Oil Review Middle East weekly digest - 7th- 11th January

Algeria's Sonatrach to help in Iraq’a oil and gas exploration projects

The government-run energy company of Algeria, Sonatrach, is planning possible investment opportunities in Iraq’s oil exploration and natural gas projects. Click here to read the full story.

2018: The year of oil market stabilisation?

The annual US$2trillion global oil market is steadily returning to balance after three years of persistent supply glut and bloated inventories, as evidenced by improving fundamentals and forward market structure, according to Moin Siddiqui, economist. Click here to read the full story.

China’s Sinopec to use Eni’s EST technology

Eni has sold the licence and basic engineering project to the Chinese company Sinopec to construct a refining plant using the Eni Slurry Technology (EST). Click here to read the full story.

C-Innovation forms subsea projects group for an integrated subsea solutions

C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore (ECO), has formed a turnkey subsea projects group to provide a complete solution to its global customer base. Click here to read the full story.

Saudi Aramco launches International Maritime Industries company

Saudi Aramco and its partners have launched International Maritime Industries (IMI) joint venture, aiming to link Aramco’s supply chain related to offshore drilling and shipping activities. Click here to read the full story.

Caterpillar announces open order board for 3512E Tier 4 land electric drilling engine

Caterpillar Oil and Gas has announced open order board for the Cat® 3512E Tier 4 Final land electric drilling engine. Click here to read the full story.

ADNOC’s awards FEED contracts for Hail, Ghasha and Dalma projects

The Abu Dhabi National Oil Company (ADNOC) has awarded the UK-based Bechtel and the UAE’s TechnipFMC two front end engineering design (FEED) contracts for offshore ultra-sour gas mega project in Hail, Ghasha and Dalma fields. Click here to read the full story.