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Oil Review Middle East weekly digest - 7th - 11th May 2017

Exploration & Production

Here is a brief overview of the weeks new on Oil Review Middle East, from 7th - 11th May 2017

Faccin S.p.A: the trusted partner in metal forming 

For over 50 years, Faccin SpA has been the trusted partner by thousands of manufacturers around the world to achieve their most challenging fabrication needs. Click to read the full story.  

Petrofac secures US$70mn of new contracts in Iraq 

Petrofac has secured a series of contract awards worth more than US$70 mn for engineering, operations and maintenance services in Iraq. Click to read the full story. 

PDO increases local company support with two new contracts 

Petroleum Development Oman (PDO) has awarded two key contracts valued at around RO 300 mn to Omani businesses for work in the north of its operations in the Sultanate. Click to read the full story. 

Global oil discoveries and new projects fell to historic lows in 2016

Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could into and through 2017. Click to read the full story. 

Honeywell UOP signs agreement to provide technology and equipment for Jordanian refinery expansion 

Expansion of Zarqa Refinery will increase production of cleaner-burning fuels. Click to read the full story. 

Air Liquide Arabia starts up the Middle East’s first hydrogen pipeline network in KSA 

Air Liquide Arabia (ALAR) have announced on 9 May, the startup of the Middle East’s first hydrogen pipeline network in Jubail, on the east coast of Saudi Arabia. Click to read the full story. 

SNC-Lavalin wins engineering and management services contract for separation plant in Saudi Arabia 

SNC-Lavalin has announced that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Programme. Click to read the full story. 

Iraq calls for bids for new oil refinery 

Iraq’s Oil Ministry has asked foreign companies and investors to bid for a project to build and operate a 300,000 bpd export-oriented refinery in Fao near Basra. Click 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)