This is part of a series of agreements recently signed by QatarEnergy expanding its international presence
QatarEnergy and Korea’s Hydrogen Convergence Alliance (H2Korea) signed an agreement to cooperate on hydrogen projects. The agreement provides a framework of cooperation between developing hydrogen energy sectors in both countries, and to share ideas and specific plans to encourage the growth of the hydrogen industry and the expansion of the hydrogen energy supply, in addition […]
Prince Charles said that "the kingdom's global leadership in energy transition is critically important".
The UK’s Prince Charles addressed the Saudi Green Initiative Forum in Riyadh, noting the importance of cleaner energy and the need for a green recovery. “At last, and after far too long, climate change and biodiversity loss are clear global challenges of paramount importance to the world,” HRH the Prince of Wales said. “At the […]
The industrial sector has managed exceptional expansion in Saudi Arabia despite market conditions
Despite the headwinds to global economic growth as a result of the pandemic, the industrial sector stands out due to its exceptional expansion, according to the H1 Saudi Arabia Industrial Market Review by global property consultant, Knight Frank. Faisal Durrani, Partner – Head of Middle East Research, Knight Frank, explained: “The government’s transformational vision for […]
This follows the Saudi Crown Prince's announcement of the ambition for KSA to achieve net zero emissions by 2060
Saudi Aramco is aiming to achieve net zero emissions by 2050, the company’s President and CEO Amin Nasser said at the Saudi Green Initiative Forum on Saturday. The announcement came after HRH the Crown Prince Mohammed bin Salman Al Saud revealed that Saudi Arabia aims to achieve net zero emissions by 2060 through the Carbon […]
Saudi Arabia is aiming to achieve net zero emissions by 2060
Saudi Arabia’s “bold” climate action plans have been praised by the United Nations after the Kingdom officially submitted its Nationally Determined Contribution (NDC) emissions pledge. Earlier, HRH Crown Prince Mohammed Bin Salman Al Saud announced that Saudi Arabia aims to achieve net zero emissions by 2060 through the Carbon Circular Economy approach. This is based […]
PGS will contribute seismic data from its global MultiClient data library along with technical expertise. and Mit-PFN Energy Co. will lead the AI algorithmic development
Mit-PFN Energy Co. and PGS have signed a Memorandum of Understanding (MoU) to jointly develop and commercialize Artificial Intelligence (AI) driven solutions to image subsurface structures. Analysis of subsurface images is required across the energy sector including oil and gas, carbon capture and storage, as well as in areas of the renewable energy sector, such […]
Crown Prince Mohammed bin Salman Al Saud has launched the first set of Saudi Green Initiatives
Crown Prince Mohammed bin Salman Al Saud, the Head of the Higher Committee for the Saudi Green Initiative (SGI), launched the first set of SGI environmental initiatives at its inaugural annual forum. SGI will also monitor the impact of initiatives that have been previously announced. In his opening remarks, HRH the Crown Prince announced a […]
Oil prices returned to gains on Friday as profit taking gave turn to the reality of supply and storage market concerns
Yesterday may have been a day of profit taking by the most impatient market participants but in tight market conditions that doesn’t last and supply tightness – in conjunction with falling storage levels – helped prices rise again. The upside risk to oil prices is real in the very near-term as there is little incentive […]
Ongoing and projected LNG production outages, could remove an incremental 4% of monthly supply off the expected market from November through February
Asia spot LNG prices, currently trading at around $35/Mmbtu levels, have found support from short covering demand and anticipations of price surges later in winter. Last week, the market heard of a potential disruption at the 9.6 Mtpa MLNG 2, which may need to operate at 75% nameplate capacity from January through March 2022 due […]
Oil prices rose in early trading hours as US stocks surprisingly fell further, but gains were overturned as traders seem to think it’s a good time to cash in
While the oil market expected crude inventories to finally rise, the EIA report of yet another draw last week helped prices rise even further in early trading, with Brent stunningly hitting a new high in years. The storage level of crude oil is the lowest in years in the largest US hub and that caused […]
