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The agreement signing. (Image source: QatarEnergy)

Exploration & Production

QatarEnergy, with its partners Shell and Sonangol E&P has signed an agreement with Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) to hold interests in Blocks 8 and 22 offshore the Republic of Angola

Under the agreement, and subject to the relevant governmental approvals and final contractual arrangements, QatarEnergy will hold a 30% working interest, while Shell (the operator) will hold 50%, and Sonangol will hold 20% in the two offshore blocks.

For QatarEnergy, the agreement marks another important step in advancing its ambitious international exploration strategy, with maximising value from upstream being one of its five key strategic pillars in its vision to be one of the best energy companies in the world.

QatarEnergy acquired a 40% stake in the North Rafah block, offshore Egypt in October 2025, following hard on the heels of the acquisition of a 27% participating interest in the North Cleopatra block offshore Egypt, operated by Shell. QatarEnergy has also acquired exploration licences in the Republic of Congo, Algeria and Namibia.

His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of QatarEnergy, said: “QatarEnergy is pleased to sign this agreement and to establish a presence in the energy sector of the Republic of Angola as part of our international upstream exploration strategy and growth efforts. We would like to thank the Angolan authorities, and our partners Shell and Sonangol, for their cooperation and support. We look forward to a longstanding and fruitful partnership.”

The agreement was signed in the Angolan capital Luanda on the sidelines of the Angola Oil & Gas Conference, where the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, highlighted the contribution of oil activity to the diversification of the economy and outlined the main lines of the Executive's vision for the sector.

ANPG formalised a series of offshore entries, risk-service contracts and other agreements with international oil companies at the show, advancing exploration across the Kwanza and Congo Basins.

Sonangol presentations emphasised the national oil company's contribution to boosting the market, attracting capital, and consolidating strategic partnerships.

Coverage across the materials supply chain. (Image source: Yokogawa)

Industry

Yokogawa Electric Corporation has entered into a distribution agreement with France-based BuyCo, a provider of a software as a service (SaaS) solution for the management of the transport of shipping containers

Under this agreement, Yokogawa will offer BuyCo’s Transportation Management System (TMS) to companies primarily in the materials industry, leveraging its extensive expertise in supporting manufacturing operations to optimise entire supply chains.

Complex supply chains

In recent years, the materials sector has had to contend with rising complexity in global supply chains, heightened geopolitical risks, and stricter environmental regulations, especially in the chemicals industry. Rising transportation costs and the need to manage and reduce greenhouse gas emissions and respond to fluctuations in demand have become key management concerns. However, in many cases, companies in these industries have not taken an integrated approach to optimise their production and logistics operations. This, combined with the need to comply with regulations on hazardous materials and handle diverse cargo types, has made it difficult to manage entire supply chains in an integrated and holistic fashion.

While Yokogawa has focused on supporting the automation and optimisation of operations at individual plants in the process industries, the company is expanding the scope of its support through consulting services and digital solutions that address challenges across end-to-end supply chains connecting multiple facilities. This agreement with BuyCo represents a major step in that direction, focused on container transport management.

In developing its container transport management platform, BuyCo makes use of its extensive experience in the maritime industry. This SaaS solution enables the centralised management of container transport data, supports shipment planning and booking, visualises shipping operations in real time, and facilitates information sharing among stakeholders. Based on cargo data, it assists in selecting shipping lines and transport routes and allows real-time door-to-door tracking.

By adopting this platform, companies can reduce logistics costs and inventory levels while improving their on-time delivery performance. It also helps mitigate the risk of cargo quality deterioration and contributes to the visualisation and reduction of the emissions of CO₂. Currently, over 12,000 users around the world rely on this platform.

Carl Lauron, the founder and CEO of BuyCo, commented, “We are delighted to augment the Yokogawa offering, enabling them to close the gap between production and logistics. With BuyCo's container shipping platform, manufacturers can optimise their entire supply chain, including the international transportation aspects. The partnership between Yokogawa and BuyCo enables manufacturers to impact transportation costs, effectiveness and sustainability.”

Naohisa Endo, a Yokogawa executive officer and head of the company’s Materials Business Headquarters, stated, “By leveraging BuyCo’s container transport management platform, we will strengthen initiatives to optimise supply chains for the materials industry. Building on our strengths in measuring and connecting, we aim to achieve integrated optimisation spanning everything from our customers’ production operations to international logistics. Looking ahead, we intend to evolve this into a comprehensive supply chain management solution that integrates demand forecasting, inventory optimisation, and more.”

The agreements will expand the chemicals ecosystem. (Image source: ADNOC)

Petrochemicals

TA’ZIZ, a joint venture between ADNOC and ADQ, has signed long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio, valued at US$28.5bn (AED104.6bn)

Signed at the Make it in the Emirates Forum, the agreements, valued at US$28.5bn, secure both global offtake and reliable local feedstocks, allowing for large-scale chemical production within the UAE and reinforcing TA’ZIZ’s role in building a fully integrated domestic chemicals ecosystem. The deals include sale agreements with ADNOC and Proman for methanol; Emirates Global Aluminium (EGA) for caustic soda; Mitsubishi Corporation for ethylene dichloride (EDC), vinyl chloride monomer (VCM) and caustic soda; Mitsui & Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for PVC, EDC and caustic soda; and Vinmar for EDC and polyvinyl chloride (PVC).

ADNOC Gas secured a 25-year feedstock agreement to supply natural gas to the TA'ZIZ methanol project valued at over $5 billion (AED18.4 billion). TA’ZIZ also agreed a 20 year salt supply agreement with Abu Dhabi based Sama Salt to support production at its PVC complex.

Mashal Saoud Al-Kindi, CEO of TA’ZIZ, said, “These long term agreements represent a defining milestone for TA’ZIZ and for the UAE’s industrial growth ambitions. By securing both global demand and reliable local feedstock, we are translating vision into delivery, anchoring world scale chemicals production, strengthening domestic value chains and creating enduring economic value, jobs and supply chain resilience for the UAE.”

Together, these agreements leverage local resources to secure a reliable and sustainable supply of critical raw materials, further strengthening domestic value chains and advancing the UAE’s industrial self sufficiency.

TA’ZIZ is a manufacturing, industrial services, logistics and utilities ecosystem that enables the production of transition fuels and new products across the chemicals value chain, supporting ADNOC’s ambition to become a top three global chemicals player as well as the UAE’s industrial development and economic diversification ambitions.

The TA’ZIZ Industrial Chemicals Zone is set to produce 4.7 million tonnes per annum (mtpa) of chemicals once construction is completed in 2028. This includes a 1 mtpa ammonia plant, a 1.8 mtpa methanol plant and 1.9 mtpa of marketable products from its integrated polyvinyl chloride (PVC) complex. The PVC complex, which produces PVC, ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda, will be one of the world’s top three largest single site PVC complexes.

Also at the Make it at the Emirates Forum, TA’ZIZ and Alpha Dhabi Holding announced a strategic collaboration agreement for around US$10 bn (AED36.7bn) in capital investment in new industrial chemicals in the TA’ZIZ industrial chemicals ecosystem in Al Ruwais Industrial City, Al Dhafra region of Abu Dhabi.

The partnership could produce up to 14 new chemicals, delivering around 2.2mn tonnes per annum (mtpa) of additional chemical capacity in the TA’ZIZ industrial chemicals ecosystem in Al Ruwais Industrial City. The new chemicals, which include styrene and polystyrenes, acrylic acid and derivates, polyols, MDI, epoxy resins and linear alpha-olefins, are based on domestic demand and could substitute key products currently imported into the UAE, while strengthening local supply chain resilience. The partnership supports the UAE’s national industrial priorities, including the Make it in the Emirates (MIITE) initiative and the country’s industrial strategy, by strengthening domestic manufacturing capability and advancing self-sufficiency in strategically important chemical products.

SLB's digital business is growing. (Image source: SLB)

Technology

As the oil and gas sector accelerates the deployment of AI and digital technologies to optimise operations, SLB has reported two collaborations as its digital business goes from strength to strength

SLB, which reported 18% revenue growth year on year for its digital division in its second quarter results, has announced that Chevron Technical Center, a division of Chevron, has joined the digital subsurface collaboration established by SLB and TotalEnergies in 2024, boosting capacity for the co-development of next generation digital technologies for reservoir engineering and geoscience.

As operators manage increasingly complex reservoirs and growing volumes of subsurface data, the collaboration, known as Arena, will focus on technologies that help improve decision-making across reservoir engineering and geoscience workflows. By embedding TotalEnergies and Chevron subject matter experts within SLB technology centres, the collaboration will shorten traditional feedback loops between operators and product development teams, bringing operational perspectives directly into technology development. This model progresses the delivery of scalable, open and extensible digital technologies.

Chevron will contribute investment, intellectual property and technical expertise to the collaboration, as well as its expertise in uncertainty analysis, optimisation and field development planning, that will help shape the roadmap for scalable digital subsurface technologies.

“This collaboration brings SLB’s digital and subsurface expertise together with operator knowledge to help develop technologies for reservoir engineering and geoscience,” said Rakesh Jaggi, president of SLB’s digital business. “Chevron adds valuable experience and perspectives that will help strengthen how we address complex subsurface workflows and field development decisions.”

“Chevron is working to advance digital capabilities to unlock greater value from our subsurface resources,” said Jitendra Kikani, Chevron vice president of Subsurface. “Through Arena, we are combining our world-class expertise in uncertainty analysis with digital technologies and AI-enabled workflows to improve decision quality, accelerate insights, and enhance operational efficiency.”

Optimising well construction

Meanwhile a 15-year agreement with TotalEnergies to use the DrillPlan well planning and engineering solutions will strengthen the digital collaboration between the two companies, supporting TotalEnergies’ transition to a digital planning environment. The collaboration will enabled subsurface insights to be connected with well planning and engineering workflows as operators move toward scalable, interoperable digital platforms to improve engineering and well construction execution.

The DrillPlan solutions will enable TotalEnergies to streamline well design and engineering activities by integrating offset well data, trajectory designs, casing and completion inputs, and planning assumptions used throughout the well construction process.

“Operators are increasingly looking for scalable technologies that can support more consistent planning decisions across large and diverse portfolios,” said Rakesh Jaggi, president of SLB’s Digital business.

“This agreement demonstrates how customers are moving toward digital solutions that improve consistency, strengthen collaboration and provide a foundation for future workflow innovation.”
Drawing on domain expertise from both companies, the environment is designed to connect workflows, integrate custom processes, scale across operations, and enable ongoing deployment of new digital technologies.

Competence is a must for high-risk tasks. (Image source: Adobe Stock)

Webinar

How do complacency and human factors contribute to workplace injuries, and how can you prevent complacency-related injuries and incidents?

That is the subject of a webinar hosted by HSE Review in association with SafeStart, to take place on Wednesday 1st April 2026 at 2pm GST, which will shine a light on the neuroscience behind competence, complacency and human factors.

Safety professionals have known for years that “complacency is a silent killer.” They have also suspected that complacency was a contributing factor in almost every unintentional injury or incident. Unfortunately, from a neuroscience perspective, it is impossible to stop people from becoming complacent once they are competent. And for high-risks tasks in particular, competence is a must.

Even more unfortunately, many (most) companies do not know what to do to help their employees deal with complacency, which leads to mind not on task/risk.

In this session, participants will:
• Understand the neuroscience behind complacency and why it cannot be eliminated once competence is achieved
• Recognise the two stages of the complacency continuum and how human factors impact critical decision-making
• Learn practical skills to prevent complacency-related injuries, including attentive habits, looking for risk patterns in others, analysing close calls and small errors to prevent agonising over large ones, and using self-triggering skills, to deal with rushing, frustration and fatigue which, when combined with complacency, can cause fatalities
• Explore how concepts such as fail-safe can help compensate for complacency leading to mind not on task.

Register for the webinar here

Our speaker is Larry Wilson, a pioneer in the area of Human Factors in safety. He has been a safety consultant for over 25 years and has worked on-site with hundreds of companies worldwide. Larry is the author of SafeStart, an advanced safety and performance awareness programme, successfully implemented in more than 4,500 companies in 75 countries, with more than five million people trained. He is the moderator of the SafeConnection expert panels series and has authored and co-authored a number of books, the latest being “25 Years of Original Thought-Innovations in Safety, Human Error and Performance”. Larry is also an active keynote speaker at health and safety conferences around the globe (32 countries so far).

Participants are guaranteed an hour of engaging and thought-provoking interactive discussion and debate and will take away the understanding, skills and strategies to help prevent complacency-related injuries and incidents.

So don’t delay, register for the webinar here

SafeStart Trainer Certification – Global Training Series

Following strong demand last year and impact across global markets, we’re also launching the SafeStart Trainer Certification – Global Training Series, starting with Dubai on 7–8 April 2026.

This is a practical, human factors–based certification designed to help organisations reduce incidents, strengthen decision-making, and improve overall safety performance, on and off the job.

Find out more information and register here:

the crisis and the increased focus on energy security are renewing interest in hydrogen and hydrogen-based fuels. (Image source: Adobe Stock)

Energy Transition

The conflict in the Middle East has disrupted global production and trade in hydrogen-based products such as fertilisers, fuels and industrial feedstocks, exposing vulnerabilities in supply chains, according to the latest edition of the IEA’s Global Hydrogen Review

The report finds that the crisis and the increased focus on energy security are renewing interest in hydrogen and hydrogen-based fuels, although low-emissions hydrogen remains at a relatively small scale.

Demand for hydrogen worldwide surpassed 100 million tonnes in 2025, according to the report, while production of low-emissions hydrogen grew by 20% to almost 1 million tonnes. However, persistent barriers including high costs, uncertain demand, complex regulations and a lack of infrastructure continue to slow the development of low-emissions hydrogen, putting 2030 targets announced by governments increasingly out of reach.

"The current crisis has highlighted how deeply economies around the world depend on trade in hydrogen-based products and the significant role of the Middle East in those supply chains," said IEA executive director Fatih Birol. "Countries are looking for ways to make their energy systems more resilient and diversified. Low-emissions hydrogen can play an important role in those efforts over time, but stronger policy support and much faster deployment will be needed before it can make a meaningful contribution at scale."

Fertiliser markets have been particularly affected by the conflict in the Middle East, which is home to around one-sixth of global hydrogen production, the majority dedicated to the production of chemicals, fertilisers and refined oil products. The region accounts for more than 10% of global refining capacity, ammonia and urea production, and close to 17% of methanol production.

The region makes up over one-quarter of global trade in ammonia, almost 40% of urea trade and almost 45% of methanol trade, and one-third of its refining capacity is export-oriented. The closure of the Strait of Hormuz has severely disrupted the supply of all these products. The production of hydrogen-based fuels outside the Middle East has also been affected, particularly in Asia, where countries are very dependent on natural gas imports from the Middle East.

Disruptions to production, exports and shipping routes have contributed to shortages and price volatility across global markets with the increase in fertiliser costs posing risks for food supply chains, especially in import-dependent agricultural economies.

Low-emissions hydrogen

Low-emissions hydrogen production grew by 20% in 2025 to reach almost 1 Mt and is set to exceed 1% of global hydrogen production for the first time, but progress is concentrated in a small number of projects. However investment momentum weakened in 2025, with delays to final investment decisions and a shrinking pipeline of projects highlighting the challenges facing the sector.

Despite continued policy support in some markets, low-emissions hydrogen and hydrogen-based products remain significantly more expensive than conventional alternatives in most markets. The pipeline of announced projects for producing low-emissions hydrogen by 2030 has shrunk by around a quarter since last year to 27 million tonnes due to delays and cancellations, and the number of projects likely to become operational by 2030 has fallen significantly.

Demand uncertainty remains a key constraint for scaling up low-emissions hydrogen development, with offtake agreements at low level. This is cited by developers as one of the largest barriers to investment.