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Browsing the "saudi arabia" Tag

The Oil & Gas Industry Doesn’t Have A Bright Future

June 2nd, 2020 | by Gerard Reid

The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result


No One Is Buying Canada’s Oil: A Preview Of The Near Future New Normal

March 29th, 2020 | by Michael Barnard

When will Canada learn? Stop throwing money at the fossil fuel industry. Let it live or die on its own with its decades of profits. Shift investment to clean technologies, technologies which are also much lower in contagion pathways for Canadians. Stop investing in the past and start investing in the future. 


Saudi Crown Prince Warns Of Threat To Global Oil Supply

September 30th, 2019 | by Johnna Crider

Saudi Arabia's Crown Prince Mohammed bin Salman has told the BBC that if a war was to break out between Iran and Saudi Arabia, oil prices could rise up to "unimaginably high numbers." He says this is possible if the world doesn't try to deter Iran, and that more escalation will threaten the world's interests. "Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes."


Which Countries Use The Most Fossil Fuels?

May 3rd, 2019 | by World Resources Institute

Originally published on WRI’s Resource Watch platform, a platform which features hundreds of data sets all in one place on the state of the planet’s resources and citizens


Saudi Arabia To Build 6.2 Gigawatts Of Wind Capacity By 2028

April 10th, 2019 | by Joshua S Hill

Saudi Arabia is set to become a regional heavyweight in wind power by the early 2020s, according to new research published this week by Wood Mackenzie Power & Renewables, installing 6.2 gigawatts (GW) of new wind capacity between 2019 and 2028, 46% of the region's total wind capacity installed during that time.


EDF Renewables & Masdar To Build Saudi Arabia’s First Wind Farm

January 16th, 2019 | by Joshua S Hill

A consortium consisting of French-based renewable energy company EDF Renewables and Abu Dhabi’s renewable energy company Masdar has been awarded the contract to build the 400 megawatt (MW) Dumat Al Jandal wind farm, the first wind farm to be built in Saudi Arabia and the largest in the Middle East. 


Saudi Energy Minister Throws Shade At Electric Vehicles

December 29th, 2018 | by Matt Pressman

Could electric vehicles disrupt the reign of Big Oil? Apparently not. According to Arab News, Saudi Energy Minister Khalid Al-Falih publicly downplayed, "what he described as the 'hype' of the electric vehicle market." And he emphasized that "miscalculations around the pace of [vehicle] electrification could create 'serious' risks around global energy security."



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