Despite possessing some of the largest crude reserves in the world, retaining the crown as the world’s preeminent oil exporter is not always easy. As the Kingdom’s own domestic consumption constitutes an ever-larger portion of its national crude output, the country’s oil producers are becoming involved in a continuous search for...
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Articles & Analysis | Digging deeper and deeper: Offshore blocks continue to be a significant part of exploratory efforts from The Report: Saudi Arabia 2013
Articles & Analysis | Projects ahead: New initiatives and privatisation aim to create competition from The Report: Saudi Arabia 2013
While Saudi Electric Company (SEC) remains majority state-owned, several initiatives are under way to bring private investment into the sector. Investment is already flowing in the form of independent power projects (IPPs), with some already up and running, and other major projects in the pipeline for the near future. The...
Interviews & Viewpoints | Maria van der Hoeven, Executive Director, International Energy Agency (IEA), on the Kingdom’s central role in global energy markets from The Report: Saudi Arabia 2013
Saudi Arabia has long been a lynchpin of global oil and gas production, but its energy profile is changing. The Kingdom is becoming a rapidly growing energy consumer and a key player in the development of sustainable energy technologies. Saudi Arabia is sometimes called the “central bank” of the global oil industry. With over 260bn barrels of conventional reserves (...
Articles & Analysis | Powering up: Looking at new ways to improve efficiency and sustainability from The Report: Saudi Arabia 2013
Investment is being poured into expansions and capacity upgrades across the sector, with around SR500bn ($133.25bn) to flow into the electricity and water segments in the coming decade. Saudi Arabia has ambitious plans to build up renewable electricity generation capacity, in particular solar power, to address rapidly rising...
Interviews & Viewpoints | OBG talks to Peter Voser, Global CEO, Shell from The Report: Saudi Arabia 2013
Given shifting energy demand, how do you foresee the relationship between international and national oil companies evolving in the future?
The utilities sector is enjoying huge investments into expansions and capacity upgrades, with around SR500bn ($133.25bn) to flow into the electricity and water segments in the coming decade. Saudi Arabia has ambitious plans to build up renewable electricity generation capacity, in particular solar power, to address rapidly rising energy consumption. The Kingdom is investing in water desalination...