Oil Review Middle East weekly digest - 6th August - 10th August

public domain commons for ORME 307Here is a brief overview of the week’s news on Oil Review Middle East, from 6th August - 10th August

KBR to help in expanding Saudi Arabia’s localisation efforts 

KBR, the US-based engineering, procurement and construction company, has signed a MoU with Saudi Aramco to expand KBR's services for Saudi Aramco and to support the Kingdom’s vision for boosting locally produced energy-related goods and services. Click here to read the full story. 

Saudi Arabia to cut crude allocations by 520,000 bpd in September 2017 

Saudi Aramco will cut crude oil allocations by at least 520,000 bpd to its customers worldwide in September 2017, in relation to Saudi Arabia’s commitment to OPEC’s deal on global supply reduction. Click here to read the full story.  

Challenges and opportunities - drilling in MENA 

Tarek Khattab and Ahmet Aki from Halliburton discuss their drilling solutions and prospects in the Middle East. Read the full story in the latest issue of Oil Review Middle East (below), as well as insights from Weatherford experts. Click here to read the full story.  

Topaz Energy and Marine awarded US$100mn contract by Dragon Oil 

Topaz Energy and Marine have announced a new US$100mn contract with Dragon Oil, the upstream oil and gas subsidiary of Emirates National Oil Company (ENOC), in the eastern section of the Caspian Sea, offshore Turkmenistan. Click here to read the full story.  

Cosasco receive US$3mn corrosion contracts with Larsen & Toubro Hydrocarbon Engineering 

Middle East operator Larsen & Toubro Hydrocarbon Engineering has chosen Cosasco for technically complex project. Click here to read the full story

ADNOC in advanced discussions with potential partners for new offshore oil concession 

The Abu Dhabi National Oil Company (ADNOC) have announced it is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated by the Abu Dhabi Marine Operating Company (ADMA-OPCO) that expires in March 2018. Click here to read the full story.  

Oil and gas drone market to generate US$1.15bn by the end of 2017 

The latest research report from business intelligence provider Visiongain offers a comprehensive analysis of the Oil and Gas Drones market. Visiongain assesses that this market will generate $1.15 bn in 2017. Click here to read the full story.  

Petrofac and Samsung Engineering awarded JV contract for Duqm refinery project in Oman 

Petrofac, in a 50/50 joint venture with Samsung Engineering, has received notification of intent to award a contract worth approximately US$2bn with Duqm Refinery and Petrochemical Industries LLC (DRPIC) in the southern part of Oman. Click here to read the full story.  

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