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9th AUGUST 2018
BHGE wins contract for recovery of flare gas at Iraqi oilfields BHGE wins contract for recovery of flare gas at Iraqi oilfields

Baker Hughes, a GE company (BHGE), has been awarded a contract by the South Gas Company of Iraq (SGC) to help in the recovery of flare gas for Nassiriya and Al Gharraf oilfields

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KUFPEC records highest production ever KUFPEC records highest production ever

Kuwait Foreign Petroleum Exploration Company (KUFPEC) has achieved the production of 100 mboepd at the beginning of 2018 and raised production up to 119 mboepd in July 2018, recording the highest production rate since establishing the company in 1981

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BiSN deploys sealing solution in Azerbaijan, achieves double first BiSN deploys sealing solution in Azerbaijan, achieves double first

BiSN, the global provider of metal-to-metal downhole sealing solutions, has achieved a double first with the deployment of its sealing solution in Azerbaijan

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DME sets new open interest record of 71.5 mmbbl of crude oil DME sets new open interest record of 71.5 mmbbl of crude oil

Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has reported a new exchange-wide open interest record of 71,586 lots on 31 July 2018, which is equivalent to almost 71.5 mmbbl of crude oil

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Saudi Arabia cut July production Saudi Arabia cut July production

Saudi Arabia's oil production amounted to 10.290 mmbbl per day in July 2018, down about 200,000 bpd from June 2018, despite the pledge of the top OPEC producer to ramp up output during the 174th meeting of the OPEC Conference in Vienna on 23 June

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DEEPS to explore Lebanon’s oil and gas potential DEEPS to explore Lebanon’s oil and gas potential

A new specialised oil and gas services company, DEEPS, has opened an office in Lebanon, aiming to explore oil and gas potential in the region

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DNO passes production target at Peshkabir oil field DNO passes production target at Peshkabir oil field

DNO ASA, the Norwegian oil and gas operator, has announced that a fourth well has been put on production at the Peshkabir field in the Kurdistan region of Iraq

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SNC-Lavalin signs Al Zour Refinery contract in Kuwait SNC-Lavalin signs Al Zour Refinery contract in Kuwait

SNC-Lavalin has signed a US$180mn contract with Kuwait Integrated Petroleum Industries Company (KIPIC) to provide management support services at the Al Zour Refinery in Kuwait

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Nexans wins cable contract for Oman’s petrochemical complex Nexans wins cable contract for Oman’s petrochemical complex

Nexans, a global provider of advanced cabling and connectivity solutions, has received a major contract by France’s Rexel to supply lead-free HYPRON® cables for Oman’s US$4.5bn Liwa Plastics Industries Complex (LPIC) project

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Oil reserves decreased 0.2 per cent in 2017: Eni Oil reserves decreased 0.2 per cent in 2017: Eni

In 2017, oil reserves decreased slightly (-0.2 per cent) mainly due to reduction in some OPEC countries, according to Eni’s 17th edition of the 'World Oil, Gas and Renewables Review,' the annual statistics report on oil, natural gas and renewables sources

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McDermott wins EPC contract for CB&I storage tanks in Saudi Arabia McDermott wins EPC contract for CB&I storage tanks in Saudi Arabia

McDermott International Inc has been awarded a contract from Samsung Engineering Saudi Arabia Company Ltd for engineering, procurement and construction (EPC) of CB&I storage tanks for the Jubail United Petrochemical Company (JUPC) ethylene oxide (EO)/ethylene glycol (EG) plant no three at Jubail

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The future of the Gulf’s downstream industry The future of the Gulf's downstream industry

The Abu Dhabi International Downstream (ADID) Summit advisory meeting saw expert participants share their thoughts on the Gulf's downstream industry and the challenges that lie ahead. The full article has been published in the latest issue of Oil Review Middle East

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Leveraging technology for remote worker training Leveraging technology for remote worker training

What separates a good company and a great company? Often, great companies have a strong identity and a strong business culture. However, for oil and gas companies with remote workers and independent workers, that can be hard to achieve. The answer may be in the cloud. The full article has been published in the latest issue of Oil Review Africa

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Saudi Arabia’s Zahid Group acquires German solar PV firm Saudi Arabia's Zahid Group acquires German solar PV firm

OMAS, a wholly-owned subsidiary of Saudi Arabian conglomerate Zahid Group, has acquired a 50 per cent share in Greencells Group, a German provider for solar photovoltaic (PV) power plants

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