In The Spotlight
Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC CEO and Masdar chairman, officially opened ADIPEC 2025 in Abu Dhabi today with a powerful call for realism, collaboration and innovation in the face of global energy challenges
Addressing global industry leaders, Dr Al Jaber urged the sector to “tune out the noise, track the signal,” emphasising that “near-term uncertainty is real, while long-term demand remains very strong.” He highlighted that energy demand will continue to grow across all sectors, noting that “renewables will more than double, funding for LNG will grow by 50%, jet fuel by more than 30%, and oil will stay above 100 million barrels per day beyond 2040.”
He stressed that “what we’re really talking about here is energy addition, not energy transition,” reinforcing that “energy equals jobs, growth, competitiveness and intelligence.”
Dr Al Jaber also underlined the UAE’s leadership in integrating AI and technology to drive efficiency. “We are laser-focused on becoming the most AI-native energy company,” he said, referencing ADNOC’s Energy to the Power of AI programme, which boosts production forecasts by 90%.
Closing his address, he urged unity and resilience. “Real progress is never the work of one single individual or company. It happens when we move together with purpose.”
Secretary Doug Burgum, 55th Secretary of the Interior, Chair, Energy Dominance Council of the United States of America spoke at the opening ceremony. He urged the global community to hasten the adoption of AI, while calling for the US to stay ahead in what he termed the “AI arms race”.
The opening of ADIPEC also saw a ministerial panel comprised of His Excellency Suhail Mohamed Al Mazrouei, the UAE’s Minister of Energy and Infrastructure; His Excellency Saad bin Sherida Al Kaabi, the Qatari Minister of State for Energy Affairs; and His Excellency Eng. Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources.
The panelists grappled with the complex future of the energy sector, emphasising the urgent need for investment, balanced policies, and collaboration across borders.
Al Mazrouei highlighted the rising demand for diverse energy sources. “We will definitely need more oil, definitely more gas, definitely more renewable energy,” he noted, adding, “If we’re not investing in a large scale... we will have an issue down the road.”
Addressing geopolitical uncertainties, Al Kaabi warned of the consequences of regulatory decisions. “If Europe does not really look at how they can water down the CSDDD... we will not be delivering energy to Europe for sure, 100%.”
Both the US and Qatar have warned the European Union that its Corporate Sustainability Due Diligence Directive (CSDDD) could disrupt liquefied natural gas (LNG) supplies to Europe. They are concerned that penalties of up to 5% of a company's global annual turnover for non-compliance could make it unprofitable to supply Europe, and have urged the EU to revise or repeal the CSDDD. Qatar, a major LNG supplier to Europe, stated that it would halt exports to the bloc if it faced such fines.
Al Kaabi emphasised, “We shouldn’t be following politics when we look at the lives of people and how much energy we need.”
Badawi brought focus to regional innovation and cooperation, “Egypt is very much focused in terms of unleashing the potential of the mining sector,” he said. He also stressed the importance of diverse strategies, explaining that Egypt is “Very much focused on creating the energy mix, which leverages renewables, oil, gas, and nuclear.”
The acquisition strengthens GPT Industries' role in helping operators mitigate corrosion and maintaining asset integrity. (Image source: Adobe Stock)
GPT Industries, a global leader in sealing, electrical isolation, and remote asset integrity monitoring solutions, has acquired Integrated Rectifier Technologies Inc. (IRT), an Alberta-based manufacturer of transformer rectifiers and related products for the cathodic protection (CP) industry
This strategic acquisition brings together GPT’s expertise in flange isolation technology and remote asset monitoring with IRT’s long-standing reputation for reliable rectifier systems, further strengthening GPT’s role in helping operators mitigate corrosion and maintain asset integrity across energy and infrastructure sectors.
Founded in 2001, IRT has become a trusted supplier of transformer rectifiers and control systems, known for its C.P. Sentinel product line and commitment to certified, safety-focused designs. The company’s products are widely used in impressed current CP systems for pipelines, utilities, and water infrastructure throughout North America and across the globe.
Darin Lane, CEO of GPT Industries, said, “Together, we’ll enhance the technologies that support corrosion mitigation efforts, improve monitoring capabilities, and ultimately deliver greater value to our partners.”
Integrating IRT’s rectifier technology with GPT’s Iso-Smart remote monitoring platform will accelerate the development of advanced remote asset integrity systems, providing operators with deeper visibility into CP performance, streamlined data collection and faster response to field issues.
The acquisition aligns with GPT’s strategy of growth through partnership and technology advancement, reinforcing its commitment to supporting customers in safeguarding vital assets and extending the life of critical infrastructure.
The AI transformation is well and truly underway, with interest and pilots shifting to actual deployments, according to the second edition of the Powering Possible report released by ADNOC and Microsoft
More than 850 global experts across energy, technology, AI, academia and finance – including leaders from OpenAI, TotalEnergies and the International Energy Agency – contributed to the report, which highlights the opportunities and challenges of AI adoption in the energy sector.
With 88% of companies surveyed agreeing that scaling AI is essential to achieving energy transformation, the 2025 report data shows that the energy sector is both powering AI and being transformed by it. AI is expected to have its greatest impact on energy distribution and emerging energy solutions, with applications ranging from predictive maintenance and smart grid management to real-time demand forecasting and energy optimisation. AI is helping to optimise grids, reduce energy usage and emissions, and unlock new efficiencies across the energy value chain.
Nearly nine in ten companies surveyed have increased investment in AI and digital infrastructure since 2024, with 73% of companies deploying AI across multiple business functions. One in five are already using agentic AI to automate complex decision-making. At the same time there is a widespread view that investments in grid modernization (55%) are key to keeping up with AI’s growing demands, followed by energy storage (38%) and advanced materials like high-efficiency conductors (33%).
However, realising AI’s full potential is not without challenges. Cybersecurity has overtaken cost as the top consideration for adoption (49%), followed closely by data quality and consistency (45%) and a shortage of skilled talent (39%). These challenges are compounded by the sector’s slower innovation cycles and the complexity of integrating AI into legacy systems.
As AI adoption continues to scale, access to reliable and sustainable energy is becoming a strategic priority. The challenge, and opportunity, is to align AI for energy and energy for AI so that each accelerates the other, delivering a more sustainable, secure, and inclusive energy future.
His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, and ADNOC managing director and Group CEO said: “AI is no longer a future promise for the energy sector; it’s delivering real impact today from predictive maintenance to AI-optimised grids. At ADNOC, we’re embedding AI as a core capability across our operations, driving transformation at scale with measurable gains in reliability, efficiency, and sustainability. This report reflects the sector’s progress and provides a roadmap for what comes next — investing in talent, scaling proven solutions, and aligning policy with innovation. The next step is clear: move faster, together.”
Brad Smith, vice chair and president, Microsoft said, “Meeting the demands of both the AI era and energy transition will require more than ambition — it will take strong partnerships and innovation. That’s why Microsoft is working closely with energy leaders to reimagine power systems, develop talent, and build responsible AI practices.”
The report is available for download here.
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Exclusive Interview with Friedrich Portner, Maritime Cluster, AD Ports Group
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Exclusive Interview with Kevin Killeen, MSA Safety
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Exclusive Interview with Maurits van Tol, Johnson Matthey
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GPT Industries - Iso-Smart
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ADIPEC 2024 - Exclusive Interview with Joseph El Bitar, Hexagon
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ADIPEC 2024 - Exclusive Interview with Alexander van Veldhoven, Bapco Energies
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ADIPEC 2024 - Exclusive Interview with Friedrich Portner, Safeen Group
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ADIPEC 2024 - Exclusive Interview with Kevin Brilz, Fishbones
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ADIPEC 2024 - Exclusive Interview with Mohamed Malak, Fishbones
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ADIPEC 2024 - Exclusive Interview with Dileep Divakaran, SLB
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ADIPEC 2024 - Exclusive Interview with Eric Kjol, SLB
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ADIPEC 2024 - Exclusive Interview with Dmitry Shubenok & Aleksandr Dolgikh, North Side
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ADIPEC 2024 - Exclusive Interview with Adam Stephenson, AkzoNobel
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ADIPEC 2024 - Exclusive Interview with Frazer Young, Oil States
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ADIPEC 2024 - Exclusive Interview with Peter Foith, CS Combustion Solutions GmbH
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Exclusive interview with Maurits van Tol
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Rockwell Automation interview with Sebastien Grau
The two companies will jointly pursue exploration and production opportunities. (Image source: PETRONAS)
Malaysia’s PETRONAS has signed an MoU with OQ Exploration and Production New Ventures LLC (OQEP) a wholly-owned subsidiary of OQ Exploration and Production SAOG, to jointly pursue opportunities for oil and gas exploration and production across the Middle East and Southeast Asia
The collaboration will leverage PETRONAS’ international upstream expertise and OQEP’s regional knowledge, aiming to unlock new growth opportunities and accelerate value creation in diverse markets.
The agreement was signed at OQPE's headquarters in Oman by Mohd Redhani Abdul Rahman, vice president of International Assets of PETRONAS Upstream, and Mahmoud Al Hashmi, acting chief executive officer and chief operations officer of OQEP,.
Redhani said, “This collaboration represents a meaningful step forward in our efforts to build a resilient and competitive upstream portfolio. By aligning our strengths with OQEP’s strategic direction, we are well-positioned to pursue impactful ventures in these regions.”
PETRONAS has been active in Oman since 2018 and currently holds participating interests in Block 61. This MoU builds upon the growing relationship between PETRONAS and OQEP, anchored on mutual respect and shared industry goals.
Oman's largest pure-play oil and gas exploration and production company and it is the only upstream oil and gas operator owned by the Government of Oman. OQEP currently ranks among the top three oil and gas producers and is also one of the largest holders of oil and gas reserves in Oman.
The Middle East offshore drilling rig market is undergoing a significant recalibration, says Teresa Wilkie, director – RigLogix at Westwood Global Energy Group
Following a few years of aggressive supply expansion, particularly in Saudi Arabia, the region continues to grapple with the fallout from rig suspensions and shifting investment priorities.
Between 2021 and 2024, the Middle East jackup market saw a dramatic increase in activity. Saudi Aramco’s push to grow its working jackup fleet from the mid-50s to 90 units drove a surge in marketed supply in the region, which peaked at an annual total of 183 units in 2024 – a 31% increase from 2021. This expansion was supported by reactivations, newbuild deliveries, and rig relocations from across the globe.
However, in early 2024, Aramco revised its plans, leading to the suspension or termination of 36 jackups and leaving drilling contractors to reassess their fleet strategies. Many of these rigs have been redeployed, with several regions absorbing the majority of excess capacity such as West Africa, Southeast Asia, China, other parts of the Middle East, as well as Brazil and Mexico to a smaller extent. Drilling contractors have also taken measures to rebalance their fleets and the wider global market, such as moving units to cold stack, selling these assets for non-drilling purposes, or returning bareboat-chartered jackups to their owners.
While Middle Eastern committed utilisation remains relatively high at 89%, actual working utilisation has dropped to 83%, and this supply and demand imbalance is now showing up in pricing.
Global jackup dayrates have dropped by around 17% year-to-date versus the full year figure for 2024, as contractors face intense competition, with more rigs chasing fewer opportunities following the influx of available supply from Saudi Arabia. The result? Lower bids, tighter margins, and a clear shift in operator leverage. Dayrates for contracts fixed in the Gulf Cooperation Council (GCC) this year are sitting around 16% lower on average when compared to contracts fixed in 2023.
Signs of market uptick
Despite the recent disruptions, the Middle East remains a cornerstone of offshore drilling. Qatar and the UAE continue to invest in major offshore gas projects, and Saudi Arabia is still pursuing brownfield revitalisation, albeit at a slower pace. These developments provide a foundation for continued rig demand.
The region’s long-term fundamentals remain strong. Committed utilisation figures shows that future backlog is still healthy, especially now that Saudi Aramco has started calling back some of the remaining idle rigs (with current indications that it could take back six to nine rigs from early 2026) and award activity in the region this year is already higher than it was for the full year of 2024. Meanwhile, the redeployment, cold stacking and retiring of rigs has helped mitigate some of the supply surplus.
Global implications and strategic lessons
The Middle East jackup market is transitioning from a phase of aggressive expansion to one of strategic recalibration. Saudi Aramco’s rig suspensions have reshaped the regional and global landscape, but the absorption of rigs to other markets and continued investment in gas and brownfield projects suggest that the market will remain buoyant.
The redeployment of rigs from Saudi Arabia underscores the importance of fleet flexibility and geographic diversification. Drilling contractors with the ability to quickly reposition assets have fared better, while those heavily exposed to the Middle East have faced greater challenges.
Farabi Petrochemicals Company has inaugurated its fourth integrated Linear Alkyl Benzene (LAB) plant in Saudi Arabia
The US$950mn state-of-the-art facility, located in Yanbu Industrial City, adds 120,000 metric tons per year of LAB capacity. Built adjacent to Aramco’s refineries, the plant leverages locally produced kerosene and benzene feedstocks, ensuring world-class integration, efficiency, and sustainability performance.
The new plant underlines Farabi’s commitment to Saudi Arabia’s Vision 2030 objectives of downstream diversification, localisation and GDP growth.
The company also signed a new Memorandum of Understanding (MoU) with Unilever to expand their 20-year strategic partnership. Unilever is the world’s largest buyer of LAB, a key ingredient in household and industrial cleaning products.
The expanded agreement aligns Farabi’s capacity growth with Unilever’s constantly growing global demand in home care products, supporting innovation and sustainable growth. Both companies expressed confidence that this deepened collaboration will generate long-term value and advance their shared sustainability goals.
Eng. Mohammed Al Wadaey, CEO of Farabi Petrochemicals Group, said, “Farabi Petrochemicals is proud to be the world’s largest producer of LAB and NP which is the result of consistent growth, product diversification, advanced industrial infrastructure and dedication of our talented employees. We actively support Vision 2030 driving economic diversification, creating job opportunities, contributing to Saudi Arabia’s position as a global industrial hub, while maintaining a positive impact in the environment.”
DUG Insight combines interpretation, visualisation, processing, imaging and quantitative analysis – at any resolution. (Image source: DUG)
With operators across the Middle East acquiring tens of thousands of square kilometres of high-fold 3D and OBN seismic data, today’s interpretation challenge spans hundreds of billions of traces – demanding next-generation software built for true scale
Modern exploration teams need more than incremental upgrades; they need to connect every stage of the seismic workflow and make collaboration seamless.
For many companies, that challenge is compounded by fragmented workflows – with processing, imaging, and interpretation handled on separate packages. DUG Insight eliminates that complexity, uniting every stage of the seismic workflow within one powerful, interactive software designed for scale, speed, and collaboration.
Built first for DUG’s own geoscientists and now used in over 35 countries, DUG Insight combines interpretation, visualisation, processing, imaging and quantitative analysis – at any resolution. Designed for seismic/single/multi-channel and sub-bottom profiler data, the software offers a complete suite of industry-leading tools, with integrated 3D visualisation and mapping for pre-stack, 2D/3D and time-lapse studies. Quantitative interpretation (QI) functionality includes statistical rock physics and simultaneous absolute inversion. Featuring an intuitive, interactive interface, DUG Insight automates labour-intensive tasks and enables a seamless, productive user experience, while encapsulating project configuration and operation within a consistent workspace. Crucially for operators evaluating platform strategy, DUG Insight is not “interpretation-only” or “processing-only” – it is both, by design.
The software supports both on-premises and cloud-based deployments through DUG’s high performance computing system, with flexible licensing and round-the-clock technical support. Recent developments include AI-assisted interpretation tasks such as log interpretation and fault picking, further enhancing efficiency.
DUG’s continual investment in research and development keeps DUG Insight at the leading edge. The company’s revolutionary elastic multi-parameter FWI imaging technology, included in DUG Insight, is a complete replacement for the traditional seismic processing, imaging and elastic rock property inversion workflows.
With its new office in Abu Dhabi, DUG is working even closer with regional partners to support large-scale land and offshore projects across the Middle East. Whether for mega-merges, massive OBN datasets, or ultra-dense onshore surveys, DUG Insight is a single unified software to process, image, interpret and analyse seismic data – efficiently, interactively and at any scale.
Despite advances in digital technology, many oil and gas sites across the Middle East still rely on manual entry for tank and vessel inspections, resulting in days of downtime, high scaffolding costs and risk to human life
What if you could change all that with drone technology?
Inspections drones such as the Elios 3 are revolutionising the world of confined space inspections, improving safety, reducing downtime and enhancing operational efficiency.
Join us for an exclusive live webinar hosted by Flyability in association with Oil Review Middle East on ‘Transforming oil and gas operations with the Elios 3 drone’ on Tuesday 2 September at 2pm GST. Industrial experts will explain how drones such as the Elios 3 are transforming confined space inspections, and how you can integrate this technology into your operations seamlessly.
Key highlights:
Drone integration: learn how to safety and effectively implement drones in confined space
Safety and training: understand essential safety protocols and training strategies for your team
ROI: discover how to measure and achieve a strong return on investment with drone technology
Real world use cases: hear from the engineers using drone tech in the field on the impact Elios 3 is having on in oil and gas inspections.
Speakers and host:
Fabio Fata – senior sales manager, Flyability (moderator)
Eralp Koltuk – inspection lead engineer, Tüpraş
Danijel Jovanovic – director of operations, ZainTECH
Take your operations to the next level! Don’t miss out on gaining valuable insights into how drones can make inspections safer, faster and smarter .
From making inspections in hazardous confined spaces much safer to streamlining the whole process and providing valuable real-time data, you will get to see exactly how the Elios 3 is changing the game.
Methane emissions reporting is improving, but more action is needed to reduce emissions. (Image source: Adobe Stock)
Government and industry responses to UN Environment Programme (UNEP) satellite methane alerts rose from 1% to 12% cent in the past year, and oil and gas methane emissions reporting has improved, but action needs to accelerate to achieve the Global Methane Pledge goal of curbing methane emissions 30% by 2030, according to a new UNEP report
Atmospheric methane continues to be the second biggest driver of climate change after carbon dioxide, responsible for about one-third of the planet’s warming, and real-world data is a critical tool to track and reduce methane emissions.
The fifth edition of the UN Environment Programme’s (UNEP) International Methane Emissions Observatory (IMEO) publication, An Eye on Methane: From measurement to momentum, finds that member oil and gas companies of IMEO’s Oil and Gas Methane Partnership 2.0 (OGMP 2.0) are set to track one-third of emissions from global production using real-world measurements. The OGMP 2.0 is the world’s global standard for methane emissions measurement and mitigation in the oil and gas sector. Over the past five years, OGMP 2.0 membership has more than doubled to 153 companies in the countries, covering 42% of global oil and gas production.
One-third of global oil and gas production reports, or will soon report, emissions at OGMP 2.0’s Gold Standard – meaning emissions are tracked with real-world measurements. This positions a large amount of the global industry to effectively measure – and thus mitigate – emissions. One of the companies achieving 'Gold Standard reporting' in 2024 for having effectively achieved the highest levels of data quality is Eni. OGMP 2.0’s 2025 report recognized Eni for its continued progress, including identifying and quantifying emissions across non-operated assets, as well as training and technical assistance on the LDAR (Leak Detection and Repair) approach to fugitive emissions. LDAR training sessions were organised with the support of UNEP and delivered to National Oil Company (NOC) personnel.
The report highlights that while government and company responses to alerts from IMEO’s Methane Alert and Response System (MARS) have grown tenfold over the previous year, nearly 90% remain unanswered, necessitating an increase in response rates. Through MARS, UNEP has sent over 3,500 alerts about major emissions events across 33 countries. These alerts are based on satellite monitoring and artificial intelligence-supported analysis. IMEO has documented 25 cases of mitigation action in ten countries since MARS was launched in 2022, including across six new countries during the past year.
“Reducing methane emissions can quickly bend the curve on global warming, buying more time for long-term decarbonisation efforts, so it is encouraging that data-driven tools are helping the oil and gas industry to report on their emissions and set ambitious mitigation targets,” said Inger Andersen, executive director of UNEP. “But to keep the Paris Agreement targets within reach, the important progress on reporting must translate into cuts to emissions. Every company should join the Oil and Gas Methane Partnership 2.0, and both governments and operators must respond to satellite alerts – then they must act to reduce emissions.”

