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24th september 2017
DME auctions 21.6mn crude oil barrels DME auctions 21.6mn crude oil barrels

Dubai Mercantile Exchange (DME), the international energy futures and commodities exchange in the Middle East, has concluded its latest Basrah Light auction on 20 September 2017, on behalf of Iraq's National Oil Company, SOMO

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Sonatrach chief speaks for oil industry reforms in Algeria Sonatrach chief speaks for oil industry reforms in Algeria

Abdelmoumen Ould Kaddour, CEO of Sonatrach, has stated that the country is required to upgrade its oil and gas industry laws in order to attract international investors

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Weatherford introduces V0-qualified retrievable barrier for high-Pressure, high-temperature wellbores Weatherford introduces V0-qualified retrievable barrier for high-Pressure, high-temperature wellbores

Weatherford International has launched ISO extreme retrievable well barrier, which is qualified to ISO 14310 V0 standards for gas-tight isolation and set on electric line, slickline, tubing or coiled tubing (CT) to temporarily isolate the well

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KROHNE introduces new large line size coriolis mass flow meters for oil and gas industry KROHNE introduces new large line size coriolis mass flow meters for oil and gas industry

The process measuring technology provider KROHNE has introduced new large line sizes for its OPTIMASS series, aiming to achieve continuous and repeatable mass flow or density measurement in a wide range of gas fractions and complex flow conditions

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Oil to average in the US$50s a barrel in 2018 Oil to average in the US$50s a barrel in 2018

The average price for Brent crude oil in 2018 will remain in the range of US$50s per barrel, according to Gulf Intelligence's recent industry survey which was conducted across the Middle East and Asia

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Sadara starts full commercial operations of its chemical complex in Jubail Sadara starts full commercial operations of its chemical complex in Jubail

Saudi Arabia-based Sadara Chemical Company has announced the commercial start-up of its toluene di isocyanate (TDI) facility, noting that the production of commercial quantities of TDI marks the full commercial operation of all facilities in the complex

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Improving outlook for oil prices Improving outlook for oil prices

Oil prices rose after the International Energy Agency (IEA) said in its monthly oil market report for September that global oil demand grew "very strongly" year-on-year in the second quarter this year, which prompted the IEA to revise up its growth estimate to 1.6mn bpd for this year

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Synectics wins multiple surveillance contracts in the Middle East Synectics wins multiple surveillance contracts in the Middle East

Surveillance solutions business Synectics has received multiple contracts for onshore and offshore oil and gas developments, which will be spanning across Egypt, Saudi Arabia, the UAE and Iran

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Basra conference to discuss the opportunities available in the region in oil and gas sector Basra conference to discuss the opportunities available in the region in oil and gas sector

Ahead of the international Basra Oil, Gas & Infrastructure Conference 2017, to be held from 30-31 October 2017, Ali Shadad Al Fares, chairman of the oil & gas committee at the Basra council, has highlighted the importance of the conference in accommodating the upcoming projects that plays major role in rebuilding Iraq

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SABIC inaugurates PP pilot plant in the Netherlands SABIC inaugurates PP pilot plant in the Netherlands

SABIC, Saudi Arabia's diversified manufacturing company, has inaugurated a new polypropylene (PP) pilot plant in Geleen, the Netherlands, and announced that it will further invest in building a state-of-the-art PP extrusion facility at the same location

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Weatherford introduces AutoTong system for increased operational efficiency Weatherford introduces AutoTong system for increased operational efficiency

Weatherford International plc has introduced the AutoTong system, an automated pipe makeup and connection evaluation system that aims to enhance consistency, efficiency, safety and life-of-well integrity

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Baker Hughes receives deal for Egypt's Zohr gas field Baker Hughes receives deal for Egypt's Zohr gas field

Baker Hughes (BHGE), a GE company, has received a subsea contract from Petrobel for phase two development of the Zohr Gas Field which is located in the Mediterranean Sea offshore Egypt

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TITAN signs contract with ALFAHIM’s EMC for UAE Operationshttp://oilreview.me/images/TITAN_2.jpg TITAN signs contract with ALFAHIM's EMC for UAE Operations

TITAN Spezialfahrzeugbau GmbH, the global manufacturer of heavy duty and special purpose vehicle, has signed a contract with Al Fahim's Emirates Motor Company (EMC) to represent their products and services in the UAE market

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Schlumberger announces DELFI cognitive E&P environment Schlumberger announces DELFI cognitive E&P environment

Schlumberger has unveiled the new DELFI cognitive E&P environment, which aims to enable collaboration across exploration and production (E&P) teams and leverage the full potential of all available data and science to optimise E&P assets

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PDO signs US$253mn contracts to boost Omani supply chain PDO signs US$253mn contracts to boost Omani supply chain

Petroleum Development Oman (PDO) has agreed two deals worth US$253.1mn to Omanise the provision of vital equipment for the oil and gas industry

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DNV GL’s recommendations to fight cyber threats in oil and gas DNV GL's recommendations to fight cyber threats in oil and gas

DNV GL's new DNVGL-RP-G108 cyber security aims to help the operators, system integrators and vendors to manage and prevent emerging cyber threat in the oil and gas industry, which is caused due to the increased digitalisation in the sector across the world

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Bahri reinforces leading role in oil logistics with a 40-strong VLCC fleet Bahri reinforces leading role in oil logistics with a 40-strong VLCC fleet

'Rimthan' is the fourth Very Large Crude-oil Carrier to join the Bahri fleet this year

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Dowdupont to split into three companies after merger completed Dowdupont to split into three companies after merger completed

Dow Chemical Company and DuPont have completed the merger of equals, naming the combined entity as DowDuPont which will be operating with three divisions such as agriculture, materials science and specialty products

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Gazprom Signs LNG deal with Ghana Gazprom Signs LNG deal with Ghana

Russian gas company Gazprom has signed a contract with Ghana National Petroleum Corporation (GNPC) to supply liquefied natural gas (LNG) for a 12 year

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Economic slowdown affects GCC’s fuel consumption: Apicorp Economic slowdown affects GCC's fuel consumption: Apicorp

An economic slowdown coupled with energy reforms has adversely affected domestic fuel consumption growth across most of the GCC, and in some cases led to negative growth, according to a recent study by Apicorp Energy Research

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Abu Dhabi Ports recognised for security management; receives ISO 28000 certification Abu Dhabi Ports recognised for security management; receives ISO 28000 certification

Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, in addition to Fujairah Terminals at the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD), has been accredited with the ISO 28000:2007 certificate of Security Management System for Supply Chain by global certification provider, Lloyds Register Quality Assurance (LRQA)

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