industryterm:oil ministry

Norway awards #Equinor license to build #CO2_storage under seabed | Agricultural Commodities | Reuters
▻https://af.reuters.com/article/commoditiesNews/idAFL8N1ZB3BN

Equinor has won a license to develop carbon dioxide (CO2) storage under the North Sea, Norway’s oil ministry said on Friday, part of a push to combat climate change.

Equinor is expected to submit a development plan this year, with parliament making a final decision in 2020 or 2021.

Proponents of carbon capture and storage (CCS) say countries need the technology to help fulfil pledges made around the time of the breakthrough Paris climate change agreement in 2015.

But environmentalists say is a costly technology that will perpetuate the status quo when rapid and deep cuts to energy use are needed to limit global warming.

#CSC #captage_de_CO2
ex-#Statoil

Saudi Arabia’s ‘normalisation’ baffles global business

▻https://www.ft.com/content/b1458710-0672-11e8-9650-9c0ad2d7c5b5

For many at Davos, Saudi Arabia was baffling rather than normalising. While they were fascinated by the boldness of the economic change and social transformation — the ban on women driving is being lifted and young people can now listen to music and go to the cinema — participants were also alarmed by a crackdown that is damaging the business environment and concentrating political and economic power in the hands of a 32-year-old.

As the WEF was wrapping up in the Swiss Alps, the crown prince was also winding down his anti-corruption operation, following the confiscation of prisoners’ cash, real estate and assets in return for their release. At the weekend, the highest profile detainee, Prince Alwaleed, walked out of the Ritz. To lessen his embarrassment, he gave an interview before he was freed, claiming his detention was a misunderstanding. “Everything’s fine. It’s like home,” he told Reuters, an attitude that did nothing to quell speculation that he parted with a chunk of his wealth to win his freedom.

*

The disconnect between Saudi Arabia’s perception of its actions and the global impact of the purge was evident when I spoke to Khalid al-Falih, the technocrat in charge of the oil ministry and a close aide to MbS. I asked him whether he appreciated the nervousness of global business. “People look at what happened in China, in the anti-corruption campaign of Xi Jinping, and it was unique to China,” he told me. “And they look at what was done in Saudi Arabia given Saudi Arabia’s unique status. I call it something of a hygiene issue. We cleaned it up our way.”

Saudi to restructure its oil giant Aramco - Al Arabiya News

▻http://english.alarabiya.net/en/2015/05/01

Saudi Arabia approved on Friday the restructuring of the kingdom’s oil giant Aramco, a move that will see it separated from the oil ministry, sources told Al Arabiya News Channel.

The country’s Supreme Economic Council approved the restructure plan that had been proposed by Deputy Crown Prince Mohammad bin Salman.

The restructuring comes soon after Saudi King Salman bin Abdulaziz announced a major government reshuffle.

Prince Mohammad bin Salman, also minister of defense, was appointed as the deputy crown prince earlier this week. King Salman also appointed Saudi Aramco’s chief executive Khaled Al-Falih as chairman of the state oil firm and health minister.

In a statement on Wednesday, Aramco described Falih as the outgoing CEO and president, and also as chairman of its board of directors.

The state-owned giant is a world leader in crude exports. Aramco is involved in hydrocarbons exploration, production, refining, distribution, shipping and marketing.❞

Bomb kills Yemeni colonel in Sanaa
▻http://english.al-akhbar.com/content/bomb-kills-yemeni-colonel-sanaa

http://english.al-akhbar.com/sites/default/files/imagecache/4cols/leading_images/178114-01-08.jpg

A picture taken on February 9, 2014 in Sanaa shows the inside of Colonel Mohammed Fadhel Hussein’s vehicle that was damaged when an explosive device, planted under the driver’s seat, went off as the car passed near the oil ministry. (Photo: AFP)

A bomb exploded inside a taxi in the Yemeni capital Sanaa on Sunday, killing a colonel in the country’s domestic secret service, a security source said. It was the latest attack targeting senior officers in the Western-allied country. The source said two other people were seriously wounded in the blast which occurred outside the oil ministry building in downtown Sanaa. The source blamed Islamist militants linked to al-Qaeda for the attack. read (...)

#Top_News #Yemen