Features
Sabic posts 38pc drop in Q1 net

Sabic made a net profit of SR3.41 billion in the three months to March 31, down from SR5.51 billion in the year-earlier periodSaudi Basic Industries Corp (Sabic) expects its financial performance in 2019 won’t be as strong as 2018, but will still beat market forecasts, its chief executive said.His comments came after the world’s fourth-biggest petrochemicals giant posted a 38 per cent drop in first-quarter earnings, missing analyst expectations.'Our expectations are that 2019 will be better than...

In Brief

Agoco output 304,000 bpdBENGHAZI: Eastern Libyan state oil firm Agoco, a subsidiary of state oil...

Saudi Taqa buys key rigs unit

Saudi Arabia’s Industrialisation and Energy Services Company (Taqa) announced that its drilling...



Talakar named CEO of Siemens Oil & Gas

Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston, Texas, the global headquarters for oil and gas and its parent operating company, Siemens Gas and Power.Talakar brings to this position extensive leadership experience. Prior to taking this new role, he was responsible for Siemens Saudi Arabia, a market and area of the world very important to the oil and gas and power businesses. Together with his team, Talakar has developed close...

NOC - Al Shaheen Offshore Field Development Plan

Name of Client : NOC - North Oil CompanyBudget : $800 millionFacility Type : Oil & Gas...

Terra uses drones for modelling

Terra Drone Indonesia took part in implementing the Revitalising Informal Settlements and their...

Calendar of events

MAY 201922-23 Peftec 2019Venue: Rotterdam Ahoy, 10 Ahoyweg, Rotterdam, NetherlandsContact...



Asia’s LNG markets hit by oil price surge

Asia’s liquefied natural gas market is being distorted as the cost of LNG bought under long-term contracts linked to oil prices jumps to double spot gas cargoes amid tighter US sanctions on Iran’s crude exports and cuts in Opec oil supply.The price gap between LNG traded in the spot market and term cargoes linked to benchmark Brent crude oil has stretched to its widest in about 8 years, driving some buyers locked in to term deals to try to delay shipments or look to adjust contracts.That comes...



Effective HSE management is more crucial than ever

Implementation of some of these systems include incident reporting and recording, with a view to capturing records of incidents and using insights to prevent similar incidents. This widespread practice has given rise to a lot of historic safety dataThe need for legislative compliance is becoming more stringent and public expectations are high. We have also seen that even a single HSE incident can disrupt business operations, or even damage corporate reputation. Separate tools and systems for...



Honeywell updates Pro-Watch connected security platform

Available across the Middle East, the advanced software platform incorporates new features as well as program updates which meet the latest industry requirements, reduces total cost of ownership and increases operator productivityGlobal technology leader Honeywell has announced the launch of Pro-Watch 4.5, the latest iteration of its flagship connected security platform that integrates access control and video systems from Honeywell and third-party manufacturers for enterprise and critical...

Rockwell Automation acquires Emulate3D

The world’s largest company dedicated to industrial automation and information says its software...



World-class valves require rigorous road testing

Hydraulic control valves need to display high levels of durability when safely dealing with fluids containing damaging debris, says SCOTT SHUGART, President, Drilling Controls, Proserv, a leading global controls technology company for the energy sectorWe've all seen glossy brochures extolling the virtues of products that are ‘world-class’ and ‘guarantee reliability’ as part of their sales pitch," observes Scott Shugart, President, Drilling Controls, Proserv, a leading global controls technology...

Anti-tamper valve heads

As-Schneider offers anti-tamper valve head units, which protect valves against unauthorised access....

Rotork’s CMA range adds new sizes

The cost-effective electric solution is suitable for a wide variety of applications found in sectors...

Industrial valves, actuators market growing

Adoption of industrial valves and actuators has been on a continuous rise owing to the benefits they...

L&T Valves setting up new manufacturing facility

The company, serving customers in the Middle East for several decades, wants to further enhance its...



Big investment set to continue

Significant investment has also gone into expanding Kuwait’s downstream operations. This includes the upgrade and expansion of the country’s two existing refineries, Mina Al Ahmadi and Mina Abdullah, as part of the $13 billion Clean Fuels ProjectAs Kuwait continues to invest heavily in both upstream and downstream production, there are reports that the Kuwait Petroleum Corporation (KPC), the country’s national oil company, was reassessing its capital investment plans, announced in 2018 and worth...

Refinery completed in Vietnam

An Oil refinery in which a Kuwait company holds stake has commenced operations in Vietnam. The 200,...

KPC seen keen to achieve targets

Kuwait National Petroleum Company (KNPC) has signed a contract with Agility Logistics worth KD 6.5...

Dealing with VAT: Time to review and adjust systems

Downstream companies are more likely to have seen taxable supplies outweigh purchases, resulting in...

Kuwait Oil Tanker Company to use IMO-compliant fuels

KOTC – a major global oil tanker company and a subsidiary of Kuwait Petroleum Corp – is instrumental...

Bilfinger sees more growth opportunities in the region

The company has several running contracts. Some are spanning across several years and some others...

Faro ScanPlan ideal choice

Using the familiar interface of an easy-to-use smartphone application, even the most complex...

KPIOS shows off engineering prowess in Kuwait

The company’s pipe products are used for submarine, oil production, high pressure gas, water and...

Sulzer expanding installation services in Kuwait

To further strengthen its presence and support in Kuwait, the specialist company is localising its...

KOC performing a stellar role in the oil sector

Since more than 80 years since the discovery of oil, Kuwait is the only Opec member with one type of...

AUK’s College of Business & Economics raises the best

Being a Business and Economics College within the liberal arts university provides a tremendous...

GOFSCO aims to be partner of choice

The company takes pride in continued innovation and advancements stemming from its customer-centric...

Kufpec seeks acquisitions to beef up volumes

The targets for Kufpec were set after a recent strategic review of government-owned KPC and its...

Expertise Contracting Co plans to expand in GCC

Building on the huge growth prospects it sees over the coming years, the contracting major targets...

Kuwait investment drive on the right track

KPC’s five-year, $115 billion investment programme unveiled earlier last year is a massive expansion...

Atlas Copco Rental is setting new industry standards

The leading company carries a large fleet for complete industrial rental solutions for every...

Soil reclamation seen at $2.4bn: KOC

Soil pollution is considered one of the biggest environmental disasters in the aftermath of Iraq’s...

Kuwait’s solar drive accelerates

The Al Dibdibah Solar Park project is central to Kuwait’s plans to harness the sun’s energy and is...




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