Saudi Aramco made five new oil and gas field discoveries, including one offshore field, and continued its exploration in the Red Sea in 2015. The Kingdom now has a total 134 discovered oil and gas fields. One of the latest was the Faskar offshore field…
Saudi Arabia has taken two steps towards boosting its in-country rig building and high-end manufacturing capabilities in the sector. Saudi Aramco, the Kingdom's oil super-major, Abu Dhabi-based engineering and rig building firm Lamprell…
Saudi Aramco has begun producing natural gas at its Hasbah field, offshore Saudi Arabia. Hasah is located 150km northeast of Jubail in the Arabian Gulf. It has seven single-well platforms, and is expected to provide up to 1.3 Bcf/d of natural gas…
Saudi Aramco is reducing dayrates by 5% with Hercules Offshore for three jackup rigs. On 9 March, Saudi Aramco sent Hercules a notice of the reductions for five-year contracts for the Hercules 261 and Hercules 262 from US$67,000 per day to $63…
Saudi Arabian Oil Co. (Saudi Aramco) appointed Amin H. Nasser as its new president and chief executive officer. Nassar. Image from Saudi Aramco. The Saudi Aramco Supreme Council…
Houston-based McDermott received its largest single award in the history of its Middle East operations today (27 August) by Saudi Aramco for brownfield work off Saudi Arabia. Signing the LTA. Image from McDermott…
Saudi Aramco selected Houston-based McDermott International as one of the winners of a global competition for a new long-term agreement (LTA) for future brownfield work in various fields offshore Saudi Arabia. The LTA, which was signed on 10 June 2015…
Saudi Aramco has awarded Australia's WorleyParsons a contract to provide project management services for its offshore program. WorleyParsons has been managing the Offshore PMC contract for Saudi Aramco for the last 12 years, which has employed in excess of 400 people in recent years…
Saudi Aramco awarded KBR, Inc. (NYSE: KBR) a six-year project management contract to provide project management services for Saudi Aramco’s offshore program. Under the terms of the contract, KBR will provide project management and engineering…
Hercules Offshore received a notice from Saudi Aramco to terminate its drilling contract for the Hercules 261, effective 27 March 2015. Hercules says it is in the process of seeking a basis for continuing the Hercules 261 contract. The…
Saudi Aramco announced the opening of the new Aramco Research Center on Houston’s west side in the energy corridor, on Friday, 19 September. Khalid A. Al-Falih, president & CEO Saudi Aramco, at…
Saudi Aramco opened a research center in Cambridge (Boston), Massachusetts yesterday, the first of three new US research facilities the global energy giant will set up by the end of next year. The new center is adjacent to the Massachusetts…
Sembcorp Marine has signed a memorandum of understanding (MOU) with Saudi Aramco and the National Shipping Co. of Saudi Arabia (Bahri), one of the largest shipping companies in the world, with the objective of preparing a detailed feasibility…
Saudi Aramco Energy Ventures LLC (SAEV) closed on an equity investment in Zi-Lift AS, developer of through-tubing-deployed artificial lift systems using permanent magnet motors and transmissions. “Reliable and easily deployable artificial…
Saudi Aramco president and CEO Khalid Al-Falih has committed to opening a new technology center on Houston's northside, Houston Mayor Annise Parker announced on 11 November 2012.A press release put out by the mayor's office said the arrangement will bring 100 new jobs to the city…
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