Saudi Arabia

Cal on December 5th, 2017

A study by McKinsey Global Institute projects up to 800 million global workers will lose their jobs to robotic automation by 2030. The study of 46 countries and 800 occupations found that up to one-fifth of the global work force will be affected. Machine operators and food workers will be hit hardest. Wealthy countries like the US and Germany […]

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Cal on November 7th, 2017

Saudi Arabia has started the process to build 17.6 gigawatts of nuclear electricity generating capacity by 2032, the equivalent of about 17 reactors, making it one of the biggest prospects for an industry struggling after the 2011 nuclear disaster in Japan. The Saudis want to reduce the amount of crude oil they burn domestically for generate […]

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Cal on November 6th, 2017

In The Geopolitics of Energy Joseph Nye writes about how the discovery of shale oil in the US has changed the balance of international political power in the world. The International Monetary Fund estimates Saudi Arabia will need crude oil prices at about $70 per barrel in 2018 for its budget to break even, a dramatic […]

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Cal on October 29th, 2017

Saudi Arabia’s minister of energy said population growth and rising living standards across most of the developing world would see energy demand continue to soar in the coming decades. “Energy demand is expected to rise by about 45 percent by the year 2050, that is a huge amount of new energy supply that needs to […]

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Cal on October 25th, 2017

The International Energy Agency (IEA) has published a special report on energy access. Around the world, more than a billion people still lack access to electricity. The IEA says this number will shrink by a third by 2030, with 60% of these gains supplied by renewable energy sources. The past two decades have seen spectacular gains in providing […]

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Cal on October 4th, 2017

HIS Markit says the Permian basin in the US state of Texas holds 60 to 70 billion barrels of shale oil. This is said to be worth $3.3 trillion and could supply every US refinery with crude oil for the next 12 years. These figures are at odds with much lower estimates by the US Energy […]

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Cal on August 30th, 2017

Experts estimate that the South American nation of Columbia has recoverable shale oil reserves between 2.5 and 7 billion barrels, making these the third-largest in the western hemisphere, after the US and Argentina. In Canada, the list of major oil companies selling off assets and withdrawing from the high-cost oil sands is getting longer. ConocoPhillips, Royal […]

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Cal on August 25th, 2017

China is in the middle of an ambitious nuclear program that could bring its total nuclear electric generating capacity to as much as 200 gigawatts by 2030. Oil and gas giant, Royal Dutch Shell, is going to sell electricity directly to industrial customers in the UK starting next year. This is the first oil company to enter into […]

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