Arabian Industry - Oil & Gas Guide to Middle East industry news and tenders. Includes Construction, Hospitality, Aviation, Technology, Oil, Gas, Travel, Supply Chain, Utilities, Comms, and Petrochemicals information as well as live market data. Gulf business events, information, photos and data for Saudi, UAE, Qatar, Kuwait, Bahrain and more. Thu, 03 Dec 2020 02:29:47 +0400 Arabian Industry - Oil & Gas 144 16 en ITP Digital Ltd. 2020 (webmaster) Thu, 03 Dec 2020 02:29:47 +0400 20 Eni presents the 19th edition of the World Oil, Gas and Renewables Review Eni presents the 19th edition of the World Oil, Gas and Renewables Review News | Oil & Gas Thu, 03 Dec 2020 09:45:30 +0400 Oil and Gas Hose Assemblies Market Driven by Increasing Focus On Onshore and Offshore Upstream Explorations: FMI Study Oil and Gas Hose Assemblies Market Driven by Increasing Focus On Onshore and Offshore Upstream Explorations: FMI Study News | Oil & Gas Wed, 02 Dec 2020 09:30:15 +0400 Oil and Gas Hose Assemblies Market Driven by Increasing Focus On Onshore and Offshore Upstream Explorations: FMI Study Oil and Gas Hose Assemblies Market Driven by Increasing Focus On Onshore and Offshore Upstream Explorations: FMI Study News | Oil & Gas Wed, 02 Dec 2020 09:30:15 +0400 Lloyd’s Register partners with regulator to apply machine learning to mine insight from decades of safety data Lloyd’s Register partners with regulator to apply machine learning to mine insight from decades of safety data News | Oil & Gas Tue, 01 Dec 2020 05:15:00 +0400 Aramco announces expansion of its flagship localization program Plans involve business collaborations across multiple growth sectors News | Oil & Gas Mon, 30 Nov 2020 09:15:00 +0400 If OPEC+ increases output in January, a 200 million-barrel glut will build through May The OPEC+ group will be debating whether or not to maintain its currently curtailed oil production levels to 2021 or to increase them as planned by nearly 2 million barrels per day News | Oil & Gas Mon, 30 Nov 2020 09:00:15 +0400 Despite downturn, US shale operators finding new growth opportunities, says GlobalData The consolidation kick-started by Chevron’s acquisition of Noble Energy for US$13bn News | Oil & Gas Sun, 29 Nov 2020 06:15:00 +0400 Bahrain awards $2.7 billion worth of contracts in first nine months of 2020 Continued high value of tenders in the construction sector indicative of government focus on multi-billion dollar infrastructure project pipeline News | Oil & Gas Sun, 29 Nov 2020 11:30:45 +0400 ADNOC awards $519 million contract expanding world’s largest 3D seismic survey This contract increases the scope of the ongoing seismic mega survey to capture coastal areas, islands, and shallow water News | Oil & Gas Sun, 29 Nov 2020 11:30:30 +0400 COVID-19 drives UAE companies to increase tech investment: KPMG Almost 70% of UAE CIOs have gained more C-suite influence in light of the pandemic News | Oil & Gas Sat, 28 Nov 2020 05:30:45 +0400 As global oil demand outlook weakens, planned refining capacity boom set to keep utilization low New and expanding projects from the beginning of 2020 and up until the end of 2025 are estimated to add about 13 million bpd of global capacity News | Oil & Gas Fri, 27 Nov 2020 05:30:15 +0400 Dana Gas announces record gas deliveries from Khor Mor Gas Plant in the KRI Dana Gas, which owns a 35% stake in Pearl Petroleum, registered a 6% year on year increase in production during the third quarter of 2020 to 32,400 boepd News | Oil & Gas Thu, 26 Nov 2020 06:00:30 +0400 ADNOC Distribution continues Dubai expansion with first 'ADNOC on the go" The new ADNOC On the go station will host a dedicated fueling station with a separate convenience store located onsite, as well as in car ordering and delivery News | Oil & Gas Thu, 26 Nov 2020 06:00:00 +0400 Silixa launches fibre-optic sensing-based monitoring solution for carbon capture Elements of the solution include microseismic monitoring and passive seismic throughout the lifetime of a CO2 storage facility News | Oil & Gas Thu, 26 Nov 2020 01:00:00 +0400 Global oil and gas contract activity reports marginal increase during Q3 2020, says GlobalData The industry recorded contract value of $14.16bn in Q3 2020 News | Oil & Gas Wed, 25 Nov 2020 06:45:00 +0400 Saipem invests in simulator technology in Dammam training facility As well as training for all drilling operations, tripping practices and well control, the simulator will be heavily utilized in the delivery of IADC and IWCF accredited well control courses News | Oil & Gas Wed, 25 Nov 2020 10:45:45 +0400 SPC approves ADNOC's $122 billion capex for 2021-2025 ADNOC is aiming to drive $43.6 billion back into the UAE economy in that time News | Oil & Gas Tue, 24 Nov 2020 05:30:30 +0400 Abu Dhabi discovers new unconventional onshore oil resources The SPC announced the discovery of 22 billion stock tank barrels' worth of recoverable unconventional oil resources onshore News | Oil & Gas Tue, 24 Nov 2020 05:15:15 +0400 Rockwell Automation acquires Fiix Inc., cloud software company AI-Enabled computerized maintenance management system modernizes operations planning, management, and equipment failure prediction News | Oil & Gas Tue, 24 Nov 2020 01:00:45 +0400 PDO completes third phase of digital transformation strategy This stage of the project included giving PDO’s maintenance and operations teams direct access to the digital twin across the complete business lifecycle News | Oil & Gas Mon, 23 Nov 2020 06:00:00 +0400 Webinar today: Saudi Aramco, AVEVA, Stratus to discuss digital growth strategy and edge computing Join the panel discussion today at 2PM GST to hear from industry experts about the role of edge computing in building a thorough digital strategy News | Oil & Gas Mon, 23 Nov 2020 10:30:15 +0400 Last chance to register for webinar: Saudi Aramco, AVEVA and Stratus to discuss digital transformation tomorrow Experts from the three companies will examine the role of edge computing in accelerating digital transformation and avoiding its pitfalls, with Aramco to discuss its own digital growth strategy News | Oil & Gas Sun, 22 Nov 2020 04:45:30 +0400 Global E&P players may invest $380 billion in 2021, but about 20% is at risk $76 billion of estimated 2021 investments could be at risk of deferral or reduction News | Oil & Gas Sun, 22 Nov 2020 11:45:00 +0400 KOTC: All company's fleet conform to latest international maritime laws Laws have moved to enforce tighter regulations on marine fuels, with limits on the amount of sulphur allowed News | Oil & Gas Sat, 21 Nov 2020 04:45:15 +0400 KSA electricity sector overhaul to reduce liquid fuel use The kingdom is aiming to reduce emissions, improve reliability, and work towards its sustainability goals News | Oil & Gas Fri, 20 Nov 2020 04:15:45 +0400 Saudi Aramco targeted by climate action investor group Climate Action 100+ has more than 500 investors and $47 trillion in assets News | Oil & Gas Thu, 19 Nov 2020 05:00:15 +0400 Aramco awards major contracts for brownfield projects as part of new strategy Eight companies have been awarded Long-Term Agreements for a six-year base period and extendable for an additional six years News | Oil & Gas Wed, 18 Nov 2020 11:15:15 +0400 KOC to sign drilling tower supply deal worth $750 million The company plans to increase crude oil production capacity to four million barrels per day in 2040 News | Oil & Gas Tue, 17 Nov 2020 11:30:45 +0400 Saudi Aramco, Stratus and AVEVA to discuss edge computing in oil and gas digital transformation Experts from the three companies will gather on 23 November to discuss the potential impact that edge computing could have on the industry's efforts to digitalise, on the backdrop of the coronavirus pandemic News | Oil & Gas Mon, 16 Nov 2020 11:45:15 +0400 GCC upstream carbon emissions could increase 30% by 2030 if steps are not taken GCC oil and gas players have started to move in the right direction towards a cleaner future and must continue their efforts to decarbonize their operations News | Oil & Gas Sun, 15 Nov 2020 04:30:00 +0400 Digital can unlock $1.6 trillion of value for oil and gas, if you know how to use it Major operators want to go digital, but current computing infrastructures are often unreliable and unable to keep up. Edge computing could be the solution. News | Oil & Gas Sun, 15 Nov 2020 09:30:00 +0400 Gas will play key role in energy's future: GECF A ministerial meeting of GECF assessed the current dynamics of the natural gas industry, as well as its future News | Oil & Gas Fri, 13 Nov 2020 04:45:15 +0400 Oil and gas industry has ‘historic opportunity’ to push for sustainable future: UK minister $15 trillion-worth of investment expected to be made in new power capacity globally by 2050 News | Oil & Gas Thu, 12 Nov 2020 10:00:15 +0400 Culture of equality adds $400 billion to KSA economic growth potential: report The findings from an Accenture and Alnahda report were revealed during a joint W20-Accenture forum News | Oil & Gas Wed, 11 Nov 2020 05:45:15 +0400 Energy partnerships have halo effect on politics and diplomacy: IEA director New energy markets a positive development that can improve geopolitical stability and promote a more prosperous world News | Oil & Gas Wed, 11 Nov 2020 11:00:30 +0400 Oil and gas opportunities to outweigh challenges post-COVID: ADNOC CEO UAE expects oil demand to exceed 105 million barrels per day by 2030, with an expected post COVID-19 upswing in oil and gas demand according to Dr. Jaber News | Oil & Gas Tue, 10 Nov 2020 10:00:30 +0400 ADNOC will consider potential of hydrogen and new fuels ADNOC CEO Dr. Sultan Al Jaber said that the company would cut its carbon intensity by a further 25%, and would look into new fuels as energy sources News | Oil & Gas Mon, 09 Nov 2020 04:45:45 +0400 Webinar: How always-on edge computing solutions are accelerating digital transformation On 23 November, experts from Stratus, AVEVA, and Saudi Aramco will discuss the potential for edge computing as the oil and gas industry continues to digitalise News | Oil & Gas Mon, 09 Nov 2020 09:15:30 +0400 Libya exceeds one million barrels per day of crude production After several shutdowns and turbulence impacting Libyan oil production, it appears to have stabilised for the moment News | Oil & Gas Sun, 08 Nov 2020 01:45:15 +0400 Kuwait to lead the Middle Eastern refinery capacity growth by 2024, says GlobalData The nation's Al Zour project is leading its growth in refinery capacity News | Oil & Gas Sat, 07 Nov 2020 02:15:45 +0400 Global emissions now down by 7%, but this is not good news: IEA The drop was not due to changing policies or long-term strategies, but because of the pandemic News | Oil & Gas Fri, 06 Nov 2020 02:15:30 +0400 OPEC, GECF hold first high-level meeting The meeting highlights increased cooperation between the two entities, which respectively represent oil producers and gas producers News | Oil & Gas Thu, 05 Nov 2020 01:45:00 +0400 Balanced, stable oil market a prerequisite for pandemic recovery: OPEC-Russia Energy Dialogue The meeting highlighted the importance of the OPEC+ alliance, and the need to balance the market News | Oil & Gas Wed, 04 Nov 2020 04:45:15 +0400 Middle East Energy Awards 2020 shortlist revealed Join us on 14 December for this year's edition of the Middle East Energy Awards News | Oil & Gas Tue, 03 Nov 2020 03:15:15 +0400 Saudi Aramco's Q3 profit falls 44.6% on low oil demand The company reported $11.79 billion in net profit for Q3 2020 News | Oil & Gas Tue, 03 Nov 2020 03:00:30 +0400 Major oil and gas EPC players are aligning strategies for energy transition GlobalData says that EPCs are looking to clean energy sectors for future growth, due to the turbulence caused by the coronavirus pandemic, and the general movement among oil and gas producers towards a cleaner energy mix News | Oil & Gas Mon, 02 Nov 2020 05:00:45 +0400 Commercial Drone Professional expands to the Middle East The ITP Media Group online publication covers unmanned aerial vehicles, a major technology in the oil and gas industry's digital transformation News | Oil & Gas Sun, 01 Nov 2020 06:00:45 +0400 COVID-19 could force constrained Eastern Mediterranean gas production until 2023, says GlobalData The report notes that production out of mega fields like Zohr are constrained due to diminished demand News | Oil & Gas Sat, 31 Oct 2020 02:45:00 +0400 OMV and Mubadala complete $4.68 billion Borealis deal OMV acquired additional 39% stake from Mubadala, increasing its shareholding in Borealis to 75% News | Oil & Gas Fri, 30 Oct 2020 02:30:00 +0400 ADNOC awards $324 million worth of contracts to optimise operations Three contracts were awarded to help optimise the company's onshore field operations News | Oil & Gas Wed, 28 Oct 2020 07:00:45 +0400 Exclusive: Interviews with ADNOC sustainability VP, Saudi Aramco head of cybersecurity Tune in to the Oil & Gas Future Forum today at 12PM GST for exclusive panel interviews with global industry experts News | Oil & Gas Tue, 27 Oct 2020 09:15:30 +0400 Dana Gas sells onshore Egypt production business worth $236 million An IPR Energy Group subsidiary will buy the producing assets News | Oil & Gas Mon, 26 Oct 2020 06:15:30 +0400 Last chance to register for the Oil & Gas Future Forum Speakers will include division heads from Saudi Aramco, ADNOC, McDermott, and a former senior advisor to the Saudi Minister of Energy, among many other industry experts News | Oil & Gas Mon, 26 Oct 2020 09:00:45 +0400 Gas to liquids process can help monetize stranded and flared gases, says GlobalData A key opportunity for the GTL market is in the landlocked countries with significant natural gas production News | Oil & Gas Sat, 24 Oct 2020 03:45:00 +0400 Saudi Aramco and local companies back COVID-19 aid programmes in Basque Country Over $350,000 have now been donated and allocated to a range of charitable initiatives covering healthcare, food supply and education News | Oil & Gas Thu, 22 Oct 2020 09:30:30 +0400 Iraq plans for 7 million bpd crude capacity by 2027 Iraq's oil minister expects an uptick in the market by Q2 2021 News | Oil & Gas Wed, 21 Oct 2020 12:00:00 +0400 AVEVA launches real-time crude tool for its Unified Supply Chain platform The tool comprises modules for planning, scheduling, assay management and supply distribution News | Oil & Gas Tue, 20 Oct 2020 05:30:30 +0400 Saudi Aramco ranked 26 on Forbes list of World's Best Employers The national oil company was the top employer in the region, and the top employer globally in the oil and gas sector News | Oil & Gas Tue, 20 Oct 2020 11:15:45 +0400 OPEC acknowledges ‘peak oil demand’ narrative in unexpected change of view: MEED OPEC estimated that global demand would continue rising until 2040 when it would peak at 109.3 million b/d in 2040 News | Oil & Gas Mon, 19 Oct 2020 04:00:45 +0400 Setting the standard: Eliminating inefficiency using standardisation Standardisation is the key to creating a globalized, interconnected, and truly international oil and gas industry. Written in partnership with SAI Global Standards News | Oil & Gas Mon, 19 Oct 2020 01:45:30 +0400 AR has potential to disrupt future oil and gas operational functions Worth nearly $4bn in 2018, the global AR market is expected to reach $76bn by 2030 News | Oil & Gas Sun, 18 Oct 2020 06:30:45 +0400 After coronavirus: What's next for oil and gas? Oil & Gas Middle East is bringing together experts from across the industry to discuss the most important issues of our time, as we plan for a recovery after the pandemic News | Oil & Gas Sun, 18 Oct 2020 11:00:15 +0400 Equinor and Microsoft collaborate on carbon capture technology The MoU will explore ways for the two companies to collaborate on carbon capture and storage, with Microsoft look to enable to transportation and storage of captured CO2 News | Oil & Gas Sat, 17 Oct 2020 09:30:15 +0400 Abu Dhabi Pension Fund and ADQ invest $2.1 billion in ADNOC Energy infrastructure deal Abu Dhabi Pension Fund and ADQ invest $2.1 billion in ADNOC Energy infrastructure deal News | Oil & Gas Fri, 16 Oct 2020 09:15:30 +0400 Dana Gas signs $90 million credit facility with Mashreq Bank The one-year facility is priced at an initial 3% per annum margin over LIBOR News | Oil & Gas Thu, 15 Oct 2020 11:15:45 +0400 OPEC records commitment to production cuts UAE production dropped 18.7% in Q3 compared to the first quarter of the year News | Oil & Gas Wed, 14 Oct 2020 06:15:00 +0400 Planned gas investments in MENA jump by 29% compared to last year : APICORP The impact of COVID-19 will accelerate the industrial share of domestic gas demand and petrochemicals demand in MENA News | Oil & Gas Wed, 14 Oct 2020 01:00:00 +0400 Ayman Asfari to step down as Petrofac group CEO at end-2020 A former Shell vice president will take on his role as of 1 January 2021 News | Oil & Gas Tue, 13 Oct 2020 01:00:00 +0400 BP starts production from Ghazeer gas field in Oman New wells tested and completed using flaring reduction techniques to drive down emissions News | Oil & Gas Mon, 12 Oct 2020 06:00:00 +0400 Revealed: The top 30 EPC contractors of 2020 A mix of regional and international contractors have made the top of the list for their work in the past year News | Oil & Gas Mon, 12 Oct 2020 09:45:00 +0400 Introducing the Oil & Gas Middle East Future Forum The Oil & Gas Middle East Forum is a one-day event which will gather experts across the industry to discuss the future of the oil and gas industry News | Oil & Gas Sun, 11 Oct 2020 02:30:00 +0400 Uptick in LNG demand this winter, but forecast dependent on several risks LNG demand is expected to grow by 4 billion cubic metres this winter, led by China News | Oil & Gas Sat, 10 Oct 2020 02:45:15 +0400 Proserv and Synaptec sign strategic alliance agreement The arrangement will lead to the roll-out of multiple technologies applicable to several energy sectors, including offshore wind and upstream oil and gas. News | Oil & Gas Thu, 08 Oct 2020 07:15:45 +0400 Caterpillar to acquire Weir Oil and Gas for $405 million This fits into Caterpillar's strategy to invest in expanded offerings News | Oil & Gas Thu, 08 Oct 2020 11:00:45 +0400 DNV GL, TCM and SINTEF join forces in major international carbon capture and storage partnership CCS is the only currently available technology to deeply decarbonize hydrocarbon use News | Oil & Gas Wed, 07 Oct 2020 06:00:30 +0400 Weatherford releases ForeSite Sense reservoir monitoring solution The technology provides instant intelligence to optimise well production News | Oil & Gas Wed, 07 Oct 2020 11:45:00 +0400 Rockwell Automation acquires cybersecurity company Rockwell acquired Oylo, a privately-held industrial cybersecurity services provider News | Oil & Gas Tue, 06 Oct 2020 04:15:15 +0400 Oil industry losing out on billions due to underutilized in-well fiber optic technology The latest whitepaper from start-up LYTT highlights the three common problems that oil and gas firms find in their wells and how powerful real-time analytics - using fiber optic cables- can solve them News | Oil & Gas Mon, 05 Oct 2020 05:00:30 +0400 New ADNOC unit starts derivatives trading This is part of the company's strategic move from being a traditional marketer of its products to a global trader News | Oil & Gas Sun, 04 Oct 2020 04:15:30 +0400 Drydocks World begins production on Lekki SPM Project Drydocks World begins production on Lekki SPM Project News | Oil & Gas Sat, 03 Oct 2020 01:15:00 +0400 Aramco delays major investment as COVID-19 has longer term impacts, says GlobalData The Marjan and Berri expansion projects have seen delays due to the pandemic News | Oil & Gas Thu, 01 Oct 2020 12:45:30 +0400 Dubai-listed Arabtec Holding to reportedly go into liquidation The company reported a net loss of $216.2m in H1 2020 News | Oil & Gas Wed, 30 Sep 2020 08:00:30 +0400 SPARK receives Silver Level LEED certification World’s first industrial city to receive green building rating News | Oil & Gas Wed, 30 Sep 2020 02:00:00 +0400 Global offshore oil and gas pipeline demand set for 26% drop in 2020, but recovery will be swift Middle Eastern projects are likely to propel demand to almost pre-Covid-19 levels already from 2022 and push it even higher from 2023 News | Oil & Gas Tue, 29 Sep 2020 03:15:15 +0400 Saudi Aramco marks world’s first blue ammonia shipment opens new route to a sustainable future 40 tons of high-grade blue ammonia already dispatched for use in zero-carbon power generation, a successful demonstration of the supply network from Saudi Arabia to Japan News | Oil & Gas Mon, 28 Sep 2020 05:30:00 +0400 Two-Thirds of process industry companies are anticipating fully autonomous operations by 2030 COVID-19 to accelerate investment in industrial autonomy News | Oil & Gas Mon, 28 Sep 2020 11:45:00 +0400 Business continuity with digital twins in self-healing supply chains On this road to recovery, it is essential that businesses continue to stay ahead of the curve, and businesses are achieving business continuity by leveraging digital twins News | Oil & Gas Sun, 27 Sep 2020 05:30:30 +0400 Saudi Arabia A-/A-2 ratings affirmed, outlook stable: S&P Low oil prices and the COVID-19 pandemic are taking a toll on Saudi Arabia's economy and budget News | Oil & Gas Sun, 27 Sep 2020 01:00:00 +0400 Industrial customers upgrade to first of its kind ABB digital gas control systems for Assam Gas Company Limited ABB’s pressure regulation skids enable precise metering and maintaining of optimal gas pressure along the complex gas pipeline network. News | Oil & Gas Sat, 26 Sep 2020 10:30:30 +0400 DC/AC inverter for the DIN rail The three devices communicate with each other in real time, thereby synchronizing the 120° phase shift. News | Oil & Gas Thu, 24 Sep 2020 07:00:00 +0400 Energy transition could push oil majors to sell or swap oil and gas assets of more than $100 billion A study by Rystad Energy looked at the Majors+ to examine the impact of the energy transition News | Oil & Gas Wed, 23 Sep 2020 01:15:00 +0400 Opec must continue working with its non-Opec allies to overcome downturn, says MEED Opec is celebrating its 60th birthday this month News | Oil & Gas Tue, 22 Sep 2020 04:45:15 +0400 Global oil & gas project sanctioning is set to recover and exceed pre-Covid-19 levels from 2022 Total committed oil and gas spending is expected to drop to $53 billion from 2019's $190 billion News | Oil & Gas Tue, 22 Sep 2020 09:45:15 +0400 ADNOC partners with Mubadala and ENEC for ICV The partnership brings together the companies to cooperate in further driving ICV for the country News | Oil & Gas Mon, 21 Sep 2020 05:00:15 +0400 Tatweer Petroleum signs joint sudy agreement for Offshore Block 2 with Eni The deal covers integrated interpretation and assessment of geological and geophysical data relevant to Offshore Block 2 News | Oil & Gas Mon, 21 Sep 2020 09:45:30 +0400 Kuwait plans to double LNG capacity by March Al-Zour LNG terminal will be the middle east's largest News | Oil & Gas Sun, 20 Sep 2020 03:30:30 +0400 Abu Dhabi buys $615 million stake in US LNG exporter The Abu Dhabi Investment Authority is the fourth-largest shareholder in Cheniere Energy News | Oil & Gas Sun, 20 Sep 2020 09:45:45 +0400 Low carbon future for offshore vessel sector The global offshore wind industry continues to balloon, adding 6.1 GW capacity in 2019 and has continued to grow through the Covid-19 pandemic News | Oil & Gas Sat, 19 Sep 2020 05:45:15 +0400 Khurais becomes second Aramco facility to join prestigious WEF Global Lighthouse Network Advanced technologies drive improvements in efficiency, safety and environmental performance News | Oil & Gas Fri, 18 Sep 2020 05:45:45 +0400 Stalled demand and lack of Covid-19 vaccine may delay oil price recovery above $50 until 2021 Impact of low oil prices over longer term coupled with drop in tourism will challenge GCC economies, says Saxo Bank News | Oil & Gas Thu, 17 Sep 2020 05:45:45 +0400