Oil and Gas News - October 2024

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JAFURAH: GAME-CHANGER THE WORLD IS WATCHING

Taking bold steps in the fight against climate change

Petchem giant leads with groundbreaking innovation

Masdar grows globally with $1.4bn acquisition

ABU DHABI: The Abu Dhabi Future Energy Company (Masdar) is set to acquire Saeta Yield, a leading independent developer, owner and operator of renewable power assets, from Brookfield Renewable.

1 min

JAFURAH: GAME-CHANGER THE WORLD IS WATCHING

MANAMA: Aramco’s ambitious Jafurah shale gas project is positioning itself as a game-changer in the global energy landscape.

2 mins

THROUGH RESILIENCE SABIC OVERCOMES CHALLENGES

The chemicals major's commitment to sustainability and innovation drives its resilience, enabling the company to navigate market challenges effectively while achieving significant milestones in safety and operational efficiency in 2024

3 mins

Taking bold steps in the fight against climate change

SABIC is steadfast in its commitment to combat climate change, engaging in innovative partnerships and initiatives that drive sustainability across the globe.

2 mins

New Jubail HQ is a testament to innovation & sustainability

IN the heart of Jubail, a stunning architectural marvel stands as a symbol of SABIC’s 47-year legacy of innovation and commitment to sustainability.

2 mins

SABIC is pioneering solutions with global investments

The company's strategy focuses on integrating local partnerships and leveraging advanced technologies to meet the growing demands of various sectors, including energy, petrochemicals, automotive, construction, and healthcare

3 mins

SABIC drives sustainability with bold initiatives

As it continues to push the boundaries of science and technology, SABIC is demonstrating that sustainable business practices are not only viable but essential for long-term success

6 mins

Petchem giant leads with groundbreaking innovation

As the company continues to invest in transformative technologies and collaborative partnerships, it is poised to play a leading role in shaping the future of the petrochemical industry

2 mins

Improving productivity with digital twins in industrial water

As industrial producers experience the use of high-fidelity process models in water, a new world of optimisation opportunities open up from daily actions through to production planning and even evaluation of capital projects, Neil Davidson from Ecolab tells OGN

4 mins

SABIC-SENDAN: Strategic partners in localisation

By ensuring that industrial development benefits local enterprises, SENDAN contributes to a more self-sufficient and resilient economy, advancing Saudi Arabia's Vision 2030 for economic diversification and sustainable growth, Heon Jae Yim tells OGN

4 mins

Setting new standards in liquid transportation

AS Saudi Arabia’s leading provider of commercial vehicles and transport solutions, JuffaliTrucks continues to redefine industry standards with its wide range of high-performance products.

4 mins

JAL International: Pioneering Kingdom's industrial future

The company is a leader in KSA’s petrochemical, fertiliser, steel, mining, power and utility sectors and drives Vision 2030 through innovation, strategic partnerships, and comprehensive services, advancing technology, industry, and sustainability

4 mins

Advanced diagnostics reduce false alarms in flame detectors

Compared with traditional flame detection systems, companies have reported significant reductions in false alarms through artificial neural networks, leading to enhanced operational continuity and improved worker safety

4 mins

Ammonia emerges as a key fuel for sustainable shipping

In a report, Wartsila provides a roadmap for the future of sustainable fuels, identifying how the industry can more rapidly and affordably scale these fuels and achieve full decarbonisation by mid-century within the lifetime of just a single vessel

4 mins

Nitrogen puffing can prevent salt buildup in centrifuges

Salt settlement can impact the efficiency of centrifuge equipment. However, a viable solution to prevent this issue is nitrogen puffing, write Turki Alghamdi, Khaled Aljuhany and Pietro Scoppetta from Saudi Aramco in their research

4 mins

GCC non-metallic liner pipes market expands

THE oil and gas industry in the GCC is evolving with the increasing use of non-metallic materials in piping networks.

2 mins

Atlas enhances safety with third-party inspections

The company emphasises the importance of third-party inspections to ensure safety and compliance across various projects, adhering to rigorous international standards for quality and efficiency

1 min

Can ammonia hold the key to decarbonisation?

In the transition to a low-carbon economy, ammonia is rising to prominence as a potential chemical energy carrier, with significant advantages over hydrogen. Anton Tvelenev and Dr Juan Gomez Prado from at KBR Consulting, explore the potential of this molecule to fuel progress towards cleaner, greener energy

4 mins

Unlocking global solutions: The synergy of AI & sustainability

The convergence of AI and sustainability presents a powerful opportunity for businesses to lead the way in addressing climate change and other global challenges, Jonathan Ashton, Head of Marketing and Communications, KROHNE, tells OGN

4 mins

Lubricants to keep growing with bio and EV marking shift

The global lubricants market is poised for growth, driven by sustainability trends, regulatory changes, and rising demand for eco-friendly alternatives in automotive and industrial applications, Shriya Verma, Associate Consultant, Specialty Chemicals at ChemBizR, tells OGN

6 mins

Global report calls for urgent mitigation, climate adaptation

Science and technology alone are not enough to address global challenges such as climate change, and we must embrace diverse knowledge, experiences and perspectives to co-create solutions together, says Celeste Saulo, WMO Secretary-General

2 mins

Rising flaring calls for change and sustainable solutions

The WB’s report on gas flaring serves as a glaring reminder of the work that lies ahead, but also as a call to action to accelerate efforts towards a more sustainable and efficient energy future, says Hesham El Shamy, Head of Oil Gas Aggreko AMEA

4 mins

KSA takes key steps to build first nuclear plant

SAUDI Arabia has completed the essential administrative preparations related to regulatory framework for the first nuclear power plant of the kingdom and the requirements for implementing the Comprehensive Safeguards Agreement, reported the Saudi Gazette citing the kingdom's energy minister.

1 min

Middle East's renewable investments to hit $75bn

THE Middle East is on course to take $75.63 billion of investment in renewable energy projects through to 2030, according to a new report released by the Energy Industries Council, one of the world's largest energy trade associations for companies supplying goods and services to the energy industries worldwide.

1 min

Saipem lands $2bn offshore Marjan deal

SAIPEM, a leading engineering and construction company, said it has been awarded a new offshore contract worth $2 billion, under the existing LongTerm Agreement (LTA) with Aramco, for the development of the Marjan field in Saudi Arabia.

1 min

SABIC to sell its Alba shares to Ma'aden

SABIC has announced the signing of an agreement with Saudi Arabian Mining Company (Ma'aden) for the sale of its 20.62 per cent shareholding in Aluminum Bahrain (Alba).

1 min

Ambitious climate action could grow Europe's economy 2pc by 2040

AGORA Energiewende's study suggests that investing in cleantech, net-zero infrastructure, and building renovations could boost the EU economy by around 2 per cent by 2040.

1 min

DOE initiative saves $22bn in buildings energy use

THE US Department of Energy (DOE) has released the \"2024 Better Buildings Initiative Progress Report,\" highlighting the achievements of its Better Buildings public and private sector partners in decarbonising and increasing energy efficiency in the nation's buildings, manufacturing plants, and homes.

1 min

Researcher calls for European 'Carbon Central Bank'

EUROPE should establish a so-called “Carbon Central Bank” – an institution to oversee a market mechanism to remove carbon emissions from the atmosphere – to reach climate targets, Ottmar Edenhofer, Director at the research institutes MCC and PIK, proposed.

1 min

Mitsubishi and ExxonMobil sign hydrogen deal

MITSUBISHI and ExxonMobil have signed a Project Framework Agreement for Mitsubishi's participation in ExxonMobil's Baytown, Texas facility, which is expected to produce virtually carbonfree hydrogen with 98 per cent CO2 removal and lowcarbon ammonia.

1 min

ANPG and Sonangol launch Kwanza Basin campaign

ANGOLA'S National Oil, Gas & Biofuels Agency (ANPG) and national oil company Sonangol have launched a 45-day geological data acquisition campaign in the onshore Kwanza Basin to identify the country's largely unexplored hydrocarbon potential.

1 min

ROC is advancing energy with Congo LNG

THE Republic of the Congo (ROC) is making significant strides in its energy sector, with the successful start-up of its Congo LNG development and Moho Nord field expansion project.

1 min

Fossil fuels revenue loss could cost Africa: Paper

IN a recent commentary, Dr Oramah, President and Chair of Afreximbank presented a nuanced view on the urgent need for climate action in Africa while acknowledging the continent's reliance on fossil fuels.

1 min

Namibia's O&G sector is Africa's next big play

NAMIBIA, a nation known for its stunning landscapes and abundant wildlife, is rapidly emerging as a top destination for oil and gas exploration and investment.

1 min

Sanicro 35 alloy offers strong structural stability

ALLEIMA has introduced Sanicro® 35, a super austenitic alloy that bridges the gap between conventional stainless steels and higher-cost nickel alloys.

1 min

Honeywell, Samsung E&A to reduce power plant emissions

HONEYWELL and Samsung E&A have announced a joint marketing initiative to reduce carbon emissions in the global power plant sector. The initiative aims to combat climate change and align Honeywell's portfolio with three megatrends, including the energy transition.

1 min

MHI upgrades its CO2MPACT series

MITSUBISHI Heavy Industries (MHI) has renewed its CO2MPACT series, a commercially available decarbonisation solution for various industries.

1 min

Viking Completion finishes gas project in Germany

VIKING Completion Technology, a leading supplier of well completion equipment and services, has completed a significant gas storage project in Germany.

1 min

New EPIC Flex Orbit System boosts downhole completion

GEODYNAMICS, a global leader in perforating, downhole completion, intervention, and wireline conveyed solutions, has launched its EPIC Flex Orbit Perforating System.

1 min

MAINTCON to drive resilience in asset management

THE 7th International Maintenance, Reliability, and Asset Management Conference (MAINTCON 2024), being held from October 13-16 at Exhibition World Bahrain, is set to be a landmark event in the industry.

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.