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. http://www.arabianindustry.com/oil-gas/?service=rss Fri, 24 Jan 2020 10:17:33 +0400 www.arabianindustry.com https://www.arabianindustry.com Arabian Industry - Oil & Gas http://www.arabianindustry.com/oil-gas/?service=rss 144 16 en ITP Digital Ltd. 2020 webmaster@www.arabianindustry.com (webmaster) Fri, 24 Jan 2020 10:17:33 +0400 20 Oil demand to exceed 100mbpd in 2020: OPEC http://www.arabianindustry.com//oil-gas/news/2020/jan/23/oil-demand-to-exceed-100mbpd-in-2020-opec-6310122/ OPEC projects an increase in global demand to just over 100mbpd in 2020, a 1.22mbpd increase from 2019 News | Oil & Gas Thu, 23 Jan 2020 03:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/23/oil-demand-to-exceed-100mbpd-in-2020-opec-6310122/ Wood secures two-year extension for Aramco unconventional gas contract http://www.arabianindustry.com//oil-gas/news/2020/jan/23/wood-secures-two-year-extension-for-aramco-unconventional-gas-contract-6309953/ Wood’s project execution teams will continue to work closely with Saudi Aramco to develop innovative engineering design and implementation strategies News | Oil & Gas Thu, 23 Jan 2020 03:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/23/wood-secures-two-year-extension-for-aramco-unconventional-gas-contract-6309953/ Brent will average $65 per barrel in 2020, rise expected in 2021: EIA http://www.arabianindustry.com//oil-gas/news/2020/jan/23/brent-will-average-65-per-barrel-in-2020-rise-expected-in-2021-eia-6309667/ The EIA also forecast the US as a net exporter of crude oil and petroleum products by 2020 News | Oil & Gas Thu, 23 Jan 2020 11:45:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/23/brent-will-average-65-per-barrel-in-2020-rise-expected-in-2021-eia-6309667/ Saudi Arabia leads the region in cybersecurity, says SBM CEO http://www.arabianindustry.com//oil-gas/news/2020/jan/23/saudi-arabia-leads-the-region-in-cybersecurity-says-sbm-ceo-6309680/ He also shared his thoughts on what could be done to support start-ups that want to bring local content to the market, acknowledging that they often faced major hurdles. News | Oil & Gas Thu, 23 Jan 2020 11:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/23/saudi-arabia-leads-the-region-in-cybersecurity-says-sbm-ceo-6309680/ Upwing Energy subsurface compressor increases unconventional production http://www.arabianindustry.com//oil-gas/news/2020/jan/23/upwing-energy-subsurface-compressor-increases-unconventional-production-6309693/ The first full-scale commercial field trial of the SCS resulted in a 62 percent increase in gas production and a 50 percent increase in liquid production over its steady-state performance with a rod pump prior to the SCS installation. News | Oil & Gas Thu, 23 Jan 2020 11:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/23/upwing-energy-subsurface-compressor-increases-unconventional-production-6309693/ Industry must "step up climate efforts now": IEA http://www.arabianindustry.com//oil-gas/news/2020/jan/22/industry-must-step-up-climate-efforts-now-iea-6308809/ In a report produced in cooperation with the World Economic Forum, the International Energy Agency said that the oil and gas industry must help accelerate the energy transition. News | Oil & Gas Wed, 22 Jan 2020 04:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/22/industry-must-step-up-climate-efforts-now-iea-6308809/ New regional director appointment for Sparrows in Middle East, India and Caspian http://www.arabianindustry.com//oil-gas/news/2020/jan/22/new-regional-director-appointment-for-sparrows-in-middle-east-india-and-caspian-6308822/ Sparrows’ MEIC and APAC operations had previously been managed jointly under the supervision of one single director but the recent upsurge in demand for Sparrows’ services led the company to split responsibility for the geographies News | Oil & Gas Wed, 22 Jan 2020 03:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/22/new-regional-director-appointment-for-sparrows-in-middle-east-india-and-caspian-6308822/ Mubadala Petroleum completes farmout of a 20% participating interest in Indonesia assets http://www.arabianindustry.com//oil-gas/news/2020/jan/22/mubadala-petroleum-completes-farmout-of-a-20-participating-interest-in-indonesia-assets-6308835/ With participating interests in these three adjacent blocks, Mubadala Petroleum is the largest net acreage holder in the area News | Oil & Gas Wed, 22 Jan 2020 03:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/22/mubadala-petroleum-completes-farmout-of-a-20-participating-interest-in-indonesia-assets-6308835/ Large volume of oil & gas information drives big data adoption: GlobalData http://www.arabianindustry.com//oil-gas/news/2020/jan/22/large-volume-of-oil-gas-information-drives-big-data-adoption-globaldata-6308848/ As oil and gas companies add IoT sensors to their assets, data management solutions become more important to increase visibility News | Oil & Gas Wed, 22 Jan 2020 03:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/22/large-volume-of-oil-gas-information-drives-big-data-adoption-globaldata-6308848/ BP CFO to retire, to be succeeded by Murray Auchincloss http://www.arabianindustry.com//oil-gas/news/2020/jan/21/bp-cfo-to-retire-to-be-succeeded-by-murray-auchincloss-6308289/ Murray Auchincloss, currently CFO of BP’s upstream segment, will take up the role of BP CFO and join the board on 1 July 2020 News | Oil & Gas Tue, 21 Jan 2020 05:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/21/bp-cfo-to-retire-to-be-succeeded-by-murray-auchincloss-6308289/ SNC-Lavalin wins engineering contract from Al Dhafra Petroleum http://www.arabianindustry.com//oil-gas/news/2020/jan/21/snc-lavalin-wins-engineering-contract-from-al-dhafra-petroleum-6308302/ SNC-Lavalin will provide front-end engineering and design services for the second phase of the Haliba field News | Oil & Gas Tue, 21 Jan 2020 04:30:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/21/snc-lavalin-wins-engineering-contract-from-al-dhafra-petroleum-6308302/ Saudi International Maritime Industries signs rig deals with Lamprell and ARO Drilling http://www.arabianindustry.com//oil-gas/news/2020/jan/21/saudi-international-maritime-industries-signs-rig-deals-with-lamprell-and-aro-drilling-6307431/ IMI will builds its first two new build jack-up drilling rigs for ARO Drilling in the UAE News | Oil & Gas Tue, 21 Jan 2020 10:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/21/saudi-international-maritime-industries-signs-rig-deals-with-lamprell-and-aro-drilling-6307431/ Oil and gas sector to boost investment in the energy transition: DNV GL http://www.arabianindustry.com//oil-gas/news/2020/jan/21/oil-and-gas-sector-to-boost-investment-in-the-energy-transition-dnv-gl-6307444/ 71% of senior oil and gas professionals expect to increase or maintain investment in decarbonization, rising sharply from 54% in 2019, despite volatile market conditions News | Oil & Gas Tue, 21 Jan 2020 10:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/21/oil-and-gas-sector-to-boost-investment-in-the-energy-transition-dnv-gl-6307444/ Seeq Corporation raises $24mn funding in Series B round led by Saudi Aramco Energy Ventures http://www.arabianindustry.com//oil-gas/news/2020/jan/20/seeq-corporation-raises-24mn-funding-in-series-b-round-led-by-saudi-aramco-energy-ventures-6307197/ Saudi Aramco Energy Ventures joins Altira Group, Chevron Technology Ventures, and existing investors to expand Seeq’s international and cloud-based businesse News | Oil & Gas Mon, 20 Jan 2020 04:45:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/20/seeq-corporation-raises-24mn-funding-in-series-b-round-led-by-saudi-aramco-energy-ventures-6307197/ Increase in production of unconventional resources to drive artificial lift systems market: TMR study http://www.arabianindustry.com//oil-gas/news/2020/jan/20/increase-in-production-of-unconventional-resources-to-drive-artificial-lift-systems-market-tmr-study-6307210/ The rise in number of mature fields and aging oil & gas wells is estimated to boost the demand for artificial lift systems News | Oil & Gas Mon, 20 Jan 2020 04:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/20/increase-in-production-of-unconventional-resources-to-drive-artificial-lift-systems-market-tmr-study-6307210/ Eni and ADNOC sign a MoU on joint research activities on carbon capture technology http://www.arabianindustry.com//oil-gas/news/2020/jan/20/eni-and-adnoc-sign-a-mou-on-joint-research-activities-on-carbon-capture-technology-6307041/ The companies will develop R&D projects focusing on CO2 emissions reduction and the circular economy News | Oil & Gas Mon, 20 Jan 2020 04:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/20/eni-and-adnoc-sign-a-mou-on-joint-research-activities-on-carbon-capture-technology-6307041/ APICORP signs deal with Yellow Door Energy for rooftop solar panels at headquarters http://www.arabianindustry.com//oil-gas/news/2020/jan/20/apicorp-signs-deal-with-yellow-door-energy-for-rooftop-solar-panels-at-headquarters-6306495/ New fittings expected to generate 718 MWh of clean energy and cut carbon emissions by 2,000 tonnes in the first year News | Oil & Gas Mon, 20 Jan 2020 09:30:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/20/apicorp-signs-deal-with-yellow-door-energy-for-rooftop-solar-panels-at-headquarters-6306495/ DNV GL launches standard for design, construction and installation of pipelines using horizontal directional drilling http://www.arabianindustry.com//oil-gas/news/2020/jan/20/dnv-gl-launches-standard-for-design-construction-and-installation-of-pipelines-using-horizontal-directional-drilling-6306417/ The new standard provides a series of minimum requirements and best practice for all phases, from site investigation, engineering and planning to execution of pipeline installation to reduce the risk associated to HDD crossings News | Oil & Gas Mon, 20 Jan 2020 09:15:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/20/dnv-gl-launches-standard-for-design-construction-and-installation-of-pipelines-using-horizontal-directional-drilling-6306417/ Middle East set to contribute 17% of global new-build trunk petroleum products pipeline length additions by 2023, says GlobalData http://www.arabianindustry.com//oil-gas/news/2020/jan/19/middle-east-set-to-contribute-17-of-global-new-build-trunk-petroleum-products-pipeline-length-additions-by-2023-says-globaldata-6305702/ The Middle East is likely to have new-build petroleum products pipeline length of 3,483km by 2023 News | Oil & Gas Sun, 19 Jan 2020 12:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/19/middle-east-set-to-contribute-17-of-global-new-build-trunk-petroleum-products-pipeline-length-additions-by-2023-says-globaldata-6305702/ Sound Energy receives approval for Morocco’s Tendrara gas pipeline http://www.arabianindustry.com//oil-gas/news/2020/jan/19/sound-energy-receives-approval-for-moroccos-tendrara-gas-pipeline-6305715/ The Tendrara Gas Export Pipeline will connect the proposed gas treatment plant and compression station to Gazoduc Maghreb Europe pipeline News | Oil & Gas Sun, 19 Jan 2020 12:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/19/sound-energy-receives-approval-for-moroccos-tendrara-gas-pipeline-6305715/ Italian appeals court acquits Saipem, Eni in Algerian bribery case http://www.arabianindustry.com//oil-gas/news/2020/jan/19/italian-appeals-court-acquits-saipem-eni-in-algerian-bribery-case-6305728/ An Italian appeals court has acquitted oil services group Saipem and oil firm Eni of corruption in a trial over bribery allegations in Algeria News | Oil & Gas Sun, 19 Jan 2020 12:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/19/italian-appeals-court-acquits-saipem-eni-in-algerian-bribery-case-6305728/ Key questions facing oil and gas companies operating in Iraq http://www.arabianindustry.com//oil-gas/news/2020/jan/19/key-questions-facing-oil-and-gas-companies-operating-in-iraq-6305741/ Iraqi oil production averaged more than 4.8 million barrels per day (bpd) in 2019, of which about 1.8 million bpd stemmed from the country’s domestic and state-owned players News | Oil & Gas Sun, 19 Jan 2020 12:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/19/key-questions-facing-oil-and-gas-companies-operating-in-iraq-6305741/ Telford Offshore restructures balance sheet and boosts order book http://www.arabianindustry.com//oil-gas/news/2020/jan/17/telford-offshore-restructures-balance-sheet-and-boosts-order-book-6304909/ $77 million paid back on schedule, new senior note issued, and order book expands by $15 million as fleet utilisation rate increases News | Oil & Gas Fri, 17 Jan 2020 11:30:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/17/telford-offshore-restructures-balance-sheet-and-boosts-order-book-6304909/ Saudi Aramco still betting on oil expansions, says GlobalData http://www.arabianindustry.com//oil-gas/news/2020/jan/16/saudi-aramco-still-betting-on-oil-expansions-says-globaldata-6304077/ The company is planning five major expansion projects, four for crude and one for natural gas, to boost output News | Oil & Gas Thu, 16 Jan 2020 11:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/16/saudi-aramco-still-betting-on-oil-expansions-says-globaldata-6304077/ James Fisher Offshore mergers with sister company http://www.arabianindustry.com//oil-gas/news/2020/jan/15/james-fisher-offshore-mergers-with-sister-company-6303648/ James Fisher Subsea Excavation, with a range of inhouse excavation equipment and experience, will be moved under the umbrella of James Fisher Offshore News | Oil & Gas Wed, 15 Jan 2020 04:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/15/james-fisher-offshore-mergers-with-sister-company-6303648/ Crosby Group acquires offshore mooring company Feubo http://www.arabianindustry.com//oil-gas/news/2020/jan/15/crosby-group-acquires-offshore-mooring-company-feubo-6303544/ The acquisition, effective January 14, 2020, includes the Feubo facility located in Hattingen, Germany News | Oil & Gas Wed, 15 Jan 2020 03:45:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/15/crosby-group-acquires-offshore-mooring-company-feubo-6303544/ Gazprom Neft and ICS Holding establish joint digital development venture http://www.arabianindustry.com//oil-gas/news/2020/jan/15/gazprom-neft-and-ics-holding-establish-joint-digital-development-venture-6303557/ The development strategy for the new joint venture is aimed at addressing the challenge of digitally transforming the oil and gas sector through the application of Industry 4.0 technologies News | Oil & Gas Wed, 15 Jan 2020 03:45:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/15/gazprom-neft-and-ics-holding-establish-joint-digital-development-venture-6303557/ Oil & gas industry "sits at an inflection point": Baker Hughes CEO http://www.arabianindustry.com//oil-gas/news/2020/jan/15/oil-gas-industry-sits-at-an-inflection-point-baker-hughes-ceo-6302933/ He noted Baker Hughes' decision to reduce its carbon footprint by 50% by 2030, with the goal of being net zero by 2050, and urged others to take on their carbon footprints News | Oil & Gas Wed, 15 Jan 2020 10:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/15/oil-gas-industry-sits-at-an-inflection-point-baker-hughes-ceo-6302933/ Nigera fully complied with OPEC cuts in December, says NOC head http://www.arabianindustry.com//oil-gas/news/2020/jan/15/nigera-fully-complied-with-opec-cuts-in-december-says-noc-head-6302946/ However, S&P Global Platts' latest survey of OPEC production estimated Nigeria's December crude production at 1.84 million bpd News | Oil & Gas Wed, 15 Jan 2020 10:30:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/15/nigera-fully-complied-with-opec-cuts-in-december-says-noc-head-6302946/ Oil & gas industry far from carbon footprint reduction goals: Aramco CEO http://www.arabianindustry.com//oil-gas/news/2020/jan/14/oil-gas-industry-far-from-carbon-footprint-reduction-goals-aramco-ceo-6302686/ Amin Nasser noted that while climate change concerns increase the complexity of business for Aramco, the company s taking a "pragmatic" approach to the energy transition News | Oil & Gas Tue, 14 Jan 2020 04:00:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/14/oil-gas-industry-far-from-carbon-footprint-reduction-goals-aramco-ceo-6302686/ Data "free-for-all" after talks with shale producers: OPEC http://www.arabianindustry.com//oil-gas/news/2020/jan/14/data-free-for-all-after-talks-with-shale-producers-opec-6302153/ OPEC Secretary General Mohammed Barkindo was also optimisic about maintaining balance in the market throughout the year. News | Oil & Gas Tue, 14 Jan 2020 08:30:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/14/data-free-for-all-after-talks-with-shale-producers-opec-6302153/ OPEC secretary general calls for "dispassionate review" of energy transition http://www.arabianindustry.com//oil-gas/news/2020/jan/14/opec-secretary-general-calls-for-dispassionate-review-of-energy-transition-6301659/ In a talk at IPTC in Dhahran, Mohammed Barkindo said that the energy transition is not from "point A to point B" News | Oil & Gas Tue, 14 Jan 2020 07:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/14/opec-secretary-general-calls-for-dispassionate-review-of-energy-transition-6301659/ Shell announces partnership with the Netherlands for Expo 2020 Dubai http://www.arabianindustry.com//oil-gas/news/2020/jan/13/shell-announces-partnership-with-the-netherlands-for-expo-2020-dubai-6301581/ During the event, Shell will host discussions and events with company leaders and experts to engage and inspire visitors around the changing global energy system and energy innovations News | Oil & Gas Mon, 13 Jan 2020 09:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/13/shell-announces-partnership-with-the-netherlands-for-expo-2020-dubai-6301581/ Parker to conduct new filter membrane application R&D http://www.arabianindustry.com//oil-gas/news/2020/jan/13/parker-to-conduct-new-filter-membrane-application-rd-6301594/ The company’s pilot line to be developed at the Parker Filtration Innovation Center News | Oil & Gas Mon, 13 Jan 2020 09:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/13/parker-to-conduct-new-filter-membrane-application-rd-6301594/ Saudi Arabia on course to build “sustainable renewable energy sector”: KA-CARE president http://www.arabianindustry.com//oil-gas/news/2020/jan/13/saudi-arabia-on-course-to-build-sustainable-renewable-energy-sector-ka-care-president-6301542/ Dr. Al-Sultan said that the kingdom is working to build a renewable energy sector that includes industries, services, localisation of technology and qualification of human cadres. News | Oil & Gas Mon, 13 Jan 2020 09:00:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/13/saudi-arabia-on-course-to-build-sustainable-renewable-energy-sector-ka-care-president-6301542/ ADNOC to slash greenhouse gas emissions intensity by 25% by 2030 http://www.arabianindustry.com//oil-gas/news/2020/jan/13/adnoc-to-slash-greenhouse-gas-emissions-intensity-by-25-by-2030-6301568/ Dr. Sultan Al Jaber said that the company was taking a "comprehensive and holistic approach" to sustainability. News | Oil & Gas Mon, 13 Jan 2020 08:45:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/13/adnoc-to-slash-greenhouse-gas-emissions-intensity-by-25-by-2030-6301568/ Azelio signs MoU for energy storage project in Jordan http://www.arabianindustry.com//oil-gas/news/2020/jan/12/azelio-signs-mou-for-energy-storage-project-in-jordan-6301555/ Azelio signs MoU for energy storage project in Jordan News | Oil & Gas Sun, 12 Jan 2020 09:00:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/12/azelio-signs-mou-for-energy-storage-project-in-jordan-6301555/ Shell UAE to offset CO2 emissions from World Future Energy Summit 2020 http://www.arabianindustry.com//oil-gas/news/2020/jan/12/shell-uae-to-offset-co2-emissions-from-world-future-energy-summit-2020-6300385/ The company will use data provided by the conference organiser to calculate CO2 emissions, and will compensate for them using its nature-based carbon credits News | Oil & Gas Sun, 12 Jan 2020 03:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/12/shell-uae-to-offset-co2-emissions-from-world-future-energy-summit-2020-6300385/ ADNOC on track to reach 4mn bpd production capacity in 2020 http://www.arabianindustry.com//oil-gas/news/2020/jan/12/adnoc-on-track-to-reach-4mn-bpd-production-capacity-in-2020-6299904/ Dr. Sultan Al Jaber, CEO of ADNOC Group, said that the company should reach its target for 2020, and is working to achieve gas self-sufficiency News | Oil & Gas Sun, 12 Jan 2020 10:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/12/adnoc-on-track-to-reach-4mn-bpd-production-capacity-in-2020-6299904/ Crescent Petroleum implements sustainability initiatives http://www.arabianindustry.com//oil-gas/news/2020/jan/11/crescent-petroleum-implements-sustainability-initiatives-6299592/ Natural gas is now 85% of Crescent Petroleum’s production, which has helped avoid 33 million tonnes of CO2 emissions by replacing diesel with gas to generate electricity News | Oil & Gas Sat, 11 Jan 2020 09:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/11/crescent-petroleum-implements-sustainability-initiatives-6299592/ Global oil and gas discoveries reach four-year high in 2019 http://www.arabianindustry.com//oil-gas/news/2020/jan/9/global-oil-and-gas-discoveries-reach-four-year-high-in-2019-6299241/ Oil and gas companies discovered 12.2bn barrels of oil equivalent in 2019 News | Oil & Gas Thu, 09 Jan 2020 05:30:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/9/global-oil-and-gas-discoveries-reach-four-year-high-in-2019-6299241/ OPEC secretary-general says Iraq oil production unaffected by regional instability http://www.arabianindustry.com//oil-gas/news/2020/jan/9/opec-secretary-general-says-iraq-oil-production-unaffected-by-regional-instability-6298565/ He noted that he was optimistic that Iraq, which has lagged on its OPEC productions cuts, would reach full compliance in time News | Oil & Gas Thu, 09 Jan 2020 10:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/9/opec-secretary-general-says-iraq-oil-production-unaffected-by-regional-instability-6298565/ Operational production costs have fallen globally: Rystad Energy http://www.arabianindustry.com//oil-gas/news/2020/jan/8/operational-production-costs-have-fallen-globally-rystad-energy-6298578/ The United Kingdom leads with a 31% drop in operational production costs News | Oil & Gas Wed, 08 Jan 2020 10:15:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/8/operational-production-costs-have-fallen-globally-rystad-energy-6298578/ Tristar Group acquires logistics land in Oman's Port of Duqm http://www.arabianindustry.com//oil-gas/news/2020/jan/8/tristar-group-acquires-logistics-land-in-omans-port-of-duqm-6298474/ Tristar also has a new 15,000 sqm facility located in the Rusayl Industrial Estate Phase 2 News | Oil & Gas Wed, 08 Jan 2020 09:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/8/tristar-group-acquires-logistics-land-in-omans-port-of-duqm-6298474/ Egypt awards Red Sea exploration concessions to Shell, Chevron, and Mubadala http://www.arabianindustry.com//oil-gas/news/2020/jan/7/egypt-awards-red-sea-exploration-concessions-to-shell-chevron-and-mubadala-6297304/ This is Egypt's first licensing round for the Red Sea, following successful bidding rounds across multiple regions News | Oil & Gas Tue, 07 Jan 2020 04:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/7/egypt-awards-red-sea-exploration-concessions-to-shell-chevron-and-mubadala-6297304/ BP plans to create five $1bn businesses by 2025 http://www.arabianindustry.com//oil-gas/news/2020/jan/7/bp-plans-to-create-five-1bn-businesses-by-2025-6297317/ The British oil major has spent the past year creating a subsidiary to build businesses focused on digital, low-carbon technology News | Oil & Gas Tue, 07 Jan 2020 04:30:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/7/bp-plans-to-create-five-1bn-businesses-by-2025-6297317/ Emerson introduces ISO/IEC accreditation to psychrometric lab in Dubai http://www.arabianindustry.com//oil-gas/news/2020/jan/7/emerson-introduces-isoiec-accreditation-to-psychrometric-lab-in-dubai-6296849/ The accreditation will provide customers a platform to test performance of their air conditioners and heat pumps News | Oil & Gas Tue, 07 Jan 2020 10:15:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/7/emerson-introduces-isoiec-accreditation-to-psychrometric-lab-in-dubai-6296849/ ExxonMobil secures exploration acreage offshore Egypt http://www.arabianindustry.com//oil-gas/news/2020/jan/7/exxonmobil-secures-exploration-acreage-offshore-egypt-6296862/ The oil major, which primarily operates in the downstream sector in Egypt, secured more than 1.7mn acres offshore Egypt for exploration activities News | Oil & Gas Tue, 07 Jan 2020 10:00:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/7/exxonmobil-secures-exploration-acreage-offshore-egypt-6296862/ OPEC oil production drops in December as compliance grows: Reuters survey http://www.arabianindustry.com//oil-gas/news/2020/jan/7/opec-oil-production-drops-in-december-as-compliance-grows-reuters-survey-6296797/ Iraq and Nigeria notably cut their production in December, edging closer to compliance with the OPEC+ agreement to curb output News | Oil & Gas Tue, 07 Jan 2020 09:00:45 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/7/opec-oil-production-drops-in-december-as-compliance-grows-reuters-survey-6296797/ Tenable appoints new vice president of operational technology security http://www.arabianindustry.com//oil-gas/news/2020/jan/6/tenable-appoints-new-vice-president-of-operational-technology-security-6296589/ Longest-serving Director of ICS-CERT joins Tenable following its acquisition of industrial security leader Indegy News | Oil & Gas Mon, 06 Jan 2020 04:00:00 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/6/tenable-appoints-new-vice-president-of-operational-technology-security-6296589/ Oil spikes to $70 per barrel on large US crude inventory draw http://www.arabianindustry.com//oil-gas/news/2020/jan/6/oil-spikes-to-70-per-barrel-on-large-us-crude-inventory-draw-6296160/ In the last week of 2019, US commercial crude inventories dropped almost four times more than expected News | Oil & Gas Mon, 06 Jan 2020 11:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/6/oil-spikes-to-70-per-barrel-on-large-us-crude-inventory-draw-6296160/ Dana Gas receives $42mn dividend from Pearl Petroleum http://www.arabianindustry.com//oil-gas/news/2020/jan/5/dana-gas-receives-42mn-dividend-from-pearl-petroleum-6295562/ The payment brings total 2019 dividends from KRI to $121mn News | Oil & Gas Sun, 05 Jan 2020 03:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/5/dana-gas-receives-42mn-dividend-from-pearl-petroleum-6295562/ Halliburton presents multimillion dollar software grant to King Abdulaziz University http://www.arabianindustry.com//oil-gas/news/2020/jan/5/halliburton-presents-multimillion-dollar-software-grant-to-king-abdulaziz-university-6295549/ The education software grant aims to train the next generation of Saudi oil and gas engineers and geoscientists News | Oil & Gas Sun, 05 Jan 2020 03:15:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/5/halliburton-presents-multimillion-dollar-software-grant-to-king-abdulaziz-university-6295549/ APICORP agrees to $250mn loan facilities with Sonatrach's investment arm http://www.arabianindustry.com//oil-gas/news/2020/jan/5/apicorp-agrees-to-250mn-loan-facilities-with-sonatrachs-investment-arm-6295432/ Loans to support Sonatrach’s efforts to diversify energy assets, ensure steady crude oil supplies and increase geographic footprint News | Oil & Gas Sun, 05 Jan 2020 03:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/5/apicorp-agrees-to-250mn-loan-facilities-with-sonatrachs-investment-arm-6295432/ PDO awards contracts worth $130mn to Petrofac http://www.arabianindustry.com//oil-gas/news/2020/jan/5/pdo-awards-contracts-worth-130mn-to-petrofac-6295289/ Engineering firm Petrofac won a contract and an additional scope of work in Oman as part of its 10-year framework agreement with PDO News | Oil & Gas Sun, 05 Jan 2020 12:00:15 +0400 http://www.arabianindustry.com//oil-gas/news/2020/jan/5/pdo-awards-contracts-worth-130mn-to-petrofac-6295289/ Oman crude oil averaged $63.96 in 2019, with decade average at $77.70 http://www.arabianindustry.com//oil-gas/news/2019/dec/31/oman-crude-oil-averaged-6396-in-2019-with-decade-average-at-7770-6295497/ The DME Oman futures contract was launched in June 2007. Since inception the highest settlement price of $141.27/b was recorded July 4, 2008, preceding the global financial crisis that wiped more than $100/b from oil prices by year end News | Oil & Gas Tue, 31 Dec 2019 03:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/31/oman-crude-oil-averaged-6396-in-2019-with-decade-average-at-7770-6295497/ DME Oman to price Kuwaiti crude oil from February 2020 http://www.arabianindustry.com//oil-gas/news/2019/dec/29/dme-oman-to-price-kuwaiti-crude-oil-from-february-2020-6295523/ DME Oman crude oil futures contract is an official benchmark for Oman, Dubai, Saudi Arabia, Bahrain and now Kuwait News | Oil & Gas Sun, 29 Dec 2019 03:30:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/29/dme-oman-to-price-kuwaiti-crude-oil-from-february-2020-6295523/ Asia-Pacific T&D equipment tenders activity declines 16% in Q3 2019 http://www.arabianindustry.com//oil-gas/news/2019/dec/20/asia-pacific-td-equipment-tenders-activity-declines-16-in-q3-2019-6295536/ Asia-Pacific T&D equipment tenders activity declines 16% in Q3 2019 News | Oil & Gas Fri, 20 Dec 2019 03:30:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/20/asia-pacific-td-equipment-tenders-activity-declines-16-in-q3-2019-6295536/ Petrochemical Update to feature ExxonMobil, Shell, BASF and Dow http://www.arabianindustry.com//oil-gas/news/2019/dec/19/petrochemical-update-to-feature-exxonmobil-shell-basf-and-dow-6290089/ The Houston event will see 10,000 attendees gather to do business and share knowledge News | Oil & Gas Thu, 19 Dec 2019 01:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/19/petrochemical-update-to-feature-exxonmobil-shell-basf-and-dow-6290089/ N-Sea won $200mn worth of Middle East contracts in 2019 http://www.arabianindustry.com//oil-gas/news/2019/dec/17/n-sea-won-200mn-worth-of-middle-east-contracts-in-2019-6288295/ Throughout 2019, the Middle East base has achieved a 500% growth News | Oil & Gas Tue, 17 Dec 2019 03:45:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/17/n-sea-won-200mn-worth-of-middle-east-contracts-in-2019-6288295/ Reliance and BP move forward with Indian fuels joint venture http://www.arabianindustry.com//oil-gas/news/2019/dec/17/reliance-and-bp-move-forward-with-indian-fuels-joint-venture-6288282/ The new venture, a further development of RIL and BP's longstanding partnership, will include an India-wide fuels retail service station network and aviation fuel marketing business. News | Oil & Gas Tue, 17 Dec 2019 03:45:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/17/reliance-and-bp-move-forward-with-indian-fuels-joint-venture-6288282/ NETZSCH and Oil Dynamics create joint product to prevent blowouts and environmental impact http://www.arabianindustry.com//oil-gas/news/2019/dec/17/netzsch-and-oil-dynamics-create-joint-product-to-prevent-blowouts-and-environmental-impact-6288308/ All critical components of the pumping solution have been moved below the surface, hindering leaks above ground News | Oil & Gas Tue, 17 Dec 2019 03:30:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/17/netzsch-and-oil-dynamics-create-joint-product-to-prevent-blowouts-and-environmental-impact-6288308/ DNV GL wins framework agreement with DNO for Norwegian Continental Shelf operations http://www.arabianindustry.com//oil-gas/news/2019/dec/17/dnv-gl-wins-framework-agreement-with-dno-for-norwegian-continental-shelf-operations-6288321/ Several projects are already underway, including environmental work, a materials study and Hydrogen induced stress cracking (HISC) assessments News | Oil & Gas Tue, 17 Dec 2019 01:30:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/17/dnv-gl-wins-framework-agreement-with-dno-for-norwegian-continental-shelf-operations-6288321/ Oil & gas drives Oman's FDI to $30.26bn in Q2 2019 http://www.arabianindustry.com//oil-gas/news/2019/dec/16/oil-gas-drives-omans-fdi-to-3026bn-in-q2-2019-6287593/ The upstream sector brought in more than half of the total FDI into the Sultanate of Oman News | Oil & Gas Mon, 16 Dec 2019 04:00:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/16/oil-gas-drives-omans-fdi-to-3026bn-in-q2-2019-6287593/ Total to drill first exploratory well offshore Lebanon next month http://www.arabianindustry.com//oil-gas/news/2019/dec/16/total-to-drill-first-exploratory-well-offshore-lebanon-next-month-6287216/ Caretaker Energy Minister Nada Boustani handed over the permit to Total to drill the first well News | Oil & Gas Mon, 16 Dec 2019 10:45:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/16/total-to-drill-first-exploratory-well-offshore-lebanon-next-month-6287216/ Libya NOC and Wintershall to establish joint operating company for Sirte Basin concessions http://www.arabianindustry.com//oil-gas/news/2019/dec/15/libya-noc-and-wintershall-to-establish-joint-operating-company-for-sirte-basin-concessions-6286826/ Wintershall Aktiengesellschaft will also contribute $150mn towards corporate social responsibility and sustainable development programmes and projects News | Oil & Gas Sun, 15 Dec 2019 05:15:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/15/libya-noc-and-wintershall-to-establish-joint-operating-company-for-sirte-basin-concessions-6286826/ China heralds major energy reform with new national pipeline company, says GlobalData http://www.arabianindustry.com//oil-gas/news/2019/dec/14/china-heralds-major-energy-reform-with-new-national-pipeline-company-says-globaldata-6285747/ China has launched a state-owned pipeline company to bolster its oil and gas pipeline sector News | Oil & Gas Sat, 14 Dec 2019 02:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/14/china-heralds-major-energy-reform-with-new-national-pipeline-company-says-globaldata-6285747/ Schlumberger and Dataiku ink technology partnership for enterprise-scale AI http://www.arabianindustry.com//oil-gas/news/2019/dec/12/schlumberger-and-dataiku-ink-technology-partnership-for-enterprise-scale-ai-6285136/ The partnership will enable the exploration and production segments to build and deploy their own artificial intelligence solutions across their workflows News | Oil & Gas Thu, 12 Dec 2019 03:15:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/12/schlumberger-and-dataiku-ink-technology-partnership-for-enterprise-scale-ai-6285136/ Saudi Aramco opens second day of trading with valuation over $2trn http://www.arabianindustry.com//oil-gas/news/2019/dec/12/saudi-aramco-opens-second-day-of-trading-with-valuation-over-2trn-6284772/ Saudi Aramco's shares were valued at $10.32 (SAR 38.7) per share when the market opened News | Oil & Gas Thu, 12 Dec 2019 11:45:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/12/saudi-aramco-opens-second-day-of-trading-with-valuation-over-2trn-6284772/ Saudi Aramco valued at $1.88trn after market debut http://www.arabianindustry.com//oil-gas/news/2019/dec/11/saudi-aramco-valued-at-188trn-after-market-debut-6284096/ The company's shares hit the daily 10% limit of $9.39 (35.20 Saudi riyals) as trading began today News | Oil & Gas Wed, 11 Dec 2019 01:15:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/11/saudi-aramco-valued-at-188trn-after-market-debut-6284096/ Saudi Arabia's 2020 budget projects $49.87bn deficit http://www.arabianindustry.com//oil-gas/news/2019/dec/11/saudi-arabias-2020-budget-projects-4987bn-deficit-6284343/ Crown Prince Mohammed bin Salman said that economic reform programmes have started to yield results, and emphasised the importance of the private sector in developing the kingdom's economy News | Oil & Gas Wed, 11 Dec 2019 11:00:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/11/saudi-arabias-2020-budget-projects-4987bn-deficit-6284343/ Libya NOC approves Total's acquisition of Waha concession stake http://www.arabianindustry.com//oil-gas/news/2019/dec/11/libya-noc-approves-totals-acquisition-of-waha-concession-stake-6283953/ Total will invest $650mn to develop the Waha concessions, in which it acquired a 16.33% stake through its acquisition of Marathon Oil Libya Limited News | Oil & Gas Wed, 11 Dec 2019 10:30:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/11/libya-noc-approves-totals-acquisition-of-waha-concession-stake-6283953/ Saudi Aramco's $25.6bn IPO will be the world's largest http://www.arabianindustry.com//oil-gas/news/2019/dec/8/saudi-aramcos-256bn-ipo-will-be-the-worlds-largest-6281782/ Saudi Aramco has decided on a valuation of $8.53 per share, allowing it to unseat Alibaba's $25bn as the world's largest IPO News | Oil & Gas Sun, 08 Dec 2019 03:45:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/8/saudi-aramcos-256bn-ipo-will-be-the-worlds-largest-6281782/ Valve closure interrupts production at key Libya oil field http://www.arabianindustry.com//oil-gas/news/2019/dec/8/valve-closure-interrupts-production-at-key-libya-oil-field-6281795/ Production at the El Feel oil field was once again interrupted, and Libya NOC Chairman Mustafa Sanalla called for those responsible to be held accountable. News | Oil & Gas Sun, 08 Dec 2019 03:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/8/valve-closure-interrupts-production-at-key-libya-oil-field-6281795/ Oman Oil Co plans IPO for up to 25% shares in 2020 http://www.arabianindustry.com//oil-gas/news/2019/dec/8/oman-oil-co-plans-ipo-for-up-to-25-shares-in-2020-6281808/ The potential IPO could raise funds to address the nation's debt, with $4bn budget deficit between January and September 2019 News | Oil & Gas Sun, 08 Dec 2019 01:30:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/8/oman-oil-co-plans-ipo-for-up-to-25-shares-in-2020-6281808/ OPEC+ production cuts deepen to 2.1mn barrels per day http://www.arabianindustry.com//oil-gas/news/2019/dec/8/opec-production-cuts-deepen-to-21mn-barrels-per-day-6281626/ Saudi Arabia will shoulder additional cuts, while complianc among OPEC+ remains a key issue News | Oil & Gas Sun, 08 Dec 2019 09:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/8/opec-production-cuts-deepen-to-21mn-barrels-per-day-6281626/ Open for business: How the Middle East's new approach to partnership could transform the oil and gas sector http://www.arabianindustry.com//oil-gas/news/2019/dec/5/open-for-business-how-the-middle-easts-new-approach-to-partnership-could-transform-the-oil-and-gas-sector-6280378/ The Middle East’s changing approach to foreign partnerships, with an eye on diversification and transformation, is set to reshape the regional oil & gas sector and the IOCs that enter it News | Oil & Gas Thu, 05 Dec 2019 04:00:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/5/open-for-business-how-the-middle-easts-new-approach-to-partnership-could-transform-the-oil-and-gas-sector-6280378/ IPTC 2020 Saudi Arabia to draw top oil and gas experts http://www.arabianindustry.com//oil-gas/news/2019/dec/5/iptc-2020-saudi-arabia-to-draw-top-oil-and-gas-experts-6280222/ The Society of Petroleum Engineers tells us about the upcoming International Petroleum Technology Conference in Saudi Arabia, which will be held between 13-15 January, 2020 at Dhahran EXPO News | Oil & Gas Thu, 05 Dec 2019 03:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/5/iptc-2020-saudi-arabia-to-draw-top-oil-and-gas-experts-6280222/ Repsol targets net zero emissions by 2050 http://www.arabianindustry.com//oil-gas/news/2019/dec/4/repsol-targets-net-zero-emissions-by-2050-6279247/ The company is setting a decarbonisation path with intermediate targets for 2020 to 2040 News | Oil & Gas Wed, 04 Dec 2019 02:45:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/4/repsol-targets-net-zero-emissions-by-2050-6279247/ GCC chemical industry reached revenue of $84.1bn in 2018 http://www.arabianindustry.com//oil-gas/news/2019/dec/4/gcc-chemical-industry-reached-revenue-of-841bn-in-2018-6278922/ Oman’s chemical sector has the highest contribution to GDP among the GCC countries, with 5.1% in 2018, which is double that of the region News | Oil & Gas Wed, 04 Dec 2019 09:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/4/gcc-chemical-industry-reached-revenue-of-841bn-in-2018-6278922/ EnerMech appoints Chris Brown as CEO http://www.arabianindustry.com//oil-gas/news/2019/dec/2/enermech-appoints-chris-brown-as-ceo-6279013/ Chris was previously CEO of global engineering and construction company, Kentz, where he successfully led the growth from a small AIM listed business to a $2.5bn revenue FTSE 250 company before its sale and integration into SNC Lavalin in 2014 News | Oil & Gas Mon, 02 Dec 2019 12:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/2/enermech-appoints-chris-brown-as-ceo-6279013/ US set to be energy independent: Rystad Energy http://www.arabianindustry.com//oil-gas/news/2019/dec/1/us-set-to-be-energy-independent-rystad-energy-6278870/ By 2030, total US primary energy production will outpace primary energy demand by about 30%, according to Rystad Energy’s latest forecast News | Oil & Gas Sun, 01 Dec 2019 12:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/dec/1/us-set-to-be-energy-independent-rystad-energy-6278870/ Schneider Electric launches UAE smart distribution facility http://www.arabianindustry.com//oil-gas/news/2019/nov/30/schneider-electric-launches-uae-smart-distribution-facility-6278883/ It is the first Smart Distribution Center in the region and becomes the latest addition to the company’s growing worldwide network of smart operations facilities News | Oil & Gas Sat, 30 Nov 2019 12:00:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/30/schneider-electric-launches-uae-smart-distribution-facility-6278883/ Coretrax acquires Churchill Drilling Tools with plans to expand in 2020 http://www.arabianindustry.com//oil-gas/news/2019/nov/26/coretrax-acquires-churchill-drilling-tools-with-plans-to-expand-in-2020-6275243/ Coretrax will establish a new group for downhole products, which will accommodate Churchill's employees News | Oil & Gas Tue, 26 Nov 2019 12:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/26/coretrax-acquires-churchill-drilling-tools-with-plans-to-expand-in-2020-6275243/ Global M&A and raising activity in the upstream sector totaled $63.4bn in Q3 2019: GlobalData http://www.arabianindustry.com//oil-gas/news/2019/nov/24/global-ma-and-raising-activity-in-the-upstream-sector-totaled-634bn-in-q3-2019-globaldata-6273475/ Global M&A and raising activity in the upstream sector totaled $63.4bn in Q3 2019: GlobalData News | Oil & Gas Sun, 24 Nov 2019 06:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/24/global-ma-and-raising-activity-in-the-upstream-sector-totaled-634bn-in-q3-2019-globaldata-6273475/ Plexus sealing systems gets extreme temperature verification http://www.arabianindustry.com//oil-gas/news/2019/nov/24/plexus-sealing-systems-gets-extreme-temperature-verification-6273488/ Millions of pounds spent in wellhead intervention could be a thing of the past, extreme tests on Aberdeen-developed technology reveal News | Oil & Gas Sun, 24 Nov 2019 06:45:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/24/plexus-sealing-systems-gets-extreme-temperature-verification-6273488/ Petrofac unit EPS wins awards worth a combined $120mn http://www.arabianindustry.com//oil-gas/news/2019/nov/21/petrofac-unit-eps-wins-awards-worth-a-combined-120mn-6271759/ The contracts are part of its plan to diversify its markets and geographies News | Oil & Gas Thu, 21 Nov 2019 04:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/21/petrofac-unit-eps-wins-awards-worth-a-combined-120mn-6271759/ Shaleem Petroleum Company reportedly acquires Weatherford's Oman unit http://www.arabianindustry.com//oil-gas/news/2019/nov/21/shaleem-petroleum-company-reportedly-acquires-weatherfords-oman-unit-6271772/ The deal will see Weatherford - Oman relocate all of its business, equipment, and staff News | Oil & Gas Thu, 21 Nov 2019 04:30:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/21/shaleem-petroleum-company-reportedly-acquires-weatherfords-oman-unit-6271772/ Mubadala Petroleum and Tap Oil start exploration activities in Gulf of Thailand http://www.arabianindustry.com//oil-gas/news/2019/nov/21/mubadala-petroleum-and-tap-oil-start-exploration-activities-in-gulf-of-thailand-6271785/ The companies are exploring for resources in the Manora oil field, in the Northern Gulf of Thailand News | Oil & Gas Thu, 21 Nov 2019 04:15:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/21/mubadala-petroleum-and-tap-oil-start-exploration-activities-in-gulf-of-thailand-6271785/ ADNOC partners with Honeywell on predictive maintenance platform http://www.arabianindustry.com//oil-gas/news/2019/nov/21/adnoc-partners-with-honeywell-on-predictive-maintenance-platform-6271447/ ADNOC is taking the next step with its Panorama Command Centre, using the data it aggregates from 14 operating companies to enable predictive maintenance News | Oil & Gas Thu, 21 Nov 2019 12:00:15 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/21/adnoc-partners-with-honeywell-on-predictive-maintenance-platform-6271447/ Increasing emphasis placed on asset management in oil and gas operations, says GlobalData http://www.arabianindustry.com//oil-gas/news/2019/nov/20/increasing-emphasis-placed-on-asset-management-in-oil-and-gas-operations-says-globaldata-6270862/ It can help enhance operational efficiencies for oil and gas companies, according to the company's report News | Oil & Gas Wed, 20 Nov 2019 05:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/20/increasing-emphasis-placed-on-asset-management-in-oil-and-gas-operations-says-globaldata-6270862/ How a combination of human and artificial intelligence is driving project planning in oil & gas http://www.arabianindustry.com//oil-gas/news/2019/nov/20/how-a-combination-of-human-and-artificial-intelligence-is-driving-project-planning-in-oil-gas-6270875/ InEight chief design officer Daniel Patterson comments on the benefits of collaboration between AI and humans to facilitate project planning News | Oil & Gas Wed, 20 Nov 2019 05:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/20/how-a-combination-of-human-and-artificial-intelligence-is-driving-project-planning-in-oil-gas-6270875/ US signs the highest long-term LNG export contract volumes globally for 2019: GlobalData http://www.arabianindustry.com//oil-gas/news/2019/nov/20/us-signs-the-highest-long-term-lng-export-contract-volumes-globally-for-2019-globaldata-6270888/ US signs the highest long-term LNG export contract volumes globally for 2019: GlobalData News | Oil & Gas Wed, 20 Nov 2019 03:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/20/us-signs-the-highest-long-term-lng-export-contract-volumes-globally-for-2019-globaldata-6270888/ Industry needs enterprise systems to reflect and predict cumulative risks: Sphera survey http://www.arabianindustry.com//oil-gas/news/2019/nov/20/industry-needs-enterprise-systems-to-reflect-and-predict-cumulative-risks-sphera-survey-6270654/ Only 40% agree that organizations proactively manage process safety, while 73% say companies are not actively managing risk or driving PSM through the planning process News | Oil & Gas Wed, 20 Nov 2019 03:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/20/industry-needs-enterprise-systems-to-reflect-and-predict-cumulative-risks-sphera-survey-6270654/ NPCC accelerates five-year digital transformation plan http://www.arabianindustry.com//design/news/2019/nov/20/npcc-accelerates-five-year-digital-transformation-plan-6270394/ NPCC has partnered with AVEVA and Microsoft on strengthening systems and procedures News | Oil & Gas Wed, 20 Nov 2019 12:35:19 +0400 http://www.arabianindustry.com//design/news/2019/nov/20/npcc-accelerates-five-year-digital-transformation-plan-6270394/ Key changes in Algeria's hydrocarbon law: DWF http://www.arabianindustry.com//oil-gas/news/2019/nov/19/key-changes-in-algerias-hydrocarbon-law-dwf-6269549/ DWF details the key facts surrounding Algeria's new hydrocarbon law, and the changes it includes News | Oil & Gas Tue, 19 Nov 2019 04:30:45 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/19/key-changes-in-algerias-hydrocarbon-law-dwf-6269549/ Halliburton breakthrough could replicate US shale revolution in the Middle East http://www.arabianindustry.com//oil-gas/news/2019/nov/19/halliburton-breakthrough-could-replicate-us-shale-revolution-in-the-middle-east-6269705/ Ahmed Kenawi, senior vice president of the Middle East and North Africa for Halliburton, said that a recent breakthrough with local sand could reduce costs by 30% for a regional operator, and tests are ongoing for the use of saltwater in unconventional hydrocarbon production. News | Oil & Gas Tue, 19 Nov 2019 04:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/19/halliburton-breakthrough-could-replicate-us-shale-revolution-in-the-middle-east-6269705/ Iran could become a petrol importer by 2021: Rouhani http://www.arabianindustry.com//oil-gas/news/2019/nov/19/iran-could-become-a-petrol-importer-by-2021-rouhani-6269315/ Citizens now have a 60 liter per month quota of petroleum at recently increased prices of Rls. 15,000/l, and will be charged Rls 30,000/l if they exceed their quota News | Oil & Gas Tue, 19 Nov 2019 12:00:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/19/iran-could-become-a-petrol-importer-by-2021-rouhani-6269315/ Saudi Aramco sets its market valuation at $1.7trn http://www.arabianindustry.com//oil-gas/news/2019/nov/18/saudi-aramco-sets-its-market-valuation-at-17trn-6268561/ Saudi Aramco announced it would offer shares at prices between $8 (SAR 30) and $8.50 (SAR 32) per share News | Oil & Gas Mon, 18 Nov 2019 03:15:00 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/18/saudi-aramco-sets-its-market-valuation-at-17trn-6268561/ ADNOC awards $489mn EPC contract to upgrade Bab onshore field http://www.arabianindustry.com//oil-gas/news/2019/nov/18/adnoc-awards-489mn-epc-contract-to-upgrade-bab-onshore-field-6268028/ Archirodon will build the facilities and infrastructure required to sustain long-term crude oil production capacity of the field at 485,000 barrels per day News | Oil & Gas Mon, 18 Nov 2019 11:15:30 +0400 http://www.arabianindustry.com//oil-gas/news/2019/nov/18/adnoc-awards-489mn-epc-contract-to-upgrade-bab-onshore-field-6268028/