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OIL AND GAS

SEC to implement smart meter project in February
January 23, 2020

Saudi Electricity Company (SEC) plans to launch the first phase of the smart metering project in early February.

SEC recently signed SR9.5 billion ($2.53 billion) worth of contracts for the comprehensive project, with a plan to install 10 million smart meters before the end of March 2023.

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International listing 'still on cards' for Saudi Aramco, says minister
January 23, 2020

Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said.

“It’s still on the cards, we made that very clear,” Al-Jadaan told Bloomberg TV in an interview in Davos. “We will consider it, but I don’t think it’s going to be anytime soon.”

Aramco"...

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Middle East Tensions to be Diminishing Factor in Oil Prices
January 22, 2020

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker grew to 70 USD per barrel shortly after the attacks, it"...

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Dream Chasing 20 years, Anton Oilfield Services Group to Embark on a Road Ahead
January 22, 2020

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton Oilfield Services Group was established in Tarim Basin,"...

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SNC-Lavalin awarded oil and gas contract from Al Dhafra Petroleum, United Arab Emirates
January 21, 2020

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under the nine-month agreement, SNC-Lavalin will provide front-end"...

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Saudi Arabia joins club of Middle East’s ‘green energy’ leaders
January 20, 2020

ABU DHABI: Saudi Arabia has become one of the Middle East and North Africa (MENA) region’s leaders in the race to use renewable energy, according to a new study.

The Solar Outlook Report 2020 was launched at the Solar Forum of the World Future Energy Summit, a highlight of this year’s Abu Dhabi Sustainability Week (Jan. 11-18).
The report, prepared by Middle East Solar"...

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Saudi, UAE to use more renewable energy
January 16, 2020

ABU DHABI — Saudi Arabian Energy Minister Prince Abdulaziz Bin Salman and his United Arab Emirates counterpart Suhail Al-Mazrouei emphasized the need to diversify energy sources by reducing fossil fuel dependence and increasing dependence on renewable energy.

The ministers were speaking at the World Future Energy Summit 2020 in Abu Dhabi on Tuesday, Al Arabiya English reported.

“We are talking about conversion of our energy mix"...

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Saudi PPPP 2020 showcases industry innovations and creations to support Kingdom’s diversification and prosperity
January 15, 2020

RIYADH — The 17th edition of Saudi Plastic and Petrochemicals Exhibition and the Saudi Print and Pack (Saudi PPPP) kicked off under the patronage and the presence of Bandar bin Ibrahim bin Abdullah Al Khorayef, Minister of Industry and Mineral Resources, at Riyadh International Convention and Exhibition Center.

This edition of the exhibition, which runs until January 16, will showcase a series of innovations and creations in the fields of printing,"...

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Saudi Arabia looks to cut emissions by adding more renewables to its energy mix
January 15, 2020

Saudi Arabia is committed to reducing emissions and will increase the use of gas as fuel to generate power and add more renewables to its energy reserves in the coming years, the country’s energy minister said on Tuesday.

The world's largest oil exporter is looking to diversify its energy mix by adding cleaner sources of power as it looks to free up more oil for export.

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Saudi energy minister: We want sustainable oil prices
January 14, 2020

Saudi Arabia, OPEC's de facto leader, will work for oil market stability at a time of heightened U.S.-Iranian tension and wants to see sustainable prices and demand growth, the kingdom's energy minister said on Monday.

Prince Abdulaziz bin Salman said it was too early to talk about whether the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known"...

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