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Saudi Arabia restructures Aramco
Aramco was once US-based and run by Americans but has long been a Saudi state corporation.
Saudi keen to maintain oil market share
Speaking to reporters in Saudi Arabia, Prince Abdulaziz bin Salman bin Abdulaziz described the oil market as “excellent”, suggesting the Opec heavyweight was comfortable with current global conditions.
Like shale oil, solar power is shaking up global energy
Oil major Exxon Mobil says that “solar capacity is expected to grow by more than 20 times from 2010 to 2040.”
Venezuela may have missed $24b in oil revenue in 2014
The Opec member nation likely realised just over $50 billion in oil revenue in 2014.
Dewa’s 3rd phase of Solar Park announced
The announcment comes a few weeks after Dewa announced that it increased the share of renewable energy targets in Dubai’s energy mix to seven per cent by 2020.
Pakistan takes first LNG cargoes as list of importers grows
Pakistan, with 180 million people and insufficient domestic gas output of its own, is looking to LNG to help tackle serious energy shortages and frequent power cuts.
Oil falls more than $1 as supply fears ease
Goldman Sachs said the bombing of Yemen would have little effect on oil supplies.
Keep cool and evolve
Region’s district cooling sector ready for challenges ahead.
Oil may not reach $120 level again
Saudi Arabia’s Opec governor Mohammed Al Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
Falling prices doesn't mean falling investments
Saudi investments are projected to fall to $127 billion for 2015-2019 from more than $170 billion for 2014-18.
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