KAUST in Saudi Arabia is working on custom AI algorithms for process control and optimisation, which will eventually help oil and gas firms with green hydrogen generation
offshore
Posted inNews
ADNOC Drilling acquires 2 new premium offshore rigs
The two new drilling units are being acquired from Well Target Five Limited and Well Target Six Limited , and will enter ADNOC Drilling’s fleet in Q3 2022
Posted inNews, DRILLING & PRODUCTION, Exploration & Production, People
Digital drilling
Oil & Gas Middle East sat down with Miguel Sanchez, vice president, international operations at Nabors, to discuss his firm’s growth in the Middle East
Can you explain Nabors’ relationship and history with the Middle East region? Nabors® has over 35 years of experience in the Middle East. We began operations in Saudi Arabia and Yemen in 1990. Since 1999, we have worked in countries including Algeria, Bahrain, Kuwait, Oman, Iraq, Kurdistan, Jordan, and Qatar. Nabors has an extensive and […]
Posted inNews, Products & Services
Motive Offshore, Hiretech to bring decommissioning technology to Middle East
The two firms will bring additional in-market offshore services support in the region
Marine and lifting equipment specialists Motive Offshore Group and subsea and decommissioning equipment rental specialists Hiretech Limited have announced that they will bring new technology to the Middle East. Motive, using its UAE hub and existing catalogue of subsea marine and lifting equipment services, will partner with Hiretech’s rental fleet of decommissioning and subsea technology […]
Posted inNews, Energy Transition
Global oil and gas investments to grow $26 billion in 2022: Report
In 2021, global oil and gas investments hit $602 billion, but in 2022 investments will rise to $628 billion
Oil and gas investments around the world are set to increase by $26 billion this year, a four percent increase from last year, as the industry continues its recovery from an unprecedented downturn caused by the Covid-19 pandemic, according to Rystad Energy. In 2021, global oil and gas investments hit $602 billion, but in 2022 […]
Posted inNews
PIF to transform major offshore oil rig into tourism and entertainment centre
The Public Investment Fund will host three hotels and many entertainment facilities on the former drilling platform
Saudi Arabia’s Public Investment Fund plans to launch The Rig, an entertainment and tourism project set on an offshore rig. The project will be located on the Arabian Gulf, spanning a total area of more than 150,000 square metres. It will include three hotels, world-class restaurants, helipads, and a range of extreme sports and aquatic […]
Posted inProducts & Services
Artificial intelligence software to impact offshore asset inspections
New inspection solution reduces human risk and improves speed and accuracy
The power of ground-breaking, artificial intelligence (AI) technology has been harnessed in a new real-time inspection solution, capable of autonomously detecting and categorising equipment anomalies. The Augmented Machine Vision Solution (AMVS) has been developed through a 12 month, AUD$288,600 partnership between Wood and NERA (National Energy Resources Australia) – the independent NFP, grant funded by […]
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