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.
