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Oil Review Middle East weekly digest - 2nd - 7th September

Event News

Here is a brief overview of the week’s news on Oil Review Middle East, from 2nd - 7th September 2017

Protecting maritime assets from corrosion 

Transportation, energy production, navigation, national security—these sectors are dependent on safe, secure maritime resources. Click here to read the full story. 

CEOs to be recognised for connecting New Silk Road energy markets 

Eelco Hoekstra, CEO of Royal Vopak, which is the largest international oil storage terminal operator in China, Singapore, and Fujairah, will head a group of industry leaders to be recognized for their respective companies’ pioneering work in connecting the energy markets of the Middle East and Asia. Click here to read the full story. 

Siemens Topsides 4.0 digital lifecycle solutions to assist with optimising offshore production 

Siemens is utilising its digitalisation knowledge and experience and applying it to the oil and gas production industry with its Topsides 4.0 solution. Click here to read the full story. 

ABB Ability offers granular insight into oil, gas and chemical processes 

Using its digital backbone, ABB AbilityTM, ABB is launching an enterprise-wide deep dive into a facilities data, presenting a common view of analytics available to CEO-level executives through to maintenance teams on production sites. Click here to read the full story. 

Ampelmann celebrates 10 years of safe offshore transfers 

The global provider in offshore access solutions Ampelmann will celebrate its 10 year anniversary on 6 September 2017, at SPE Offshore Europe in Aberdeen, which will be held from 5-8 September 2017. Click here to read the full story. 

Sulzer acquires license for Total’s wash tank technology for oil processing 

Sulzer’s Chemtech division has been granted a license covering the Total-patented wash tank technology for oil processing, which aims to enable Sulzer to enhance the removal of water, salt and contaminants from oil and emulsions. Click here to read the full story.

World energy demand to plateau from 2030, says DNV GL 

Energy efficiency will improve faster than global economic growth due to the rapid electrification of the world’s energy system, leading to a plateau in energy demand from 2030, according to DNV GL’s inaugural Energy Transition Outlook launched on 4 September 2017. Click here to read the full story. 

Total divests remaining 15 per cent stake in Gina Krog field in Norway to KUFPEC 

France’s energy giant Total SA has signed an agreement with Kuwait Foreign Petroleum Exploration Company (KUFPEC) to divest its remaining 15 per cent interest in the Gina Krog field in Norway. Click here to read the full story. 

Saudi Aramco re-explores Empty Quarter with new seismic technology 

Saudi Aramco is using new technologies to re-explore some areas of the Arabian dessert Empty Quarter, seeking to expanding oil and gas reserves prior to its initial public offering (IPO) which is scheduled to take place in late 2018. Click here to read the full story. 

China receives first cargo of Arabian crude oil from Saudi Aramco 

The China National Offshore Oil Corporation (Cnooc) has received first cargo of Arabian crude oil from Saudi Aramco at the Huizhou refinery in South China’s Guangdong province. Click here to read the full story. 

Dow and Saudi Aramco sign MoU to restructure ownership in Sadara 

Saudi Aramco has signed a MoU with the US multinational Dow Chemical Company that aims to set forth a process for Dow to acquire an additional 15 per cent ownership interest from Saudi Aramco in Sadara Chemical Company, a joint venture of the two companies. Click here to read the full story. 

The oil and gas industry has been increasingly adopting AI technology in recent years, and this trend is expected to continue in the coming years. (Image source: Adobe Stock)

SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)

Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)

The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)

ARO Drilling and IMI announce first Kingdom jack up rig (Image source: ARO)

GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)

Oman LNG signed various agreements with Shell Gas to secure its gas supply until 2034. (Image source: Adobe Stock)

Michael Monica, director sales, marketing and customer care at GPT Industries signs the agreement with Mohamed Altaf, sale manager, Abdulla Fouad Energy Services. (Image source: Alain Charles Publishing)

Amin H. Nasser, CEO of Aramco. (Image source: Aramco)

The system can activate notification and hazard mitigation equipment to notify workers and safeguard facilities. (Image source: MSA Safety)

The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)

The new discoveries will bolster Aramco’s strategy to increase gas production by more than half over 2021 levels, through 2030. (Image source: Adobe Stock)

Tethys Oil is currently conducting final preparations ahead of the rig mobilisation for the drilling of the first exploration well on Block 58, Kunooz-1 in Fahd.

Source: SafeStart

The new technology is designed to address the challenging conditions in unconventional wells. (Image source: Adobe Stock)

The Ampelmann A-type enabling safe offshore access in the Middle East. (Image source: Ampelmann)

Aramco has produced the first unconventional tight gas from its South Ghawar operational area ahead of schedule. (Image source: Adobe Stock)

Tethys Oil is currently conducting final preparations ahead of the rig mobilisation for the drilling of the first exploration well on Block 58, Kunooz-1 in Fahd.

TotalEnergies and SONATRACH will develop gas resources in Algeria's north-east Timimoun region, (Image source: Adobe Stock).

By using analytics to augment and empower the workforce, pipeline operators can optimise operations and improve asset availability. (Image source: Adobe Stock)

The oil price is hovering around the US$90/bbl mark. (Image source: Adobe Stock)

The Craig International Qatar team. (Image source: Craig International)

The SuperFill II diverter reduces induced surge pressure. (Image source: Halliburton)

Among other services, KBR will offer proprietary equipment for NCIC's 1,200 metric tonnes per day ammonia plant. (Image source: Adobe Stock)

The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)

Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)

ADNOC Gas recorded robust financial and operational results in 2023. (Image source: Adobe Stock)

Over 4,000 km of SoluForce pipe has been installed around the world. (Image source: SoluForce)

Block 56 is targeted for commercialisation in 2024. (Image source: Canva)

The programme will optimise asset lifecycle, enhance machinery performance and improve overall reliability. (Image source: Adobe Stock)

The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)

Source: SafeStart

GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)

The company is well positioned in 2024, with a reshaped and resilient business and a strong balance sheet. (Image source: Adobe Stock)

The vessel addresses the growing demand for accurate hydrographic data. (Image source: Fugro)

The virtual inhouse seismic processing centre will allow each of the decentralised business units of Wintershall Dea globally to collaborate efficiently and directly with DUG. (Image source: Adobe Stock)