logo
OEG wins agreement to support oil major in North America

OEG wins agreement to support oil major in North America

Trade Arabia02-06-2025

OEG, a leading energy solutions provider, has secured a three-year contract with an international oil major.
Under the terms of the agreement, which includes optional extensions for up to five years, OEG will supply logistics equipment for the organisation's operations in North America.
This partnership underscores OEG's commitment to operational excellence and ability to support across the energy lifecycle.
Its leading cargo carrying units (CCUs), designed to meet international standards for quality and safety, will ensure a resilient and sustainable fleet that can meet operational demands, said a statement from OEG.
The full-service offering, which includes inspection, maintenance and replacement of the units when required, will be managed out of OEG's strategically located yards in New Iberia, Port Fourchon, and Houston, it stated.
Garett Gauthier, Regional Director for OEG's logistics equipment division in North America, said: "This is an exciting win for OEG, and we look forward to leveraging our significant experience to support this customer in the region. This award reinforces the competence and professionalism of our team."
Headquartered in Aberdeen, OEG is a leading energy solutions business providing mission critical infrastructure assets, technologies and services to the global energy industry. It has over 1,300 employees and operates in more than 65 countries.
"OEG is recognised for its exceptional service delivery, which was a determining factor in finalising the agreement. Our localised approach to equipment and service delivery will help to strengthen our relationship with our customer by enabling close collaboration and fast response times," he noted.
According to him, the US offshore energy sector is experiencing increased activity, with new oil and gas discoveries and production milestones.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ADNOC Distribution achieves major ESG milestones
ADNOC Distribution achieves major ESG milestones

Trade Arabia

time7 hours ago

  • Trade Arabia

ADNOC Distribution achieves major ESG milestones

ADNOC Distribution recently released its 2024 ESG Report, one of the most ambitious sustainability disclosures from the region's mobility and retail fuel sector to date. The report underscores ADNOC Distribution's journey from a traditional fuel retailer into a sustainability-driven mobility and convenience leader. Some standout achievements include: • 100% of UAE fleet now operates on B20 biofuels, reducing 1,468 tCO₂e annually • 100% renewable energy powers the E2GO EV charging network • Over 5.8 million bottles recycled via Reverse Vending Machines in 2024 • 25,000+ mangroves planted in 2024, which are "adoptable" by loyalty customers through the ADNOC Distribution app • 220 fast and super-fast EV chargers installed as of the end of 2024 - a 4x year-on-year increase - with ADNOC Distribution on-track to have 300 installed across the E2GO network by the end of 2025 • 5,083 MWh of solar energy generated from 31 solar photovoltaic (PV) - equipped stations • Recognition for ESG leadership by Bloomberg, FTSE, S&P Global, London Stock Exchange Group, and MSCI • 62% Emiratization rate, with significant investment in youth and women empowerment The report also highlights ADNOC Distribution's commitment to ESG governance, with the creation of a board-level ESG Subcommittee and achievement of key KPIs under its AED5.5 billion sustainability-linked loan.

DHL Group to invest more than $571m in Middle East
DHL Group to invest more than $571m in Middle East

Trade Arabia

time13 hours ago

  • Trade Arabia

DHL Group to invest more than $571m in Middle East

DHL Group (DHL), the world's leading logistics provider, has announced plans to invest more than EUR500 million ($571 million) in the Middle East, with a strategic focus on the rapidly expanding Gulf markets of Saudi Arabia (KSA) and the United Arab Emirates (UAE). This investment, set to take place between 2024 and 2030, underscores DHL's commitment to the region and its importance for the future of global trade. DHL Group's Strategy 2030, launched in 2024, prioritises growth regions and geographic tailwinds generated by shifts in global trade, the company said. The investment spans all four DHL divisions – DHL Express, DHL Global Forwarding, DHL Supply Chain, and DHL eCommerce – and will significantly strengthen the region's logistics backbone. By enhancing infrastructure, expanding networks and capacity, and elevating service capabilities, DHL aims to empower businesses operating across and with the Middle East to capitalise on growth opportunities from trade, ensuring support and resilience for customers as they navigate evolving market demands. The company's divisions provide a broad portfolio of logistics and transportation services to customers in the Middle East, including express parcel delivery, air, ocean and overland freight, warehousing, fulfilment and distribution, customs brokerage and specialized operations for sectors such as life sciences, healthcare, e-commerce and battery logistics. 'The region of the Gulf Cooperation Council (GCC) is rapidly emerging as a global logistics and innovation hub,' said John Pearson, CEO of DHL Express. 'Our investment reflects the region's increasing strategic importance in connecting Asia, Europe, and Africa, and our commitment to supporting its transformation into a catalyst for regional and global trade. DHL Express is seeing dynamic growth and export potential in the region's e-commerce sector, for example, which is providing opportunities for entrepreneurs and smaller businesses to expand their offering to global markets.' Supporting FDI, exports and building supply chain resilience The Middle East is emerging as a vital trade hub, facilitating commerce between Asia, Europe, and the US while serving as a gateway to Africa. The region is witnessing growth not only due to attracting investments from multinationals expanding their operations but also because Gulf- and Middle East-based businesses are growing and increasing their exports. DHL's services, the local and global expertise of its team, and the flexibility offered by the company's extensive transportation and warehousing network and digital platforms, automation and technologies help businesses build supply chain resilience at a time of heightened volatility and uncertainty in global trade. Hendrik Venter, CEO of DHL Supply Chain, Europe, Middle East & Africa, added: 'DHL Supply Chain has actively expanded in Saudi Arabia and UAE in recent years, recognizing the positive economic development, the increasing maturity and sophistication of supply chain operations in the region and the growing demand for specialized, outsourced logistics support. With a strong focus on the energy sector, life sciences, healthcare, and technology, we are poised to take advantage of our contract logistics expertise to meet the unique needs of our customers and drive innovation in these critical areas.' Amadou Diallo, CEO of DHL Global Forwarding, Middle East & Africa, remarked: 'This investment underscores our confidence in the Middle East's economic trajectory and our continued commitment to be ahead of the curve in digital capabilities and sustainable transportation for our customers. We also consistently aim to find entrepreneurial freight forwarding solutions that build supply chain resilience, keep their goods flowing and help them to uncover growth opportunities in a world that is characterized by uncertainty and volatility. By expanding our operations, we will be even better positioned to support our clients in navigating the complexities of international trade and logistics.' DHL Group recognises the growing opportunities in the energy sector, encompassing traditional oil and gas as well as renewables and electrification. The company also sees potential in the life sciences and healthcare markets, alongside the burgeoning e-commerce landscape. For example, Saudi Arabia is experiencing a strong inbound market for B2C, especially with high-end goods, driven by ongoing tourism initiatives and events, it said. Targeted investments in quality, capacity and efficiency The investments will focus on the following areas across DHL's business units: - DHL Express: Investments will be made in hub and gateway facilities, as well as enhancing aviation capacity to improve service efficiency and delivery speed. - DHL Global Forwarding: The company will expand its overall presence in the region, invest in its fleet – including electric trucks – and pursue joint venture initiatives such as the recent joint venture with Etihad Rail to enhance connectivity and logistics capabilities. - DHL Supply Chain: There will be an expansion of the contract logistics offering in both the UAE and KSA, which includes increasing warehousing capacity, upgrading equipment, and integrating advanced technology to optimise operations. - DHL eCommerce: The acquisition of the delivery provider AJEX in Saudi Arabia will enhance DHL's e-commerce capabilities, facilitating better last-mile delivery services in a rapidly growing market. DHL is also committed to sustainability, investing in alternative fuel, and electric delivery vehicles, aviation fuels in air freight and biofuels for road and ocean freight, as well as solar energy and clean power for facilities. This commitment ensures that supply chains become more sustainable, and customers achieve their net zero ambitions. This is aligned with the agenda of governments in the region to lead on environmental sustainability. DHL aims to implement best practices in logistics and innovation, strengthening its longstanding position as a leader and investor in the talent and economic potential of the Middle East, the company said. -TradeArabia News Service

Dutco, Sweid & Sweid launch Dubai's largest private logistics park
Dutco, Sweid & Sweid launch Dubai's largest private logistics park

Trade Arabia

time17 hours ago

  • Trade Arabia

Dutco, Sweid & Sweid launch Dubai's largest private logistics park

Dutco and Sweid & Sweid have announced the launch of Terralogix — Dubai's largest privately-owned logistics park, in a move that reinforces Dubai's ambitions to become one of the world's top five Grade-A logistics hubs. Located in Warsan, Northern Dubai, the 3.3 million sq ft development is designed to serve as a critical node in Dubai's supply chain infrastructure, a statement said. Maher Sweid, Founder and Managing Partner of Sweid & Sweid, commented: 'Terralogix will be developed by Dutco and Sweid & Sweid — two UAE-based firms with strong heritage and established track records. The Dutco Group brings decades of expertise across many sectors including construction, hospitality, real estate, and oil and gas, while Sweid & Sweid is known for developing high quality, institutional-grade real estate assets. Together, we will be delivering Terralogix as a landmark project to spearhead the evolution of Dubai's industrial sector.' Terralogix stands out for both its location and adaptability. As one of the few large-scale logistics developments in Northern Dubai, it provides access to areas underserved by other logistics facilities largely concentrated in Southern Dubai. The park's modular design and flexible leasing model allow tenants to scale, expand, or custom-build their facilities to meet their exact requirements. Phase One is already underway, and scheduled for completion in the third quarter of 2026. Nelson Gibb, CEO of Dutco Group, commented: 'As the Dubai Economic Agenda D33 accelerates toward its target of doubling the city's economy by 2033, logistics and trade sit at the heart of that vision. The project brings meaningful new capacity to a sector under pressure from surging demand and limited supply. With direct connectivity to major highways and immediate access to airports and seaports, Terralogix is well positioned to support businesses operating across the UAE and the wider region.' –

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store