Environment & Energy | Thursday 10 January, 2019 2:13 am

Saudi Arabia reveals rise in oil reserves and commits to Aramco listing

Saudi Arabia has revealed a rise in crude oil reserves following an independent audit, lifting the lid on deposits that have been the subject of intense speculation since the Kingdom revealed plans to sell shares in its national oil company.   The Kingdom’s proven oil and gas...

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Environment & Energy | Wednesday 9 January, 2019 6:16 am

Saudi Arabia delegation head to global renewable energy meeting

The Cabinet, chaired by King Salman, on Tuesday approved the Kingdom’s participation in the 9th session of the General Assembly of the International Renewable Energy Agency (IRENA) to be held on Jan. 10-13 in Abu Dhabi. King Abdullah City for Atomic and Renewable Energy (KACARE) and the...

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Environment & Energy | Saturday 5 January, 2019 1:48 pm

Oil ends week on a high thanks to Saudi output cuts, US jobs lift

Brent crude had its best week in two years, helped by Saudi production cuts and positive US jobs data. The global benchmark gained almost 10 percent this week after three consecutive weeks of declines. Despite the rally, markets remain jittery and focused on the outcomes of talks between the US...

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Environment & Energy | Tuesday 1 January, 2019 5:34 am

Saudi Aramco becomes full owner of LANXESS specialty chemicals firm

SAUDI Aramco, a world-leading integrated energy and chemicals company; and LANXESS AG, a leading German specialty chemicals company, announced Monday the completion of Saudi Aramco’s acquisition of LANXESS’s interest in Arlanxeo Holding B.V., a Netherlands-based specialty chemicals...

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Environment & Energy | Tuesday 1 January, 2019 2:00 am

RAK-based Pioneer Cement to Go Green, to Use Fuel from Waste for Production

Ras Al-Khaimah-based Pioneer Cement Industries, today said it has signed a landmark agreement with Emirates RDF that will lead to the use of fuel derived from household waste in its production plant.   In a statement, the company, which is a subsidiary of Oman’s largest cement...

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Environment & Energy | Friday 28 December, 2018 4:25 am

Saudi Aramco creates fuel retail subsidiary

Saudi Aramco is establishing a domestic fuel retailing subsidiary as part of the national oil company’s drive to expand beyond crude oil production into downstream businesses. The new firm, Saudi Aramco Retail Co, will create a network of filling stations within Saudi Arabia to sell...

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Environment & Energy | Sunday 23 December, 2018 5:00 am

Saudi Arabia ‘on its way to become a nuclear power’

Saudi Arabia’s population has grown from 4 million in 1960 to over 31 million in 2016. It is the main electricity consumer and producer in the Gulf region, with 345 trillion watts of gross production in 2016, of which 41 percent was produced from oil and 59 percent from gas. The electricity...

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Environment & Energy | Thursday 20 December, 2018 4:09 am

Saudi energy minister expects oil stocks to fall by end of first quarter

Saudi Arabia's energy minister, Khalid al-Falih, said he expects global oil stocks to fall by the end of the first quarter but added that the market remained vulnerable to political and economic factors as well as speculation. "We remain focused on fundamentals, I can tell you we will...

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Environment & Energy | Wednesday 12 December, 2018 2:18 am

Saudi Arabia’s up-and-coming energy park set to transform KSA into a global industrial powerhouse

Saudi Arabia is fast catching up with the world’s ever-growing energy and technology scene ahead of 2030. In fact, the King Salman Energy Park (SPARK) may soon prove a global destination for energy industry investors. The new energy city mega-project is being developed by Saudi Aramco,...

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Environment & Energy | Tuesday 11 December, 2018 3:38 pm

Dubai being crowned as the ‘Champion City’ for District Cooling Solutions:

The 8th edition of the International District Energy Association (IDEA) District Cooling Conference and Tradeshow 2018 ended today with a high note, Dubai being crowned as the ‘Champion City’ of the district cooling sector globally, showcasing a cooling capacity of nearly 2...

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