Here is a brief overview of the week’s news on Oil Review Middle East, from 17th - 21st September
Weatherford introduces V0-qualified retrievable barrier for high-pressure, high-temperature wellbores
Weatherford International has launched ISO extreme retrievable well barrier, which is qualified to ISO 14310 V0 standards for gas-tight isolation and set on electric line, slickline, tubing or coiled tubing (CT) to temporarily isolate the well. Click here to read the full story.
DME auctions 21.6mn crude oil barrels
Dubai Mercantile Exchange (DME), the international energy futures and commodities exchange in the Middle East, has concluded its latest Basrah Light auction on 20 September 2017, on behalf of Iraq’s National Oil Company, SOMO. Click here to read the full story.
Oil to average in the US$50s a barrel in 2018
The average price for Brent crude oil in 2018 will remain in the range of US$50s per barrel, according to Gulf Intelligence’s recent industry survey which was conducted across the Middle East and Asia. Click here to read the full story.
Synectics wins multiple surveillance contracts in the Middle East
Surveillance solutions business Synectics has received multiple contracts for onshore and offshore oil and gas developments, which will be spanning across Egypt, Saudi Arabia, the UAE and Iran. Click here to read the full story.
Sonatrach chief speaks for oil industry reforms in Algeria
Abdelmoumen Ould Kaddour, CEO of Sonatrach, has stated that the country is required to upgrade its oil and gas industry laws in order to attract international investors. Click here to read the full story.
KROHNE introduces new large line size coriolis mass flow meters for oil and gas industry
The process measuring technology provider KROHNE has introduced new large line sizes for its OPTIMASS series, aiming to achieve continuous and repeatable mass flow or density measurement in a wide range of gas fractions and complex flow conditions. Click here to read the full story.
Sadara starts full commercial operations of its chemical complex in Jubail
Saudi Arabia-based Sadara Chemical Company has announced the commercial start-up of its toluene di isocyanate (TDI) facility, noting that the production of commercial quantities of TDI marks the full commercial operation of all facilities in the complex. Click here to read the full story.
Weatherford introduces AutoTong system for increased operational efficiency
Weatherford International plc has introduced the AutoTong system, an automated pipe makeup and connection evaluation system that aims to enhance consistency, efficiency, safety and life-of-well integrity. Click here to read the full story.
