Natural gas prices in Europe are likely to plummet further on lackluster demand from power generation and industry. This downward trend has led traders and industry officials to consider the possibility of day-ahead prices dipping below zero in some European markets during the summer, according to a report by Oilprice. According to the report, several […]
Industry Trends
Posted inDownstream
The only chemistry that matters for a sustainable future
If you are reading this article on your mobile phone, there is a good chance its casing is made from a material manufactured by SABIC, as is your computer screen. Perhaps your hand is resting on a mouse, which historically was made from virgin plastic, but thanks to us, is now manufactured from ocean-bound plastic. […]
Posted inExploration & Production
Iraq invites bids for 13 oil and gas projects
OPEC member Iraq has invited bids from multinational oil exploration firms to develop oil and gas sites as a part of its new licensing round, online news portal Zawya wrote in a report. The reported cited a statement from the Iraq’s Oil Minister Hayan Abdel Ghani, which was carried by the local press, on Tuesday. […]
Posted inBusiness
Unlocking the power of digital twins: A game-changer for oil and gas production
Digital twins are changing the game for the industry, providing a complete 360-degree replica of physical assets and enabling companies to optimise their operations and improve asset availability
Posted inNews
Saudi jobs: Aramco ‘significantly’ increasing hiring, job opportunities, says HR boss
In an exclusive interview with Oil & Gas Middle East, Aramco’s SVP of human resources Faisal A. Al-Hajji, discusses job opportunities for engineers, attracting Saudi talent, and more. Oil & Gas Middle East: As the company ramps up projects, will you have more job opportunities for engineers? Al-Hajji: As the company is guided by engineers, […]
Posted inEnergy Transition
Decarbonisation in the oilfield
Alternative power sources are anticipated to increase steadily in the next decade or two, while the electrification of the oil field continues to grow with the use of fuel cells, electric motors, and other technologies, such as batteries
Posted inPeople
‘Strong pipeline of projects’: Halliburton’s MENA head discusses continued growth in the Middle East
Lance Loeffler, SVP of Halliburton’s MENA region, says the company has “a direct line of sight to substantial activity growth and a strong pipeline of projects” in the Middle East
Posted inNews
ADIPEC: Emerson’s director of sustainability on driving innovation
Janka O’Brien, director of sustainability at Emerson Automation Solutions for the MEA region, talks about Emerson’s sustainability framework and fostering a culture with diverse perspectives to drive innovation.
Posted inNews
OPEC members reaffirm output cuts were unanimously agreed upon after US accuses Saudi Arabia of coercion
OPEC+ members issued statements early on Monday to defy US claims that “more than one” OPEC member had felt coerced by Saudi Arabia into the vote
Posted inEPC Contracts
Top 5 oil and gas contracts in the Middle East: September 2022
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region
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