Industry

Survey stresses benefits of digitalisation for hazardous industries

petrotecxhnicsThe second instalment of Petrotechnics’ Operational Excellence Index (OEI) has revealed companies in hazardous industries are embracing digital transformation as a means of achieving Operational Excellence (OE), but the rapid pace of innovation and fear of change could limit widespread adoption

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Gulf Petrochem rebrands as GP Global

GPThe UAE-based Gulf Petrochem has rebranded as GP Global, a move that aims to match the company’s ambition as a growing international presence

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AES Arabia to supply modular skids to oil and gas sites in Saudi Arabia

AnuSaudi Aramco has awarded AES Arabia a US$27mn project to supply Tie-Ins Modular Skids to the oil and gas wells for Khurais and Haradh sites in the eastern province of Saudi Arabia

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Saudi Aramco launches International Maritime Industries company

SA IMISaudi Aramco and its partners have launched International Maritime Industries (IMI) joint venture, aiming to link Aramco’s supply chain related to offshore drilling and shipping activities

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2018: The year of oil market stabilisation?

Moin pumpThe annual US$2trillion global oil market is steadily returning to balance after three years of persistent supply glut and bloated inventories, as evidenced by improving fundamentals and forward market structure, according to Moin Siddiqui, economist

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