NEWS
Posted inNews

Saudi Aramco expands focus on emerging sectors and GHG emission reduction

by Carla Sertin

Company targets new investments in green hydrogen, sustainable tech solutions, digitalization and nonmetallic materials

Saudi Aramco plans to expand its focus on emerging sectors to drive private sector innovation and investment. During the Future Investment Initiative, it outlined potential projects in green hydrogen, sustainable technology solutions, advanced nonmetallic building materials and digitalization. The company is pursuing investment opportunities in projects that aim to reduce greenhouse gas (GHG) emissions, following […]

Posted inADIPEC

MSA Safety to showcase new connected safety solutions at ADIPEC

by Carla Sertin

MSA Safety will be in hall 7, at booth 7421 at ADIPEC 2021, from 15-18 November

MSA Safety, the global leader in the development, manufacture and supply of sophisticated  safety solutions that protect people and facility infrastructures, is exhibiting at this year’s ADIPEC event in Abu Dhabi from 15-18 November. Hosted by the Abu Dhabi National Oil Company (ADNOC), ADIPEC is the world’s most influential meeting place where oil, gas, and […]

Posted inEnergy Transition

Companies must step up and be accountable: COP26

by Carla Sertin

GRI engagements underline role of transparency in driving action

With the UN Climate Change Conference – COP26 – getting underway in Glasgow next week, GRI is urging all organizations to be open about their impacts on the planet, as transparency is an essential precursor for reaching global solutions to a global problem. GRI, as provider of the common language for companies to communicate their […]

Posted inExploration & Production

QatarEnergy enters offshore Atlantic exploration in Canada

by Carla Sertin

QatarEnergy signed an agreement with ExxonMobil Canada, marking its expansion in North America

QatarEnergy signed an agreement with ExxonMobil Canada to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to the agreement, QatarEnergy will hold a 40% participating interest in license EL 1165A, where […]

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 inExploration & Production

JADA backs Saudi Energy Technologies and Services Private Equity Group

by Carla Sertin

The new fund aims to create national leaders in energy and energy-related technologies

Jada Fund of Funds, wholly owned by the Public Investment Fund (PIF), has become the anchor investor of Saudi Arabia-based Energy Capital Group’s (ECG) new fund. The new fund has been formed with a merger between ECG and Cayan Holdings. ECG and Cayan Holdings led multiple private equity funds, which invested in regional & global […]

Posted inExploration & Production

Aramco Q3 net income rises to $30.4 billion

by Carla Sertin

The company's net income rose 158% year-on-year in Q3 2021

Aramco’s net income for Q3 2021 rose 158% year-on-year (yoy) to $30.4 billion and the company declared a dividend of $18.8 billion to be paid in the fourth quarter. The increase in net income was primarily the result of higher crude oil prices and volumes sold and stronger refining and chemicals margins in Q3, which […]

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 […]

Posted inOil & Gas Future Forum, Events

Join us at the virtual Oil & Gas Future Forum today!

by Carla Sertin

Experts will gather at 2PM GST to discuss some of the most vital topics impacting the future of the oil and gas sector

As the oil and gas industry continues to transform, we are bringing together experts from across the industry to discuss the future for upstream at the second edition of the Oil & Gas Future Forum. The forum is virtual and free to attend, and will comprise three panels starting at 2PM GST–join us to hear […]

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