services provider Saipem has been awarded three new offshore engineering, procurement, construction and installation (EPCI) contracts and two f…
Crude Oil
Surprise Move: OPEC+ Announces Deep Production Cuts to Stabilise Crude Markets
Together with Russia’s announced production cuts, Opec+ move spells output cuts of 1.6 million barrels per daySaudi Arabia, the United Arab Emirates (UAE)…
Oil & Gas Trade
Saudi Arabia, UAE and Allies Announce Surprise Oil Production Cuts
Saudi Aramco's Ras Tanura oil refinery and oil terminal. Opec+ members Saudi Arabia, the UAE, Iraq, Kuwait and Algeria have agreed to voluntary oil producti…
Oil & Gas Technology
Saudi Aramco Buys 10% Stake in China’s Rongsheng Petrochemical in $3.6BN Deal
Aramco will supply 480,000 bpd of Arabian crude oil to Rongsheng affiliate Zhejiang Petroleum and ChemicalSaudi Aramco said the deal with Shenzhen-listed petroc…
Oil & Gas Trade
Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says
The country is expected to import a record amount of crude this year amid an economic reboundSaudi Aramco's chief executive Amin Nasser. Saudi Arabia export…
Saudi Arabia
Saudi Aramco to Start Building China Refinery and Petrochemical Complex
project announced last year will be fully operational by 2026Saudi Aramco, Norinco Group and Panjin Xincheng Industrial Group will start construction of a refin…
Solar Power Plant
ACWA Power Secures PPAs for 1.4 GW of Solar, 1.5 Gwh of Storage in Uzbekistan
ACWA Power says it will develop three PV projects in Tashkent and Samarkand, Uzbekistan. It will also install storage capacity in Tashkent, Bukhara and Samarkan…
Geothermal Power Plant
TAQA and Reykjavik Geothermal Form Joint Venture
TAQA and Reykjavik Geothermal have formed TAQA Geothermal Energy with the aim of developing geothermal resources in Saudi Arabia.
Oil Price
Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices
Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…
Solar Power Plant
Saudi Arabia’s Acwa Power to Build Two Solar Plants in Uzbekistan With 1.4GW Capacity
Uzbekistan's capital Tashkent will host one of the new solar power plants, under the deal with Acwa. Photo: flydubaiSaudi Arabia's Acwa Power has signed…
Wind Farm
ACWA Power Inks Major Renewable Development Deal With Kazakhstan Government for 1GW Wind Energy and Battery Storage Plant
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, has announced a groun…
Carbon Emissions
Saudi Arabia’s Swcc Partners With Korea’s Carbonco to Advance Carbon Capture and Storage
Carbonco and SWCC will cooperate on the adoption of CCUS technology, which captures carbon from power plants operated by SWCC and utilises it in the seawater de…
Solar Technology
Saudi Arabia’s Neom Explores Unlimited Solar Power Generation From Space
From attached solar panels unlimited solar energy could be beamed back to the planet using advanced radio technologySaudi Arabia is backing a British firm devel…
Geothermal Power Plant
Saudia Arabia to Undertake Geothermal Exploration
Mountain Range near Jeddah, Saudi Arabia (source: flickr/ yosoynuts, creative commons)The Ministry of Energy of Saudi Arabia and the Saudi Geological Survey (SG…
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