Issue 4 2022 oilreview.me

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 Editor’s note

THIS ISSUE’s COVER story looks at the buoyant project market in the Middle East, as the region’s NOCs ramp up capital expenditure in response to the tightening oil market and high oil prices. Projects such as Saudi Arabia’s Jafurah unconventional gas field development and Qatar Energy’s North Field expansion offer fertile opportunities to contractors (p16).

Petroleum Development Oman (PDO) celebrates its 85th anniversary this year, and looks in fine form, having unveiled the Yibal Khuff project in 2021, its second largest ever. At the same time, the company is looking to the future and developing new low-carbon value chains (p14).

We also address the evolving nature of oil spill response as new marine fuels are developed (p20), while our technology section covers the optimisation of flow meter data for better decision making (p24), boosting production while reducing methane emissions (p30) and addressing industry challenges with tomographic imaging (p34).

 Contents

Calendar

4 Executives’ calendar

Listings of events, and a look ahead to ADIPEC and SOGAT

News

8 Developments

A round-up of the latest news from around the region

PDO Review

14 Navigating a path through the energy transition

Petroleum Development Oman (PDO) celebrates its 85th anniversary this year, while looking to the future

EPC

16 Building tomorrow’s energy supply

The latest EPC contract activity highlights the massive Gulf energy investment drive

Oil Spill

20 The evolving nature of oil spill response

Considerations oil spill responders need to be aware of as new marine fuels are developed

Technology

24 Optimising flow meter data for better decision making

How flow meter data can be optimised by generalising data-driven models

30 Boosting production while reducing emissions

Treating liquid loaded gas wells in a method that reduces methane emissions

34 Addressing industry challenges with tomographic imaging

How tomographic solutions can help reduce OPEX, avoid unplanned shutdowns, monitor product quality and cut carbon emissions

36 Enhancing production efficiency with the digital twin

How the digital twin can help companies achieve their production and sustainability objectives

Energy Transition

38 Three trends shaping the energy transformation

How decarbonisation, decentralisation and digitisation are shaping the energy sector

Finance

40 Seeing strong growth potential in the Middle East

The expansion of Houlihan Lokey’s oil and gas team in the Middle East

Shipping

41 Prospects for the shipping market

The state of play for shipping, and the future bunker fuel market

Innovations

42 Product advances in oil and gas

Arabic

4 Analysis

Front cover image: Adobe Stock