Environment & Energy | Friday 7 July, 2023 1:28 am

Developing countries are the most important in efforts to tackle climate change, Crescent Petroleum CEO tells OPEC Seminar

The world is at a critical crossroads in the effort to cut carbon emissions and slow climate change, but current global climate policies are hindering the energy transition, Majid Jafar, CEO of Crescent Petroleum, the region’s oldest and largest private oil and gas company, told ministers and...

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Environment & Energy | Friday 7 July, 2023 1:03 am

Ministry of industry licenses 53 factories in April

Saudi Arabia licensed 53 new factories at a total investment value of SAR 5.8 billion in April, the Ministry of Industry and Mineral Resources said in a statement today, July 5.  The ministry indicated that these licenses were divided into seven activities, topped by manufacturing of food ...

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Environment & Energy | Thursday 6 July, 2023 10:23 am

OPEC ministers agree to support market balance, stability

The oil and energy ministers of the Organization of the Petroleum Exporting Countries (OPEC) met on the sidelines of the 8th OPEC International Seminar in Vienna to review market conditions. The ministers agreed to continue consultation with their non-OPEC counterparts, through already...

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Environment & Energy | Thursday 6 July, 2023 10:13 am

NEOM Green Hydrogen issues full notice to proceed to EPC contractor

ACWA Power Co.’s affiliate, NEOM Green Hydrogen Co., issued a full notice to proceed for the engineering, procurement and construction (EPC) contractor of NEOM Green Hydrogen Project. The notice was accepted, ACWA Power said in a statement to Tadawul today, July 6. The Saudi-listed firm ...

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Environment & Energy | Wednesday 5 July, 2023 1:40 pm

ENOC Link successfully fuels Dubai International Airport fleet, contributes to the UAE’s sustainability vision

ENOC Link, the digital mobile fuel supply service for businesses and consumers in the UAE by ENOC Group, announced it is now supplying the fleet at Dubai International Airport with reliable, safe and convenient access to fuel.  Through ENOC Link, the airport fleet has halted the two fuel...

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Environment & Energy | Wednesday 5 July, 2023 9:02 am

SWCC deploys Innovative Floating Desalination Barges to Meet Water Demand During Hajj Season

To meet the surging demand for potable water during the Hajj season in Makkah and Madinah, the Saline Water Conversion Corporation (SWCC) deployed floating desalination barges to address the seasonal water requirements. With over 1.6 million pilgrims having arrived in Saudi Arabia, the timely...

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Environment & Energy | Tuesday 4 July, 2023 1:36 pm

Business Leaders at London Climate Action Week Urge Ambitious Action Ahead of COP28

Ahead of COP28 UAE climate conference being held in Dubai from 30th November 2023, business leaders gathered along with policy makers in London at the London Climate Action Week between the 24th of June and the 2nd of July to forge partnerships aimed at advancing progress towards climate and nature ...

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Environment & Energy | Monday 3 July, 2023 1:51 pm

Ministry of Energy: Saudi Arabia will extend the voluntary cut of one million barrels per day for another month to include August

An official source from the Ministry of Energy announced that the Kingdom of Saudi Arabia will extend the voluntary cut of one million barrels per day, which has gone into implementation in July, for another month to include the month of August that can be extended, and in effect, the Kingdom’s...

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Environment & Energy | Tuesday 27 June, 2023 1:30 am

Global oil market fundamentals sound for rest of 2023: Aramco CEO

Global oil market fundamentals are expected to remain sound for the rest of the year, underpinned by healthy demand in developing countries, especially in China and India, Saudi Aramco CEO and President Amin Nasser said.   On Aramco’s strategy in Asia, Nasser said: “We are...

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Environment & Energy | Tuesday 27 June, 2023 1:02 am

OPEC sees global oil demand rising to 110 mln bpd by 2045

The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to rise to 110 million barrels per day (bpd) by 2045 and oil to account for nearly 29% of the energy mix by then.   "The world cannot do without oil in the foreseeable future," OPEC Secretary...

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