The month-long run-up in commodity prices shows no sign of easing with the main engine continuing to be the global energy crisis and its direct impact on other sectors, not least the energy-intensive industrial metal sector. Shortages of fuel leading to record-high prices has forced reductions in metal production from China to Europe, thereby exacerbating […]
Author Archives: Carla Sertin
Posted inEvents
Video: The rising risk of Shadow OT
Watch our webinar on-demand on our website, free of charge!
Operational technology is increasingly coming into the cybersecurity spotlight, with OT and IT converging, it could represent a major risk for oil and gas companies with thousands and thousands of physical assets, many of which are connected. Many of those assets are back of mind, like old equipment still in the field, routers, and assets […]
Posted inNews
GCC cooperation integral to industrial sector growth
He explained that achieving comprehensive industrial development in the GCC states will reflect in enhanced production efficiencies and higher quality outputs
Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, expressed the UAE’s desire to deepen cooperation, coordination and knowledge exchange in support of the GCC’s economy, especially in the efforts to integrate advanced technology, innovation and 4IR technologies into its industrial sector. His Excellency Dr. Al Jaber also commended the cooperation […]
Posted inExploration & Production
Oil declines on expected stocks build in the US and China’s coal policy
Oil prices declined today as traders are pricing in an expected build in US crude oil stocks and China’s intent to lower coal prices
Traders are today pricing in the first bearish developments for the oil market in a while, the expected build in US crude stocks and China’s intent to normalize coal prices – which in turn will limit coal to oil switch for power generation. Prices are declining today and the depth of the dive will very […]
Posted inNews
One week left until the Oil & Gas Future Forum
As the oil and gas industry continues to transform, we are bringing together experts from across the industry to discuss the future for upstream at the second edition of the Oil & Gas Future Forum. The forum is virtual and free to attend, and will comprise three panels starting at 2PM GST on 27 October–join […]
Posted inExploration & Production
Oil rises further on energy supply tightness and arrival of cold weather
Oil prices continue their ascent as the global energy supply crunch intensifies and cold weather starts to add weight on the market
The global energy supply crunch and cold weather in the Northern Hemisphere are helping oil prices continue their stunning rally for yet another week. The crunch is not only limited to main fuels for electricity production such as gas and coal, but also extends to oil supply. While it is still unsure just how transitory […]
Posted inEnergy Transition
QatarEnergy and Shell to partner on UK hydrogen projects
QatarEnergy and Shell signed their first agreement surrounding hydrogen on the sidelines of the UK Global Investment Summit
QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the United Kingdom. The partners will target integrated and scalable opportunities in key sectors where hydrogen could help decarbonize, especially around industrial cluster development and also for the transport sector, with a focus on the London metropolitan […]
Posted inProducts & Services
National Marine Dredging Company reports $136.4 million net profit for 9M 2021
NMDC counted revenue of $1.46 billion for the nine months starting January 2021
National Marine Dredging Company (NMDC) reported a significant increase in net profit of $136.4 million (AED 501 million) for the nine months from January to September 2021. The profitable third quarter performance followed the integration of NMDC and National Petroleum Construction Company (NPCC) to become a regional leader in providing integrated oil & gas and […]
Posted inEnergy Transition
Dubai takes steps forward on energy circular economy
The Dubai Supreme Council of Energy has launched the Circular Economy Committee, which will bring public and private entities together to boost the circular economy
The Dubai Supreme Council of Energy launched the Circular Economy Committee, which aims to bring private and public entities together to push cleaner energy applications, according to a statement posted by UAE state news agency WAM. “We aim to develop and launch innovative tools and initiatives in collaboration with our strategic partners to promote the […]
Posted inProducts & Services
Petrofac: The real punishment will come from the Middle East
Jonathan Fisher QC writes that Petrofac's real punishment has been served in the Middle East, not in London
The recent fine imposed on Petrofac by a criminal court in London for corrupt dealings is intended to send a clear message to the business community. But the real punishment suffered by the company has been inflicted by the impact of its conduct on its commercial dealings. Instead of benignly acquiescing in the receipt of […]
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