Search results

Posted inProducts & Services

Schlumberger and AVEVA to advance oil and gas digital solutions

by Carla Sertin

Industry leaders to integrate AVEVA PI System with Agora edge technologies and cloud-based production solutions enabled by the DELFI environment from Schlumberger

Schlumberger and AVEVA plan to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production. The companies will work together to streamline how energy operators acquire, process and action field data for enhanced wellsite efficiency and performance. Initial focus of the collaboration includes linking edge systems to applications in the […]

Posted inEnergy Transition

GCC producers may be better placed than oil and gas majors during energy transition

by Carla Sertin

NOCs and other government-owned players could have an easier time navigating the energy transition, S&P Global Ratings says

S&P Global Ratings thinks the Middle East’s national oil companies (NOCs) and state-owned players in the energy sector are better placed than most global peers to weather the increasing and accelerating impact of the energy transition, according to a new report. “Notably, we believe regional shareholder structures, benefiting from government ownership and the expectation of […]

Posted inPartnership

Bentley Infraweek for the Middle East and Turkey highlights the value of digital twins

by Carla Sertin

Thought leaders and experts from the energy sector who attended the recently concluded Bentley Infraweek for the Middle East and Turkey agree that digital twins bring significant value to their organizations, changing the way that they operate. The event was an sponsored by Bentley Systems, the infrastructure engineering software company, to share emerging technologies, products, […]

Posted inNews

APICORP launches its inaugural Green Bond Framework

by Carla Sertin

Paves the way to the issuance of a Green Bond in the near future as one of the first energy focused institutions in the world to do so

The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution focused on the energy sector in the MENA region, today announced that it has launched its inaugural Green Bond Framework (Framework). The Framework will serve as a means to raise Green Bonds/Sukuk which reinforce the institution’s commitment to projects that are aligned with its […]

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 inNews

Energy sector can turn to circular economy to boost value

by Carla Sertin

Against the backdrop of a growing population, increasing energy demand, and the heightened threat of climate change in the region, PwC Middle East details how private and public Energy, Utilities and Resources (EUR) players in the GCC can turn to circularity for long-term value

In a newly published paper titled ‘The rise of circularity: How the GCC is transforming from the inside for the outside’, PwC Middle East outlines the benefits of a circular economy in the region. With high consumption and heightened environmental threats, the ‘take-make-dispose’ industrial model is no longer sustainable for the GCC. As such, organisations […]

Posted inProducts & Services

Software AG helps automate OEE calculation with new app for Cumulocity IoT

by Carla Sertin

New app makes access to real-time Overall Equipment Effectiveness analytics available to companies of any size

Software AG has launched an app to automate Overall Equipment Effectiveness (OEE) calculation for its Cumulocity IoT platform. The new app will enable manufacturers of any size to collect and process key data as it’s created and quickly understand production effectiveness. By monitoring production line availability, performance and quality, organizations can be more responsive to […]

Posted inProducts & Services

Rockwell Automation completes acquisition of Plex Systems

by Carla Sertin

Transaction expands Rockwell’s cloud-native smart manufacturing offering

Rockwell Automation announced that it has completed the acquisition of Plex Systems, the leading cloud-native smart manufacturing platform.  Plex offers the only single-instance, multi-tenant Software-as-a-Service (SaaS) manufacturing platform operating at scale, including advanced manufacturing execution systems, quality, and supply chain management capabilities. It has over 700 customers and manages more than 8 billion transactions per […]

Posted inNews

Aramco joins partnership to support transition to sustainable fuels

by Carla Sertin

Aramco has today signed Memorandums of Understanding (MoU) with P1 Racing Fuels and WRC Promoter GmbH, the commercial rights owner of the FIA World Rally Championship (WRC), to support the global motorsport series in its purpose-driven transition towards sustainable motorsport and mobility. In line with Aramco’s focus on sustainability and low-carbon fuels, the Company is […]

Posted inEnergy Transition

Is the circular economy transition fast enough?

by Carla Sertin

Only 12.1% see digital technologies as a key driver of circular economy transformation

Recent survey by DNV and World Business Council for Sustainable Development (WBCSD) reveals that circular economy is rising on corporate agendas across geographies. Despite the growing attention in the public, among legislators and companies, the shift to ‘circular economy‘ business models that design waste out of the system seems to progress slowly.  “So far, growing […]