Aramco, Baoshan Iron & Steel Co. (Baosteel), a leading steel conglomerate, and the Public Investment Fund (PIF) have signed a shareholders agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia
Industry
Capturing the future: the vital role of carbon capture and sequestration in decarbonisation
Carbon capture and sequestration (CCS) is a process that involves the capture of carbon dioxide (CO2) emitted from industrial processes, power plants, and other sources and the storage of this CO2 in geological formations or other structures where it will not contribute to global warming
Okeanus delivers underwater mooring winch for uncrewed vehicles
Okeanus Science & Technology, LLC (Okeanus), an international provider of specialised ocean equipment and marine engineering services, announced the successful delivery of a 1,500 m depth rated, 500 kg safe working load, underwater mooring winch custom designed for integration within a large displacement uncrewed underwater vehicle (UUV) earlier this year
Oilfield services majors record strong Middle East growth
The three oilfield services (OFS) majors – SLB, Halliburton and Baker Hughes – all posted robust results for this year’s first quarter and saw steady growth year-on-year, with the Middle East being a key region for all three
New technology to clean oil sludges
Envorem, the UK-based technology business, has developed an innovative new technology that uses a little-known property of water to rapidly and inexpensively process oil production sludges