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Oil Review Middle East weekly digest - 30th July - 3rd August

Event News

Here is a brief overview of the week’s news on Oil Review Middle East from 30th July - 3rd August  

Corrosion basics: High-temperature corrosion 

By Pierre R. Roberge. Article originally appeared in Materials Performance Magazine. Click here to read the full story.

SNC-Lavalin transitions into EPC phase of ammonia plant contract with Salalah Methanol Company 

SNC-Lavalin has announced that it has received a notice to proceed from Salalah Methanol Company LLC (SMC) with the Engineering, Procurement and Construction (EPC) phase of its anhydrous liquid ammonia plant project, located in the city of Salalah, Sultanate of Oman. Click here to read the full story. 

How pipeline leak detection is set to change over the next decade 

Oil and gas pipeline leak detection equipment are utilised to detect leaks in the pipelines carrying oil and gas. Click here to read the full story. 

Algeria to boost in exporting natural gas in 2017 

With the new Reggane and Touat fields coming on stream, Algeria's natural gas export is expected to reach 54 bcm in 2017, which is up from 51 bcm in 2016, according to the state-owned oil and gas company Sonatrach. Click here to read the full story. 

UN Security Council adds Tanzanian-flagged tanker into sanction list 

The United Nation Security Council Committee on Libya has added Tanzania-flagged tanker Capricorn to the UN sanction list, alleging that the product vessel was illegally exporting petroleum including gasoil and refined petroleum products. Click here to read the full story. 

Gulf Petrochem Group closes US$150mn financing deal 

Gulf Petrochem Group (GP), has successfully raised US$150mn from a group of international and local financial institutions based in the GCC. Click here to read the full story. 

Weatherford report on a mixed Q2 

Weatherford International has reported a net loss of US$171mn, or a loss of US$0.17 per share, and a non-GAAP net loss of US$282mn before charges and credits (US$0.28 non-GAAP loss per share) on revenues of US$1.36bn for the second quarter of 2017. Click here to read the full story. 

Abu Dhabi's Baron Point Petroleum signs JV with PetroVietnam Oil for US$150mn project in Vietnam 

The mega-project at Phu Quoc Island, Vietnam to generate growth in the local area, significantly contributing to the modernisation of the economy and supply channel in southern Vietnam. 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)

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

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

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)