The Oil and Gas Climate Initiative (OGCI) which consists of 12 global oil and gas majors representing around 30% of the worlds total oil and gas production, has launched the Aiming for Zero Methane Emissions Initiative
Industry
Strategic Gears highlights the potential of digital transformation for oil and gas companies
Larger multinational oil and gas companies and smaller SMEs have different needs and must have different approaches to digital transformation, according to a report titled “The Digital Transformation in the Oil & Gas Industry” by Saudi management consultants, Strategic Gears
TA’ZIZ and Proman partner to develop methanol facility in Ruwais
Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world’s leading producers of methanol, to develop the UAEs first world-scale methanol production facility at the TA’ZIZ Industrial Chemicals Zone in Ruwais, Abu Dhabi
IEA members to release 60 mmbbl of oil from emergency reserves
The 31 member countries of the governing board of the International Energy Agency (IEA) have agreed to release 60 mmbbl of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine
Halliburton opens chemical manufacturing reaction facility in Saudi Arabia
Halliburton has announced the opening of the Halliburton Chemical Reaction Plant – the first of its kind in Saudi Arabia to manufacture a broad range of chemicals for the entire oil and gas value chain as well as many other industries