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Issue 6 2021 oilreview.me
Serving the world of business
Editor: Louise Waters - louise.waters@alaincharles.com Editorial and Design team: Mariam Ahmad, Prashanth AP Fyna Ashwath, Miriam Brtkova, Praveen CP, Robert Daniels Matthew Hayhoe, Manojkumar K, Unique Pattnaik Rahul Puthenveedu, Deblina Roy and Vinita Tiwari Publisher: Nick Fordham Sales Manager: Richard Rozelaar richard.rozelaar@alaincharles.com Magazine Sales Manager: Tanmay Mishra +91 98800 75908 tanmay.mishra@alaincharles.com
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Editor’s note
IN THIS ISSUE we focus on Kuwait, which is pushing ahead with developing its heavy oil reserves and underdoing a major expansion of its refineries sector. Kuwait’s oil sector is also looking to digital transformation to support the country’s Vision 2035 objectives of boosting production and economic growth (see p14).
Digitalisation can also play a major role in promoting sustainable operations, a key consideration for oil and gas companies today, with the pressure on to meet net-zero emissions targets (p25). Also on the subject of sustainability, our article on p21 looks at the technologies which could be game changers for an accelerated energy transition.
Improving cyber resilience is another issue which has come to the fore as cyber attacks become more frequent and increasingly sophisticated (p30). We also cover Qatar’s LNG dominance (p18), proactive maintenance for compressors (p32), fire safety (p34) and metering technologies (p24).
Contents
Calendar
4 Executives’ calendar
Listings of regional and international events, both in-person and virtual
News
8 Developments
A round-up of the latest news from around the region and globally
KPC Review
14 Kuwait powers on
Kuwait’s oil and gas industry is powering on despite the many uncertainties over the past two years, as it steadies production and seeks to unlock new market opportunities
LNG
18 Well positioned for global LNG market domination
Qatar is poised for global LNG market domination, as it pursues major expansion plans with competitive production costs and strong environmental credentials
Energy Transition
21 Game-changing technologies for a
1.5℃ world Which technologies will drive deep decarbonisation, where the opportunities lie and how the energy transition can be accelerated
Technology
24 Digital flow meters: advantages for oil and gas
How digital flow meters are helping oil and gas operators reduce costs and increase output
25 Sustainable business models for oil and gas
How leaders in oil and gas can use digital transformation to support their sustainability efforts
27 Designing an oil refinery expansion
Optimising the design process with 3D structural analysis and design software
28 The top 10 oil and gas trends to watch
Trends that oil and gas CIOs should be aware of for future success
Cybersecurity
30 “We’re all potential cyber targets”
The oil and gas industry needs to increase its systems’ cyber resilience
Compressors
32 Proactive maintenance for compressor systems
Why a proactive maintenance model –enabled by the IIoT – can deliver enhanced efficiencies and reduce risks for compressed air systems
Fire Safety
34 The critical role of flame detectors in fire suppression
Flame detectors are key to an effective fire suppression system
Innovations
39 Industry developments
The latest product advancements in oil and gas
