The industry has made a return to high-impact exploration in ultra-deepwater and frontier basins after a period of focusing on low-risk, low-reward activity.
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Oil Minister highlights key Bahrain projects
Bahrain’s key hydrocarbon projects have attracted major investment from a variety of local and international banks.
Abu Dhabi to host largest oil & gas event fully dedicated to R&D
RDPETRO, formerly known as ADRAC, is expanded in 2018 to attract global innovators from within and outside the oil and gas industry, technology companies, start-ups and academia.
Kufpec scales back output target
Kufpec reduces its goal for oil production following recent price downturn.
ExxonMobil named 2017 ‘Explorer of the Year’ by World Oil and Gas Council
During the year, ExxonMobil announced a number of discoveries, acquisitions and other activities in various countries, including Brazil, Cyprus, Equatorial Guinea, Guyana, Mauritania, Papua New Guinea and Suriname.
Masdar, Statoil join forces to explore potential of battery storage solution
Under the terms of the agreement, the parties will purchase, test and install Batwind to investigate how the battery storage solution can be leveraged to improve the operational and cost efficiency of offshore wind farms.
New Wood Mackenzie report: Explorers primed for 2018, but caution likely to be key
Wood Mackenzie’s five themes to affect the sector in 2018 are: fewer explorers focused on fewer plays; investment remaining supressed; big wells mainly in deepwater & frontiers; acreage reloading gaining pace; and long overdue move back to profitability.
Aramco team wins innovation awards at engineering geophysics conference in the UAE
Saudi Aramco received first place for a novel technology that relates to automatic near surface velocity and residual statics solutions from surface consistent analysis of refracted waves.
The year in review:Â Relative stability in 2017
As the year draws to a close, experts at Euro Petroleum Consultants, Colin Chapman and Ekaterina Kalinenko, consider some of the major trends that have shaped the Middle East region’s oil and gas industry during 2017
Cover story: Combining human and artificial intelligence: The new downstream perspective
By 2025, we will witness humans working with systems in a collaborative way in the downstream industry, using the frontiers of artificial intelligence, predicts Peter Terwiesch of ABB.