Tuesday 27 September 2016
 
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OTC will be a game-changer: Nasser

The region needs to focus on oil-to-chemicals (OTC) processes, so that it can eventually bypass the refining step and convert crude oil directly into petrochemicals, a sector which has tremendous potential for growth, said Amin H Nasser, Saudi Aramco President & CEO at the Middle East Pet

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Oil prices fall as hopes for a deal in Algiers fade

Crude oil futures fell on Tuesday as optimism faded for an output-limiting deal from an oil producer meeting in Algeria to curb one of the worst supply gluts in history. Hopes that Opec oil producers could clinch the deal at the September 26-28 informal meeting of Opec and other

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$100m petroleum storage terminal opens in HFZA

The Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF Zone) recently inaugurated a new $100 million petroleum storage terminal of Sharafco Group at Hamriyah Free Zone’s first phase. “Due to our excellent facilities and services, sev

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SaferTrident’s semi-autonomous vehicle for divers tested at Masdar

The Masdar Institute of Science and Technology, an independent research-driven university focused on advanced energy and sustainable technologies, and the UAE-based SaferTrident have successfully tested a made-in-the-UAE semi-autonomous vehicle (SAV) for divers. SaferTrident&rsqu

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Nuberg wins Egypt chemical plant contract

Nuberg, a leading engineering, procurement and construction (EPC) and turnkey project management company, has won a $20-million contract from TCI Sanmar Chemicals to set up a chemical plant in Port Said, Egypt. TCI Sanmar Chemicals is a part of the multinational conglomerate; The

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Honeywell UOP offers IIoT solution to improve plant performance

Honeywell UOP today introduced a new software-based service to the Middle East designed to allow refiners and petrochemical and gas processing plants in the region to improve their performance. With a strong focus on sustainability and productivity in line with the regional growt

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Algiers talks are consultative says Al-Falih

Saudi Arabia's Energy Minister Khalid Al-Falih said on Tuesday that talks among Opec and non-Opec oil producers in Algiers this week are consultative, casting doubt on the chances of any policy decision during the meeting. He also said he was optimistic about the oil market.

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GE Oil & Gas signs landmark deal with PDO

GE Oil & Gas has signed a landmark long-term, multi-million-dollar contract with Petroleum Development Oman for the provision of progressive cavity pump equipment (PCP) and related services commencing in the third quarter of 2016. This is aligned with PDO’s ‘In Co

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Upstream oil sector must transform: Aramco CEO

The global upstream oil and gas industry needs to move away from a “business as usual” approach and capitalise on opportunities to transform itself to be at the forefront of the world’s energy industry, Saudi Aramco CEO has said.   Amin H Nasser  was de

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Bahrain planning new oil and gas projects

Bahrain is continuing to develop its oil and gas reserves to increase production, despite the dip in oil prices, Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa was quoted as saying by the Gulf Daily News,our sister publication. To read further, please visit

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