Issue 8 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, Shivani Dhruv, Matthew Hayhoe, Prince Kariappa, Unique Pattnaik, Rahul Puthenveedu, Deblina Roy, Tulana Nayak and Louise Waters 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

IF ADIPEC IS a barometer for the global oil and gas industry, the outlook is certainly looking up. This year’s show had a very positive vibe, with many delegates commenting favourably on the flow of visitors and the level of serious enquiries. The opportunity to meet face-to-face again was greatly appreciated. Following hard on the heels of COP26, the event had sustainability and decarbonisation at the heart of discussions, with many companies showcasing their sustainable solutions. See our ADIPEC Review on p18 for reports on the show and interviews with exhibitors.

Elsewhere, we look at how Aramco is gearing up to meet the challenges of the energy transition (p14), improving the performance of wet-gas flow meters (p32) and the role of digital twins and other digital tools in helping companies create efficient, sustainable and productive processes (p42).

It just remains for me to wish all our readers and supporters the very best for the festive season, and a happy and prosperous New Year.

 Contents

Events

4 Executives’ calendar

Listings of regional and international events, and a look ahead to SOGAT, the World Future Energy Summit and Intersec

News

9 Developments

A round-up of the latest news from around the region, including Weatherford’s digital oilfields project in Kuwait and the launch of the Abu Dhabi powerhouse for clean energy

Aramco Review

14 Aramco squares up to the energy transition

Aramco is gearing up to meet the challenges of the energy transition head on

ADIPEC Review

18 Moving COP26 discussions to reality

ADIPEC 2021 underscored the energy industry’s readiness to embrace the challenges of the energy transition

22 Fuelling a digitally-enhanced, sustainable future

The Smart Manufacturing Conference at ADIPEC highlighted the competitive advantages of the UAE’s industrial sector and efforts to encourage the integration of 4IR solutions

24 Addressing ESG concerns with breakthrough technologies

NESR’s enhanced focus on ESG and the groundbreaking technologies it showcased at ADIPEC

26 Promoting ties between Malaysia and the Middle East

The Malaysian participation at ADIPEC

28 Tapping into the hydrogen goldmine

A Hydrogen Ministerial Panel at ADIPEC highlighted the importance of collaboration for developing the hydrogen industry

Technology

32 Improving the performance of wetgas flow meters

Why widely deployed wet-gas flow meters are delivering significant inaccuracies

37 The importance of well integrity management

How Halliburton Landmark’s well integrity management software can help minimise risks and reduce production costs

42 Digital tools for improved efficiency and sustainability

How digital twins and other digital tools can help companies create efficient, ecofriendly and productive processes

Innovations

44 Industry developments

The latest product advances in oil and gas, including a new RSS tool introduced at ADIPEC and a fully autonomous well intervention system

Project Focus

46 Saudi Arabia project focus

Arabic

4 Analysis

Front cover image: Aramco Back cover image: Adobe Stock