Saudi Aramco building global gas business to cut carbon footprint GlobeBusiness
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia in this file photo. REUTERS/Ahmed JadallahSaudi Aramco, the world’s biggest oil producer, was building an international gas business and converting more crude oil into chemicals in a bid to lessen its carbon footprint, Chief Executive Amin Nasser said on Tuesday.
“We need to help our stakeholders - including here in China and the wider Asia region - realise that oil and gas will remain vital to world energy for decades to come,” he said.“We need to reassure them with our own long-term investments that the safety belt we have always provided is one they can continue to rely on.”
The state-owned company is pushing ahead with its conventional and unconventional gas exploration and production program to feed its fast-growing industries, freeing up more crude oil to export or turn into chemicals.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
La Scala returns US$3.4 million in funding to Saudi ArabiaItaly's famed La Scala opera house will immediately return 3 million euros (US$3.4 million) sent to an escrow account by Saudi Arabia in what Milan's mayor on Monday termed a badly handled fundraising deal. But he did not rule out future dealings with the kingdom.
Read more »
Saudi sisters hope for a ‘bright, beautiful future’ after being granted asylumThe sisters fled from their family last September while on holiday in Sri Lanka and have been stranded in Hong Kong since an aborted attempt to get to Australia
Read more »
This year’s federal budget is built for voters, not businessMorneau’s fourth budget marks a hard shift back toward middle class issues after addressing business competitiveness in the fiscal update
Read more »
Chris Selley: Preston Manning has answer to carbon problem, but clout with conservatives seems in declineManning has argued tirelessly with Reform’s spiritual heirs that simple, revenue-neutral carbon pricing is the most conservative approach available to fighting emissions
Read more »
Canadian carbon-capture firm exceeds financing target, will establish first commercial operationFounded in 2009, Carbon Engineering developed technology that captures carbon dioxide directly from the atmosphere and converts it into low-carbon fuels
Read more »
B.C.’s Carbon Engineering secures $68-million to commercialize C02-removal technologyChief executive Steve Oldham said in an interview that Carbon Engineering is in negotiations with five to 10 unidentified large companies around the world that would build their own carbon-capture plants using his company’s licensed technology
Read more »
Lower gas prices not driving all Canadians to the U.S.“Oh it’s insane,” said Ian Clarke of White Rock as he filled up his vintage 1962 TR4 at the Campbell River Store gas bar.
Read more »
Metro Vancouver transit could benefit from federal gas tax transferThe feds will send $2.2 billion in gas tax to municipalities and First Nations, which could mean an extra $130 million for transit in Metro.
Read more »