Hercules Offshore received a welcome notice from Saudi Aramco—a withdrawal notice to rescind Aramco’s previously issued notice of termination of its contract for the Hercules 261. As a result, almost all terms and conditions of the contract…
McDermott International has been awarded a contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of 12 jackets for offshore oil and gas fields in Saudi Arabian waters. The work, McDermott's second…
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…
Drill rig fleet operators are dropping dayrates as the market is squeezed due to the precipitous fall in global crude price. Industry insiders say dayrate bargaining by upstream companies is the play of the day. Rigs operating in the Middle East are particularly exposed…
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…
Aqualis Offshore, part of Aqualis, has signed a three-year rig moving services contract with Saudi Aramco for the firm's jackups in the Arabian Gulf. Aqualis Offshore will support Saudi Aramco with rig moving services and personnel from Aqualis Offshore’s offices in the Middle East region…
Saudi Aramco Energy Ventures is investing US$30 million in Siluria Technologies, a pioneer commercial production of fuels and chemicals made from clean and abundant natural gas. Siluria announced the initial close of its Series D financing round with this news on 20 August…
Saudi Aramco made a deepwater oil discovery, Al-Haryd, in the Red Sea in 2013, the firm has revealed in its annual report. The discovery was one of three oil and two gas fields made by Saudi Aramco in 2013, taking its total number of discovered fields to 121…
Saudi Aramco opened a research center in Cambridge, Massachusetts. The new center is adjacent to the Massachusetts Institute of Technology (MIT) and will support computational reservoir modeling, nanotechnology, and advanced gas membrane system research…
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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