China and Indias growing demand for petrochemicals will continue to benefit the Middle East and North African (MENA) region, say analysts.
Petrochemicals
Iran's Mehr Petrochemical changing tack
Irans Mehr Petrochemical may start producing grades other than film-grade high density polyethylene at its plant due to a shortage of butane-1 feedstock, according to reports.
SABIC profits beat expectations
Saudi Basic Industries Corp (Sabic), the worlds largest chemical firm by market value, beat estimates with a 46 per cent rise in third-quarter profit, buoyed by higher plastic and petrochemical sales.
Foster Wheeler wins Egyptian contract
Foster Wheeler AG, a global engineering and construction contractor and power equipment supplier has announced that Foster Wheeler USA Corporation, part of its Global Engineering and Construction Group, has been awarded a project management consultancy (PMC) contract by Carbon Holdings for a petrochemical complex in Ain Sokhna, Egypt with a nameplate capacity to produce 1.35 million tons per annum of polyethylene. The terms of the contract were not disclosed.
Billion dollar acrylic deal
Saudi Petrochemical producers Sahara Petrochemical Co., National Industrialization Co., Acrylic Monomers Co. and Saudi Acrylic Acid Co. have signed agreements to start engineering, procurement, and early construction works at their US$1.07bn acrylic acid project.
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SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)
Oman LNG signed various agreements with Shell Gas to secure its gas supply until 2034. (Image source: Adobe Stock)
Michael Monica, director sales, marketing and customer care at GPT Industries signs the agreement with Mohamed Altaf, sale manager, Abdulla Fouad Energy Services. (Image source: Alain Charles Publishing)
Amin H. Nasser, CEO of Aramco. (Image source: Aramco)
ARO Drilling and IMI announce first Kingdom jack up rig (Image source: ARO)
The tools deliver advanced engineering and customised solutions for downhole operations. (Image source: Adobe Stock)
Masdar, TotalEnergies, the UAE General Civil Aviation Authority, Airbus, Falcon Aviation Services and technology licensor Axens contributed to the successful flight. (Image source: Adobe Stock)
Global Drilling Rig Demand by Region, 2023 vs 2027. Source: Westwood Global Land Rigs
Saudi Arabia's Energy Minister has announced that OPEC+ production cuts can be extended past the first quarter of 2024 if needed. (Image source: Adobe Stock)
The partnership aims to advance science-backed decision-making in the upstream energy industry. (Image source: Adobe Stock)
The technology ensures deeper penetration into the reservoir with low fluid volumes, allowing for improved stimulation. (Image source: Adobe Stock)
Fouling leads to increased energy consumption and CO2 emissions. (Image source: Adobe Stock)
The Uni-Mini and Uni-Max USVs. (Image source: Unique Group)
Fugro and SEA-KIT have collaborated closely to push the boundaries of USV technology. (Image source: Fugro)
The scope of work comprises engineering, procurement, construction and installation of a new large offshore platform and brownfield work of integration with existing facilities. (Image source: Adobe Stock)
Emmanuel Guilhamon with the Taurob inspection robot. (Image source: Alain Charles Publishing)
The discovery will bolster Shell’s exploration campaign. (Image source: Adobe Stock)
The new range has been launched in response to the demand for compact and lightweight lifeboats. (Image source: VIKING)
Production quotas for next year are set to be confirmed at the OPEC+ meeting on 26 November. (Image source: Adobe Stock)
SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)
The new discoveries will bolster Aramco’s strategy to increase gas production by more than half over 2021 levels, through 2030. (Image source: Adobe Stock)
The design features a balanced poppet construction that permits high flows at minimum power levels. (Image source: Emerson)
Aramco has produced the first unconventional tight gas from its South Ghawar operational area ahead of schedule. (Image source: Adobe Stock)
The investment will allow Alkhorayef Petroleum to strengthen its position as a leading oilfield services company. (Image source: Adobe Stock)
PythonPipe offers up to 60% reduction in installation time and at one-fifth the cost of comparative steel installation. (Image source: Baker Hughes)
