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Robotic adoption is essential to future of oil and gas industry: Report

by Matthew Amlot

Robots in the energy industry are already essential, with their use likely to accelerate as the number of tasks that robots can perform continues to increase dramatically

Robotics will increasingly become essential for the oil and gas (O&G) industry with robot renting, also known as robots as a service (RaaS), likely to “revolutionise” the sector, according to data analytics firm GlobalData. The company’s latest report, titled ‘Robotics in Oil and Gas (2021) – Thematic Research’, found that robots have already been essential […]

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The uneven, uncertain future for energy

by Matthew Amlot

Shell Chief Energy Adviser Peter Wood explains to Oil & Gas Middle East the outlook for the energy industry's transition to renewables

The energy transition and the fight against climate change are big, bold ideas that have consistently been making their way up the table in terms of importance among policy makers, industry stakeholders, and the general public.  While industry leaders across the board are investing in climate action initiatives, disagreements persist around how to decarbonise effectively […]

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ITP Media Group to embrace new work week to align with global markets

by Staff Writer

Weekends for the media company’s employees will now be Saturday and Sunday, mirroring those of the UAE government and other ITP Media Group overseas offices

ITP Media Group has announced it will welcome the new working week of Monday to Friday being adopted by the UAE government from January 2022. Effective from January 3, all ITP Media Group’s UAE operations will embrace the historic decision, recognising the benefits contained within the announcement by the Federal Authority for Government Human Resources. […]

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Most oil and gas companies need stronger cybersecurity defence for IoT devices, report warns

by Matthew Amlot

Businesses reported the top IoT security threats were the mishandling or misuse of data by internal employees and external cyberattacks

The majority of oil and gas businesses face security challenges when deploying internet of things devices, research from Inmarsat found. The report, published Thursday and titled ‘Industrial IoT in the time of Covid-19’, found that 92 percent of oil and gas businesses believe their IoT projects could be more secure, while 58 percent also believe […]

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Saudi Arabia’s SPARK breaks ground on 277,000 square metre drilling site

by Matthew Amlot

Construction on the site is set to be completed by Q2 2023

King Salman Energy Park (SPARK) in Saudi Arabia announced that Aramco and Horizon Project Company broke ground on a 277,000 square metre drilling and workover site on Wednesday. Construction on the site is set to be completed by Q2 2023. “This is another significant venture by Aramco that will contribute to business continuity. We expect […]

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Saudi Arabia’s Aramco, India’s Larsen & Toubro announce collaboration on manufacturing

by Matthew Amlot

Construction is due to start on the facility imminently, with production expected to begin by Q3 2022

Saudi Arabian energy giant Aramco and Indian conglomerate Larsen & Toubro (L&T) announced Tuesday that the two firms would work to develop manufacturing capabilities in the Kingdom. The two companies signed a Memorandum of Understanding outlining how the collaboration would take place, with L&T’s efforts to establish the region’s first Heavy Wall Pressure Vessels facility […]

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UAE could export green hydrogen to Europe in future: EU official

by Matthew Amlot

The UAE is home to a large amount of potential solar power, which means that the potential for producing green, renewable hydrogen, is particularly high

The UAE has the capability to become an exporter of renewable hydrogen to Europe in the future, according to a top EU official. The UAE is home to a large amount of potential solar power, which means that the potential for producing green, renewable hydrogen, is particularly high. “What is important for us, in addition […]

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Almost half of Middle East oil and gas workers are considering leaving the energy industry: Report

by Matthew Amlot

Low salary ranked as the number one reason why workers in the region said they want to leave.

Nearly half of all energy workers in the Middle East are debating leaving the industry within the next five years, new research revealed. The global oil and gas industry has been upended over the past couple of years due to demand and supply issues caused by the Covid-19 pandemic. Now, issues may continue to plague […]

Posted inExploration & Production

US to release crude oil from strategic petroleum reserve

by Carla Sertin

US President Joe Biden will release 50 million barrels of crude oil from the nation's Strategic Petroleum Reserve

On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).   Wood Mackenzie vice president Ann-Louise Hittle said: “Of the release, 32 mbbl is a loan for delivery by end-April next year. The other 18 mbbl is a direct sale and […]

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India’s Reliance to reevaluate $15 billion deal with Saudi Aramco

by Matthew Amlôt

The sale had been in process since August 2019.

Saudi Arabian oil giant Saudi Aramco and Reliance, India’s largest petrochemical firm, have mutually agreed to reevaluate a $15 billion deal for Aramco to purchase a 20 percent stake in Reliance’s oil-to-chemical business. The sale had been announced in 2019, but progress has been slow. Oil prices crashed last year due to a huge demand […]

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