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. Mon, 17 Dec 2018 07:20:16 +0400 Arabian Industry - Oil & Gas 144 16 en ITP Digital Ltd. 2018 (webmaster) Mon, 17 Dec 2018 07:20:16 +0400 20 Saudi Aramco and Raytheon sign MOU to establish cybersecurity joint venture The joint venture company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and development activities. News | Oil & Gas Sun, 16 Dec 2018 10:15:45 +0400 Dana Gas hits production landmark of 70,000 boed This comes as a result of a debottlenecking project in Kurdistan News | Oil & Gas Thu, 13 Dec 2018 10:45:45 +0400 BHGE to open oilfield services facility in King Salman Energy Park The first phase of the facility will open at the end of 2019 News | Oil & Gas Wed, 12 Dec 2018 11:15:00 +0400 King Salman Energy Park will create 100,000 jobs and contribute $6bn to economy It has already attracted investments from local and international companies News | Oil & Gas Wed, 12 Dec 2018 10:15:15 +0400 No data stolen after Saudi, UAE servers of Saipem hacked Saudi Aramco and Duqm Refinery contractor Saipem was hit with a cyberattack on 10 December News | Oil & Gas Wed, 12 Dec 2018 10:00:15 +0400 Analysts: OPEC production cuts "unlikely to spark major turnaround in prices" OPEC and its allies will cut production in 2019 by 1.2mn barrels per day News | Oil & Gas Tue, 11 Dec 2018 11:30:15 +0400 UAE energy minister announces ADNOC's January crude oil allocation reductions Suhail Mohamed AlMazrouei tweeted out the reductions on Monday, with a positive outlook for 2019 News | Oil & Gas Tue, 11 Dec 2018 11:00:00 +0400 Mubadala Petroleum and BP to join Eni as partners in Nour concession in Egypt Egyptian Government approved the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession News | Oil & Gas Sun, 09 Dec 2018 04:30:30 +0400 ADNOC awards China ZhenHua Oil a 4% interest in its onshore concession China ZhenHua Oil acquires share previously held by CEFC China News | Oil & Gas Sun, 09 Dec 2018 02:30:45 +0400 ADNOC announces blockchain platform for its full value chain The platform is expected to provide a faster and more reliable system to replace lengthy manual processes News | Oil & Gas Sun, 09 Dec 2018 10:45:45 +0400 Russia key to OPEC 2019 production cut decision Cut will be between 1mn and 1.3mn bpd, depending on Russia's contribution News | Oil & Gas Thu, 06 Dec 2018 03:15:00 +0400 Weatherford completes $92.5mn sale of Saudi Arabia land drilling rigs The sale is part of a larger, $287.5mn sell-off of land drilling rig operations in Algeria, Kuwait, Saudi Arabia and Iraq News | Oil & Gas Thu, 06 Dec 2018 11:30:30 +0400 Trump urges OPEC not to cut production ahead of Vienna talks Trump has repeatedly tweeted OPEC, and Saudi Arabia, not to cut production in a bid to keep oil prices low News | Oil & Gas Thu, 06 Dec 2018 09:30:45 +0400 Oil price climbs almost 5% after Saudi-Russia agreement The price of Brent crude started recovering from a sharp drop in November, jumping 4.7% in the past week News | Oil & Gas Tue, 04 Dec 2018 10:45:45 +0400 Blockchain oil trading platform Vakt starts operating It was created by a consortium of founders including oil majors Shell and BP News | Oil & Gas Sun, 02 Dec 2018 06:00:00 +0400 Honeywell study: USBs pose a significant threat to industrial facilities Of 50 industrial locations studied, nearly half faced threats from removable USB media devices News | Oil & Gas Fri, 30 Nov 2018 12:00:30 +0400 PEFTEC 2019 moves to Rotterdam PEFTEC 2019, the 3rd International Conference and Exhibition on Petroleum, Refining and Environmental Technologies, will take place on 22nd & 23rd May at the Rotterdam Ahoy exhibition centre in the Netherlands News | Oil & Gas Thu, 29 Nov 2018 10:30:00 +0400 Boskalis gets EPC contract for Saudi Aramco offshore expansions This is part of Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) program News | Oil & Gas Thu, 29 Nov 2018 10:15:45 +0400 ADNOC to expand capture and storage of carbon dioxide The additional CO2 capture is expected to reduce ADNOC’s carbon footprint News | Oil & Gas Wed, 28 Nov 2018 03:00:45 +0400 Saudi Aramco to invest $150bn in gas programme Unconventional gas development is a key focus for the company News | Oil & Gas Wed, 28 Nov 2018 10:30:00 +0400 Weir Oil and Gas signs multi-year contract in Iraq worth $4mn It will provide workshop services, machine shop services, emergency manufacturing and engineering support for a major international oil company News | Oil & Gas Wed, 28 Nov 2018 10:15:45 +0400 Saudi Aramco CEO: Company's strategy will include more downstream acquisitions Amin Nasser said in his keynote at the GPCA Forum that Aramco would invest more than $100bn in chemicals over the next 10 years News | Oil & Gas Tue, 27 Nov 2018 01:45:15 +0400 Saudi Aramco signs deals worth $27.5bn with suppliers at annual IKTVA localisation forum The company signed $27.5 billion in 31 commercial collaboration signings News | Oil & Gas Mon, 26 Nov 2018 02:30:30 +0400 Saudi Aramco signs deals worth $27.5bn with suppliers at annual IKTVA localisation forum The company signed $27.5 billion in 31 commercial collaboration signings News | Oil & Gas Mon, 26 Nov 2018 02:30:30 +0400 ADNOC adds Germany’s Wintershall to the Ghasha Ultra-Sour Gas Concession Wintershall awarded 10 percent concession share in the Ghasha offshore sour gas mega-project News | Oil & Gas Mon, 26 Nov 2018 12:00:15 +0400 Saudi Aramco CEO: Sabic deal vital, company still committed to IPO The oil and gas giant expects negotiations with the Saudi Public Investment Fund to conclude soon, according to Bloomberg News | Oil & Gas Mon, 26 Nov 2018 10:45:00 +0400 Saudi Aramco will ramp up unconventional gas production by end 2018 Saudi Aramco supplied around 55mn standard cubic feet per day of gas (mmscfd) to a local power plant. Gas production is expected to grow to 190mmscfd by the end of 2018 to meet demand. News | Oil & Gas Sun, 25 Nov 2018 02:15:15 +0400 MMEC Mannesmann opens regional headquarters in Abu Dhabi The German engineering contractor aims to expand its presence in the region News | Oil & Gas Wed, 21 Nov 2018 03:45:45 +0400 APICORP: Libya could be key to stabilising oil price Libyan oil output doubled between June and October 2018 News | Oil & Gas Wed, 21 Nov 2018 11:30:45 +0400 Arabtec unit wins $141mn contract from Tecnicas Reunidas It will provide mechanical and electrical construction works for ADNOC Onshore's Bu Hasa Integrated Field Development project News | Oil & Gas Tue, 20 Nov 2018 10:15:30 +0400 Kuwait Oil Company reportedly awards $1.3bn rig contract A local newspaper reported that the company awarded contracts for the construction of 86 oil rigs News | Oil & Gas Mon, 19 Nov 2018 03:30:15 +0400 ADNOC will announce new deals to spur gas strategy ADNOC will announce new partnerships for its sour gas concession and oil and gas blocks News | Oil & Gas Mon, 19 Nov 2018 02:45:45 +0400 Bentley Systems to acquire machine learning and IOT technology specialist AIworx Bentley Systems will incorporate AIworx's machine learning and IOT tools into digital twin technology News | Oil & Gas Mon, 19 Nov 2018 02:15:00 +0400 ADNOC reveals new integrated gas strategy ADNOC is investing in commercial gas resources to leverage offshore ultra-sour gas, gas cap and unconventionals development News | Oil & Gas Wed, 14 Nov 2018 07:30:45 +0400 ADNOC to invest $1.4bn to expand its giant Bu Hasa field Crude oil production capacity from Bu Hasa Field will increase from 550,000 to 650,000 barrels per day in line with ADNOC’s plan to increase its oil production capacity to 4mbpd by 2020 News | Oil & Gas Wed, 14 Nov 2018 02:15:30 +0400 Ducab signs three contracts for ADNOC projects The company will supply over 5,000km of vables and AAAC overhead conductors for ADNOC-related projects in Abu Dhabi News | Oil & Gas Wed, 14 Nov 2018 09:15:30 +0400 IMF: Gulf economies will grow in 2019 but face volatile oil prices The International Monetary Fund said GCC countries' economies would grow by 3% in 2019 News | Oil & Gas Wed, 14 Nov 2018 08:45:45 +0400 Wood secures $53mn in contracts with ADNOC Onshore Wood won three call-off contracts with ADNOC's onshore subsidiary News | Oil & Gas Mon, 12 Nov 2018 11:00:30 +0400 OPEC considering production cuts in 2019 OPEC will meet on Sunday to discuss a course of action for the coming year News | Oil & Gas Thu, 08 Nov 2018 11:00:15 +0400 Coretrax reports 40% business growth in the Middle East The company says its CX-LTTT (HD) technology saved one Saudi Arabian operation 3,500 hours and $9.2mn News | Oil & Gas Wed, 07 Nov 2018 02:45:45 +0400 Oil and gas leaders set to meet at ADIPEC as the industry faces unprecedented change An increasingly complex energy market, shifting global economic power and technological innovation meet to bring rising challenges and opportunities for the industry News | Oil & Gas Wed, 07 Nov 2018 02:15:15 +0400 Ingersoll Rand will debut these technologies at ADIPEC 2018 The company will present a series of product innovations and services in lifting, power tools and fluid management solutions. News | Oil & Gas Tue, 06 Nov 2018 02:15:00 +0400 Which are the eight countries that received waivers on Iranian oil sanctions Some of Iran's top customers are on the list of countries given temporary waivers News | Oil & Gas Tue, 06 Nov 2018 11:15:15 +0400 What to expect at ADIPEC 2018 The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) takes a keen eye to digitalisation and other factors that will foster a bright future for oil and gas News | Oil & Gas Mon, 05 Nov 2018 12:15:30 +0400 US sanctions against Iran take effect, eight waivers granted But their effect might be less than previously feared News | Oil & Gas Mon, 05 Nov 2018 09:00:45 +0400 ADNOC plans to increase oil production capacity to 4mn bpd in 2020 The Supreme Petroleum Council approved ADNOC's 2019-2023 $132bn Capex for growth across value chain News | Oil & Gas Sun, 04 Nov 2018 02:30:45 +0400 US will temporarily allow eight countries to continue importing Iranian oil This comes as the US treads the line between sanctions on Iran and potential oil supply disruptions News | Oil & Gas Sun, 04 Nov 2018 09:15:00 +0400 Study: Energy companies turn to internet of things to reduce environmental impact More than 50% of energy companies are using IIOT to improve their environmental footprint News | Oil & Gas Thu, 01 Nov 2018 03:45:30 +0400 ADNOC awards Weir three-year contract to provide in-country wellhead equipment This falls under ADNOC's In-Country Value strategy to promote localisation News | Oil & Gas Thu, 01 Nov 2018 09:15:45 +0400 Profits rise for oil majors amid higher oil prices and rising production BP, Total and ConocoPhillips are among the oil and gas companies that felt a boost in profits amid higher oil prices. News | Oil & Gas Wed, 31 Oct 2018 02:15:15 +0400 PDO Majlis calls for national energy efficiency plan Experts at the Majlis said the energy blueprint should include a dedicated organisation to implement measures to reduce power consumption, as well as progress reporting and monitoring systems to ensure greater sustainability. News | Oil & Gas Wed, 31 Oct 2018 12:00:15 +0400 Eni to acquire 49% stake in three onshore Algeria concessions The company will also partner with Total and state oil company Sonatrach for offshore exploration News | Oil & Gas Tue, 30 Oct 2018 09:00:45 +0400 Saudi Aramco has doubled number of female employees in the past 10 years The energy giant hosted the Gulf Region Organisation for Women forum News | Oil & Gas Tue, 30 Oct 2018 08:45:15 +0400 PDO opens new Gas Networks Operations Centre The facility monitors and coordinates gas production from eight plants in real time News | Oil & Gas Sun, 28 Oct 2018 02:45:00 +0400 Saudi Arabian energy minister says future unpredictable, mechanism in place to prevent repeat of 2014 crash Khalid al-Falih said at the Future Investment Initiative that OPEC would continue to monitor the market. News | Oil & Gas Tue, 23 Oct 2018 01:15:45 +0400 Saudi energy minister says 'no intention' of oil embargo Saudi Energy Minister Khalid al-Falih told Russia's TASS news agency that the kingdom has no intention of implementing an oil embargo News | Oil & Gas Tue, 23 Oct 2018 09:00:30 +0400 Petronas acquires 10% stake in Oman's Al Khazzan field Wood Mackenzie estimates that the deal "could be worth in excess of $1.3bn..." News | Oil & Gas Tue, 23 Oct 2018 08:15:45 +0400 Saudi Aramco boosts export capacity of Yanbu South Terminal The facility’s integration with the existing crude oil supply network adds 3mn barrels per day to Saudi Aramco’s export capacity through the West Coast News | Oil & Gas Wed, 17 Oct 2018 04:00:30 +0400 Carlyle Group to acquire energy and infrastructure services company EnerMech Group EnerMech plans to double its business in the next five years News | Oil & Gas Wed, 17 Oct 2018 08:45:15 +0400 OMV and Schlumberger sign MoU for digital solutions OMV says the collaboration would give them early access to new technology, and would enhance their position in certain areas. News | Oil & Gas Wed, 17 Oct 2018 08:15:45 +0400 Saudi Aramco continues push to expand downstream segment The giant company sees the importance of strengthening its downstream offering, with recent and planned investments into the segment. News | Oil & Gas Tue, 16 Oct 2018 08:00:00 +0400 Emerson to acquire GE automation division Intelligent Platforms Intelligent Platforms had 2017 sales of $210mn and focuses on machine control, industrial computing, input/output and networking. News | Oil & Gas Sun, 14 Oct 2018 12:15:30 +0400 EIA boosts price forecast for Brent and WTI crude oil in 2019 The Permian region, OPEC production, US sanctions on Iran and Venezuela all have roles to play in determining future oil prices. News | Oil & Gas Thu, 11 Oct 2018 09:00:45 +0400 Saudi Aramco and Bahrain Petroleum Company commission 112km pipeline The new pipeline is capable of transporting up to 350 thousand barrels per day of crude oil. News | Oil & Gas Wed, 10 Oct 2018 03:30:30 +0400 EOR will grow and change in an era of recovery and technological advancement In the midst of recovering oil prices, EOR is set for a big boost thanks to Big Data News | Oil & Gas Wed, 10 Oct 2018 10:00:00 +0400 BHGE buys 5% stake in ADNOC Drilling The deal values ADNOC Drilling at $11bn. News | Oil & Gas Mon, 08 Oct 2018 12:30:00 +0400 Saudi Arambo IPO to go forward, says Crown Prince Mohammed bin Salman In a conversation with Bloomberg News, Prince Mohammed bin Salman said Saudi Aramco is worth $2tn or more. News | Oil & Gas Mon, 08 Oct 2018 08:45:45 +0400 Crown Prince Mohammed bin Salman comments on oil price and cooperation with Kuwait The Saudi prince spoke to Bloomberg News about the country's relationship with Trump, the oil price and recent discussions with Kuwait's government. News | Oil & Gas Sun, 07 Oct 2018 08:30:30 +0400 Why $100 oil might not happen this year Amidst forecasts of $100 per barrel oil, a set of complex circumstances could lead to a sharp market correction. News | Oil & Gas Thu, 04 Oct 2018 10:00:00 +0400 Saudi Aramco's Sami Al-Nuaim will lead the Society of Petroleum Engineers in 2019 "I want to show the world that we are a major factor in the solution to both environmental and social development challenges facing our world today," he said. News | Oil & Gas Thu, 04 Oct 2018 08:30:00 +0400 Tendeka launches new suite of applications to cut costs, time and environmental risk The applications aim to reduce water use and pumping time during completion in shale plays. News | Oil & Gas Wed, 03 Oct 2018 02:45:45 +0400 Rex International to keep stake in Oman offshore block The project is moving according to plan and is expected to achieve production in 2019. News | Oil & Gas Wed, 03 Oct 2018 11:15:00 +0400 Fuse terminal blocks up to 1000 V The fuse holder is ideal for demanding standard applications News | Oil & Gas Wed, 03 Oct 2018 10:30:30 +0400 Configure and order customised connectors online Look through countless combination options under Phoenix Contact's heavy-duty connector product range News | Oil & Gas Wed, 03 Oct 2018 10:30:00 +0400 New CBMC device circuit breaker versions The new version allows for greater diagnostic and control options. News | Oil & Gas Wed, 03 Oct 2018 10:15:30 +0400 Phoenix Contact releases new, high-performance WLAN module It will replace the FL WLAN 5100. News | Oil & Gas Wed, 03 Oct 2018 10:15:00 +0400 SubseaDesign gets sole rights to market TVO’s patented Tethered BOP design The Tethered BOP system arrests the motion of the BOP stack above the wellhead, substantially reducing wellhead cyclic stresses and enhancing fatigue life News | Oil & Gas Tue, 02 Oct 2018 09:00:30 +0400 Saudi Aramco will focus on nonmetallic materials for company growth Saudi Aramco Vice President of Engineering Services Abdullah Al-Baiz said the proactive corrosion management approach was a great opportunity to increase demand. News | Oil & Gas Tue, 02 Oct 2018 08:45:15 +0400 I-Tech Services adds mini ROVs to subsea inspection fleet The ROVs can perform operations in challenging subsea environments News | Oil & Gas Mon, 01 Oct 2018 03:00:30 +0400 Saudi Arabia expects 11% increase in in oil revenue next year Saudi Arabia's finance minister, Mohammed al-Jadaan, announced the country's preliminary budget for 2019 on Sunday. News | Oil & Gas Mon, 01 Oct 2018 01:30:00 +0400 The impact of oil at $100 per barrel Oil could rise to $100 per barrel. Here's what that means for the world economy. News | Oil & Gas Mon, 01 Oct 2018 09:00:00 +0400 BASF subsidiary Wintershall merges with LetterOne subsidiary DEA The companies will merge to form a joint venture, Wintershall DEA News | Oil & Gas Sun, 30 Sep 2018 10:00:45 +0400 ADNOC CEO says oil and gas industry must quickly adopt new technology Dr. Sultan Ahmed Al Jaber says technological advances are playing a key role in helping ADNOC to thrive in an evolving and growing energy market News | Oil & Gas Sat, 29 Sep 2018 10:00:00 +0400 Emerson launches corrosion monitoring solution for remote pipelines Roxar FSM Log 48 Area Corrosion Monitor detects localized and generalized corrosion, aids in boosting pipeline availability and capacity, and delivers cost-effective monitoring News | Oil & Gas Fri, 28 Sep 2018 08:00:00 +0400 Getac launches K120 fully rugged tablets Getac’s tablet is purpose-built for the daily demands of public safety personnel News | Oil & Gas Thu, 27 Sep 2018 10:30:00 +0400 Middle East and North Africa sees record-high IT spend The Middle East and North Africa's enterprise software market will top $760mn in 2018 News | Oil & Gas Thu, 27 Sep 2018 10:00:30 +0400 APICORP issues a $750 million 5-year bond The transaction is part of the corporation's diversification strategy News | Oil & Gas Wed, 26 Sep 2018 12:30:15 +0400 Saudi Aramco will raise production at Khurais field to 1.5mn bpd Aramco CEO Amin Nasser said field production would be raised by 300,000 bpd News | Oil & Gas Wed, 26 Sep 2018 10:15:45 +0400 ADNOC nearing 3.5mn barrels of upstream production capacity A spokesman addressed the company's customers at the Asia Pacific Petroleum Conference News | Oil & Gas Tue, 25 Sep 2018 06:15:45 +0400 Schlumberger launches new zonal isolation technology CemFIT Shield system improves cement bonding in long horizontal wells News | Oil & Gas Tue, 25 Sep 2018 03:30:45 +0400 Saudi Aramco plans 30% reduction in methane intensity from upstream operations Aramco, a founding member of the Oil and Gas Climate Initiative, discussed the industry's approaches to decrease emissions News | Oil & Gas Tue, 25 Sep 2018 08:30:00 +0400 Atlas Copco announces new QAC 1450 TwinPower with two 725 kVA generators The company says it offers double the power and versatility for modular power plant applications News | Oil & Gas Mon, 24 Sep 2018 03:30:45 +0400 Total makes major offshore gas discovery The new discovery, off the shore of the UK, holds recoverable resources estimated at one trillion cubic feet. News | Oil & Gas Mon, 24 Sep 2018 12:15:15 +0400 Opec report: upstream sector needs $11 trillion in investments between 2018 and 2040 Tight oil supply will make up 15% of global liquid output by the late 2020s News | Oil & Gas Mon, 24 Sep 2018 11:30:30 +0400 Oil supply gap to widen: Wood Mackenzie "We need more Guyanas, a lot more, and we need them soon," says Simon Flowers of Wood Mackenzie. News | Oil & Gas Sun, 23 Sep 2018 12:30:45 +0400 Oman Gas Company becomes finalist in Bentley Systems' Year in Infrastructure 2018 Awards Oman Gas Company's Asset Performance Solution for Reliability Management has been recognized as a finalist in the Going Digital Advancements in Utilities and Industrial Asset Performance category. News | Oil & Gas Sun, 23 Sep 2018 08:30:00 +0400 Saudi Arabia's privatisation efforts slow down Mitsubishi UFJ Ginancial Group's Middle East and North Africa unit says privitisations could exceed $350 bn in five years. News | Oil & Gas Thu, 20 Sep 2018 01:30:15 +0400 Work on Phase II of BPGIC terminal in Fujairah begins OPEC Secretary General Barkindo inaugurates Phase II of BPGIC in Fujairah News | Oil & Gas Tue, 18 Sep 2018 02:45:15 +0400 Saudi Aramco will spend more than $133 billion on drilling in the next decade Mohammed Al-Qahtani, Saudi Aramco's senior vice president for upstream, spoke to the first graduates of the Saudi Arabian Drilling Academy about the future of drilling. News | Oil & Gas Tue, 18 Sep 2018 08:00:30 +0400 Winners of Oil & Gas Middle East and Refining & Petrochemicals Middle East Awards to be honoured today We are delighted recognize excellence in the Oil & Gas industry today with our ninth annual Oil & Gas Middle East and Refining & Petrochemicals Middle East Awards. Follow us on social media for the latest updates! News | Oil & Gas Wed, 12 Sep 2018 10:00:15 +0400