SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • An Oil Giant Quietly Ditched the World’s Biggest Carbon Capture Plant

    Unlike the newer technology used in Stratos, known as direct air capture (DAC), Century pulls CO2 from a dedicated source of emissions: It’s built into a natural gas processing plant. That older process is both better established and much cheaper than the newer machines built to suck CO2 from the air. There’s also the added advantage of a more direct business application, with Oxy deploying recovered CO2 from the gas plant as a tool to produce even more oil. But that older facility — with simpler tech and a production-linked incentive — has consistently failed to deliver results.

  • Saudi Aramco oil spare capacity at 3 mln barrels per day – CEO

    Saudi oil giant Aramco's (2223.SE) Chief Executive Amin Nasser said on Tuesday he saw global demand for oil at 103 million barrels a day (bpd) in the second half of this year while the company's spare capacity is now at 3 million bpd. Saudi Aramco (2223.SE) is able to ramp up oil production capacity "in a couple of weeks" if needed as global demand continues to rise, Nasser said at the Energy Intelligence Forum in London.

  • Hamas seeks Palestinian prisoners’ release, calls non-Israeli captives ‘guests’

    A top Hamas leader said on Monday the group "has what it needs" to free all Palestinians in Israel's jails, indicating the militant group may try to use the Israelis it kidnapped as bargaining chips to secure the release of Palestinian prisoners. Soon after Hamas official Khaled Meshaal made the remarks on the captives, who include Israelis and non-Israelis kidnapped by Hamas on Oct. 7, the group's armed wing separately said the non-Israelis were "guests" who would be released "when circumstances allow".

  • Gazans bombarded by Israel have no hope and no escape

    Most of the 2.3 million people in the Gaza Strip have no electricity and no water. And, with hundreds of Israeli strikes raining down on their tiny enclave, they have nowhere to run. The Palestinian territory, one of the most crowded places on Earth, has been under siege since Saturday in a near-constant bombardment that Gazan health officials say has killed more than 1,000 people. The blitz is retaliation for a devastating attack on Israel by Gaza's ruling group Hamas which the Israeli military says killed more than 1,200 people.

  • ‘Unprecedented’ Hamas attack on Israel shows ‘apparent quantum leap’ in capabilities, experts say

    Saturday’s attack was “unprecedented and an apparent quantum leap in Hamas's capabilities,” said Steven A. Cook, a senior fellow for Middle East and Africa Studies at the Council on Foreign Relations, or CFR. Mark Hertling, a former commander of U.S. Army Forces Europe, tweeted, “Operation ‘Al Aqsa Storm’ isn’t the typical Hamas attack. Israel is facing attacks on multiple domains & fronts, from an opponent with allies & supporters (Hezbollah, Islamic Jihad, Iran, even Russia), during a symbolic time (50th anniversary of Yom Kippur). Much more complex.”

  • Middle East Gas Giants Look To Capitalize On Booming Demand

    Global gas demand is projected to rise in the next decade, thus influencing a 12.5% surge in production between 2023 and 2030. However, Rystad Energy forecasts that even in scenarios of 1.9 and 2.5 degrees Celsius warming, with rapid growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply. Gas-rich geographies such as the Middle East, with basins such as Rub al Khali, will play an essential role in bridging that gap, providing an estimated 20 million tons per annum (tpa) of LNG by 2040.

  • Carbon Capture Technology Is Running Out of Time to Prove Itself

    Carbon capture and storage is one of the most contentious solutions in the drive to cut greenhouse gas emissions. In the last three decades, according to BloombergNEF data, governments and corporations have poured over $83 billion into projects. Last year the technology captured just 0.1% of global emissions.

  • Saudi Aramco’s venture capital arm leads $52m round for US firm Mighty Buildings

    Oakland, California-headquartered Mighty Buildings applies 3D-printing construction technology to make prefabricated, environmentally friendly and climate-resilient homes. Using its patented Lumus material, which the company says is five times stronger than concrete, it creates structures that can resist events including hurricanes and earthquakes.

  • Saudi Aramco’s venture capital arm leads $52m round for US firm Mighty Buildings

    Mighty Buildings, a 3D-printing construction technology firm, has raised $52 million in funding co-led by Saudi Aramco's venture capital arm Wa'ed Ventures and by BOLD Capital Partners, a US-focused firm. Existing investor Khosla Ventures and new investor KB-Badgers, a South Korean firm investing from its sustainability-focused fund, were among almost 20 investors in the round, Wa'ed Ventures said in a statement on Tuesday.

  • Preserving Saudi heritage amidst the modernising landscape is vital, say experts

    “Since the time Saudi Arabia said that Saudi tourism is going to be a thing here, we promised that we’re not going to do, we’re not going to replicate or duplicate anything that has happened already elsewhere. Yes, we can learn from whoever is doing it since before us, but definitely our idea is to build upon that. So start from what other people have left off, build upon that, then integrate Saudi hospitality values, or Saudi heritage, and so on and so forth,” said Salman Gasim, CEO of the Swiss Hospitality Company.