Tuesday, October 27, 2020
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20.10.12~20.10.18 NASA Supercomputing Study Breaks Ground For Tree Mapping, Carbon Research

Scientists from NASA’s Goddard Space Flight Center in Greenbelt, Maryland, and international collaborators demonstrated a new method for mapping the location and size of trees growing outside of forests, discovering billions of trees in arid and semi-arid regions and laying the groundwork for more accurate global measurement of carbon storage on land. Using powerful...

Dubai Tourism Announces Sustainability Requirements to be Implemented Across Tourism Sector Over Next 18 Months

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced 19 sustainability requirements that hotel establishments across the emirate will be mandated to comply with under new direction in line with the Dubai Sustainable Tourism (DST) initiative. The requirements have been laid out to support the emirate’s hotel establishments in their compliance with the Dubai Tourism hotel classification...

$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub

It's no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can't buy oil from. And in the latest example of just how aggravating the decision to end waivers for Iranian crude imports has been for the world's second-largest economy, Reuters reported that some 20 million barrels of Iranian crude have...

OPEC Oil Output at 4-Year Low in April

PEC oil supply hit a four-year low in April due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia. The 14-member Organization of the Petroleum Exporting Countries pumped 30.23 million barrels per day this month, the survey showed, down 90,000 bpd from March and the lowest OPEC total since 2015, the Reuters...

Trump to Escalate Iran Feud by Ending Waivers; Oil Prices Climb

The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India. ... An excerpt from Bloomberg

Saudi Arabia denies report it is mulling non-dollar oil sales

Saudi Arabia Monday denied a Reuters report that it may look to sell oil in currencies other than the dollar. Saudi energy minister, Khalid al-Falih said the report was "absolutely not" true. ... An excerpt from S&P Global

Gazprom Neft commissions third production well at Sarqala field

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI). null Sarqala field in the Kurdistan Region of Iraq. Photo: Gazprom Neft. Potential production at this new well is estimated at 12,000 bpd. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well...

Saudi Aramco reveals sharp output drop at its major fields

The company’s bond prospectus revealed that Ghawar is able to pump a maximum of 3.8 MMbpd―well below the more than 5 MMbpd that had become conventional wisdom in the market.... An excerpt from World Oil

Saudi Aramco declared world’s most profitable company as financial secrets revealed

The state-run oil giant can generate profit better than any other company in the universe. At a net income of $111.1 billion, Saudi Aramco is easily outstripping U.S. behemoths including Apple Inc. and ExxonMobil Corp.... An excerpt from World Oil

Did Aramco Just Open Pandora’s Box?

The decades old discussion about Saudi crude oil reserves is far from resolved. The prospect repeats the previous official statements of reserves of 256.9 billion barrels of oil equivalent (sufficient for proved reserves life of 52 years), consisting of 201.4 billion barrels of crude oil and condensate, 25.4 billion barrels of NGLs and 185.7 trillion standard cubic feet of...

United Arab Emirates to Host Blockchain Aviation Conference in Abu Dhabi

Increasing blockchain presence in aviation will form the focus of a dedicated conference in Abu Dhabi from April 2 to 4, official news portal Emirates News Agency confirmed in a press release on March 31. The aviation industry itself also continues to look into blockchain, one recent case involving NASA, which is considering applications of the technology in air traffic...

Dubai Electricity reach financial closing for fourth phase of solar park

Dubai Electricity and Water Authority (DEWA) and the consortium led by Saudi Arabia’s ACWA Power and Silk Road Fund (SRF) has achieved financial close for the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park). With investments totalling AED50bn ($13.6bn) MBR Solar Park is reported to be the largest single-site solar park in the world,...

China’s renewable energy company completes construction of 3 plants in Egypt

China's renewable energy company TBEA Sunoasis has finished the construction of three solar power stations at the Benban Solar Energy Park in Egypt's southern province of Aswan, a TBEA official said. The projects, which TBEA started to build a year ago, are owned by Spanish renewable energy project developer Acciona and Saudi investment firm Swicorp, with an investment of around...