Oil and Gas News - March 2025

In this issue

ENERGY SECTOR'S CONFIDENCE IN NET-ZERO GOALS PLUMMETS

Kingdom expands energy investments in Africa

STATS consolidates growth in pipeline insolation market

ENERGY SECTOR'S CONFIDENCE IN NET-ZERO GOALS PLUMMETS

Industry leaders warn against unstable policy, weak investment

2 mins

KSA BOOSTS DIVERSIFICATION AMID GLOBAL ENERGY SHIFT

Saudi Arabia has aggressively expanded its energy sector, embracing oil, gas, renewables, and nuclear power to diversify and align with Vision 2030 goals amidst global challenges

4 mins

KSA offers a 'blueprint' for global competitiveness

For investors seeking to be part of a dynamic and forward-thinking economy, Saudi Arabia offers a compelling proposition, one that promises growth, innovation, and unparalleled potential

4 mins

Kingdom expands energy investments in Africa

Saudi-Africa collaborations are expected to drive infrastructure development, enhance oil and gas production capacity and facilitate knowledge transfer between Saudi and African energy stakeholders

3 mins

Jafurah set to increase KSA gas production by 4bcfd

THE Jafurah Gas Field Development, the first phase of which began construction in the last quarter of 2022 and the second phase by the end of 2024, is considered of critical importance to Saudi Arabia to meet its growing domestic demand and the liquefied natural gas (LNG) export targets set by the Kingdom’s Ministry of Energy.

1 min

Packers Plus marks 25 years with new facility in Dammam

The state-of-the-art facility is poised to bolster regional energy solutions and foster sustainable development while contributing to the Kingdom's industrial and economic goals, Stuart Wilson and Kurt Keam tell OGN

3 mins

Innovative MFT enhances flowmeter accuracy

Multi-Frequency Technology compensates errors caused in Coriolis mass flowmeters by bubble and resonator effects in gas-liquid mixtures, ensuring precise density and flow measurements, Rodrigo Quintero Bejarano tells OGN

4 mins

Accelerating digitalisation and drilling automation in Mideast

Nabors Industries continues to lead in transforming drilling operations through automation and digitalisation with its SmartROS® rig automation system and RigCLOUD® digital platform

3 mins

Unpacking intrusion protection for O&G operators in region

By layering security solutions as part of a holistic approach, companies can safeguard their facilities in a reliable and cost-effective manner, while leaving the door open to future growth and expansion, Andrea Monteleone tells OGN

4 mins

Brady's new Dammam facility to localise labels production

BRADY Corporation HAS opened a new production facility in Dammam, Saudi Arabia.

1 min

STATS consolidates growth in pipeline insolation market

The company is now the first Saudi-dedicated hot tap, double-block and bleed isolation specialist, and holds the most extensive inventory of large-diameter pipeline isolation equipment in-country

2 mins

Hilal Technology addressing region's sustainability needs

The company is committed to helping organisations in the GCC region achieve their sustainability goals, and it believes that technology, combined with expertise and a strategic approach, is key to driving meaningful change

1 min

Cloud-based acoustic monitoring for optimised well operations

Interwell helps operators optimise coiled tubing rig-up with real-time pressure monitoring via cloud-enabled Iconic iDT, cutting rig time and reducing costs while enhancing safety and efficiency

1 min

Liberating your data: Why an industrial data fabric is key

Whether it's to optimise processes, increase efficiency, reduce emissions or design new processes, data is a key resource for asset-intensive companies for the foreseeable future, Craig Smith tells OGN

4 mins

Energy fund advances digital transformation

THE Arab Energy Fund, formerly known as APICORP, has implemented the Temenos Arrangement Architecture Consumer Lending and Facilities Lending solution by Systems Arabia.

1 min

YBA Kanoo drives regional innovation & localisation

The group showcased new equipment partnerships and innovations during an open day, while separately signed an agreement to advance local manufacturing efforts in alignment with Vision 2030 and sustainability goals

3 mins

Saudi AI pioneer nybl to drive innovation in O&G

SAUDI technological pioneer nybl has entered into a collaboration agreement with US-based global energy leader NOV to enhance the former’s offerings for the oil and gas industry.

1 min

ECG acquires MT Enterprises to expand industrial services

The combined expertise and resources of both companies will drive innovation and localisation and enhance service delivery, unlock new opportunities for growth and collaboration in Saudi Arabia and across the region

2 mins

Hilal Technology is a digital transformation leader

Hilal Technology’s presence at LEAP 2025 reinforced its position as a major player in the IT solutions industry, committed to empowering businesses with the technology and expertise they need to succeed in the digital age.

2 mins

Intelligent flowmeter market to reach $9.8bn by 2032

As industries seek to optimise operations, improve resource management, and ensure compliance with ever- stricter regulations, the intelligent flowmeter market is set to experience continued robust growth

5 mins

Malema launches the M-2300 Series High-Purity Inline Straight Tube ultrasonic flowmeter

MALEMA, part of PSG and Dover and a leading provider of flowmeter technologies for use in industrial and semiconductor applications, has launched the M-2300 Series High-Purity Inline Straight Tube Ultrasonic Flow Meter.

1 min

Emerson nextgen pneumatic valves offer higher flow rates

The latest AVENTICS Series XV release offers greater range with new flow rates, configurations, functionality, certifications and gives OEMs greater design flexibility

2 mins

Safeguarding workers from low H2S exposure

MSA Safety's ALTAIR io™ 4 Connected Gas Detector offers enhanced detection of low-concentration hydrogen sulphide, improving worker safety and ensuring compliance in industries like oil, gas, wastewater, and steel production

3 mins

Top utility developers in race for 500 MW Oman solar project

OMAN‘S Nama Power and Water Procurement Company (PWP) has announced that four utility majors - Abu Dhabi's Masdar; Saudi-based Acwa Power, French group EDF Renewables and Singaporean energy major Sembcorp Utilities - are in the race for the development of the 500 MW Ibri III Solar IPP.

1 min

Parsons snaps up $475m KSA, UAE contracts

PARSONS has announced that it had secured major contracts worth $475 million from the key markets of Saudi Arabia and UAE during the fourth quarter of 2024.

1 min

Masdar, TotalEnergies, EPointZero sign clean energy pact

MASDAR, TotalEnergies, and EPointZero have signed a Framework for Action (FFA) agreement to promote clean energy access in emerging markets and developing economies in Africa and Asia, including Africa and Asia.

1 min

Wood wins $120m EPC contract from Shell

JOHN Wood Group (Wood) has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) to onshore and offshore assets across the UK.

1 min

TotalEnergies, Air Liquide partner for green hydrogen

TOTALENERGIES and Air Liquide have signed agreements to develop two projects in the Netherlands to produce and deliver 45,000 tons of green hydrogen annually, aiming to reduce CO2 emissions from TotalEnergies' European refineries by up to 450,000 tons a year and contribute to European renewable energy targets in transport.

1 min

Shard Capital in $7bn deal for Egypt petchem complex

SHARD Capital Partners, in partnership with Royal Strategic Partners and Al-Qahtani Group, has signed a $7 billion framework agreement with Egypt's Ministry of Petroleum and Ministry of Investment for the development of a petrochemical complex in New Alamein City.

1 min

World Bank expands support to electrify rural Eswatini

THE Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) project in Eswatini, a country in southern Africa, is aiming to provide universal energy access by 2030.

1 min

Key investment to boost Congo's oil output

THE Republic of Congo is aiming to increase its oil production to 500,000 barrels per day by 2027 and expedite gas exploration and production.

1 min

Local content policies reshape African energy

AS Africa's energy sector expands, local content policies are crucial for job creation and value retention. Senegal and Mauritania are preparing to solidify their position as major hydrocarbons hubs in West Africa, with the aim of achieving a 50 per cent local content ratio by 2030.

1 min

Islamic finance boosts Africa's energy investments

AFRICA Finance Corporation (AFC) secured a $400 million Murabaha financing for Africa's energy sector, highlighting the growing role of Islamic finance in Africa's infrastructure development and the potential for deeper financial cooperation between Arab and African nations in the energy sector.

1 min

Seychelles faces challenges in waste management

SEYCHELLES, the smallest African archipelago, faces challenges in waste management due to its limited land area and vulnerability to environmental impacts.

1 min

Salunda integrates red zone monitoring on four Guyana rigs

SALUNDA, a leader in digitised solutions for safety critical industries, has partnered with Intellilift to provide automated location and control of critical equipment and personnel on four drilling rigs in Guyana.

1 min

Wartsila unveils engine to enhance renewables

WARTSILA has launched its next generation 46TS engine, designed to balance renewable energy, provide efficient baseload power, and run on sustainable fuels in the future.

1 min

WEG supplies integrated drives for UAE sustainability project

WEG, an electric motor, variable frequency drives, and gearbox manufacturer, will assist a major UAE oil and gas organisation in reducing its onshore operations' environmental footprint.

1 min

Regional event to tackle corrosion challenges

THE Oman Corrosion & Materials Innovation Summit 2025, hosted by the AMPP Oman Chapter and supported by leading global associations, will serve as a platform for industry leaders, researchers, and experts to collaborate, exchange knowledge, and present cutting-edge solutions to tackle corrosion challenges worldwide.

1 min

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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.