For much of the last decade, Saudi Arabia's leaders have been trying to wean the country from its dependence on oil. However, ...

Oil markets have remained remarkably resilient so far this year, despite concerns over U.S. President Donald Trump's trade ...

Despite the energy transition, Saudi leaders stress oil’s continued role in a volatile global market, framing renewables not ...

The number of completed wells - the process of making a well ready to produce - in Saudi Arabia declined by 152 in 2021 to 314. This was the lowest since at least 2017, and the year-on-year ...

Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.* If one divides 100 by 2 it yields 50.

Edwards said Saudi Arabia has oil and gas wells throughout its 830,000 square miles, compared to Texas's 268,597 square miles, and its energy industry has been based in the Ghawar Field near the ...

Prime Minister Narendra Modi landed in Namibia on Wednesday morning, marking the first visit by an Indian PM to the African ...

Saudi officials set an initial target of generating 9.5 gigawatts of renewable energy by 2023, most of it solar, with some wind as well. A new office, with staff drawn from Aramco, was set up ...

No, Saudi Arabia Is Not The ‘Swing’ Oil Producer Again. ByMichael Lynch, Senior Contributor. ... And while the pre-pandemic oil price was well above the historic mean, ...

Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPEC’s Trillion Dollar Miscalculation), the kingdom has decided to boost ...

Stanley Reed, who covers energy from London, reported from Saudi Arabia, where he toured oil and renewable energy projects. May 29, ... to increase the efficiency of drilling and extraction, ...