Author Archives: Carla Sertin
Posted inNews

Advanced digital technology holds key to meeting energy industry’s emissions targets

by Carla Sertin

Technologies exist to increase efficiencies, reduce emissions and capture carbon and should be utilised to support decarbonisation as we move towards the energy transition

Facing unprecedented demands to deliver wholesale decarbonisation of energy, the gas, LNG, hydrogen, and energy industry is increasingly turning to advanced digital technologies, such as artificial intelligence (AI), big data and robotics to future proof businesses and ensure they thrive in the drive to net-zero energy. At Gastech 2021, industry professionals have been examining how […]

Posted inProducts & Services

Petrofac wins EPCC contract in Bahrain

by Carla Sertin

It includes high pressure gas pipelines and fibre optic cabling

Petrofac has been awarded a new multi-million-dollar contract by Tatweer Petroleum to support their gas distribution network project in Bahrain. The Engineering, Procurement, Construction, and Commissioning (EPCC) scope of work includes high pressure gas pipelines and fibre optic cabling. The underground pipelines will run through sections onshore and offshore below the seabed in support of […]

Posted inExploration & Production

Oil strong and steady on US stocks draw and supply tightness

by Louise Dickson, senior oil markets analyst, Rystad Energy

Oil prices remain strong on the back of another sizeable draw of US crude stocks, while outages of some supply capacity are expected to last through the end of the year

Although not rising today, oil prices continue to thrive on the momentum of supply constraints in the US Gulf of Mexico, which was reflected in the large crude inventory draws report of last week. While oil production is slowly returning, there are still prolonged outages that may last into early next year, supporting a bullish […]

Posted inPartnership

HYTORC wins Good Design Award for LITHIUM SERIES II tool

by Carla Sertin

HYTORC, the most recognized manufacturer of industrial bolting systems in the world, has been honored with the coveted Good Design Award for its LITHIUM SERIES® II Electric Torque Tool. The prestigious Awards are presented annually by the Chicago Athenaeum Museum of Architecture and Design in cooperation with the European Centre for Architecture, Art, Design and […]

Posted inNews

Oil gets a boost on US stocks draw and supply tightness

by Louise Dickson, senior oil markets analyst, Rystad Energy

Oil prices rise on projections for a larger-than-thought draw of US stocks, amid an overall global supply tightness

The bullish September spin looks poised to continue to nurture higher oil prices above $75 in the very near term, supported by the forecasted super-size gasoline draw by API, as well as general supply tightness that is likely to persist in the short term. Oil prices are gaining today as the API inventory forecasts show […]

Posted inProducts & Services

Saudi Aramco and Saipem sign MoU to form engineering and construction entity

by Carla Sertin

The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program

Saipem and Saudi Aramco have signed a Memorandum of Understanding (MoU) aimed at exploring the possibility to establish a new entity in Saudi Arabia for the execution of engineering and construction activities in the industrial sector. The initiative was taken in the frame of the Saudi Aramco’s Nama’at Industrial Investment Program, focused on capacity building […]

Posted inExploration & Production, DRILLING & PRODUCTION

ADNOC Drilling to increase IPO to 11% of share capital

by Carla Sertin

The ADNOC Drilling IPO set to be largest-ever ADX listing

The Abu Dhabi National Oil Company (ADNOC) announced that it has increased the number of ordinary shares offered in the initial public offering (IPO) of ADNOC Drilling from 1,200,000,000 ordinary shares to 1,760,000,000 ordinary shares, which equates to 11% of ADNOC Drilling’s total issued share capital. Subject to completion of the IPO, ADNOC will continue […]

Posted inExploration & Production, DRILLING & PRODUCTION

ADNOC CEO: Natural gas pivotal to UAE economic growth for next 50 years

by Carla Sertin

H.E. Dr. Al Jaber noted LNG and broader gas markets globally are tightening, with demand outpacing supply

Natural gas is set to play a pivotal role in powering economic growth in the United Arab Emirates (UAE) over the next 50 years, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Delivering […]

Posted inProducts & Services

Artificial intelligence software to impact offshore asset inspections

by Carla Sertin

New inspection solution reduces human risk and improves speed and accuracy

The power of ground-breaking, artificial intelligence (AI) technology has been harnessed in a new real-time inspection solution, capable of autonomously detecting and categorising equipment anomalies. The Augmented Machine Vision Solution (AMVS) has been developed through a 12 month, AUD$288,600 partnership between Wood and NERA (National Energy Resources Australia) – the independent NFP, grant funded by […]

Posted inPartnership

How to harness the digital transformation in commodities and energy

by Carla Sertin

A report from Refinitiv and the Boston Consulting Group asks: As commodities and energy become more transparent and automated, what are the implications of this new digital transformation?

Commodities trading is changing as we know it. Due to the pace at which data is being processed, allowing more accessibility and insight as a result. A report from Refinitiv and the Boston Consulting Group asks: As commodities and energy become more transparent and automated, what are the implications of this new digital transformation? The […]

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