Energizing Economies

By: Nawaf Almutairi As the race to preserve and efficiently utilize national resources continues, experts rely on various approaches to maintain equilibrium within the oil and gas industry. Investments are a common source of both funding and navigating solutions, which is why understanding differing views is critical for informed decision-making. The two articles discussed present perspectives from Wood Mackenzie, the International Energy Forum (IEF), and S&P Global before assessing a balanced approach for a stable…

Dr. Sijesh Aravindhakshan Economist Domestic Analysis Department Saudi Aramco A green bond is a fixed-income financial instrument designed to channel investment into ecologically sustainable projects that address climate and environmental challenges. According to the World Bank, bonds issued to finance projects that focus on mitigating or adapting to climate change are classified as “green.” Mitigation projects include solar and wind energy installations, waste management to reduce methane emissions, and afforestation. Adaptation projects include initiatives such…

It has become clear in recent years that hydrocarbons will remain a dominant share of the energy mix moving into the future, but that doesn’t preclude the O&G industry from becoming more sustainable. At NESR, our simple thesis is that the “waste streams” that we produce alongside oil, including waste gas that is flared, produced water that is dumped, and waste heat, can be captured and re-used as part of a broader decarbonization of the…

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Maher Rahayyem SPE-KSA Executive Board Chairman Dear valued reader, As we move past the momentous 65th anniversary of SPE-KSA, we remain steadfast in our commitment to fostering a thriving community of energy professionals. Over the past six months, our section has not only sustained its momentum but has also expanded its footprint, strengthening its role as a hub for knowledge exchange, professional development, and industry leadership. In an era where the global energy landscape is…

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Yazeed Aldughaither Editor-in-Chief Dear reader, In a world shaped by shifting markets, evolving policies, and technological leaps, the economics of energy remains at the heart of global progress. The interplay between supply and demand, investment and innovation, and stability and transition is more dynamic than ever. As we present this third edition of SandRose Magazine, we delve into the forces shaping energy economics and finance, exploring the realities of today and the opportunities of tomorrow.…

Hundreds attend first-ever joint dinner meeting of SPE-KSA and SPE-Bahrain. On Nov. 25, a landmark event in the Society of Petroleum Engineers (SPE) history occurred with the first-ever dinner meeting jointly organized by SPE-KSA and SPE-Bahrain sections.  Held in Manama and attended by about 500 participants, this inaugural gathering marked a significant milestone, fostering cross-border dialogue on the future of energy and sustainability in the region. The event served as a platform to explore the…

Aramco Transition Minerals (ATM), a newly established organization under Upstream, represents a strategic expansion of Aramco’s vision to align with the global shift towards more sustainable energy solutions. This initiative underscores the company’s contributions towards addressing future energy challenges while leveraging Saudi Arabia’s natural and technological advantages. “Our decision to support the exploration, extraction, and processing of transition minerals represents more than just a strategic pivot; it is a bold statement of intent to becoming…