Saudi Aramco Case

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Saudi Aramco Overview
It is the largest company of oil in the world. Headquartered in Dhahran (Saudi Arabia) Saudi Aramco is both the owner of the largest network of hydrocarbons in the world, known as the Master Gas System . Between 1944 and 1988, the company was known simply as Aramco , which stands for Arabian American Oil Company.
Among oil reserves that the company has highlighted the Ghawar Field , the world 's second largest oil reserve, the Campo Safaniya , which is the largest offshore oil field in the world and the Campo Shaybah , which is also one of the largest deposits known worldwide.
This company is also a leader in the production and export of liquefied natural gas (LNG). Has an approximate value of 781,000 million $, revenues
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Long-term solutions: investment in R & D to reduce GHG emissions; participation in partnerships to progress in carbon capture and storage; contribution to improving the distribution of renewable energy in the global energy mix.
Access to energy: developing projects that give people access to energy in collaboration with local and national authorities and other stakeholders.
Collaborations and initiatives with multiple stakeholders: seeking opportunities to accelerate solutions to climate change working individually or collectively in the industry and other initiatives.
The OGCI is an initiative of the oil, voluntary and led by industry CEOs, which aims to accelerate practical actions in the fight against climate change through best practices of collaboration and participation.
The OGCI was established following discussions at the Annual Meeting of the World Economic Forum in January 2014 and was officially launched at the Climate Summit of the United Nations in September of that year.

Saudi Aramco and Climate
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For example, compressed natural gas, a cleaner fuel than gasoline, already used in some cars combustion and is available in large quantities. Moreover, technologies based on hydrogen fuel cells are more environmentally friendly than natural gas. The cell cars hybrid power, although they are still not independent of fossil fuels, are already entering the market, and large assemblers Detroit and Japan are pumping millions to perfect the technology of fuel cells. Within a generation these cells could light our homes and heat our pools. To encourage investment in research and development of "greener" technologies, governments can start by eliminating subsidies to the industries of oil and gas and impose taxes higher to big polluters.Although governments have their role in the development of clean energy, it is likely that the private sector give the most funding and innovation for new energy projects. Joint -stock companies are busy evaluating and funding new technologies, while corporations also are jumping on board. In early 2006, General Electric (GE), one of the largest corporations in the world, announced a new push for environmental technologies, which could promote the development of new products and services, as well as reduce the impact of the company on the environment.Under this initiative, all business units of GE will

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