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Saudi Aramco to Invest Doubled Profits, with a Focus on Upstream
- March 22,2022
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- SUSTG Team
Saudi Aramco said its 2021 net profit more than doubled to $110 billion, in what amounts to a significant boost to the Kingdom’s economy as it seeks to continue ahead with Vision 2030 economic and social reforms.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Mae Al-Mozaini, CEO and co-founder of Nusf, joins The 966 to talk about women’s empowerment in Saudi Arabia
- March 18,2022
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- SUSTG Team
Mae Al-Mozaini, Founder and CEO of the Arab Institute for Women’s Empowerment (Nusf) and former Aramco executive talks with The 966 about her experiences growing up in Saudi Arabia, working with Aramco, and the positive impact Nusf is having by empowering future female Saudi leaders.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Analysts Question Reported Saudi Interest in Pricing Some Oil in Yuan
- March 16,2022
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- SUSTG Team
The Wall Street Journal reports that Saudi Arabia is in active talks with China to price some of its oil sales to China in yuan instead of the dollar, in what would be a “profound shift” for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything […]
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Saudi Aramco Finds Five New Gas Fields in Four Regions, SPA Says
- February 28,2022
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- SUSTG Team
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said that Saudi Aramco has discovered new natural gas fields in four different regions across the Kingdom, according to information published by the Saudi Press Agency. The fields were discovered “in the central area of the kingdom, in the Empty Quarter desert, near its northern border and […]
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Veteran Saudi Journalist Khaled Almaeena Joins The 966 to Talk Ukraine, Energy Markets, and More
- February 25,2022
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- SUSTG Team
Khaled Al-Maeena, Saudi journalist, commentator, businessman and the former editor-in-chief of the Saudi Gazette and Arab News joins The 966 for Episode 28 to talk about Saudi Arabia’s role in energy markets, the war in Ukraine, and much more.
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Oil Prices Near 8-Year Highs as Russian Invasion of Ukraine Roils Markets
- February 23,2022
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- SUSTG Team
Oil prices reached 8-year highs, approaching $100 a barrel on the Brent crude index, as Russia’s Vladamir Putin ordered troops to invade neighboring Ukraine.
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Top PGA Tour Golfers Balk at Saudi-backed Super Tour, Dealing Blow to Organizers
- February 21,2022
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- SUSTG Team
Many of the top golfers in the world are saying “no” to joining a Saudi-backed rival to the U.S.-based Professional Golfers Association (PGA) tour.
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MUST-READS
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Saudi Arabia: Dammam airport showcases hydrogen
In Saudi Arabia, Air Products Qudra has signed an agreement with Saudi Ground Services (SGS). This company is the national provider of ground handling services to the airline network in the country. Air Products Qudra develops, builds and operates some of the world’s largest industrial gas and carbon capture projects.
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Aramco Gulf Operations, Kuwait’s KGOC agree to develop Durra gas field, Saudi news agency reports
Saudi Aramco Gulf Operations Company signed a Memorandum of Understanding on Sunday with Kuwait Gulf Oil Company (KGOC) to develop the joint Durra gas field, Saudi state news agency (SPA) reported. Saudi Energy Minister Prince Abdulaziz bin Salman and Kuwaiti Oil Minister Badr Hamed Al Mulla attended a signing ceremony in Kuwait City, according to SPA. The development aims at producing 1 billion cubic feet of gas and 84,000 barrels of liquefied gas per day, according to the Kuwaiti state news agency.
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Saudi Arabia, China sign agreements on hydrogen energy, direct investment
Saudi Arabia and China have signed several memorandums of understanding including on hydrogen energy and encouragement of direct investment during Xi Jinping’s visit to the Kingdom, the official Saudi Press Agency (SPA) reported on Thursday.
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Green Hydrogen Gets a Boost in the U.S. With $4 Billion Plant
The factory, which is slated to start operations in 2027 and will be built on the site of a retired coal plant, will use solar and wind power to manufacture the hydrogen, the companies said Thursday. It will be able to produce more than 73,000 metric tons of hydrogen a year, making it the largest such facility in the U.S. and among the top 10 worldwide, according to data from the Paris-based International Energy Agency.
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Saudi Arabia in talks over plans for next-generation space stations
Companies such as Blue Origin, Nanoracks and Axiom Space have announced plans to build a station in low-Earth orbit. These structures would be open to tourists, researchers and government astronauts. Commercialisation of low-Earth orbit is gaining momentum, as the International Space Station - a science laboratory operated by different space agencies - nears retirement.
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Lebanese cabinet to meet after long hiatus, financial reforms not on agenda
Lebanon's caretaker government will hold its first session in more than six months next week but the agenda, seen by Reuters, omits any mention of possible steps towards fulfilling reforms required for an IMF deal to ease the country's financial crisis. Lebanon, long hobbled by factional feuding and endemic corruption and mismanagement, is in the fourth year of an economic meltdown that has gone largely unaddressed, leaving four in five people poor according to the United Nations.
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A generation that won’t be forgotten by the Saudis
Saudi Arabia coach Herve Renard had said the current generation would be forgotten about if they fail to make the last 16 of the World Cup but he may be having a rethink after fans showed their appreciation for his side despite their exit on Wednesday. After opening their campaign in Qatar with a stunning 2-1 victory over Argentina the Saudis then lost 2-0 to Poland and saw their hopes of making the knockout phase vanish with a 2-1 defeat by Mexico.
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Rolls-Royce Makes Leap Forward With Hydrogen Engine Test
Airlines and manufacturers are pushing to use more-sustainable fuel as an alternative to kerosene, though technologies including electric and hydrogen propulsion remain years away from commercial adoption. The Race to Zero pledge backed by the United Nations is committed to achieving net zero carbon emissions by 2050.
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Mapping Anti-Taliban Insurgencies in Afghanistan
The Afghan Taliban has moved swiftly to consolidate control over Afghanistan and eliminate any opposition to its rule since the August 2021 collapse of the Afghan Republic. The Taliban claim to rule all of Afghanistan for the first time in 40 years. Armed groups opposed to the Taliban remain active in the country, however. Anti-Taliban groups fall into two main categories: Islamic State–aligned groups and non–Salafi-jihadi resistance groups.
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Department of State Dedicates New U.S. Consulate General in Dhahran, Kingdom of Saudi Arabia
In an important symbol of our partnership with the Kingdom of Saudi Arabia, Deputy Assistant Secretary of State for Arabian Peninsula Affairs Daniel Benaim, U.S. Embassy Riyadh Chargé d’Affaires Martina Strong, and U.S. Consul General in Dhahran David Edginton officially dedicated the new U.S. Consulate General campus in Dhahran. The new campus is situated on a 10.5-acre site in the Al Andalus District in the city of Al-Khobar and incorporates numerous sustainable features to conserve resources and reduce operating costs, including demand-controlled ventilation, efficient site lighting, and on-site wastewater treatment and reuse. It achieved Leadership in Energy and Environmental Design (LEED®) Silver certification—a globally recognized mark of achievement in high-performance, best-in-class, green buildings. Skidmore, Owings & Merrill, LLP of Washington, D.C., was the design architect for the project, and Caddell Construction Company, LLC of Montgomery, Alabama, constructed the complex, employing a workforce of roughly 800 U.S., Saudi Arabian, and third-country nationals and injecting approximately $95 million into the local economy.
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