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Issue 8 2022 oilreview.me
Serving the world of business
Editor: Louise Waters - louise.waters@alaincharles.com
Editorial and Design team: Prashanth AP, Fyna Ashwath, Miriam Brtkova, Praveen CP, Robert Daniels, Shivani Dhruv, Matthew Hayhoe, Leah Kelly, Rahul Puthenveedu, Madhuri Ramesh, Madhurima Sengupta and Minhaj Zia
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Printed by: Buxton Press
Printed in: December 2022
© Oil Review Middle East ISSN: 1464-9314
Editor’s note
ADIPEC 2022 SAW record global attendance of more than 160,000 visitors from 164 countries, generating an estimated US$8.2bn in business for exhibiting companies, according to the organisers. Decarbonisation was a key theme, with a first-of-its-kind Decarbonisation Zone and Conference where experts shared their views on pathways to a cleaner energy future. As always, energy companies took the opportunity to showcase their latest products and technologies. See our ADIPEC Review beginning on p22.
Aramco continues to go from strength to strength, building on its core oil and gas upstream business while diversifying its activities and adopting an increasingly global approach, not to mention heightening the focus on more sustainable operations (p12).
We also look at ways to tackle cyber threats, which are intensifying with the continuing instability in eastern Europe (p36-38).
Finally, it just remains for me to wish all our clients, readers and supporters all the very best for the holiday season, and a very happy New Year.
Contents
Calendar
4 Executives’ calendar
Listings of regional and international events, and previews of the World Future Energy Summit and MEOS/GEO
News
7 Developments
A round-up of the latest news from across the region
Aramco Review
12 A true global heavyweight
Recent outstanding financial results underscore the significance of Aramco’s oil and gas business, but the oil giant is always thinking one step ahead
Saudi Arabia
15 Bringing differentiated technologies to the Middle East
The expansion of TAQA’s portfolio, its differentiated product and service offering, and its energy transition initiatives
Diversity & Inclusion
18 Improving diversity in the workforce
ChampionX discusses the benefits of leading one of the most diverse teams across the region
20 Setting benchmarks in diversity
Emerson Automation has set diversity as one of its company goals, and scooped the ‘Oil and Gas Inclusion and Diversity Company of the Year’ award at ADIPEC
ADIPEC Review
22 Maximum energy, minimum emissions
The leading global energy show provided a forum to map the industry’s pathway to net zero
23 Moving towards remote and autonomous operations
Fugro launched its Pegasus USV at ADIPEC
24 Hydrogen: reality, promise and prospects
Hydrogen was one of the pivotal fields in ADIPEC’s Decarbonisation Zone and Conference
28 Showcasing the latest solutions for sustainability
Al Masaood Group’s Industrial showcased solutions and innovative technologies for the advancement of the UAE’s energy sector at ADIPEC
29 Strengthening Malaysia’s energy ties with the Middle East
Malaysia is looking to emerge as a major energy market for the Middle East
Flow Control
34 The impact of fluctuating flow on flow measurement
Factors impacting flow stability and how the effect of unsteady flow on different measurement technologies can be addressed
Cyber Security
36 Addressing the cyber threat
How energy companies can boost their resilience and robustness against destructive national threat actors
