Products & Services
Posted inProducts & Services

Intertek wins Tatweer Petroleum contract

by Carla Sertin

Intertek will assist Tatweer Petroleum in validating the specifications, value, and safety of raw materials, products and assets

Intertek has been awarded a contract by Tatweer Petroleum for the provision of quality assurance solutions in Bahrain. Intertek will provide a ‘factory-to-field’ inspection and quality assurance programme assisting Tatweer Petroleum in validating the specifications, value, and safety of raw materials, products and assets. It will also verify the quality and compliance of products and […]

Posted inProducts & Services

Bureau Veritas wins three-year multiservice contract for six North Sea assets

by Carla Sertin

The work scope for BV begins in January 2022 for a period of three years

Bureau Veritas (BV), a world leader in testing, inspection, and certification, has been awarded a three-year contract by Ithaca Energy to deliver verification (including remote) certification and classification services, and environmental verification and audit services for six assets in the UK North Sea. Under the terms of the contract, BV will deploy its industry-leading digitalised […]

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Posted inProducts & Services

281% jump in investment in Saudi Arabia’s industrial sector: Knight Frank

by Carla Sertin

The industrial sector has managed exceptional expansion in Saudi Arabia despite market conditions

Despite the headwinds to global economic growth as a result of the pandemic, the industrial sector stands out due to its exceptional expansion, according to the H1 Saudi Arabia Industrial Market Review by global property consultant, Knight Frank. Faisal Durrani, Partner – Head of Middle East Research, Knight Frank, explained: “The government’s transformational vision for […]

Posted inProducts & Services

Mit-PFN Energy Co. and PGS to develop AI solutions for subsurface structure analysis

by Carla Sertin

PGS will contribute seismic data from its global MultiClient data library along with technical expertise. and Mit-PFN Energy Co. will lead the AI algorithmic development

Mit-PFN Energy Co. and PGS have signed a Memorandum of Understanding (MoU) to jointly develop and commercialize Artificial Intelligence (AI) driven solutions to image subsurface structures. Analysis of subsurface images is required across the energy sector including oil and gas, carbon capture and storage, as well as in areas of the renewable energy sector, such […]

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National Marine Dredging Company reports $136.4 million net profit for 9M 2021

by Carla Sertin

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 inProducts & Services

Petrofac: The real punishment will come from the Middle East

by Jonathan Fisher QC

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 […]

Posted inProducts & Services

Tech-enabled asset management holds key for oil & gas upstream industry

by Carla Sertin

Even though this involves  some risk, tech-savvy businesses understand that today's investment can shower massive returns in the future

The upstream oil & gas industry is investing heavily in search for new reserves or resource plays, new extraction technologies, and advancements in operational automation. Even though this involves  some risk, tech-savvy businesses understand that today’s investment can shower massive returns in the future. Regardless of the asset type, the need of the hour is […]

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