Petroleum Development Oman and GlassPoint Commission the Middle East’s First Solar EOR Project
May 21, 2013
Enclosed Trough system uses the sun’s energy to produce steam for thermal EOR; exceeded contracted performance by 10 percent in first testContinue Reading >
Saudi Market Closes at One-Month High Led by Kayan Petrochemical
May 12, 2013
Saudi Arabian stocks rose to the highest in almost a month, led by petrochemical and telecommunications companies.
The Tadawul All Share Index (SASEIDX) gained 0.2 percent to 7,220.42, the highest since April 13, at the 3:30 p.m. close in Riyadh. Saudi Kayan Petrochemical Co. (KAYAN), a unit of Saudi Basic Industries Corp., advanced the most in more than 5 weeks,"......Continue Reading >
OPEC appoints Saudi in top research post over Iranian candidate
May 8, 2013
OPEC has appointed a Saudi Arabian candidate as its head of research over an Iranian, OPEC delegates told Reuters on Tuesday following a meeting at the organization's headquarters in Vienna.
Saudi Aramco's Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC after the"...Continue Reading >
Shell discusses future of energy at International Energy Forum in Riyadh
May 8, 2013
Called "New Lens Scenarios", the Shell outlook developed by a group of economic, political and energy experts explores different views of how the future might unfold to improve our understanding of the world's energy system in an era of shifting global dynamics.
"The global financial crisis has ushered in an era of macro-economic volatility and has accelerated the shift in influence from West to East. Hundreds of millions of people in emerging economies are moving out of poverty as global wealth levels rise, but at the same time,...
Saudi Arabia’s Diminishing Influence in the Oil Market
April 24, 2013
For three decades or so, Saudi Arabia has wielded considerable influence on the global oil market. The kingdom's status as the world's only "swing producer" has given it the unparalleled ability to influence oil prices by boosting or reducing its production and exports, which it has done at various times over the past few decades.
Indeed, Saudi Arabia may be the only major oil-producing"...
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