Features
Aramco meets ADIA, funds in IPO pitch

The meeting between Aramco and ADIA, one of the world’s biggest sovereign wealth funds, was separate to an investor roadshow in Abu DhabiSaudi Aramco’s executives met officials of Abu Dhabi Investment Authority (ADIA) to discuss a potential investment in the oil giant’s share sale that could raise as much as $25.6 billion, three sources familiar with the talks said.Aramco has strived to attract a major cornerstone or anchor investor for its IPO, which could be potentially the world’s biggest. It...

ME chemicals industry at a crossroads

The chemicals industry in the Middle East is calling for the adoption of the circular economy model...

In Brief

Algerian energy exports drop ALGIERS: Algeria’s oil and gas exports fell 12.52 per cent in the first...



EnerMech appoints Chris Brown as CEO

Global integrated mechanical and electrical services company EnerMech has announced the appointment of industry heavyweight Christian Brown as its new chief executive officer. A highly experienced, successful and well regarded business leader, Brown was previously CEO of global engineering and construction company, Kentz, where he successfully led the growth from a small AIM listed business to a $2.5 billion revenue FTSE 250 company before its sale and integration into SNC Lavalin in 2014. More...

PROJECT WATCH – KUWAIT

http://www.oilandgasnewsworldwide.com/source/36/11/images/Project-watch-KUWAIT.pdf...

Terra inspects flare stack

Terra Drone Indonesia, a group company of Japan-based Terra Drone Corporation, has conducted visual...

KIPIC - Al Zour LNG Import And Regasification Terminal

Name of Client  : KIPIC - Kuwait Integrated Petro-chemical Industries Company Estimated Budget...

Calendar of events

DECEMBER 20193-5 14th Annual GPCA ForumVenue: Madinat Jumeirah, Dubai, UAEContact: Jeffrey Briones...

Tenders

BAHRAINLong term agreement for five (5) years for the provision of catalyst handling services for...



Opec plus could extend oil supply reductions

Opec and its allies are likely to extend existing oil output cuts when they meet next month until mid-2020, with non-Opec oil producer Russia supporting Saudi Arabia’s push for stable oil prices amid the listing of state oil giant Saudi Aramco.The Organization of the Petroleum Exporting Countries meets on Dec. 5 at its headquarters in Vienna, followed by talks with a group of other oil producers, lead by Russia, known as Opec+. The current oil supply cuts run through to March 2020.On December 5...



Chevron CEO plans major cost cuts

Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the No. 2 US oil and gas company that would cut costs and streamline operations in a drive to boost profitability, according to people familiar with the matter.Wirth, who took over the company 21 months ago, intends to cut the company’s massive global upstream group into individual units, focusing on shale as well as liquefied natural gas and deepwater businesses, the sources said.Chevron has been among the strongest...



On a vigorous growth path

Sabic, the world’s third-largest chemical company with 33,000 employees in 50 countries, is looking to boost its own transparency, find synergies and drive growthA high-level committee of Saudi Basic Industries Corporation (Sabic) executives are working on a post-Aramco IPO (initial public offering) strategy, including possible acquisitions, as the kingdom proceeds with the critical stock market offering."I am very optimistic," Sabic Vice Chairman and CEO, Yousef Al Benyan, told a small...

AYTB celebrates its 40th anniversary in style

Al Yusr Industrial Contracting Company (AYTB), which recently celebrated its 40th anniversary with a...

DLPS products help protect the environment

DLPS has recently completed a project for Saudi Kayan Petrochemical Company to reduce the odours...

Al-Suwaidi set to lead market in shutdown, routine maintenance

Established in 1960 and headquartered in Jubail Industrial City, Al-Suwaidi is one of the leading...

BD Energy Systems - a leader in turnkey revamp solutions

BD Energy Systems, LLC, a world leader in plant revamps and modernisations, had a profitable 2018...

Haldor Topsoe is growing steadily in the market

As a technology licensor, catalyst supplier and service provider, the company has been growing its...

Schmidt plus Clemens makes its indelible mark in the region

Schmidt + Clemens, the Germany-based family-owned company that has made its mark in high-quality...

New footwear foam

Close collaboration with its partners in the value chain has enabled Sabic to build up a large bank...

‘It is always best to know what one’s team does’

AHMAD HUSSEIN, Regional Proposal Coordinator at Endress+Hauser, discusses how his team handles...

CCC boosts local content

The company has opened its new office in Al-Khobar with the participation of multiple industry...

Hi-Force offers versatile range

Hi-Force, a leading global manufacturer of high pressure hydraulic tools, offers a range of...

Darvico expands Jubail facility

The company is taking the lead to install, for the first time in the Middle East, a boiler facility...

Rope access remains a unique innovation - Ingress Group

Over the last two hundred years, buildings have become taller and the man-made world has created a...

Showcasing market-facing solutions at Feiplastic

The company’s state-of-the-art booth reflected Sabic’s market-focused and customer-dedicated...

Sabic opens caps, closures centre

Polymers developed specifically for applications in this sector help enable, for example, lighter...

Sabic hosts first European LNP meet

Over 70 delegates from customers in the Benelux region, Finland and the UK took in a series of talks...

First in industry to launch PC based on green feedstock

Sabic’s PC cradle-to-gate LCA study reveals potentially significant reductions in carbon footprint...

LNP ELCRIN iQ resin launched by Sabic

The resin is a drop-in solution for virgin PBT and other conventional PBT materials, making it...

Sabic addresses plastic waste management

Sabic, a global leader in the chemical industry, is to highlight its commitment to circular...

Novel solutions on show at Chinaplas

As industries actively seek solutions to adapt to these global megatrends, Sabic has adopted a...

750 delegates join China LNP summit

Sabic opened up the series of successful LNP customer events in Taiwan in December 2018. Since then...

HQ achieves carbon neutral status

The certification was awarded by South Pole – a Swiss sustainability expert that provides PAS2060...

Bengaluru summit focuses on LNP

Developments under the spotlight included LNP materials with superior impact and flow, high-heat...

Delivering dynamic sustainable solutions

Under the theme of ‘Making a World of Difference Together’, Sabic presented, in partnership with its...

Striving for an inclusive future

During the 10th anniversary celebration of the CPCIC, Sabic was awarded the Outstanding Contribution...




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