The Driller
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • NEWS
  • CLASSIFIEDS
  • EQUIPMENT
  • SAFETY
  • VIDEOS
  • EDUCATION
  • SOURCEBOOK
  • EVENTS
  • SUBMIT
  • ABOUT
  • SIGN UP
cart
facebook twitter linkedin youtube
  • NEWS
  • Water
  • Geothermal
  • Construction
  • Environmental
  • Mining
  • All Industry News
  • EQUIPMENT
  • Rigs & Heavy Equipment
  • Consumables
  • Pumps
  • Featured Products
  • VIDEOS
  • Newscast
  • Drill Talks
  • Ask Brock
  • Emerging Drillers
  • EDUCATION
  • Drilling Business Insights
  • Reference Desk
  • Sponsored Insights
  • EVENTS
  • Conferences & Demo Days
  • Newscast LIVE
  • SUBMIT
  • Drillers @Work
  • ABOUT
  • Contact
  • Advertise
The Driller
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
The Driller
  • NEWS
    • Water
    • Geothermal
    • Construction
    • Environmental
    • Mining
    • All Industry News
  • CLASSIFIEDS
  • EQUIPMENT
    • Rigs & Heavy Equipment
    • Consumables
    • Pumps
    • Featured Products
  • SAFETY
  • VIDEOS
    • Newscast
    • Drill Talks
    • Ask Brock
    • Emerging Drillers
  • EDUCATION
    • Drilling Business Insights
    • Reference Desk
    • Sponsored Insights
  • SOURCEBOOK
  • EVENTS
    • Conferences & Demo Days
    • Newscast LIVE
  • SUBMIT
    • Drillers @Work
  • ABOUT
    • Contact
    • Advertise
  • SIGN UP
Drilling Industry NewsMining & Mineral Exploration Drilling

U.S. and Saudi Arabia Sign Energy and Critical Minerals Agreements

The "$600 billion investment pledge" raises questions over timing and transparency.

By John Oldani
The Saudi Arabian flag on its location

Image via Mark Rubens from Getty Images Signature

May 16, 2025

In what’s being touted as a breakthrough in U.S.–Middle East relations, the United States and the Kingdom of Saudi Arabia have inked two major cooperation agreements—one on energy and another on critical minerals. Yet, amid the handshakes and sweeping promises, a fair share of skepticism is simmering beneath the surface.

The signings, held in Riyadh on May 13th, featured U.S. Secretary of Energy Chris Wright and Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman Al Saud, as well as Minister of Industry and Mineral Resources Bandar Alkhorayef. The agreements came under the banner of a U.S. delegation led by President Donald J. Trump, who also announced a purported $600 billion investment commitment from Saudi Arabia.

“These are historic deals,” Secretary Wright proclaimed, promising mutual prosperity, innovation, and strengthened energy infrastructure. He hailed the partnership as a cornerstone of President Trump’s foreign policy vision—“prosperity at home and peace abroad.”

But as the cameras flashed and the speeches rolled, industry analysts and political observers were quick to ask: What exactly is being signed here—and who benefits?

Energy, Innovation… and Influence?

The first Memorandum of Understanding (MOU) on energy outlines broad plans for cooperation in petroleum refining, electricity generation technologies, and the use of artificial intelligence in energy systems. While the language emphasizes “clean cooking solutions” for developing countries and energy innovation, details remain vague.

Of particular interest—and concern—is the inclusion of civil nuclear cooperation. The agreement sketches collaboration in uranium mining, nuclear reactor technologies, and nuclear waste disposal, with a stated commitment to safety and nonproliferation. Still, the prospect of sharing advanced nuclear technology with a nation that has not signed on to all key nuclear oversight agreements is likely to draw scrutiny from watchdog groups and U.S. lawmakers alike.

The Critical Mineral Rush

The second agreement, a Memorandum of Cooperation (MOC), targets the global race for critical minerals—those essential for everything from smartphones to electric vehicles and military hardware. The U.S. and Saudi Arabia plan to coordinate on mining, processing, and building a skilled workforce to support mineral innovation. Again, however, specifics are thin. No binding investment figures were released. The document, while forward-looking, serves more as a framework than a contract. 

  • And with China still dominating the global mineral supply chain, the urgency to create an alternative is clear—but whether Riyadh is the answer remains uncertain.

A $600 Billion Question

Stealing the spotlight was President Trump’s big claim: a $600 billion investment pledge from Saudi Arabia. Sounds huge—but there’s a catch. Critics quickly pointed out there’s no paperwork, no clear plan, and no real proof the money’s coming. In fact, these kinds of big-dollar promises during flashy state visits often sound better than they actually turn out—more talk than action.

In the end, while these agreements may represent diplomatic choreography with high stakes and higher headlines, the actual content leaves plenty of questions unanswered. Skeptics are asking: Are these deals meant to shift geopolitics—or just headlines?

For now, the ink is dry. But whether it marks the start of a new energy era or just another round of international optics remains to be seen.

KEYWORDS: energy development government policy

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Johnoldani author

John is the editor of The Driller. He can be reached at Oldanij@bnpmedia.com.

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • geotechnical drilling rig

    6 Onsite Phrases Environmental Drillers Hate

    Here are six phrases that highlight common frustrations...
    Opinions
    By: Jeff Garby
  • Wayne Nash

    Pipe Stuck? Common Causes and Solutions for Drillers

    If you have drilled for any length of time, sooner or...
    Water
    By: Wayne Nash
  • submersible pumps, water well pumps

    Selecting and Sizing Submersible Pump Cable

    This article helps pump installers and servicers decide...
    Pumps
    By: Bob Pelikan
You must login or register in order to post a comment.
Unable to fetch comments.

Report Abusive Comment

Manage My Account
  • eNewsletters
  • Online Registration
  • Subscription Customer Service
  • Manage My Preferences

The Driller Newscast, Episode 147: Global Geothermal Collaboration at NY-GEO 2025

The Driller Newscast, Episode 147: Global Geothermal Collaboration at NY-GEO 2025

The Driller Newscast - The Big, Not-So-Beautiful Bill: How to Lose Clean Energy and Alienate the Planet

The Driller Newscast - The Big, Not-So-Beautiful Bill: How to Lose Clean Energy and Alienate the Planet

The Driller Newscast: Hard Hats, Hot Topics, and Dad Jokes

The Driller Newscast: Hard Hats, Hot Topics, and Dad Jokes

ClimateMaster’s “Geo Joe” Discusses Industry Growth Through State Organizations

ClimateMaster’s “Geo Joe” Discusses Industry Growth Through State Organizations

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the The Driller audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of The Driller or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • demo of a DM450 drilling rig during a customer factory visit
    Sponsored byGeoprobe

    Built for You: Smarter Drill Rigs, Stronger Support, Bigger Opportunities

Popular Stories

The Driller Newscast episode 148 - The Big, Not-So-Beautiful Bill: How to Lose Clean Energy and Alienate the Planet

The Big, Not-So-Beautiful Bill: How to Lose Clean Energy and Alienate the Planet

taxcredits.png

GOP Lawmakers Urge Elimination of Tax Credits for Geothermal Programs

A picture of a declining reservoir in Colorado

Colorado River Basin in Crisis

The Driller Classifieds

COMPRESSORS

EAST WEST MACHINERY & DRILLING IS BUYING AND SELLING AIR COMPRESSORS, AIR BOOSTERS, AIR ENDS & PARTS
Company: East West Machinery

DRILL RIGS

LOOKING FOR LATE MODEL TOPHEADS & DRILLTECH D25'S
Company: Spikes’s Rig Sales

DRILL RIG PARTS

MEETING DRILLERS NEEDS AROUND THE WORLD
Company: East West Machinery

ELEVATORS

SEMCO INC. PIPE ELEVATORS
Company: Semco Inc.

GROUTERS

GROUTING EQUIPMENT - GROUT PUMPS & GROUT HOSE REELS
Company: Geo-Loop Inc.

PUMP HOISTS

SEMCO INC. - BASIC PUMP HOISTS
Company: Semco Inc.

WELL PACKERS

LANSAS PRODUCTS - INFLATABLE WELL PACKERS
Company: Vanderlans Lansas Products

WELL SCREENS

WELL SCREENS & SLOTTED PIPE
Company: Alloy Screen Works

Products

Water Quality Engineering: Physical / Chemical Treatment Processes

Water Quality Engineering: Physical / Chemical Treatment Processes

By carefully explaining both the underlying theory and the underlying mathematics, this text enables readers to fully grasp the fundamentals of physical and chemical treatment processes for water and wastewater.

See More Products

Subscribe to The Driller Newscast

Related Articles

  • Saudi Arabia AI Mining .jpeg

    Saudi Arabia Leverages AI for Advanced Mining and Mineral Exploration

    See More
  • canadamining.png

    Canada Pushes Back Against U.S. Tariffs on Aluminum and Minerals

    See More
  • miningmoves.png

    Liberty Star Minerals Chairman Pushes for Domestic Critical Mineral Policy

    See More

Related Products

See More Products
  • drilling.jpg

    Clay Science in Drilling and Drilling Fluids

  • M:\General Shared\__AEC Store Katie Z\AEC Store\Images\ND\new site\in-too-deep.gif

    In Too Deep: BP and the Drilling Race That Took it Down

  • fundamentals.jpg

    Fundamentals of Sustainable Drilling Engineering

See More Products
×

Dig deeper into the drilling and water supply industry!

Build your knowledge with The Driller, covering the people, equipment and technologies across drilling markets.

SIGN UP NOW
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
    • Classifieds
  • SIGN UP TODAY
    • Create Account
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing

The Driller
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
The Driller
  • NEWS
    • Water
    • Geothermal
    • Construction
    • Environmental
    • Mining
    • All Industry News
  • CLASSIFIEDS
  • EQUIPMENT
    • Rigs & Heavy Equipment
    • Consumables
    • Pumps
    • Featured Products
  • SAFETY
  • VIDEOS
    • Newscast
    • Drill Talks
    • Ask Brock
    • Emerging Drillers
  • EDUCATION
    • Drilling Business Insights
    • Reference Desk
    • Sponsored Insights
  • SOURCEBOOK
  • EVENTS
    • Conferences & Demo Days
    • Newscast LIVE
  • SUBMIT
    • Drillers @Work
  • ABOUT
    • Contact
    • Advertise
  • SIGN UP