Oil Review Middle East weekly digest - 14th - 18th May 2017

public domain commons for ORME 307Here is a brief overview of the week's new on Oil Review Middle East, from 14th - 18th May 2017

Ecobank signs agreement with OiLibya for distribution of financial services 

Ecobank Transnational Incorporated has signed an agreement with OiLibya for the distribution of digital financial services. Click here to read the full story

France plays vital role to develop UAE’s energy sector 

UAE and France jointly organised second UAE-France Oil and Gas Symposium in Abu Dhabi to explore opportunities in Oil and Gas industry and in energy sector. Click here to read the full story

OPEC takes part in latest successful installment of Iran Oil, Gas, Refining and Petrochem exhibition 

OPEC took part in IR Iran’s International Oil, Gas, Refining, and Petrochemical Exhibition 2017, which concluded Tuesday 16 May in Tehran. Click here to read the full story

Cedigaz show moderate growth in global natural gas demand in 2016 

Natural gas consumption grew 1.6 per cent to 3528 bcm in 2016, according to CEDIGAZ, driven by multiple structural and temporary factors. Click here to read the full story. 

IEA report shows OPEC crude production rises in Q1 2017 

OPEC crude production rose by 65k bpd in April to 31.78 mn bpd as higher output from Nigeria and Saudi Arabia more than made up for lower flows from Libya and Iran. Click here to read the full story

Chicago Pneumatic receives order for LED light towers Middle Eastern oilfield construction 

Chicago Pneumatic has secured the sale of its tough and efficient LED light towers in Kuwait after its authorised distributor General Transportation & Equipment Company (GTE) placed an order for 25 CPLT V15 LED models. Click here to read the full story

Saudi Aramco awards NPCC with contract for four offshore platforms and pipelines 

Saudi Aramco has awarded the National Petroleum Construction Company (NPCC) a new contract for four Offshore Platforms and associated Submarine Pipelines, Cables and Tie-Ins for Al Safaniya, Zuluf and Berri Oilfields. Click here to read the full story

Bentley's SACS offering includes analysis and sign for entire lifecycle of offshore structures 

Bentley’s SACS now includes an integrated analysis and design solution for the complete lifecycle of offshore structures, including construction, transportation, in-place, and decommissioning. Click here to read the full story

Oil price rises 2 per cent as Saudi and Russia agree to extend supply cutbacks 

The oil price increased to US$52 per barrel after Saudi Arabia and Russia agree to cut back oil supply until 2018. Click here to read the full story.  

KBR and IBM partner for digital solutions for hydrocarbons industry 

KBR Inc, and IBM announced on 10 May that they have entered an agreement to collaborate on the development of digital products and services to help oil and gas and petrochemical customers reduce costs and increase profit, reliability, and safety. Click here to read the full story

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