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Oil Review Middle East weekly digest - 9th July - 13th July

Event News

Here is a brief overview of the week’s news on Oil Review Middle East, from 9th July - 13th July 2017

Qatar to boost 30 per cent LNG output by 2024

The state-run Qatar Petroleum (QP) has announced plans to increase gas production by 30 per cent from its giant North Field in next five to seven years, a move that is expected to boost total natural gas production of the country to 100mn tonnes per year by 2024. Click here to read full story.

ADNOC unveils new, expanded partnership approach

The Abu Dhabi National Oil Company (ADNOC) has announced the expansion of its partnership model to span the Group’s entire value chain as well as the more active management of its portfolio of assets. Click here to read full story.

Saudi Arabia to develop new energy industrial city

With Saudi Arabia’s strategy to expand its industrial base, the Saudi government approved its state-owned oil and gas company Saudi Aramco’s plan to set up two new companies that will develop and operate a new energy industrial city in the kingdom. Click here to read full story.

CEDIGAZ highlights the growing role of natural gases in a diversifying energy outlook

CEDIGAZ, the International Association for Natural Gas Information, has just released its Medium and Long Term Natural Gas Outlook 2017. Click here to read full story.

Global energy investment fell for a second-year for low oil and gas spending: IEA

International Energy Agency’s (IEA) recent annual world energy investment report shows that the global energy investment continues to decline for the second year in a row in 2016, due to the continued drop in upstream oil and gas spending. Click here to read full story.

Saudi Aramco to invest more than US$300bn in oil and gas over the next decade

Saudi Aramco is to invest more than US$300bn over the coming decade to reinforce its pre-eminent position in oil, maintain its spare oil production capacity, and pursue a large exploration and production programme centring on conventional and unconventional gas resources, said Amin H. Nasser, the oil giant’s president and CEO in a speech to the World Petroleum Congress in Istanbul. Click here to read full story.

VisualSoft system to be installed in the cable-laying vessel in Scotland

Forum Energy Technologies (FET), an international oilfield products company, has entered into a partnership with iSURVEY group, to supply its latest VisualSoft vessel installation system on the NKT Victoria, which is the world’s most advanced cable laying support vessel. Click here to read full story.

Marsol wins marine and offshore contract with OOCEP

Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has signed a two year contract with Oman Oil Company Exploration & Production LLC (OOCEP). Click here to read full story.

USA has potential to dominate global LNG market by 2022 - IEA

The USA is set to challenge Qatar and Australia for dominance of the global LNG market by 2022, according to the IEA's newly released report, Gas 2017. href="http://www.oilreviewmiddleeast.com/gas/usa-has-potential-to-dominate-global-lng-market-by-2022-iea" target="_blank" rel="noopener noreferrer">Click here to read full story.

The oil and gas industry has been increasingly adopting AI technology in recent years, and this trend is expected to continue in the coming years. (Image source: Adobe Stock)

SmartMaster can be used with a range of ABB and third-party instruments. (Image source: ABB)

Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)

The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)

GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)

ARO Drilling and IMI announce first Kingdom jack up rig (Image source: ARO)

Oman LNG signed various agreements with Shell Gas to secure its gas supply until 2034. (Image source: Adobe Stock)

Michael Monica, director sales, marketing and customer care at GPT Industries signs the agreement with Mohamed Altaf, sale manager, Abdulla Fouad Energy Services. (Image source: Alain Charles Publishing)

Amin H. Nasser, CEO of Aramco. (Image source: Aramco)

The system can activate notification and hazard mitigation equipment to notify workers and safeguard facilities. (Image source: MSA Safety)

The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)

The new discoveries will bolster Aramco’s strategy to increase gas production by more than half over 2021 levels, through 2030. (Image source: Adobe Stock)

Tethys Oil is currently conducting final preparations ahead of the rig mobilisation for the drilling of the first exploration well on Block 58, Kunooz-1 in Fahd.

Source: SafeStart

The new technology is designed to address the challenging conditions in unconventional wells. (Image source: Adobe Stock)

The Ampelmann A-type enabling safe offshore access in the Middle East. (Image source: Ampelmann)

Aramco has produced the first unconventional tight gas from its South Ghawar operational area ahead of schedule. (Image source: Adobe Stock)

Tethys Oil is currently conducting final preparations ahead of the rig mobilisation for the drilling of the first exploration well on Block 58, Kunooz-1 in Fahd.

TotalEnergies and SONATRACH will develop gas resources in Algeria's north-east Timimoun region, (Image source: Adobe Stock).

By using analytics to augment and empower the workforce, pipeline operators can optimise operations and improve asset availability. (Image source: Adobe Stock)

The oil price is hovering around the US$90/bbl mark. (Image source: Adobe Stock)

The Craig International Qatar team. (Image source: Craig International)

The SuperFill II diverter reduces induced surge pressure. (Image source: Halliburton)

Among other services, KBR will offer proprietary equipment for NCIC's 1,200 metric tonnes per day ammonia plant. (Image source: Adobe Stock)

The expansion is expected to increase the plant’s processing capacity from 2.5 to up to 4 billion standard cubic feet per day (bscfd). (Image source: Aramco)

Comparison of conventional workflow with DUG MP-FWI imaging. (Image source: DUG)

ADNOC Gas recorded robust financial and operational results in 2023. (Image source: Adobe Stock)

Over 4,000 km of SoluForce pipe has been installed around the world. (Image source: SoluForce)

Block 56 is targeted for commercialisation in 2024. (Image source: Canva)

The programme will optimise asset lifecycle, enhance machinery performance and improve overall reliability. (Image source: Adobe Stock)

The use of blockchain in the oil and gas sector is set to increase substantially. (Image source: Adobe Stock)

Source: SafeStart

GAC Saudi Arabia has extensive operations at major ports in Saudi Arabia. (Image source: GAC Saudi Arabia)

The company is well positioned in 2024, with a reshaped and resilient business and a strong balance sheet. (Image source: Adobe Stock)

The vessel addresses the growing demand for accurate hydrographic data. (Image source: Fugro)

The virtual inhouse seismic processing centre will allow each of the decentralised business units of Wintershall Dea globally to collaborate efficiently and directly with DUG. (Image source: Adobe Stock)