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January 1st, 1970

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LyondellBasell confirms preliminary talks to acquire Braskem

The potential combination of LyondellBasell's and Braskem's complementary strengths, product portfolios and operational footprints would create significant value for the shareholders, customers and employees.
 

Jacobs wins general engineering services contract from YASREF for refinery in Saudi Arabia

Jacobs will provide a range of services, from basic engineering to FEED, detailed design, procurement through to construction management, commissioning support and handover for a portfolio of YASREF's capital expenditure projects for the Yanbu refinery.
 

Halliburton’s UAE facilities become the first to get API Q2, ISO 9001, OHSAS 18001 certifications

Halliburton facilities are the first in the oil-services industry to receive the three registrations in the UAE, and the first among the company's facilities in the Middle East to achieve this standard of excellence.
 

New training programme at Pan American Energy raises drilling standards

As well as ensuring personnel were trained to deal with unexpected incidents outside of normal operations, PAE wanted to ensure the robust and rapid transfer of skills to its less experienced employees and standardise the same model among drilling crews.
 

SNC-Lavalin, Florexx sign agreement for advanced topping refinery in the UAE

The scope of the agreement between SNC-Lavalin and Florexx includes construction of a 100,000bpd capacity refinery complemented by non-process technical and non-technical buildings and support infrastructure.
 

Saudi Arabia's Al-Watania for Industries obtains three certifications from Intertek

The three certifications were awarded to WFI for successfully meeting the international standard requirements for implementing integrated quality, environmental and occupational health and safety management systems across its main office in Riyadh.
 

New survey: OPEC will augment oil supply in second half of 2018

In a poll conducted with 66 oil industry executives, market traders and analysts, one week ahead of a critical OPEC-non-OPEC meeting in Vienna, 46 of those polled said they expected the world's biggest oil exporters to raise output in Q3 and Q4 of 2018.
 

Saudi Aramco Technologies Company, Siluria Technologies collaborate to maximise chemical production

By integrating Siluria's technology with existing facilities, operators can upgrade their methane-containing by-product streams from fuel to chemical value, improving carbon efficiency and production rates.
 

MENA region’s oil supply performance boosts amid tense geopolitical environments, reports APICORP

The report notes the effect of a number of geopolitical issues leading up to the second quarter of 2014, when crude supply began to overtake total demand resulting in an imbalance that reached 1.5 million barrels per day in 2015.
 

SABIC announces 22% interim dividend for H1-2018 at $0.59 per share

SABIC issued a statement with the number of shares eligible for profit, 3,000,000,000 shares, while the distribution ratio to nominal value was 22%.
 

SAP, Endress+Hauser collaborate on IIoT solutions for process industry

The goal is to fully integrate the Endress+Hauser field instruments as digital twins into the SAP cloud platform. Both companies want to take advantage of the services and smart apps from SAP’s Leonardo system as well as Endress+Hauser's IIoT offering.
 

Topsoe family initiates search for financial minority investor in Haldor Topsoe

The Topsoe family and Haldor Topsoe have initiated a search process for a potential investor to accelerate growth. The intention is to list the shares in Haldor Topsoe at a later time. Haldor Topsoe Holding will remain the long-term majority shareholder.
 

NESR completes combination with Gulf Energy, National Petroleum Services

At $10 per share, NESR will have an aggregate market capitalisation following the business combination and completion of redemptions of approximately $1.1bn.
 

Rockwell Automation to make $1bn equity investment in PTC

As part of the partnership, Rockwell Automation will make a $1bn equity investment in PTC, and Rockwell Automation’s chairman and CEO, Blake Moret, will join PTC’s board of directors effective with the closing of the equity transaction.
 

ACHEMA 2018 opens with 3,737 exhibitors from 55 countries

Jürgen Nowicki, chair of the ACHEMA Exhibitors Committee, emphasised that international trade is not only essential for the exchange of products and services, but also innovations.
 

ENOC expands jet fuel operations in Nigeria, signs agreement with Raven Energy

Over the last five years, ENOC has established a strong presence in the aviation sector internationally with over 70% growth in its network, providing jet fuel to over 80 customers across airports in the Middle East, Africa, South East Asia and Europe.
 

SNC-Lavalin signs contract to deliver $1.5bn chlor-alkali/PVC plant in Oman

SNC-Lavalin will support the project long term, from concept development to commissioning, carrying out the initial engineering, master planning, process technology evaluation and selection to support project financial investment decision approvals.
 

Merger negotiations underway, confirm Sipchem and Sahara Petrochemicals

The press statements from Sipchem and Sahara confirmed that the discussions between the companies are still underway about the structure of the merger.
 

Sipchem unveils its 2nd sustainability report as per GRI Standards

The sustainability report covers Sipchem's initiatives in the environmental, social and economic areas.
 

SABIC expands portfolio of ULTEM UTF120 films at Power Conversion and Intelligent Motion Europe

These additions of 7µm and 10µm (micron) thicknesses to SABIC's portfolio of ULTEM UTF120 film respond to customers' requirements for film that can meet the voltage requirements of different capacitors and open the door for new design options.
 

Aramco focuses on technology at the American Association of Petroleum Geologists conference

A key highlight was Aramco's participation in the greatly anticipated inaugural presentation of a new forum called 'Super Basins', which will become a mainstay of the annual show and include follow-up papers in show publications.
 

Yokogawa unveils OpreX Profit-driven Operation solution to empower integrated plant performance management

The solution has already been optimised for oil refining and petrochemicals, and Yokogawa intends to expand its application to LNG and basic chemical plants in the near future.
 

Dow generates $120mn from 'valuing nature' projects, engages with 400,000 students in 2017

Dow will continue to drive science- and technology-based solutions for key global challenges such as marine debris, carbon emissions and water availability, collaborating alongside its customers, governments, NGOs and other important stakeholders.
 

INEOS considers Middle East location to build ENB plant

Ongoing ethylidene norbornene demand growth from both new and existing customers, in particular those producing EPDM rubber, will require new capacity to be commissioned early in the next decade.
 

Majority of oil and gas executives expect global M&A market to improve in 2019

According to the EY ‘Oil & Gas Global Capital Confidence Barometer’, oil and gas firms represent the highest deal-making appetite among all sectors surveyed, with 62% of executives intending to pursue M&A in the next 12 months compared with 52% globally.
 

Saipem wins $1.3bn E&C offshore contract in the Middle East

The contract involves engineering, procurement, construction and installation activities associated to two 32-inch export pipelines, two 24-inch corrosion-resistant alloy intrafield pipelines, risers, spool pieces and subsea structures.
 

Aramco inks 16 contracts to operate and maintain community facilities over next 10 years

The contracts are in line with Saudi Aramco's continuous efforts to develop its community facilities and increase their efficiency while maintaining the highest safety standards.
 

Duqm refinery issues 'notice to proceed' for EPC contractors

The formal issue of the 'notice to proceed' (NTP) signifies start of the project schedule of the construction work of the 230,000bpd refinery project. The project is expected to complete and be ready for start-up 42 months from the issue of NTP.
 

The jury for the 2018 Oil & Gas and Refining & Petrochemicals Middle East Awards unveiled

The collective experience of the jury in the upstream, midstream and downstream industry in the Middle East will empower the panel to adjudge the most suitable winner for each of the 10 categories in this year's awards.
 

Axens qualifies Avantium to perform independent testing of commercial naphtha reforming catalysts

Axens is continuously upgrading its catalyst portfolio. For this qualification programme, Axens provided Avantium with commercial reforming catalysts, including the newest generations of its best-selling CCR catalysts.
 

Pope Francis to address oil majors in Vatican climate conference

Organised by the University of Notre Dame in the United States, the conference is expected to be attended by the heads, or senior executives of companies, including ExxonMobil, Eni, BP, Royal Dutch Shell and Pemex.
 

Sadara, Veolia to construct sustainable central utilities facility in PlasChem Park

The MoU provides a long-term waste management solution for Sadara, and creates an opportunity for Veolia to build a utility plant including waste management and waste energy facilities at PlasChem Park.
 

Saudi Arabia's deputy governor of the Eastern Province hails Sipchem's CSR initiatives

Sipchem CEO Ahmad Al-Ohail briefed Prince Ahmed bin Fahd bin Salman bin Abdulaziz, deputy governor of the Eastern Province of Saudi Arabia, about Sipchem's latest updates, and CSR programmes and activities.
 

ADNOC Group CEO, ADNOC Schools students visit the Founder’s Memorial

The students' visit provided an opportunity to learn about the values Sheikh Zayed embraced, including education, and the important role personal and professional development has played in the growth and progress of the nation.
 

ExxonMobil CEO highlights growth plans, advances in lower-carbon solutions

The company has announced it would increase tight oil production in the US Permian Basin five-fold, and start up 25 projects worldwide, which will add volumes of more than one million oil-equivalent barrels per day.
 

Video: Simon Cushing, research director, oil and gas, Gartner, on 'Digital Platforms: An Oil and Gas Perspective'

Digitalisation is well underway but confusion about ambition, limitations in investment and leadership cultural challenges put transformation efforts at risk.
 

Rigid Lock Quickberm from Brady Corporation

With the Rigid Lock Quickberm, companies can increase compliance with the European Union Water Framework Directive (2000/60/EC).
 

EPPCO Lubricants inks distribution agreement with Alserkal, expands retail footprint

Through this partnership, Alserkal will distribute EPPCO Lubricants products at their retail vehicle service outlets – Tire Stop, Bridgestone’s flagship retail brand First Stop, and other retail outlets.
 

Huntsman to build polyurethanes systems house in JAFZA, Dubai

Targeted for completion by the second half of 2019, Huntsman’s investment will increase the company's systems production capacity in the region and add a new dimension to its polyester polyol capabilities.
 

ADNOC’s downstream strategy boosts significance of 2018 Abu Dhabi International Downstream Summit

The 2018 ADID in the UAE’s downstream calendar has just become even more significant following ADNOC’s announcement that it is building the world’s largest integrated refining and chemical site.
 

ExxonMobil initiates greenhouse gas reduction measures

ExxonMobil invests in lower-emission energy solutions such as cogeneration, flare reduction, energy efficiency, biofuels, carbon capture and storage and other technologies. ExxonMobil has spent more than $9bn on lower-emission energy solutions since 2000.
 

SABIC executive vice president visits GPIC complex

The visitors were taken to the state-of-the-art carbon dioxide recovery plant, the first of its kind in the Middle East, which contributes significantly to reducing the harmful emissions resulting from factory operations.
 

PGPIC, Siemens sign MoU for cooperation in petrochemicals

The two companies signed the deal at the venue of the annual Iran Oil and Gas Show in Tehran. The document would upgrade the nature of their relationship from seller-buyer to trade partnership.
 

Sadara executes contract for first EO/PO pipeline in MENA

Sadara will be building a transport system for EO and PO that is second to none in the entire MENA region.
 

Halliburton wins Aramco contract for unconventional gas stimulation services

The new agreement will provide lump sum turnkey stimulation services, which include major hydraulic fracturing and well intervention operations.
 

Rosneft, Kurdistan Regional Government ink gas business development agreement

Under the agreement, the parties will elaborate an integral plan to progress the gas business within the Kurdish region of Iraq.
 

United Nations issues 48,000 carbon credits to SABIC

SABIC received over 48,000 carbon credits for efficiency improvement by boiler rehabilitation in fossil-fuel-fired steam-boiler system for 2016 and 2017 based on actual operations.
 

Aramco awards permanent communications system contract for Haradh Increment Programme

During a ceremony in Dhahran, Fahad Al-Helal, Saudi Aramco vice president of project management, signed the contract which involves engineering, procurement and construction of permanent communications infrastructure and services.
 

SABIC introduces new caps & closures material at Berlin plastic closures event

At the Plastic Closures Innovations Conference in Berlin during 22-24 May, where SABIC was the headline sponsor, the company discussed its new caps and closures industry segment, launched at the beginning of the year.
 

RDIF, Mubadala, Gazprom announce joint venture to develop Siberian oil fields

RDIF and Mubadala Petroleum will acquire a 49% equity stake in Gazpromneft-Vostok, the operator of the fields. Mubadala Petroleum will hold a 44% interest and RDIF will hold the remaining 5% interest.
 

ENOC offers UAE nationals energy scholarships in collaboration with Heriot-Watt University

The ENOC Energy Scholarship programme will provide four UAE Nationals, two of which will be ENOC employees and two external candidates with an opportunity to pursue a master’s degree, covering tuition fees for selected candidates.
 

Tendering process for oil and gas concessions in Ras Al Khaimah receives strong global interest

Launched on 1 April 2018 to attract regional and international companies aiming to expand their portfolios in the UAE, the 2018 RAK Licensing Round is proving to be popular.
 



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