Company Insights Saudi Aramco Oil & Gas Saudi Aramco News Analysis Cybersecurity Saudi Arabia steps up battle against AI cyberattacks Twelve years after hackers brought oil production at Saudi Aramco to a halt for more than a week, Saudi Arabia is still susceptible to cyberattacks, a study had found. A survey of 8,000 private sector companies in 30 countries by Cisco AI Readiness Index revealed that the number and impact of attacks was rising and […] March 22, 2024 Analysis Renewable Energy Kuwait playing catch-up with latest renewables strategy Kuwait still has a way to go on its energy transition, industry experts say, despite the announcement of a 20-year renewables strategy. Salem Al-Hajraf, minister of electricity, water and renewable energy, said on March 7 that the country is targeting carbon neutrality by 2050. “We … need an increase in solar energy, which is considered […] March 20, 2024 Renewable Energy Energy transition strategy ‘visibly failing’, says Aramco CEO Saudi Aramco’s chief executive believes the current global energy transition strategy is “visibly failing on most fronts” and needs an urgent reset. Despite $9.5 trillion of investment in the past two decades, other energy sources have still not scaled up sufficiently to offer an alternative to hydrocarbons, Amin Nasser told the CERAWeek by S&P Global […] March 19, 2024 Construction Gulf funds investing in Cyprus ‘only a question of time’ Three sovereign wealth funds from the Gulf are in discussions to invest in real estate projects in Cyprus, according to one of the island’s biggest developers. “It’s only a question of time that it is going to happen,” said Pantelis Leptos, co-president of the developer Leptos Estates, without giving further details on the wealth funds […] March 19, 2024 Opinion Sustainability Carbon capture isn’t a silver bullet but it’s part of the answer The priority for the energy transition should be to reduce emissions. Systems integration can do this March 18, 2024 Analysis Trade Saudi Arabia courts China’s Shandong province Saudi Arabia is targeting more investment from the Chinese province of Shandong after hosting a delegation of more than 200 private sector and government officials. The Economic Cities and Special Zones Authority (ECZA), in collaboration with Invest Saudi, entertained the visitors last week with the aim of cultivating investment prospects for Chinese enterprises considering expansion […] March 14, 2024 Sustainability Saudi Aramco unit backs US climate tech startup CarbonCapture, a climate tech company, has raised $80 million from investors, including Saudi Aramco’s venture capital unit. The series A fundraising was led by Prime Movers Lab and included Aramco Ventures, Amazon’s Climate Pledge Fund, Siemens Financial Services, Idealab X, and Marc Benioff’s Time Ventures. The Los Angeles-headquartered startup’s latest major funding round is one […] March 13, 2024 Opinion Economy Progress report on Vision 2030: so far, so good Saudi Arabia’s economic health is still reliant on global oil markets, but this dependency is reducing March 12, 2024 Oil & Gas Aramco to focus all LNG efforts on overseas projects Saudi Aramco intends to expand its liquefied natural gas (LNG) business internationally, as it plans to use all its natural gas production domestically. CEO Amin Nasser told investors on Monday that the energy major has no intention of building LNG capacity in the kingdom and is discussing opportunities with different entities in the US, Australia […] March 12, 2024 Energy Aramco profit drops 24% to $121bn on lower crude prices Saudi Aramco said net profit fell 24 percent year on year to SAR455 billion ($121.3 billion) in 2023. The profit drop was due to lower crude oil prices and volume sales, as well as reduced refining and chemicals margins, despite decreased production royalties and lower income taxes. Free cash flow reached $101 billion last year, […] March 10, 2024 Posts navigation Previous 1 … 28 29 30 … 54 Next
Analysis Cybersecurity Saudi Arabia steps up battle against AI cyberattacks Twelve years after hackers brought oil production at Saudi Aramco to a halt for more than a week, Saudi Arabia is still susceptible to cyberattacks, a study had found. A survey of 8,000 private sector companies in 30 countries by Cisco AI Readiness Index revealed that the number and impact of attacks was rising and […] March 22, 2024
Analysis Renewable Energy Kuwait playing catch-up with latest renewables strategy Kuwait still has a way to go on its energy transition, industry experts say, despite the announcement of a 20-year renewables strategy. Salem Al-Hajraf, minister of electricity, water and renewable energy, said on March 7 that the country is targeting carbon neutrality by 2050. “We … need an increase in solar energy, which is considered […] March 20, 2024
Renewable Energy Energy transition strategy ‘visibly failing’, says Aramco CEO Saudi Aramco’s chief executive believes the current global energy transition strategy is “visibly failing on most fronts” and needs an urgent reset. Despite $9.5 trillion of investment in the past two decades, other energy sources have still not scaled up sufficiently to offer an alternative to hydrocarbons, Amin Nasser told the CERAWeek by S&P Global […] March 19, 2024
Construction Gulf funds investing in Cyprus ‘only a question of time’ Three sovereign wealth funds from the Gulf are in discussions to invest in real estate projects in Cyprus, according to one of the island’s biggest developers. “It’s only a question of time that it is going to happen,” said Pantelis Leptos, co-president of the developer Leptos Estates, without giving further details on the wealth funds […] March 19, 2024
Opinion Sustainability Carbon capture isn’t a silver bullet but it’s part of the answer The priority for the energy transition should be to reduce emissions. Systems integration can do this March 18, 2024
Analysis Trade Saudi Arabia courts China’s Shandong province Saudi Arabia is targeting more investment from the Chinese province of Shandong after hosting a delegation of more than 200 private sector and government officials. The Economic Cities and Special Zones Authority (ECZA), in collaboration with Invest Saudi, entertained the visitors last week with the aim of cultivating investment prospects for Chinese enterprises considering expansion […] March 14, 2024
Sustainability Saudi Aramco unit backs US climate tech startup CarbonCapture, a climate tech company, has raised $80 million from investors, including Saudi Aramco’s venture capital unit. The series A fundraising was led by Prime Movers Lab and included Aramco Ventures, Amazon’s Climate Pledge Fund, Siemens Financial Services, Idealab X, and Marc Benioff’s Time Ventures. The Los Angeles-headquartered startup’s latest major funding round is one […] March 13, 2024
Opinion Economy Progress report on Vision 2030: so far, so good Saudi Arabia’s economic health is still reliant on global oil markets, but this dependency is reducing March 12, 2024
Oil & Gas Aramco to focus all LNG efforts on overseas projects Saudi Aramco intends to expand its liquefied natural gas (LNG) business internationally, as it plans to use all its natural gas production domestically. CEO Amin Nasser told investors on Monday that the energy major has no intention of building LNG capacity in the kingdom and is discussing opportunities with different entities in the US, Australia […] March 12, 2024
Energy Aramco profit drops 24% to $121bn on lower crude prices Saudi Aramco said net profit fell 24 percent year on year to SAR455 billion ($121.3 billion) in 2023. The profit drop was due to lower crude oil prices and volume sales, as well as reduced refining and chemicals margins, despite decreased production royalties and lower income taxes. Free cash flow reached $101 billion last year, […] March 10, 2024
