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Oil & Gas

Gulf companies invest in southeast Asia petrochemicals

Wealthy investors from the Arabian Gulf are eyeing markets in southeast Asia and investing huge sums of money in petrochemical production in the region.
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SCADA market for oil & gas propelled by Asia’s sprinting economy

Following the global recession of 2008-2009, the Asia market for supervisory control and data acquisition (SCADA) has rebounded strongly, growing at a near double-digit rate. Asia’s fast-growing economy is further boosting the market for SCADA oil and gas systems.
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Countries around the world consider fracking after US success

Tempted by the U.S. shale gas revolution that could soon see that country top the charts in natural gas production, countries around the world are considering introducing the same technology, in the hope of achieving similar results.
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Yokogawa to supply integrated control and safety systems for Cygnus Development Project

The ICSS will feature Yokogawa’s CENTUM VP process automation system, ProSafe-RS safety system, Exaquantum production management solution and PRM asset management package.
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Brazilian oil giant to host first demo showcasing ROM solution

The Fieldbus Foundation on Wednesday announced plans to conduct a series of live field demonstrations showcasing its FOUNDATION™ for Remote Operations Management (ROM) technology.
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Iran reports considerable new oil, gas reserves

Iran's oil minister Rostam Qasemi has announced that huge oil and gas reserves have been discovered on the country's northeastern and western borders with Turkmenistan and Iraq.
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North Sea oil platforms closed after leak detected

The Brent pipeline network in the North Sea, which services up to 27 oil fields, has been temporarily closed following the detection of a leak in one on the platforms off Shetland, Cormorant Alpha.
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Peru to hold third national petrochemical conference in January

Peru's Ministry of Energy and Mines (MEM) will hold the Third Peru Petrochemical Conference on Jan. 24-25, in Lima.
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Saudi Arabia considers natural gas price hike

Next year the country may hike the price of its natural gas, which is currently the lowest in the world, in a bid to tackle energy waste and cut high-cost subsidies.
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UK to introduce new offshore oil and gas production rules

The British government is introducing new rules that aim to increase safety standards and environmental care in the UK's offshore oil and gas industry.
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