Search results

Posted inEnergy Transition

Natural gas: Reliable and affordable fuel for sustainable recovery

by Dr. Amin Shokri, Energy Analyst, Gas Market Analysis Department, GECF

The key to the success of economic recovery plans is to integrate socio-economic factors such as job creation with climate change issues

Having access to clean, reliable, and affordable energy sources is essential to improving the welfare of societies. However, a significant portion of the global population doesn’t have access to electricity and clean cooking methods, and the pandemic has exascerbated the situation. Moreover, energy project delays and investment contraction during the pandemic add further risks to […]

Posted inProducts & Services

Petrobras, Shell and Strohm to bring TCP Flowline and Riser to Brazil’s Pre-salt

by Carla Sertin

The four-year award coincides with a large plant expansion which is well underway at Strohm’s premises in The Netherlands

Strohm has announced a game-changing joint industry programme (JIP) with Petrobras and Shell for its Thermoplastic Composite Pipe (TCP) Flowline and Riser technology. The contract, which Strohm values as sizeable, has the potential to revolutionise the deepwater flowline and riser market in Brazil and beyond with a corrosion-free solution that has a 30-year design life. It is the world’s most advanced programme to bring TCP Flowline and Risers offshore under actual field conditions.  The four-year award coincides with a large plant expansion which is well underway at Strohm’s premises in The Netherlands as part […]

Posted inPeople

Petrofac appoints Oman country manager

by Carla Sertin

Al Jahwari was most recently Shell’s General Manager of Operations in Egypt

Petrofac has appointed Dr Khalid Al Jahwari as Country Manager, Oman. Al Jahwari was most recently Shell’s General Manager of Operations in Egypt, having previously been Shell’s Global Production Excellence Leader, based in The Hague, Netherlands. Prior to Shell, he spent 15 years with Petroleum Development Oman (PDO), holding a number of key roles. He […]

Posted inProducts & Services

Current cybersecurity measures offshore are ‘out of step’: Study

by Carla Sertin

There are many real challenges in the way of true cybersecurity at deepwater drilling sites

Cyber defence expert Naval Dome and the offshore division of a supermajor have completed a joint project to identify and mitigate cyber risks common to offshore deepwater drilling rigs. Findings from the two-year project, culminating in the installation and pilot testing of Naval Dome’s Endpoint cyber defence system aboard drilling rigs in the Gulf of […]

Posted inDRILLING & PRODUCTION, Energy Transition

Global cooperation essential to address gas flaring

by Carla Sertin

Active participation of industry leaders along with the support from regulatory bodies in gas flaring countries would expedite the reduction of global gas flaring

The growing public awareness about global warming and climate change have catapulted world leaders to address gas flaring. Global platforms such as the UN are encouraging countries to set themselves targets to reduce and subsequently eliminate it from oil and gas operations. Industry consortiums such as IPIECA and OGCI are designing framework to decrease its […]

Posted inNews

Bahrain awards $3.4 billion of tenders in first half of 2021

by Carla Sertin

762 non-oil tenders valued at $1.6 billion issued in H1 as Kingdom continues to diversify economy

The value of tenders issued by Bahrain in the first half of 2021 has increased by 60% compared to H1 2020 as the country progresses with major projects across sectors, including infrastructure, transport, and construction. Bahrain awarded $3.4 billion worth of tenders in the first six months of the year, including 762 non-oil contracts worth […]

Posted inNews

Commodities weaken on dollar, virus and China growth concerns

by Ole Hansen, head of commodity strategy, Saxo Bank

The commodity sector suffered broad losses this past week with China-centric commodities leading the decline on concerns about growth in the top consuming nation. In addition, and from a short-term perspective, more worrying is the continued spread of the Delta coronavirus variant leading to temporary lockdowns and reduced mobility across some of the world’s major […]

Posted inProducts & Services

ADNOC signs $1 billion engineering framework agreements

by Carla Sertin

Agreements with 8 contractors cover concept and FEED for major ADNOC projects

The Abu Dhabi National Oil Company (ADNOC) has signed framework agreements for concept and front-end engineering design (FEED) services for major projects across its full value chain to support the delivery of its 2030 strategy. The framework agreements – which were signed with eight top-tier global engineering contractors – have a combined scope worth up […]

Posted inProducts & Services

ADNOC Logistics and Services acquires six line boats

by Carla Sertin

Six new-build vessels, designed and built in the UAE, and procured from Sharjah-based Albwardy Damen

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company, acquired six line boats to provide critical marine services across petroleum ports in Abu Dhabi. All six vessels are the Damen Stan Tug 1606 type, and were contracted directly from Sharjah-based Albwardy Damen, as part of […]

Posted inEnergy Transition, Products & Services

Wood sees growth in CCUS linked to decarbonisation imperative

by Carla Sertin

Wood has secured more than 20 individual CCUS related contracts since the beginning of the year to accelerate decarbonisation

Wood has strengthened its position across the Carbon Capture Utilisation and Storage (CCUS) value chain through a series of new wins in the first half of 2021. The company has secured more than 20 individual CCUS related contracts since the beginning of the year to accelerate decarbonisation and emissions reduction activities, as clients focus on […]