Iraq’s South Gas Company (SGC) has announced a project to capture the gas at the Nasiriyah and Garraf [Gharraf] oil fields, in partnership with the American company Baker Hughes, Iraq-Business News reports. Instead of flaring, the gas will be used to increase electricity generation while reducing the environmental impact of oil production. The project will […]
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, announced on its site on October 16 the launch of “THE RIG,” which it said would be the world’s first tourism destination on offshore platforms. The fund, the engine of Crown Prince Mohammed bin Salman’s economic transformation plans for Saudi Arabia, manages a portfolio worth $400 […]
A new report produced by Oxford Business Group (OBG) in partnership with Alkhorayef Petroleum explores the crucial role that digitalization and innovation are poised to play in the global oil industry’s recovery, Times of Oman states. The “Oil & Gas Services: Post-Pandemic Prospects” report, part of OBG’s Covid-19 Response Report (CRR) series, provides data-driven analysis […]
The latest report from credit ratings agency Moody’s found that despite ambitions to diversify Gulf economies away from fossil fuels, the results have been ‘limited’ and efforts will be constrained by lower oil prices, Al Jazeera states. The clock is ticking for Gulf economies to end their overreliance on fossil fuels, as more countries around […]
A large-scale oil spill occurred off the coast of Southern California. Because of this, local authorities declared an environmental disaster, Reuters reports. It is known that on the territory of 33.7 square km, there was a leak of more than 572 thousand liters of oil. The local authorities call the Amplify Energy Corporation oil pipe […]
Since its establishment in 1961, the Organization of the Petroleum Exporting Countries has faced many challenges. These challenges ranged from the abduction of one of its ministers, wars in member countries, and international sanctions targeting oil exports to threats and international political pressure to force the organization to change its production policy and lower oil […]
An Israeli company’s deal with partners from the United Arab Emirates to transport oil from the Gulf to Europe through Israel poses ecological risks, Israel’s environment minister told Reuters on October 4 while visiting the Expo fair in Dubai. The Israeli government is assessing a request, which has outraged environmental advocates there, to substantially increase […]
The Kurdistan Region has given oil companies 18 months to stop flaring associated gas, a toxic byproduct of crude oil production that has been burned off at the Region’s oil fields since day one. The move would end the environmentally damaging practice. Still, it is unclear whether the Kurdistan Region will be able to make […]
The 7th WGES in Dubai from October 6 to 7 will be organized both in-person and virtually to allow the most significant number of participants from all over the world to participate in the summit’s activities and events, GD Online reports. Preparations are complete for WGES, one of the most significant green-economy-centric events globally, said […]
On August 2, Kuwait commemorated the 30th anniversary of the vicious invasion of Kuwait in 1990. On this day, the country recalled with horror the trauma and suffering during the seven-month-long occupation by Iraqi forces, when random arrests, imprisonment, torture, and killing of those opposed to the regime, as well as the plunder and pilferage […]
