SUSTG.com / Research

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

Recent stories from sustg

MUST-READS

  • Putin’s Power Over Europe’s Energy: EU Wants to Ditch Russian Oil and Gas

    It’s possible, based on IEA estimates, for Europe to cut Russian gas imports by a third or even by half by next winter. That will require more piped gas from Azerbaijan, Norway and Algeria while also buying more shipments of liquefied natural gas and fixing leaky pipeline infrastructure. The last step would also help stem methane emissions, a major source of global warming.

  • The Global Methane Pledge: What It Means for the Oil and Gas Industry Post-COP26

    One of the surprise pledges that may have implications for the oil and gas industry is the Global Methane Pledge, which sets a global goal to slash methane emissions by 30% by 2030 from 2020 levels.

  • Petrochemical projects continue to dominate upcoming oil and gas projects starts in Saudi Arabia by 2026, says GlobalData

    Petrochemical projects continue to dominate the commencement of upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for around 60% of the total projects starts expected during 2022 to 2026, says GlobalData, a leading data and analytics company. GlobalData’s report, ‘Middle East Oil and Gas Projects Outlook to 2026 – Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that petrochemical projects would witness the highest projects starts in Saudi Arabia (45), followed by midstream (15), upstream (fields) and refineries with eight and seven, respectively. Of the 45 petrochemical projects expected to start operations in the country by 2026, 37 would be new builds and the remaining are expansion projects.

  • Honeywell launches new facility for oil and gas in Saudi Arabia

    “This new facility is another chapter in our 70-year Saudi Arabian history, creating new opportunities and supporting in-Kingdom manufactured and assembled solutions to advance the critical oil and gas sector. Saudi Arabia is a high-growth, strategically important market for Honeywell. We remain fully supportive of the country’s Saudization efforts and continue to invest in knowledge transfer programs as well as locally-based facilities to support the objectives of the long-term national vision,” added Bou Mitri.

  • Saudi energy minister hones plea to target carbon emission; not oil and gas

    "We are all trying to congregate around the idea of reducing emissions of all greenhouse gases," bin Salman told the panel. "We have to be honest about; are we really trying to achieve that goal or are we trying to take that hope as a pretext to ... get rid of hydrocarbons ... I really would like to see the true colors of everybody," he added.

  • Commentary: It’s Going to Be a Volatile Year for the Oil and Gas Sector

    Normally, when prices are high, you would expect an uptick in oil and gas exploration. Curtis says that operators need to increase exploration and production for crude oil just for maintaining production levels and meeting demand levels globally. However, that’s hitting snags given the amount of investor pressure, especially on the ESG side, and holding them back:

  • Oil and gas discoveries are at the lowest level since 1946

    Oil and gas firms are having their worst year for new fossil fuel discoveries in decades and reserves are dwindling. The oil and gas industry is on track to discover just 4.7 billion barrels of oil equivalent (boe) by the end of 2021, its worst performance in 75 years, according to the research firm Rystad Energy.

  • Differentiating Oil and Gas Emissions Will Be a Big Deal in 2022

    One of the most important successes of COP26 was the Global Methane Pledge, in which 100 countries agreed to cut 30% of methane gas emissions by 2030 from 2020 levels. Methane is 84 times more potent than carbon and is relatively easy to remove from oil and gas production.

  • Climate change imperils world’s oil and gas reserves: research

    Much of the world's reserves of oil and gas is under threat from rising tides, storms, floods and extreme temperatures caused by climate change, risk consultancy Verisk Maplecroft said on Thursday. Access to the equivalent of 600 billion barrels or 40% of the world's recoverable oil and gas reserves could be affected by the wild weather, with major producers Saudi Arabia, Iraq and Nigeria among the most vulnerable, the UK-based firm wrote in a research note.

  • AI could make oil and gas a little less dirty

    Oil and gas leaders may find that AI’s environmental solutions help profits while changing the public image of their brands for the better. AI vendors queasy about associating with fossil fuels should tailor products more to the risk and discovery end  – it is not a silver bullet, but their wares can help make oil and gas at least a little bit less polluting en route to carbon neutrality.