Features
Aramco plans to buy Sabic stake

The initial thinking is to buy the full stake owned by PIF, but if that fails Aramco could end up with a stake of more than 50 per centSaudi Aramco aims to buy a controlling stake in petrochemical maker Sabic, possibly taking the entire 70 per cent stake owned by Saudi Arabia’s sovereign wealth fund, two sources familiar with the matter told Reuters.Late last week Aramco confirmed a Reuters report that it was working on a possible purchase of a 'strategic stake' in Saudi Basic Industries Corp (...

In Brief

Adnoc awards 3D surveyABU DHABI: The Abu Dhabi National Oil Company (Adnoc) has awarded contracts...

Tupras cuts Iran crude purchases

Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the...



World’s oil cushion could be stretched

The world’s oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency said.The expected drop in Iranian crude exports this year due to renewed US sanctions, coupled with a decline in Venezuela’s production and outages in Libya, Canada and the North Sea have driven oil prices to their highest since 2014 in recent weeks.Opec and other key producers including Russia responded to the tightness by...



Oilfield giants miss forecasts

Oilfield service giants Schlumberger and General Electric Co’s Baker Hughes missed second quarter revenue forecasts as slow international growth offset record production in the United States that boosted domestic demand for their services.The Houston-based companies were the first among their peers to report earnings, putting them under scrutiny from analysts seeking clues about the health of the industry. Schlumberger, the world’s largest oilfield services firm, is viewed a as bellwether for...

Wren House set to buy NSMP

The British infrastructure arm of Kuwait’s sovereign wealth fund has agreed to buy oil and gas...

GE set to beat EPS forecasts

General Electric reported a smaller-than-expected drop in profit, but cut a key financial target...



IEC 60079-19: What is it and its impact on end-user

IEC 60079-19 lays down the general principles of repair, overhaul, reclamation, alteration and modification that are common to all explosion-protected equipment, with additional clauses to provide instructions relevant to specific types of protectionIn order to make the management of hazardous areas safer, the standards and regulations for explosive atmospheres have been constantly updated. The IEC 60079 series of standards establishes the requirements for classification, design and repair of...

Pump field services vital to maintaining reliability

Maintenance, repair and rerating work is preferably completed during planned shutdown periods, but...

Weir’s SPM QEM 3000 frac pump ‘a gold standard’

Whatever conditions an operator is running legacy pumps in today, the SPM QEM 3000 can run in...

Ramco agrees $10m per year contract with Equinor

Ramco’s services in Norway have proven safety, cost and time benefits to operations, including...



FPSO sector gains strength with oil price recovery

Both operators and contractors have worked to drive costs down. There appears to be stronger collaboration at an earlier stage of the contracting time line, with an increased number of exclusive Feed awards to improve design efficiencyIt goes without saying that the sharp fall in the oil price at the end of 2014 has had a brutal impact on the offshore oil and gas industry. The FPSO market has not been immune from the market downturn and consequently suffered from a very low level of new orders...

Nigeria welcomes Total’s FPSO vessel from South Korea

The vessel is now berthed at the privately owned West African free zone and logistics hub Lagos Deep...

New rules to fast track Brazil FPSO deployment

Among countries globally, Brazil continues to lead with 27 planned and announced FPSO additions by...



i-Tech receives inspection classification approval

UWILD is required to ensure the structural and operational integrity of a marine asset whilst on location. i-Tech Services’ inspection division performs these tasks using the latest ROV imaging, cleaning, and tooling technologiesi-Tech Services, a Subsea 7 company, has further strengthened its Underwater Inspection in Lieu of Drydocking (UWILD) capability with certification to deliver to guidelines set by American Bureau of Shipping, DNV-GL, Bureau Veritas and Lloyds Register.UWILD is required...

Cyberhawk does UAV inspections for Dubai Petroleum

Using UAVs as a scanning tool, the high-quality reports produced by the Cyberhawk team allowed the...

Bureau Veritas expands its operations in Saudi Arabia

The firm, which has a very strong presence in the Middle East with 19 operational offices/labs in 14...

The Underwater Centre signs major trials contract

With a focus on the growing demand for pipeline maintenance in offshore oil and gas fields, Kawasaki...



BG Engineering gears up with Pentag buy

From its beginnings in 1988, BG Engineering has become one of the region’s leading CNC machining companies, with sophisticated equipment and more than 30 staffBG Engineering, a leading subcontractor for precision machined components, has acquired Pentag Gears and Oilfield Equipment Ltd, a designer and manufacturer of high quality gearing.The acquisition forms part of BG Engineering’s strategic growth plans and will enable it to extend its range of machining services to existing customers and...

Forum expands European in-country operations

Designed and built in-house at Forum’s Kirkbymoorside facility in Yorkshire, the XLe Spirit is the...

Byrne continues to expand across the region

The company’s corporate ambition is to continuously add products to its portfolio to further enable...



PDO continues EOR thrust

The company is currently operating a range of commercial-scale EOR projects, including chemical EOR, miscible gas injection and thermal applications, which accounted for 10 per cent of the sultanate’s average oil productionPetroleum Development Oman (PDO), the nation’s largest oil and gas producer, plans to invest $20 billion until 2021 to sustain its oil and gas production over the long term, including by boosting the number of enhanced oil recovery (EOR) projects, the company says.It is...

Oman’s oil and gas fields key to the sultanate’s future

Lekhwair is one of PDO’s largest fields with its oils mostly of 37.8[degrees] API from Lower...

Oilfield-produced water output to exceed 1m cumd

Under a new strategy adopted by the majority government-owned operator, an increasing share of this...

Sipchem bullish about the petchem market outlook

The company’s manufacturing business has also seen a significant shift through the manufacture of...

PDO embarks on campaign to cut plastic waste

As one of the largest companies in Oman, PDO is responding to the challenge by rolling out a ban on...

Alkhorayef plans to expand its global footprint

The company has been providing electrical submersible pump systems for the oil and gas sector and to...

Oman to host world’s largest heavy oil congress

Co-hosted with Petroleum Development Oman (PDO) and under the auspices of the Ministry of Oil & Gas...

PDO announces ‘significant’ new gas find in Oman

In total, five wells have recently been drilled in the field and all have encountered gas. One is...

Miraah Solar Plant displays innovative solutions

The first four blocks were commissioned successfully and the facility is now in daily operation...



PEOPLE - Xodus appoints new engineering lead

International energy consultancy Xodus Group has appointed Dr Tao Zhao as its new advanced engineering lead.With over 15 years’ experience in subsea pipeline and riser design and analysis, Dr Zhao joins Xodus from Heerema Marine Contractors. Throughout his career, he has provided a range of analysis for offshore contractor and engineering consultants in both Thailand and the UK.Dr Zhao said: 'I am pleased to be joining a company with such a strong reputation for engineering and thinking outside...

Project Watch Saudi Arabia

Link: Project Watch Saudi Arabia...

COMPANY NEWS - Arkad signs deal with Apicorp

Arkad, a leading Saudi engineering and construction company, announced that it has signed a facility...

Saudi Aramco - MGS Expansion (MGSE)

Name of Client Saudi Aramco - Saudi Arabian Oil CompanyBudget $4.05 billionFacility...

Calendar of events

Oil & Gas News provides you with a line-up of trade events to keep you abreast of what’s...

Oil & Gas News brings you the latest tenders available in the Gulf region.

BAHRAINPurchase of fuel oil pump Tender no: RFQ/Bapco/2018-355Description: Purchase of fuel oil pump...




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