Here is a brief overview of the week’s news on Oil Review Middle East, from 9th July - 13th July 2017
Qatar to boost 30 per cent LNG output by 2024
The state-run Qatar Petroleum (QP) has announced plans to increase gas production by 30 per cent from its giant North Field in next five to seven years, a move that is expected to boost total natural gas production of the country to 100mn tonnes per year by 2024. Click here to read full story.
ADNOC unveils new, expanded partnership approach
The Abu Dhabi National Oil Company (ADNOC) has announced the expansion of its partnership model to span the Group’s entire value chain as well as the more active management of its portfolio of assets. Click here to read full story.
Saudi Arabia to develop new energy industrial city
With Saudi Arabia’s strategy to expand its industrial base, the Saudi government approved its state-owned oil and gas company Saudi Aramco’s plan to set up two new companies that will develop and operate a new energy industrial city in the kingdom. Click here to read full story.
CEDIGAZ highlights the growing role of natural gases in a diversifying energy outlook
CEDIGAZ, the International Association for Natural Gas Information, has just released its Medium and Long Term Natural Gas Outlook 2017. Click here to read full story.
Global energy investment fell for a second-year for low oil and gas spending: IEA
International Energy Agency’s (IEA) recent annual world energy investment report shows that the global energy investment continues to decline for the second year in a row in 2016, due to the continued drop in upstream oil and gas spending. Click here to read full story.
Saudi Aramco to invest more than US$300bn in oil and gas over the next decade
Saudi Aramco is to invest more than US$300bn over the coming decade to reinforce its pre-eminent position in oil, maintain its spare oil production capacity, and pursue a large exploration and production programme centring on conventional and unconventional gas resources, said Amin H. Nasser, the oil giant’s president and CEO in a speech to the World Petroleum Congress in Istanbul. Click here to read full story.
VisualSoft system to be installed in the cable-laying vessel in Scotland
Forum Energy Technologies (FET), an international oilfield products company, has entered into a partnership with iSURVEY group, to supply its latest VisualSoft vessel installation system on the NKT Victoria, which is the world’s most advanced cable laying support vessel. Click here to read full story.
Marsol wins marine and offshore contract with OOCEP
Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has signed a two year contract with Oman Oil Company Exploration & Production LLC (OOCEP). Click here to read full story.
USA has potential to dominate global LNG market by 2022 - IEA
The USA is set to challenge Qatar and Australia for dominance of the global LNG market by 2022, according to the IEA's newly released report, Gas 2017. href="http://www.oilreviewmiddleeast.com/gas/usa-has-potential-to-dominate-global-lng-market-by-2022-iea" target="_blank" rel="noopener noreferrer">Click here to read full story.
