Oil Review Middle East weekly digest - 20th - 24th August

public domain commons for ORME 307Here is a brief overview of the week’s news on Oil Review Middle East, from Here is a brief overview of the week’s news on Health Safety and Security Review Middle East, from 13th August - 17th August 2017

Middle East LNG demand remains brisk 

The Middle East (including Algeria, Egypt and Libya) holds almost half of global gas reserves, mostly untapped, yet the volume of LNG imports into the region is rapidly rising as domestic demand exceeds piped gas supply, says economist Moin Siddiqi. Click here to read the full story

Petrotechnics launch Operational Excellence Index 2017 for oil global trends market 

Petrotechnics, the developer of the world’s first software platform for operational excellence (OE), has launched the OE Index (OEI) 2017. Click here to read the full story

World’s top CEOs to join in ADIPEC’s global business leader conference  

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will be organised at Abu Dhabi National Exhibition Centre from 13-16 November 2017, featuring open-invite conference sessions by the oil and gas industry’s influential leaders and enabling professionals to do business and grow in the region. Click here to read the full story

Halliburton and Microsoft join to digitally transform the oil and gas industry 

Microsoft and Halliburton has announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry. Click here to read the full story

Saipem wins US$850mn pipeline contract in Kuwait’s Al Zour oil refinery 

Italian engineering company Saipem has received a contract worth US$850mn from Kuwait Oil Company (KOC) to build 450km pipeline system for the new Al Zour refinery located in the south of Kuwait. Click here to read the full story.

Total acquires Maersk Oil for US$7.45bn in a share and debt transaction 

Total has announced that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100 per cent of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a  share and debt transaction. Click here to read the full story.  

Oil drives Saudi’s fiscal deficit lower in H1 2017 

Last week, Saudi Arabia’s (A1 stable) Ministry of Finance released its second-quarter budget performance report. Click here to read the full story

KBR awarded PMC contract for Dalma and H&G islands projects for ADNOC 

KBR, Inc. announced that it has been awarded a Project Management Consultancy (PMC) contract by Occidental of Abu Dhabi Ltd. on behalf of Abu Dhabi National Oil Company (ADNOC) for management of the Front End Engineering and Design Services (FEED) phase of the Dalma Gas Field Development and the Detailed Design and Surveys phase of the Hail & Ghasha Islands project in Abu Dhabi , United Arab Emirates. Click here to read the full story.  

Africa Re faces losses in South Africa and Middle East in H1 2017 

African Reinsurance Corporation (Africa Re) has announced that the losses in South Africa and in the Middle East pushed down the company’s net profit to US$7.6mn in the first half of 2017 from US$32.6mn in the same period in 2016. Click here to read the full story

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