Oil & Gas news in the Middle East

An overview of news, trends and research in the Oil & Gas industry in the Middle East:

Aramco Digital partners with Accenture for AI-skilled workforce in Saudi Arabia Aramco Digital, the digital and technology subsidiary of Aramco, has formed a strategic partnership with Accenture to drive the adoption of generative AI and other cutting-edge technologies within it
12 September 2024
KBR advises Kuwait Oil Company on renewable energy masterplan Kuwait Oil Company has hired KBR to advise the company on a country wide masterplan for the development of renewables and hydrogen.
13 August 2024
AGOC brings in Agile Dynamics for organizational design Aramco Gulf Operations Company has selected Agile Dynamics as its lead consulting partner for organizational design.
17 May 2024
Energy executives less optimistic on 2050 energy transition progress Executives in the energy and natural resources industry are expecting a slowdown in the progress of the energy transition. That is according to a new report from Bain & Company.
15 April 2024
Petrofac's restructuring team floats proposal to lenders Late last year, Sharjah-headquartered Petrofac launched a major restructuring overhaul to reduce its debt load, with support from advisory firms Moelis & Company and Teneo.
05 March 2024
Oliver Wyman helping Saudi Aramco with Big Data and AI unit Oliver Wyman is advising Saudi Aramco in their efforts to build a Big Data and AI unit.
20 February 2024
Analysis: The transformative journey of Saudi Arabia's exports Saudi Arabia’s Vision 2030 is a wide-ranging government program that aims to diversify the economy of the Kingdom, transform and future-proof the business environment, and lift the welfare of citizen
31 January 2024
The net zero path in transportation, oil & gas, industrials and utilities The World Governments Summit has teamed up with Arthur D. Little to chart a successful course for the net zero transition in four high emitting sectors.
02 November 2023
Global oil & gas sector struggles with advancing diversity agenda In the evolving landscape of the oil and gas industry, gender equality continues to pose a persistent challenge.
02 October 2023
Study confirms hydrogen pipeline from GCC to Europe is feasible A pipeline crossing the Mediterranean to transport MENA’s abundant hydrogen supplies to Europe sounds fanciful and cost-ineffective, but a new study has found that such a project could be feasibl
30 June 2023
Aramco first Middle East company to make BCG’s Top 50 Innovation list Aramco has been named one of the 50 most innovative companies in the world, having made its debut in Boston Consulting Group’s Most Innovative Companies 2023 report.
23 June 2023
Consultancies help Emarat develop and launch EmCan loyalty program Following a year of preparation, Emirates General Petroleum Corporation (Emarat) has launched its loyalty program.
02 May 2023
PwC advised ADNOC on its market entry deal in Egypt Abu Dhabi National Oil Company (ADNOC) has completed its acquisition of a 50% stake in TotalEnergies in Egypt, in a move that sees the Emirati oil giant enter the Egyptian market.
02 March 2023
Accenture wins mega digital consulting contract with Saudi Aramco Global oil & gas giant Saudi Aramco has signed deals worth over $7 billion with 100+ local and international key suppliers, with Accenture one of the consulting industry’s largest beneficiaries.
13 February 2023
Petronas and Accenture collaborate to commercialise logistics platform Global oil & gas giant Petronas has renewed its collaboration with Accenture, focused on exploring the commercialisation of a successful in-house logistics and operations platform built by the consul
06 February 2023
Tadweer hires consultants for landfill gas to energy project Abu Dhabi Waste Management Center (Tadweer) has hired a consultancy firm to conduct a feasibility study for one of its sustainability projects.
25 August 2022
ADNOC using AI for better geomodelling of hydrocarbon reservoirs When geologists of Abu Dhabi National Oil Company (ADNOC) identified an opportunity to improve the way the company applies geomodelling for assessing hydrocarbon reservoirs, it's leaders turned to IBM and SAP for support.
23 August 2022
PwC: 'Use oil-based fiscal windfall to fuel energy transition' The rise in oil prices is providing a windfall for GCC states, according to PwC’s latest Middle East Economy Watch, with most governments set to bump up their fiscal surplus in the coming months.
08 July 2022
Three ways how AI can help decarbonise the oil & gas sector Companies in the oil & gas sector face a harder path to decarbonisation that other organisations in the Middle East.
09 May 2022
Digital transformation in the oil & gas industry: Where to Invest? Technology has become one of the key strategic enablers of competitive advantage, and in the oil & gas industry, this is no different.
24 March 2022
Saudi Arabia needs to accelerate non-oil revenues to meet Vision 2030 Over the past decade, Saudi Arabia has made large strides in its transition from an oil-reliant economy to other non-oil income streams.
13 March 2022
Certification firms for Aramco’s third party cybersecurity standard Saudi Aramco has selected eight leading professional services firms in the region as its exclusive preferred suppliers for conducting third party cybersecurity assessments and issuing compliance certificat
29 June 2021
Why non-metallics can be a game changer for oil and gas Non metallics can be a gamechanger for the energy and oil and gas industry, improving corrosion, cost efficiency and asset management, among others.
29 June 2021
Fossil fuels to take a back seat in the global energy landscape Covid-19 has caused a short-term dip in global energy demand, while a long-term shift away from oil and other fossil fuels takes on a new pace in the backdrop.
29 January 2021
Three priorities for offshore oil drillers to navigate the crisis The recent plummet in oil demand and collapse in prices has inflicted considerable damage on the oil and gas sector, with few businesses suffering more than offshore drillers.
29 December 2020
Digital can power ahead Qatar's renewable energy vision Qatar is set for an accelerated shift to renewable energy, according to a new study by Roland Berger, which in turn will have a “dramatic and lasting impact” on Qatar's energy system.
24 November 2020
Executives in oil & gas are gearing up tech and talent investments Under siege from all directions, the global oil & gas industry is turning to technology for answers. A new EY report presents the state of tech in the industry.
12 November 2020
Supply chain and procurement strategies for oil and gas With the oil prices at historic lows and with the Covid-19 supply chain disruptions, oil and gas companies are in major need to evaluate their supply chain and procurement strategies.
04 May 2020
Petrochemicals takes double hit from oil prices and Covid-19 The petrochemicals sector across the world is dealing with significant disruptions from the Covid-19 crisis, and making matters even more challenging, the sector is now also facing a crude oil price
30 April 2020
Building resilience and a future-proof strategy in oil & gas As the oil industry faces the biggest crisis in decades, the sector needs to build resilience in light of an uncertain future and future-proof their strategy.
27 April 2020
Consultancies invited to bid for Kuwait oil restructuring project The Kuwait Petroleum Company has floated a tender for the implementation of a comprehensive restructuring project for the local oil sector, with eight international consultancies prequalified.
01 October 2019
ENOC partners with EY and BCGDV on new accelerator programme The Emirates National Oil Company has announced the launch of an energy sector accelerator with the support of Ernst & Young and BCG Digital Ventures.
07 August 2019

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