Here is a brief overview of the week’s news on Oil Review Middle East, from 10th - 14th September 2017
Improving outlook for oil prices
Oil prices rose after the International Energy Agency (IEA) said in its monthly oil market report for September that global oil demand grew “very strongly” year-on-year in the second quarter this year, which prompted the IEA to revise up its growth estimate to 1.6mn bpd for this year. Click here to read the full story.
Basra conference to discuss the opportunities available in the region in oil and gas sector
Ahead of the international Basra Oil, Gas & Infrastructure Conference 2017, to be held from 30-31 October 2017, Ali Shadad Al Fares, chairman of the oil & gas committee at the Basra council, has highlighted the importance of the conference in accommodating the upcoming projects that plays major role in rebuilding Iraq. Click here to read the full story.
SABIC inaugurates PP pilot plant in the Netherlands
SABIC, Saudi Arabia’s diversified manufacturing company, has inaugurated a new polypropylene (PP) pilot plant in Geleen, the Netherlands, and announced that it will further invest in building a state-of-the-art PP extrusion facility at the same location. Click here to read the full story.
Baker Hughes receives deal for Egypt's Zohr gas field
Baker Hughes (BHGE), a GE company, has received a subsea contract from Petrobel for phase two development of the Zohr Gas Field which is located in the Mediterranean Sea offshore Egypt. Click here to read the full story.
TITAN signs contract with ALFAHIM’s EMC for UAE Operations
TITAN Spezialfahrzeugbau GmbH, the global manufacturer of heavy duty and special purpose vehicle, has signed a contract with Al Fahim’s Emirates Motor Company (EMC) to represent their products and services in the UAE market. Click here to read the full story.
Schlumberger announces DELFI cognitive E&P environment
Schlumberger has unveiled the new DELFI cognitive E&P environment, which aims to enable collaboration across exploration and production (E&P) teams and leverage the full potential of all available data and science to optimise E&P assets. Click here to read the full story.
PDO signs US$253mn contracts to boost Omani supply chain
Petroleum Development Oman (PDO) has agreed two deals worth US$253.1mn to Omanise the provision of vital equipment for the oil and gas industry. Click here to read the full story.
Krohne introduces new ultrasonic flowmeter for elevated process temperature and pressure
The process measuring technology provider Krohne has introduced OPTISONIC 4400, an inline 2-path ultrasonic flowmeter for flow measurement at elevated process temperature and pressure. Click here to read the full story.
DNV GL’s recommendations to fight cyber threats in oil and gas
DNV GL’s new DNVGL-RP-G108 cyber security aims to help the operators, system integrators and vendors to manage and prevent emerging cyber threat in the oil and gas industry, which is caused due to the increased digitalisation in the sector across the world. Click here to read the full story.
Bahri reinforces leading role in oil logistics with a 40-strong VLCC fleet
‘Rimthan’ is the fourth Very Large Crude-oil Carrier to join the Bahri fleet this year. Click here to read the full story.
Dowdupont to split into three companies after merger completed
Dow Chemical Company and DuPont have completed the merger of equals, naming the combined entity as DowDuPont which will be operating with three divisions such as agriculture, materials science and specialty products. Click here to read the full story.
DNV GL and Gexcon collaborates in large-scale dust explosion research
DNV GL has partnered with Gexcon in a collaborative project to investigate dust explosions at a larger scale and produce new guidelines for industry on how best to mitigate these events. Click here to read the full story.
