Oil and Gas News - November 2024

In this issue

ADIPEC 2024 Navigating Energy Challenges

Summits will unite leaders to find sustainable solutions

MERYT invests big in GCC's sustainable energy future

ADIPEC: LEADERS SET TO TAKE ON TOUGH CHALLENGES

As the 40th edition of ADIPEC draws near, anticipation mounts for its groundbreaking focus on the interplay between artificial intelligence (AI) and the energy sector.

2 mins

Clean energy growing at an unprecedented rate

The Demand for energy services is rising rapidly, led by emerging and developing economies, but the continued progress of transitions means that, by the end of the decade, the global economy can continue to grow without using additional amounts of oil, natural gas or coal, say an analysis by the International Energy Agency (IEA).

1 min

EXPLORING ROLE OF FINANCE, AI IN ENERGY TRANSITION

The spotlight at this year's event will be Al's transformative role in achieving a just energy transition, alongside discussions on the disparity between capital flows and the investment necessary for a fair and equitable transition

5 mins

Summits will unite leaders to find sustainable solutions

THE ADIPEC Conferences seek to advance tangible action and demonstrate collaborative industry progress, emphasizing the need for an economy-wide transformation for people, planet, and our collective prosperity.

3 mins

Building on a 40-year legacy of energy leadership

As the energy industry looks to the future, the challenge will be to harness the potential of emerging technologies while addressing the pressing need for decarbonisation; and ADIPEC provides an opportunity for industry leaders to explore these themes and collaborate on solutions

4 mins

Record 5,977 technical submissions received

The two submission categories that saw the biggest increases were Energy Transition and Decarbonisation, and Al and Digital Transformation, with 38 per cent and 32 per cent jumps, respectively

2 mins

ADIPEC 'offsets' carbon emissions of 2023 edition

ADIPEC has moved forward on its sustainability journey by reporting its 2023 carbon emissions to the United Nations Framework Convention on Climate Change (UNFCCC) and offsetting some of its 2023 edition emissions through the UNFCCC Carbon Offset Platform.

2 mins

Yokogawa's AI solutions spur industrial automation

The company’s innovative Al-driven technologies enhance plant control, boost productivity, and support sustainability, positioning it as a leader in the transition toward industrial autonomy across various sectors, Norinao Sato tells OGN

5 mins

MERYT invests big in GCC's sustainable energy future

The company is targeting strategic partnerships to enhance energy efficiency and sustainability in the Middle East, aiming for significant investments in the energy sector, Dr Meritxell Vila-Fontes tells OGN

4 mins

Hybrid digital solutions: The best of both worlds

Digital transformation in downstream energy is essential for operational efficiency and market adaptability, requiring Lummus Digital's hybrid approach that combines industry expertise with advanced data science to overcome legacy challenges and enhance performance, Ujjal Mukherjee, Chief Technology Officer, Lummus Technology, tells OGN

4 mins

Maximising unconventional drilling efforts in Mideast

With growing interest in unconventional wells in the Middle East, eliminating downhole vibrations is crucial for achieving faster drilling speeds and lowering operating costs which benefits oilfield service companies and operators, Robert Borne tells OGN

5 mins

Effective PPE, detection can help reduce risks in O&G

Enhancing safety in the oil and gas industry requires strategic investments in PPE, hazard detection, and employee training to mitigate risks and improve workplace productivity and safety outcomes, according to MSA Safety

5 mins

Can cellular glass insulation solve common LNG challenges?

While identifying challenges early in LNG facility design enhances safety and longevity, cellular glass insulation effectively reduces fire risks, moisture, and noise while supporting storage tanks without compromising thermal performance

5 mins

Advancing circular economy: Characterising pyrolysis oils

Innovative recycling solutions are essential for effectively addressing plastic waste challenges and enhancing the quality of pyrolysis oil for sustainable ethylene production, Deepak Sharma tells OGN

4 mins

New deal to optimise AI asset ops, maintenance at Adnoc

GECKO Robotics and Al Masaood Energy have signed a multi-year contract with Adnoc Gas that will see the latter deploy Gecko’s industry-leading robots and AI-powered data platform across Adnoc Gas sites.

2 mins

Adaptive gas lift system boosts oil production, optimisation

IN the ever-evolving landscape of oil production, efficiency is paramount.

2 mins

Vital tech trends optimising wellsite ops in Middle East

A suite of technologies tailored for the region brings forward automated solutions for the wellsite and clean tunnel perforating systems that can significantly reduce opex, Patrick McKeever and John Creighton tell OGN

4 mins

Nabors at ADIPEC: Showcasing Mideast drilling transformation

Nabors is transforming drilling operations in the Middle East with solutions that digitalise, automate and lower the carbon footprint of drilling operations

4 mins

Temperature detection in hydrocracking process

Endress+Hauser’s temperature solutions offer high-precision monitoring capabilities that help refineries optimise process efficiency, extend catalyst life, and manage operational challenges, Michele Pietroni tells OGN

4 mins

Sulzer leads way in GCC with carbon capture innovations

Sulzer's advancements in carbon capture and process solutions position it as a leader in the GCC’s sustainable energy transition, Sunil Srinivasan and Khalil Sharara tell OGN

5 mins

Innovar offers cost-effective, wellbore and BOP cleaning

Innovar Solutions revolutionises wellbore cleaning and fishing operations with advanced magnet technology and innovative tools, significantly reducing costly non-productive time and enhancing operational efficiency for oil and gas operators, Qamar uz Zaman tells OGN

2 mins

JCV successfully holds truck solutions expo in Abha

JUFFALI Commercial Vehicles recently celebrated the success of its Truck Solutions Exhibition in Abha.

1 min

EIM launches Bestune SUVs for KSA energy professionals

The robust vehicles are tailored for Saudi Arabia’s oil and gas professionals, combining durability, performance, and exceptional customer service to meet demanding industry needs

2 mins

Steam turbines drive energy efficiency in oil industry shift

The oil and gas industry's challenges are accelerating the adoption of energy-efficient technologies, with steam turbines playing a key role in optimising steam balance and utilisation for enhanced sustainability and reduced emissions

4 mins

Measurement, standardisation role crucial in green hydrogen

As green hydrogen emerges as a cornerstone for low-carbon energy, precise measurement and standardisation are vital for driving investment, fostering innovation, and achieving global net-zero targets by 2030, Frank Janssens tells OGN

4 mins

Using commercial diplomacy to drive decarbonisation

By addressing the regulatory, technological, financial, and societal aspects of methane emissions, stakeholders can move toward meaningful progress in decarbonisation and a more sustainable future, Aida Araissi tells OGN

4 mins

Key to sustainability: Adapt fast, innovate constantly

Prioritising both immediate operational needs and long-term environmental responsibilities can help pave the way toward a resilient, sustainable energy future, says Johan Helberg, Head of Sales, Aggreko, Africa

2 mins

Role of robotics in improving construction site safety in O&G

Saudi Aramco researchers Rashid Alrashid, Mahmoud Elzayat, Abdulazez Alshammari explore the use of three robotic machineries in the construction of onshore and offshore hydrocarbon facilities

2 mins

AI can bridge circular economy & environmental responsibility

As technology evolves, the potential to meet circular economy goals becomes more attainable, but widespread adoption and collaboration across all sectors will be key to realising a sustainable future, JD Ambati tells OGN

4 mins

Can museums inspire action against climate change?

By weaving climate action into their core mission, museums can help to foster a culture of sustainability and responsibility that resonates far beyond their walls, creating a ripple effect that can create global influence

4 mins

Ocean light pollution has been invisible for too long

Scientists increasingly understand the damage done by artificial light and action is needed now, says Thomas Davies of the Global Ocean Artificial Light at Night Network

4 mins

Forbes names Nasser as sustainability leader

FORBES Middle East has recognised Amin Nasser, President & CEO, Saudi Aramco amongst the region's leaders for sustainability.

1 min

Oman to mine critical silica for renewables

MINERALS Development Oman (MDO) has signed a mining concession agreement with the Ministry of Energy and Minerals (MEM), allowing MDO to explore and develop strategic minerals in concession area 51F, located in the Al Wusta Governorate.

1 min

Adnoc boosts stake in Fertiglobe to 86.2pc

ADNOC has completed its acquisition of OCI Global's 50 per cent + 1 shareholding in Fertiglobe, increasing its share in the company to 86.2 per cent.

2 mins

Acciona secures $326m green loan for GCC

ACCIONA, a leader in sustainable infrastructure and renewable energy, has secured €300 million ($326 million) in sustainable financing to fund key projects in the Gulf Cooperation Council (GCC) area.

1 min

Germany offers support to 15 firms that cut emissions

GERMANY has awarded support guarantees to 15 companies under the Climate Contracts for Difference (CCfD) scheme, which aims to put the country's industry sector on track towards climate neutrality, according to Clean Energy Wire.

2 mins

Renewables jobs hit record 16.2 million in 2023

THE Renewable Energy and Jobs – Annual Review 2024 by the International Renewable Energy Agency (IRENA) and the International Labour Organisation (ILO) reported the highest ever increase in renewable energy jobs in 2023, from 13.7 million in 2022 to 16.2 million.

2 mins

First SMR projects selected by European Industrial Alliance

THE European Commission (EC) has launched an Industrial Alliance for Small and Medium-Range Nuclear Power (SMRs) to facilitate their development in Europe by the early 2030s, reported World Nuclear News.

2 mins

Nigeria signs gas supply deal for $3.5bn petrochemical plant

NIGERIA took a major step in its quest to earn revenue from its vast gas reserves, signing a deal with joint venture partners to supply gas to aproposed $3.5 billion Brass fertilizer and petrochemical plant, an official said.

1 min

APPO chief urges African unity against EU carbon tax

DR Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organisation (APPO), delivered a powerful message at the AOW - Investing in African Energy conference, calling for a unified African front in the global energy landscape and warning against the detrimental effects of the European Union's planned carbon border adjustment mechanism (CBAM).

1 min

Africa's O&G growth offers logistics opportunities

THE African Export-Import Bank has signed a $162.9 million financing agreement with port infrastructure firm APD-Cameroon to support the construction of a $232.8 million port terminal in Douala in June 2024.

1 min

UNOC to develop East African Crude Oil Pipeline

THE Uganda National Oil Company (UNOC), in partnership with TotalEnergies, CNOOC, and the Tanzania Petroleum Development Corporation, is leading the development of the East African Crude Oil Pipeline (EACOP), a 1,443km infrastructure project linking Uganda's Tilenga and Kingfisher oilfields to Tanzania's Port of Tanga.

1 min

Angola to award 15 new concessions by year-end

THE National Oil, Gas & Biofuels Agency (ANPG) – Angola’s concession aire and regulator – announced that 15 new concessions will be awarded in Angola before the end of 2024.

2 mins

Rosatom accelerates African nuclear development

ROSATOM, Russia's state-owned nuclear corporation, is accelerating African nuclear development by supporting the construction of nuclear energy facilities, capacity building, mining activities, and regulatory support.

1 min

Adnoc Gas uses 3D printing for replacement parts

ADNOC Gas has developed a digital library of critical components for the energy industry, which can be manufactured on demand using advanced 3D printing technology.

1 min

Syensqo launches extrudable PPS for sustainable piping

SYENSQO has introduced Ryton PPS XE-5000NA, the first grade of an innovative extrudable polyphenylene sulfide (PPS) technology.

1 min

Aspen Technology launches Microgrid Management System

ASPEN Technology has introduced the AspenTech Microgrid Management System (MMS), a solution for heavy electrical power requirements in industries like refining, chemicals, and mining.

1 min

NSK tapered roller bearings selected for wind turbines

EUROPEAN wind turbine manufacturer NSK is set to use high-load-capacity tapered roller bearings in its 15 MW class offshore wind turbines.

1 min

Read all stories from {{magazineName}}

Oil and Gas News Magazine Description:

The definitive news source for the energy markets of the Middle East with a unique global perspective OGN provides authoritative information, OGN magazine is dedicated to deliver the latest news on industry developments in carbon and non-carbon sources of energy, contract information and support for business development strategies for companies concerned with the energy sector. The Platform provides authoritative information, business intelligence, country reports and quality analysis for covering all aspects of the upstream, midstream and downstream sectors across the Middle East Region.