Oil Review Middle East weekly digest - 11th - 15th June 2017

public domain commons for ORME 307(Image source: Public Domain/Commons)Here is a brief overview of the week's new on Oil Review Middle East, from 11th - 15th June 2017

US to dominate global oilfield equipment rental market from 2017-2022 

In the recent report on oilfield equipment, the leading market research company Research and Markets declared that the global rental market of oilfield equipment is projected to grow at a CAGR of 3.87 per cent from 2017 to 2022, with reaching a market size worth US$20.55bn by 2022. Click here to read the full story.  

BP Statistical Review highlights Middle East oil production dominance 

The Middle East remained the world’s largest oil-producing region in 2016, according to BP’s newly released BP Statistical Review of World Energy 2017. Click here to read the full story.  

McDermott completes load-out and installation of the first jacket from Dammam fabrication yard 

McDermott International has celebrated a major milestone with the load-out and installation of the first jacket, fully fabricated by the Company at its recently opened Dammam fabrication yard in Saudi Arabia. Click here to read the full story.  

Petrofac wins five-year training contract with KOC 

Petrofac has agreed a five-year relationship with Kuwait Oil Company (KOC) for the provision of specialist technical training and competency development services. Click here to read the full story.  

Middle East and Africa oil and gas pipeline market is projected to reach US$10.8bn by 2022 

Research and Markets has announced the addition of the "Middle East & Africa Oil & Gas Pipeline Market By Application (Midstream, Downstream, Upstream), By Type (SAW, Seamless, ERW, Polyethylene & Composites), Competition Forecast and Opportunities, 2012-2022" report to their repertoire. Click here to read the full story.   

Honeywell's new logic controller reduces integration costs for industrial plants 

ControlEdge™ PLC provides powerful enhancements to integration with Experion®. Click here to read the full story.   

Weir Group acquires KOP Surface Products for US$114mn 

Weir Oil and Gas announced that it has acquired KOP Surface Products, Asia’s leading oil and gas technology provider, for US$114mn, with the acquisition expecting to be completed in the Q3 2017. Click here to read the full story.  

Oil companies submit technical surveys for development of Iran's Azadegan oilfield 

The chief executive officer of Iran's Petroleum Engineering and Development Company (PEDEC) said that Total, Inpex and Petronas have submitted findings and development proposals for the South Azadegan field in Iran. Click here to read the full story

UTEC AUVs set to support Saipem at Zohr offshore project in Egypt 

Italian oilfield contractor Saipem has contracted UTEC, a global survey company in subsea services group Acteon, to support Saipem’s operation for deepwater Zohr gas field development project in Egyptian sector of the Mediterranean sea. Click here to read the full story.  

Petrofac to provide engineering, procurement and construction management services for PDO 

Petrofac has secured a long-term Framework Agreement (FA) with Petroleum Development Oman (PDO) for the provision of engineering, procurement and construction management (EP+Cm) support services for major oil and gas projects. Click here to read the full story.  

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