Riyadh Shifts Focus to Gas: There Are Clear Economic Reasons for Reducing the Use of Oil Reserves for Domestic Power Consumption
from dependence on oil exports and to generate jobs. Agriculture At its founding, the kingdominheritedthe traditional economy ofArabia. Many of the people were nomads, engaged in raisingcamels,sheep, andgoats. Agricultural production was localized and subsistent. The kingdom’s development plans ...
This could lead to a vast loss in revenue (i.e., between 25 and 40%) for oil and gas producers over the period to 2040 compared with a central scenario (i.e., New Policies Scenario).2 Without economic reforms, this would translate into large current account deficits, downward pressure ...
Sofomation is an international recruitment agency with profound specialization in Oil & Gas, EPC, IT, Rail, Logistics, Healthcare and Energy Sectors. We have an international dominance and cater to the various Fortune 500 companies across locations in APAC/MENA and UK/US since 1999, having our ...
We are dedicated to digital technology transformation in the oil and gas industry. Not only will digitalization allow for greater efficiency, but it is spurring innovation, a digital-savvy workforce and will create new jobs. Using this technology minimizes the environmental impact of our industry. ...
But prices dropped right after the meeting, with analysts saying the market had expected more from the 13-member Organization of the Petroleum Exporting Countries (OPEC) and its 10 partners. Following the virtual meeting of OPEC+ ministers, Riyadh announced it would extend its voluntary oil product...
Additionally, the oil and gas industry is highly cyclical, sometimes unpredictably so, as witnessed in the most recent downturn. Some feelthis last downturn has changed the sector permanently. Jobs were lost, companies failed, and replacement reserves declined. As companies have struggled to cut ...
How to Get Rid of Cucumber Beetles By Caren White3 hours ago A Heavyweight Legacy: Jack Johnson’s Struggle for Equality By L.M. Hosler3 hours ago Men In Lingerie: Power Panties For Men By Hope AlexanderOct 21, 2009 Gardening How to Grow and Dry Birdhouse Gourds ...
While Saudi Arabia’s oil wealth has always been the engine of economic growth, it has also contributed significantly to environmental degradation, high levels of greenhouse gas emissions and environmental disturbances. As global efforts to combat climate change intensify, it becomes critical to explore...
Finally, I’m pleased to announce that this issue of Oil IT Journal concludes ten years of reporting on oil and gas information technology. When Petroleum Data Manager (PDM—Oil IT Journal’s predecessor) started out back in 1996, each issue contained around 7,000 words. Last month’s Oil...