Saudi Arabia is implementing energy projects at a cost of SR 140 billion during the current year, thus topping the list of the highest spending countries in energy projects in…
Energy News
SEC picks banks for sukuk roadshow
Saudi Electricity Co (SEC) has picked HSBC and Deutsche Bank to arrange investor meetings in Asia, the Middle East and Europe, after which the utility may issue its debut international…
Kuwait Energy makes new oil discovery in Egypt
Kuwait Energy plc and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced Saturday a new oil discovery, the El Salmiya-1 well, in the Abu Sennan concession located in…
SEC plans big fuel oil power plant
Saudi Electricity Co. (SEC) is looking for companies to build and operate a 1,700-megawatt (MW) independent power plant (IPP) running on fuel oil, the state-controlled utility said on Monday. Expressions…
Saudi Arabia’s tanker load capacity gains 22%
The carrying capacity of oil tankers that docked at Ras Tanura, Saudi Arabia’s biggest crude-loading port, gained 22 percent in the latest week, according to ship- tracking data compiled by…
Aramco CEO commends pioneering technology
Saudi Aramco’s Research and Development Center has developed and tested a prototype vehicle to demonstrate the viability of capturing and storing carbon dioxide emissions, thereby reducing potential impact of combustion…
3 Contracts for fuel exploration
Petroleum sources disclosed that Saudi Aramco awarded three contracts to a Chinese company for carrying out the biggest seismic survey for fuel exploration in the Kingdom that extends from the…
Riyadh centre to install solar rooftop plant
The King Abdullah Financial District (KAFD) in Riyadh will meet a portion of its energy requirements by installing a solar power system on its rooftops with technology from Hamburg-based Conergy….
PetroRabigh reaches key operational milestone
Rabigh Refining and Petrochemical Company (PetroRabigh) reached a significant operational and financial milestone at midnight on Dec. 31 with the successful completion of the Lenders Reliability Test (LRT) in all…
Saudi Arabia approves Shell Kidan gas joint venture
A joint venture between Royal Dutch Shell and Saudi Aramco has won approval from the Saudi government to study the possible development of Kidan area, in Saudi Arabia’s Empty Quarter,…
