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Energy policy: What we need to talk about
- October 18,2012
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- SUSTG Team
For starters, the United States is already over 80 percent (up from 70 percent a decade ago) self sufficient when it comes to energy production and use. We are routinely described as the Saudi Arabia of coal, and have the largest nuclear fleet in the world. We are the world’s largest natural gas producer and […]
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Randa Hudome: How do I get my business over to the Middle East?
- October 18,2012
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- SUSTG Team
In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region.
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GE Sees Gas Turbine Sales Gain Amid Saudis’ Solar Shift
- October 4,2012
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- SUSTG Team
General Electric Co. GE predicts demand for its gas turbines will increase in Saudi Arabia, even with the kingdom working to supply a third of power needs from solar energy within the next two decades. Saudi Arabia already has 500 installed gas turbines from GE that generate about half its electricity, and the Middle Eastern […]
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Abdullah Alireza speaks at C3 Summit
- September 20,2012
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- Richard Wilson
SUSTG attended the C3 Summit in New York City September 13-14, 2012. This was the inaugural event in what the organizers anticipate will be an annual gathering to ‘build new relationships, foster existing partnerships and exchange best practices’ between the U.S. and the Arab world. C3 (Community, Collaboration and Commerce) is looking to host the […]
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‘A Disciplined Approach To Forward-Looking Policymaking’
- September 11,2012
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- SUSTG Team
A recently released report by the Center for Strategic and International Studies on Saudi Arabia’s energy policy finds that the Kingdom is pursuing a “disciplined approach to forward-looking policymaking.” The report was published by Hisham Akhonbay, who is a visiting fellow with the Energy and National Security Program at CSIS from the King Abdullah Petroleum […]
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Saudi Arabia Weighs Annual Budget to Boost Clean Energy
- July 12,2012
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- SUSTG Team
An annual budget for renewables would differ from the feed- in tariffs that Germany, Spain, Italy, France and Britain offered to spur solar and wind power in their nations. Germany was first to introduce the feed-in tariff in 2004 and became the world’s biggest market for solar because of the subsidy, which is paid for […]
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Saudi Aramco to invest in new energy ventures
- July 9,2012
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- Lucien Zeigler
Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Ventures LLC (SAEV) plans to invest in start-up and high-growth ventures offering new technologies to the upstream and downstream […]
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Saudi, UAE, Qatar top Cleantech list
- July 3,2012
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- Lucien Zeigler
Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]
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How Oil Has Driven Global Conflict For The Past 100 Years
- June 29,2012
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- SUSTG Team
Michael T. Klare recently gave a presentation titled “The Geopolitics of Oil: Old and New” at the Association for the Study of Peak Oil conference in Vienna, in which he speaks about how no other substance in the world is as closely aligned with geopolitics as oil is. Klare describes the geopolitics of oil — the intersection […]
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In Major Shift, Saudi Aramco Dabbles in Oil Trading
- June 11,2012
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- Lucien Zeigler
Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]
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MUST-READS
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Saudis Cut Oil Prices for Asia as Virus Clouds Energy Market
Saudi Arabia cut most oil pricing for its customers in Asia and the U.S. as a resurgence in the coronavirus clouds the outlook for energy markets. State producer Saudi Aramco decreased December pricing for shipments of Arab Light crude to Asia, its largest regional market, by 10 cents a barrel to a 50-cent discount to the benchmark. Oil dropped around 10% last week as European nations including Germany and France announced new lockdowns and daily virus cases hit a record in the U.S. While crude has since recovered most of those losses, the market continues to face headwinds, OPEC Secretary-General Mohammad Barkindo said.
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Electricity sector reflects Saudi progress towards energy sustainability
The history of the SEC dates back to 1975, when the Saudi government created the ministry of industry and electricity to better organise and regulate its electricity sector. In 2003, that ministry was split into the ministry of water and electricity and the ministry of energy, industry and mineral resources. This lead to a five-piece divide of the country: central, northern, southern, eastern and western regions. With the exception of the northern region, the country’s semi-private and private electricity companies were consolidated into what would eventually be known as the Saudi Electricity Company.
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Saudi energy minister says the worst is over for oil market
“I guess the worst part is over,” Prince Abdulaziz said at the virtual India Energy Forum by CERAWeek when asked to comment on the status of the oil market recovery. “We are still vigilant. I think there is a big shift all together in terms of where we are today and where we were in April and May,” he said.
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World should look at all options to reduce emissions, not get rid of oil, gas, Saudi energy minister says
"The fear now is for a re-occurrence of a second wave," Prince Abdulaziz said, responding to a question about the global oil market.
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Saudi energy minister voices OPEC+ commitment to ‘predict, prevent and be proactive’ in the oil market
OPEC+ must comply with three principles: "predict, prevent and be proactive" in the oil market, said Prince Abdulaziz, in his opening statement for the Joint Ministerial Monitoring Committee virtual meeting.
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The Department of Energy and the Saudi Arabian Saline Water Conversion Corporation (SWCC) Sign a Memorandum of Understanding for Collaboration in the Field of Seawater Desalination
Today, Assistant Secretary for Energy Efficiency and Renewable Energy (EERE) Daniel R Simmons virtually joined His Excellency Eng. Abdullah Bin Ibrahim Al-Abdulkareem in signing a Memorandum of Understanding (MOU) with the Saline Water Conversion Corporation (SWCC), a Saudi Government Corporation, to promote cooperation between the United States and the Kingdom of Saudi Arabia across the field of seawater desalination.
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Podcast: Energy in Transition – The View from Abu Dhabi
In this edition of Columbia Energy Exchange, host Jason Bordoff is joined by Musabbeh Al Kaabi, Chief Executive Officer of the Petroleum & Petrochemicals platform at Mubadala, a sovereign investment firm in Abu Dhabi. Jason and Musabbeh discuss what sectors and regions a company like Mubadala is prioritizing in its investment decisions, particularly in the wake of the Covid-19 pandemic and ambitious regional and corporate carbon policy commitments.
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B20 Saudi Arabia: The Energy Industry is Key to a Low-Carbon Economy
A sustainable and inclusive approach to energy does not need to come at the expense of economic interests. We see from the data that this is simply not true. A green transition is one that lifts people up, creating new jobs, new industries, new skills and new investments, overall representing an opportunity for a more equal and inclusive economy built on sustainable development.
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Commentary: Saudi Arabia’s summit victory is good news for energy transition
When it eventually appeared, the communique was a vindication of the Saudi position. It endorsed CCE as a “a holistic, integrated, inclusive and pragmatic approach to managing emissions,” and noted that “by encompassing the broad range of pathways and options available, CCE takes into account different national circumstances, while striving to meet our shared global aspirations.”
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G20 energy ministers endorse CCE and emphasize stimulus packages
Saudi Arabia, which holds the G20 presidency in 2020, has been advocating the circular carbon economy as a way to develop a system where carbon emissions are reduced, reused, recycled and removed, as well as used in other industries to boost the economy.
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