Saudi Aramco Vision 2030 News

 

Saudi IMI Signs Jack-up Deal with GustoMSC

Oct 16, 2019

Saudi-based International Maritime Industries (IMI) has announced that it had signed a licence agreement with GustoMSC, a subsidiary of Houston rig and equipment builder National Oilwell Varco (NOV).The agreement entails a new GustoMSC drilling…

Saudi Aramco Pursues IPO Planning Despite Attack

Sep 17, 2019

Saudi Aramco is pressing ahead with its listing plans this week, although some investors and analysts doubt it can now meet its timeline as it has not said when oil output will be restored after attacks on its facilitiesReuters has reported it could take months for Aramco…

Saudi Aramco Asks Banks to Pitch for IPO Roles

Aug 19, 2019

Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.Aramco's planned IPO, which could potentially raise $100 billion…

NSER Wins $600mln Contracts in S. Arabia

Aug 06, 2019

National Energy Services Reunited (NESR), a provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, has been awarded contracts worth US$660 million by Saudi Aramco for coiled tubing, stimulation and cementing services for a five year period…

KBR Wins Aramco Offshore Contract

Jul 31, 2019

American engineering company KBR, Inc., announced that it has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco's offshore program.KBR will provide project management and engineering…

Sparrows Secures Vendor Approval from Aramco

Jul 16, 2019

Aberdeen-based equipment and integrated engineering services company Sparrows Group said it has bolstered its position in Saudi Arabia after securing vendor approval status from national oil company Saudi Aramco.The approval allows recently formed local entity…

Sinopec Wins Pipeline Work for Aramco Marjan Project

Jul 11, 2019

China's Sinopec Group on Thursday said its Sinopec Engineering Incorporation subsidiary had signed a contract to work on two pipeline projects at Saudi Aramco's Marjan oilfield in Saudi Arabia.That comes as Aramco awarded $18 billion in contracts to boost capacity at Marjan and its Berri oilfield…

Saudi Aramco Awards Contracts Worth $18 Bln

Jul 09, 2019

Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oilfields, the company said on Tuesday.Saudi Aramco plans to boost production capacity from the two fields by 550…

Saudi Aramco, BHGE Ink Manufacturing MOU

Jul 03, 2019

A memorandum of understanding (MOU) signed this week by Saudi Aramco and Baker Hughes, a GE company (BHGE) will see the two firms establish a new joint venture facility in Saudi Arabia to manufacture non-metallic materials which will be used in a variety of areas of the energy industry…

Saudi Aramco, BHGE Open Research Center

Jul 02, 2019

Saudi Aramco signaled its commitment to cutting edge technology and developing global partnerships with the opening yesterday of a “game-changing” Baker Hughes GE (BHGE) research facility at Dhahran Techno Valley.The facility will house a number of state-of-the-art technologies…

Saudi Aramco, McDermott Plan New Facility

Mar 26, 2019

Saudi Aramco on Tuesday signed a land lease agreement with McDermott Arabia Company to establish a facility for large scale fabrication of offshore platforms and onshore/offshore modules located within the King Salman International Complex for Maritime Industries in Ras Al-Khair…

James Fisher Buys Saudi Offshore Firm

Feb 20, 2019

Marine and oil and gas services provider James Fisher and Sons (JFS) is expanding its footprint in the Middle East offshore market acquiring service provider Murjan Al-Sharq Marine Contracting LLC (MSMC) in Saudi Arabia.MSMC is an established service provider based in Saudi Arabia…

L&T Consortium Wins EPCI Order from Saudi Aramco

Jan 15, 2019

L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Larsen & Toubro Limited  (L&T), said that it has, in consortium with Subsea 7, has bagged two projects from the world's largest oil company Saudi Aramco.The company which serves the Oil and Gas sector around the world…

TechnipFMC, MHB Ink Deal with Saudi Aramco

Jan 07, 2019

TechnipFMC, in consortium with Malaysia Marine and Heavy Engineering Sdn Bhd (MHB), has signed a long-term offshore agreement with Saudi Aramco.The six-year agreement covers engineering, procurement, fabrication, transportation and installation…

MMHE, TechnipFMC Ink Long-term Deal with Saudi Aramco

Dec 27, 2018

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) announced that its wholly owned subsidiary Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), in consortium with TechnipFMC, has signed a long‐term agreement with Saudi Aramco.This…

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