Environment & Energy | Saturday 8 December, 2018 12:44 pm

KSA takes part in Arab Electricity Union conference

Dr. Naif bin Mohammed Al-Ebady, undersecretary for electricity at the Ministry of Energy, Industry and Mineral Resources, led the Kingdom’s delegation to the sixth general conference for the Arab Electricity Union being held in Jordan. Al-Ebady reviewed the country’s experience...

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Environment & Energy | Saturday 8 December, 2018 2:07 am

Oil prices surge on OPEC deal to cut output by 1.2m barrels

Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market. The Organization of the Petroleum Exporting Countries and its Russia-led allies, referred to...

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Environment & Energy | Friday 7 December, 2018 1:56 am

Saudi Crown Prince to Attend Aramco Megaproject SPARK launch next week

Saudi Arabia's Crown Prince, HRH Mohammed Bin Salman Bin Abdulaziz, will attend the ceremony at which Aramco will fire the starter pistol for construction of the megaproject, located in the kingdom's Eastern Province. The groundbreaking ceremony for Spark will be held at...

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Environment & Energy | Thursday 6 December, 2018 1:32 am

The 8th International District Cooling conference to kick off 9th December in Dubai

Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, announced that the 8th International District Energy Association (IDEA) Annual Conference and Tradeshow 2018 will be held under the patronage of His Highness Sheikh Ahmed bin Saeed Al ...

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Environment & Energy | Wednesday 5 December, 2018 2:46 am

Saudi energy minister participates at UN climate change summit

The Minister of Energy, Industry and Mineral Resources headed Saudi Arabia’s delegation on Tuesday to the Summit of the Heads of States’ Parties at the UN summit on Climate Change. Minister Khalid Al-Falih is participating on behalf of Saudi Arabia’s King Salman, from Dec. 2 to...

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Environment & Energy | Tuesday 4 December, 2018 3:14 pm

Saudi Energy Minister to Bloomberg Television: Premature to Say if OPEC+ to Cut Output

In an interview with Bloomberg Television, Saudi Arabia’s Energy Minister Khalid Al-Falih said it was premature to say if OPEC+ will cut output.    Speaking to Annmarie Hordern, Al-Falih added:   Uncertain what size supply cut the world needs It’s OPEC+...

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Environment & Energy | Tuesday 4 December, 2018 1:14 pm

Saudi Aramco Awards BHGE Major Well Services Contract for Conventional Fields in Saudi Arabia

Baker Hughes, a GE company (NYSE:BHGE) has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimizing production from new and existing wells across conventional fields in Saudi Arabia.    Demonstrating the strength and breadth of its...

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Environment & Energy | Monday 3 December, 2018 6:47 am

Saudi minister: OPEC+ deal ‘supports global economy’

Saudi Arabia’s energy minister said on Sunday that an agreement to cut oil output had helped stabilize the market, as Russian President Vladimir Putin signaled the deal will be extended.   Khalid Al-Falih, on a visit Bogota, met with Maria Fernanda Suarez, Columbia’s...

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Environment & Energy | Saturday 1 December, 2018 2:44 am

SEC inks SR8 billion credit facility deal with 8 international banks

Saudi Electricity Company (SEC) on Thursday signed a revolving credit facility agreement with eight international banks with a maximum amount of SR8.06 billion ($2.15 billion). The credit facility has been divided into two tranches: the first with a maximum of SR5,918 million ($1,578 million),...

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Environment & Energy | Thursday 29 November, 2018 3:26 pm

HE Saeed Mohammed Al Tayer meets Deputy Executive Secretary of UNFCCC

HE Saeed Mohammed Al Tayer, Chairman of the World Green Economy Organization (WGEO) met with Ovais Sarmad, Deputy Executive Secretary of United Nations Framework Convention on Climate Change (UNFCCC) at the UNFCCC Headquarters in Bonn, Germany. During the meeting, HE Saeed Mohammed Al Tayer...

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