Oil and Gas News - January 2025

In this issue

SABIC Technical Meeting 2025

BIG & EFFICIENT: NEW BAHRAIN REFINERY TO BOOST ECONOMY

Seven tips for more effective, efficient plant turnarounds

BIG & EFFICIENT: NEW BAHRAIN REFINERY TO BOOST ECONOMY

From a concept in 2015 to finally being brought online on December 18, 2024, the Bapco Modernization Project (BMP) will bring value to the Kingdom of Bahrain through increased monetising of its oil and gas resources, in an efficient manner.

2 mins

SABIC EXPO TO SPOTLIGHT PETCHEM ADVANCEMENTS

The SABIC Technical Meeting and Conference 2025 brings together global firms to showcase cutting-edge technologies, foster partnerships, and explore innovations shaping the future of the petrochemical industry

3 mins

SABIC's vision for a greener and more sustainable future

SABIC is pioneering sustainability with circular solutions, carbon neutrality, and community engagement, setting new standards for environmental responsibility and innovation in the global chemicals industry

5 mins

SABIC's Jubail home testament to innovation & sustainability

The human-centric design ethos has resulted in a building replete with features that enhance the experience for the thousands of employees based in Jubail and the local community

4 mins

Seven tips for more effective, efficient plant turnarounds

Effective plant turnarounds rely on early planning, supplier engagement, training, prefabrication, and quality control to ensure efficiency, reduce costs, and enhance long-term system reliability, Mike Aughenbaugh tells OGN

4 mins

Half a century of Bilfinger's impact in the Middle East

Bilfinger celebrated 50 years in the Middle East, highlighting growth in diverse sectors, commitment to sustainability, and a strong focus on decarbonisation and localised solutions for the region's energy markets, Christian Rugland tells OGN

6 mins

GCC chemical industry needs to adopt innovation, sustainability

Since the challenges of sustainability and innovation cannot be faced by the GCC alone, there is growing recognition of the need for collaboration across industries, governments, and international borders

2 mins

Petchem should focus on efficiency as growth slows

Aggreko advises petrochemical firms to focus on improving efficiency and energy resilience to navigate slowing sector growth and address challenges such as rising energy costs and shifting market conditions

2 mins

Localising graphene-enriched carbon fibre production in KSA

The groundbreaking venture establishes the Kingdom as a global leader in the production of the GIM GrapheneFibre, directly supporting the nation’s Vision 2030 objectives of fostering innovation and sustainability

2 mins

Aramco's iktva is shaping KSA's energy future

Saudi Arabia's localisation initiatives, led by Aramco's iktva programme, are transforming the energy sector, driving economic growth, job creation, and innovation, while positioning the Kingdom as a global energy hub by 2030

5 mins

Aramco boosts localisation with key energy projects

SAUDI Aramco is making significant strides towards localising key energy initiatives through a series of high-profile agreements and projects that span the spectrum of sustainability, carbon capture, and petrochemical expansion.

2 mins

Harnessing carbon: A catalyst for CO2 transformation

Carbon-based materials revolutionise CO2 conversion, offering sustainable pathways for reducing emissions and producing chemicals, as breakthroughs highlight electrocatalysis and thermocatalysis for scalable, efficient processes

4 mins

ewpartners invests in United Solar's project

EWPARTNERS, an international investment firm, has invested in United Solar Holding, a leading company in the energy transition sector.

1 min

Aramco partners on new carbon capture tech

ARAMCO has signed a collaboration agreement with Carbon Clean and Samsung E&A to demonstrate a new carbon capture technology.

1 min

Wood's Middle East contracts hit $920 million in 2024

WOOD, a global leader in consulting and engineering, has secured a record $920 million of strategic wins across the Middle East in 2024.

1 min

Europe's energy taxes are worsening industry woes

GOVERNMENTS hunting for ways to aid Europe's struggling industries should take aim at the continent's high energy taxes, which are eroding competitiveness, the head of Europe's electricity lobby told Reuters.

2 mins

EU Council calls for geothermal action plan

THE energy ministers in the EU Energy Council have approved conclusions on promoting geothermal energy, marking a pivotal moment for its development in Europe.

1 min

Promoting gender equality in S Africa's energy transition

A series of events held between November 12-15 in South Africa marked several strides forward in advancing gender equality in the Just Energy Transition.

1 min

AfDB invests $30m in AFC to boost climate action

THE African Development Bank (AfDB) has approved a $30 million equity investment in Africa Finance Corporation (AFC) to launch innovative \"green shares\" to fund climate action projects across Africa.

1 min

Afreximbank signs major hydropower project in DRC

AFRICAN Export-Import Bank (Afreximbank) has signed a project preparation facility financing agreement for its private-sector renewable energy project in the Democratic Republic of Congo (DRC).

1 min

Opec Fund approves $1bn in financing

THE Opec Fund for International Development (Opec Fund) approved nearly $1 billion in development financing in Q4 2024, including at its 190th Governing Board meeting in Vienna, with a large chunk allocated for Africa.

1 min

$29m solar project to boost Chad's energy access

THE African Development Bank Group has approved €28 million ($29 million) for the construction of solar power plants in Gassi and Lamadji, Chad, as part of its Desert to Power program.

1 min

Wärtsilä to power methanol-ready vessel

WÄRTSILÄ, a technology group, has been ordered to supply a complete propulsion package for a 38,000 DWT methanol-ready cement carrier vessel, one of the largest vessel of its type and the first with a methanol-ready notation.

1 min

AIQ will integrate Reservoir 360 with SLB software

AIQ, Abu Dhabi-based AI company, has partnered with global energy technology company SLB to integrate its Advanced Reservoir 360 (AR360) solution with SLB's Petrel software as a plug-in.

1 min

SBTi updating plans for O&G, other sectors to cut emissions

TO tackle emissions in high-impact industries and align with its Corporate Net-Zero Standard, the Science Based Targets initiative (SBTi) is updating its terms of reference for three sector projects: oil and gas, chemicals and power.

5 mins

Anchored in excellence: Miros' milestones making waves

While 2024 has been a remarkable year with milestones and moments of pride, the company is looking ahead to driving innovation and success, Marius Five Aarset tells OGN

4 mins

Coal will be a central pillar of COP31, wherever it's held

In the shadows of COP29, two of the world’s most coal-dependent countries are still bidding to host the UN climate summit in 2026, offering what could be a unique moment to renew focus on coal, write climate analysts Christopher Wright and Ufuk Alparslan

5 mins

SFME to host expert workshops on energy resilience

THE Sustainability Forum Middle East (SFME), set to launch its third edition on January 28-29, in Bahrain, will feature expertled workshops to support businesses in launching or accelerating their net-zero journeys.

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.