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Saudi Crown Prince Mohammed bin Salman Adds Egypt Leg to International Trip
- March 2,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman will begin a weeks long international tour with a three day visit to Egypt, according to a Reuters report citing confirmation from the office of Egypt’s president Abdel Fattah Al-Sisi. Egypt and Saudi Arabia have enjoyed strong ties since Al-Sisi took power and ousted the Muslim Brotherhood in 2013. […]
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New Life-Sized Camel Sculptures Discovered in Saudi Arabia May Date Back 2,000 Years
- February 13,2018
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- SUSTG Team
Archaeologists from France’s National Center for Scientific Research (CRNS) and their colleagues from the Saudi Commission for Tourism and National Heritage (SCTH) have discovered camelid sculptures “unlike any others in the region” dating back to the first centuries BC or AD, according to a press release from the CRNS. The find sheds new light on the evolution […]
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ACWA Power Wins First Utility-Scale Solar Energy Project in Saudi Arabia
- February 7,2018
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- SUSTG Team
Saudi Arabia has announced that ACWA Power, the Saudi power generation and desalination company, has won the contract for the first utility scale solar power project in Saudi Arabia with a record-breaking tariff of 2.34 US-cents per kilowatt-hour, according to reports. ACWA Power announced the win on its website on Tuesday. “This plant is the first of what […]
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Saudi Aramco CEO Says Company Eying U.S. Expansion
- January 26,2018
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said the company was eying expansion in the United States “where President Donald Trump’s tax cuts and support for the oil industry are making business increasingly attractive,” Reuters reports. Nasser also lauded the Trump administration as being friendly toward the oil industry. “The Trump administration has been positive towards the energy […]
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House Speaker Ryan meets Saudi King Salman in Riyadh
- January 24,2018
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- SUSTG Team
U.S. House Speaker Paul Ryan is leading a Congressional delegation to the Middle East, meeting with Saudi King Salman Wednesday in the first regional stop for talks centered on security, the Associated Press reports. The week-long Congressional Delegation (CODEL) trip to the Middle East “will focus on regional stability, the campaign against ISIS and terrorism, […]
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Saudi Alternative Energy Sector Set for Big Year with Localization in Focus
- January 19,2018
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- SUSTG Team
With U.S. shale now forecasted by analysts and the U.S. EIA to out-produce Saudi Arabia and Russia in 2018, and Saudi Arabia needing to burn less of its own oil for domestic use and continue toward a more sustainable economy, alternative energy in the Kingdom has never been hotter. Saudi leaders have long talked about the benefit of a […]
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Will Saudi Arabia Purchase a Stake in Hollywood’s Largest Agency?
- January 17,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is in talks to buy a 5-10% stake in Endeavor, the holding company for Hollywood talent agency William Morris Endeavor (WME), for $500 million, according to reports. The Beverly-Hills, California based agency formed in 2009 as a merger between William Morris Agency and Endeavor Agency and represents artists across […]
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First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
- January 5,2018
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- SUSTG Team
Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]
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Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
- December 13,2017
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- SUSTG Team
Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]
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Former President of Yemen Ali Abdullah Saleh Killed by Houthi Allies in Major Turning Point
- December 4,2017
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- SUSTG Team
In a major turn in the ongoing civil war in Yemen, former President Ali Abdullah Saleh has reportedly been killed in fighting against his former allies in the three-year old war, the Iran-aligned Houthi militia. Clashes broke out between fighters allied with the armed Houthi militia and those in Saleh’s General Peoples Congress over the […]
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Iran Issues Warning to U.S. on Naval Activity
“Today we announce that wherever the Americans are, we’re right there beside you, and in the near future you will sense us even more,” IRGC Navy Commander Admiral Alireza Tangsiri said on the sidelines of a ceremony in the Persian Gulf, the semi-official Tasnim news agency reported Thursday.
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U.S. crude stocks swell as tankers from Saudi Arabia unload
U.S. petroleum inventories increased sharply last week as the fleet of tankers sent from Saudi Arabia at the height of the volume war started to discharge their crude while the recovery in domestic fuel use remained sluggish. Total stocks of crude and products outside the strategic petroleum reserve climbed by almost 15 million barrels to a record 1.41 billion barrels, according to the U.S. Energy Information Administration.
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A Comeback in U.S. Shale Is At Least a Year Away, Oil CEO Says
Precision Drilling Corp. Chief Executive Officer Kevin Neveu said activity in U.S. shale basins is in for a “prolonged downturn,” with drilling not rebounding until late in the second quarter of 2021 at the earliest, or the end of next year at the latest. That projection assumes governments respond to secondary Covid-19 outbreaks with less drastic measures than they used in recent months.
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U.S. troop strength in Afghanistan down to close to 8,600 ahead of schedule – sources
U.S. troop strength in Afghanistan is down to nearly 8,600, well ahead of a schedule agreed with Taliban militants in late February, in part because of concerns about the spread of the coronavirus, U.S. and NATO officials said.
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Trump Says U.S. Has ‘No Target’ Date To Pull Troops From Afghanistan
The president's comments on May 26 come amid speculation he may make ending the United States' longest war a campaign issue ahead of November's election. "We're there 19 years and, yeah, I think that's enough.... We can always go back if we want to," Trump told a White House news conference. "I have no target. But as soon as reasonable."
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U.S., Saudi forces conduct training on, around Karan, Kurayn islands
U.S. and Saudi forces are conducting joint training exercises on and around the Karan and Kurayn islands in Saudi Arabia this week, according to the Pentagon. The training, which began Sunday and is slated to last through Saturday, follows a similar, shorter training conducted at the end of April, U.S. Naval Forces Central Command announced on Monday.
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U.S. shale bust slams rural economies as oil checks shrivel
Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments.
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In veiled warning to Iran, U.S. tells Gulf mariners to stay clear of its warships
In an alert that appeared aimed squarely at Iran, the U.S. Navy issued a warning on Tuesday to mariners in the Gulf to stay 100 meters (yards) away from U.S. warships or risk being “interpreted as a threat and subject to lawful defensive measures.”
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Iran Quietly Lowers the Temperature With U.S.
“Iran is redefining its regional policies after Gen. Suleimani’s assassination,” Mohamad Hossein Malaek, a seasoned Iranian diplomat and former ambassador to China, wrote in Iranian Diplomacy magazine in April. “It’s reshuffling its cards, it’s reassessing its capabilities, and it has entered the arena with a new perspective and plan.”
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Chinese Genetics Firm’s Testing in Middle East Raises New U.S. Tensions
By moving swiftly, Shenzhen-based BGI Group won hundreds of millions of dollars in contracts with traditional U.S. allies including Israel, the United Arab Emirates and Saudi Arabia. Now the U.S. is warning those countries that they may be giving Beijing access to highly prized personal data that will propel economies of the future.
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