DNV has released DNV-RP-0670 Asset information modelling framework to improve asset information management in the energy sector. This recommended practice (RP) addresses challenges in engineering assets by enhancing information flow among organizations, individuals, and IT applications. It tackles issues caused by the lack of standardization and reliance on documents for information exchange.
bp announced that it has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq.
Kent announced that it has been awarded a place on the UK government’s Department for Energy Security & Net Zero (DESNZ) ENZPS Framework to provide strategic advisory and engineering services. The framework, valued at up to £250 million, will run for an initial two-year term, with an option to extend for a further two years.
Shell announced new strategies to deliver more value with less emissions.
Aramco and Air Products Qudra (APQ) announced that Aramco completed the acquisition of a 50% equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG).
The CEO of the Fuel Consumption Optimization Company Hossein Hosseinzadeh announced plans to reduce energy consumption in three sectors: industry, transportation, and construction., aiming to save 1.285 million barrels of crude oil equivalent (mmboe) by the end of the seventh development program (2028).
The International Energy Agency (IEA) released a report stating that the global demand on energy has grown by 2.2% last year – lower than GDP growth of 3.2% but considerably faster than the average annual demand increase of 1.3% between 2013 and 2023.
Iraq’s Oil Ministry announced that it plans to increase oil production to more than 6 million barrels per day (mmbl/d) by 2029, while confirming an agreement with BP to develop four oil fields in Kirkuk.
ENOC Group announced that it recorded remarkable success in energy reduction resulted in saving AED395 million in total energy from 2014 to 2024 and mitigating 703,840 metric tonnes of greenhouse gas emissions.
A statement issued by Shana News Agency announced completing the drilling operations of an oil well in the Bibi Hakimeh field at the beginning of the year 1404 (March 21).
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