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Oil Field
Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field
The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers
Oil & Gas Trade
Saudi Retains Top Spot Among China Oil Suppliers
Saudi Arabia has remained China’s number-one crude oil supplier.
Crude Oil
Opec+ Brought Stability to Oil Markets Through Its Policies, Saudi Energy Minister Says
The group delivered ‘more sustainability and more predictability’ to energy markets
Crude Oil
Russia And Saudi Arabia See Oil Oversupply In 2022
“Everybody is predicting a surplus of supply starting from the first or second quarter,”
Wind Power Project
Acwa Power been Awarded 1.1GW Wind Power Project in Egypt
Saudi Arabia’s ACWA Power has been selected to develop 1.1GW of wind power in Egypt, the developer revealed in its first quarterly results since launching its …
Crude Oil
Oil Gains After U.S. Infrastructure Bill Passes, Chinese Exports Rise
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia's state-owned producer Aramco…
Oil Price
Aramco Books 158% Surge In Q3 Net Profit On Higher Oil Prices
Saudi state energy giant Aramco booked a net profit of $30.4 billion for the third quarter of the year, up by 158 percent from the third quarter of 2020 on subs…
Energy Investment
Saudi Arabia Signs Direct Investment Pact with UK in ‘Next Step’ for Green Initiatives
Agreement followed green finance roundtable at FII summit in Riyadh
Wind Power Project
Vestas Plans to Open 400 MW Wind Power Plant in Saudi Arabia
Vestas has more than 70,000 turbines installed globally, replacing 220 million mt of CO2 every year, he said.
Saudi Arabia
TotalEnergies Dives Deeper into Saudi Downstream
State-controlled Saudi Aramco and TotalEnergies have launched two new fuel service stations in Saudi Arabia, the first since the pair set up a joint venture to …
Energy Storage Project
Huawei Secures Contract for 1300MWh Saudi Battery Storage Project
Technology company Huawei Digital Power has been awarded a contract to build what is claimed to be the world’s largest battery energy storage system in Saudi A…
OPEC
Saudi Oil Minister: OPEC+ Shouldn't Rush To Boost Production
Saudi Oil Minister: OPEC+ needs to remain cautious with its approach to oil production adjustments despite rising prices
Energy-Eficient Building
Saudi Startup Joins in National Efforts Promote Green Building
As global leaders converge at the Middle East Green Initiative Summit on Oct. 25, the focus will be on new ideas and proposals to replace the wasteful and pollu…
Hydrogen Project
Saudi Arabia to Use $110 billion Natural Gas Field for Blue Hydrogen
A large portion of gas from the $110 billion Jafurah development will be used for blue hydrogen, according to Energy Minister Abdulaziz bin Salman
Net Zero Emission
Saudi Aramco Pledges to Reach Net-Zero Emissions by 2050
Saudi Aramco's target excludes emissions from customers burning its crude, but is a decade sooner than a government timetable for the kingdom
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