Saudi Aramco News


Shelf Drilling Nets 3-Year Jack-up Rig Deal with Saudi Aramco

Jun 14, 2022

Shallow water offshore drilling contractor Shelf Drilling has secured a contract extension for its Shelf Drilling Achiever jack-up drilling rig in Saudi Arabia.The rig, of the GustoMSC CJ46-X100-D 350 design, had a contract with Saudi Aramco running until December 2022…

Saudi Aramco to Keep Shelf Drilling's Jack-up Busy Until May 2025

Apr 27, 2022

Jack-up drilling rig specialist Shelf Drilling has secured a three-year contract extension for the High Island V jack-up rig with Saudi Aramco.The contract for the rig of the Marathon LeTourneau 82-SD-C design will start in direct continuation of its current contract in the Arabian Gulf…

Saudi Aramco Buys Stake in Cognite from Aker BP

Feb 02, 2022

Saudi Aramco has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP, Cognite said on Wednesday.The price for the stake was 'around 1 billion Norwegian crowns,' or about $113 million, an Aker BP spokesperson told Reuters…

Saudi Aramco Awards Three Offshore EPCI Contracts to McDermott

Dec 07, 2021

Offshore construction and installation company McDermott has secured three new deals with Saudi oil giant Saudi Aramco.The contracts are for engineering, procurement, construction, and installation (EPCI) projects in Saudi waters.'In total,…

Wood Bags Engineering Services Work on Aramco's Giant Offshore Oil Fields

Dec 07, 2021

Energy industry engineering services firm Wood said Tuesday it had secured a multi-million dollar contract with Saudi Aramco.The contract, of unspecified value, is for the delivery of engineering and project management services for the Safaniyah and Manifa oil fields in the Kingdom of Saudi Arabia…

Worley Nets 3-year Offshore Support Deal with Saudi Aramco

Dec 06, 2021

Saudi Arabian national oil company Saudi Aramco has awarded a contract extension to Australian engineering firm Worley’s services for support on Saudi Aramco’s offshore facilitiesUnder the contracts, Worley will continue to provide project management…

Saipem, Saudi Aramco Look to Establish EPC Giant in Saudi Arabia

Sep 21, 2021

Italian energy industry engineering and construction firm Saipem has signed a Memorandum of Understanding (MoU) with the Saudi oil giant  Saudi Aramco to explore the possibility of forming a new entity for engineering and construction activities…

Saudi Aramco, McDermott Sign MoU for Use of SAFIRA Yard

Sep 15, 2021

Saudi Arabia's national oil company Saudi Aramco has signed a memorandum of understanding with energy industry construction and installation firm McDermott to explore the use of McDermott's SAFIRA fabrication yard for construction services for Saudi Aramco's upstream and downstream projects…

Saudi Aramco Awards Ten-Year Deal for Shelf Drilling's Jack-Up Rig

May 06, 2021

Oslo-listed offshore drilling contractor Shelf Drilling has secured a ten-year contract extension for the High Island IX jack-up rig.The contract for the 1983-built, 2012-upgraded jack-up drilling unit is in direct continuation of its current contract in Saudi Arabia…

Saudi Aramco Orders Offshore Modules for Marjan Field from Lamprell

Feb 24, 2021

UAE-based energy industry facilities construction company Lamprell has won a 'large' contract to deliver offshore facilities and subsea components for Saudi Aramco's giant Marjan field. Lamprell defines a 'large contract' as between $51 and $150 million…

Environmental Protection Notation for Saudi Aramco's Offshore Vessel Fleet

Oct 16, 2020

Saudi oil giant Saudi Aramco plans to achieve the ABS ENVIRO notation for its 23-strong fleet of offshore support vessels, tugs, self-elevating units, and special purpose vessels.The notation identifies the level of compliance with international…

Saudi Aramco Suspends Seadrill's AOD II Jack-Up Rig

Jun 30, 2020

Saudi oil giant Saudi Aramco has suspended the contract for the Seadrill co-owned jack-up drilling rig AOD II.The rig has an $89,900 a day contract with Saudi Aramco in Saudi Arabia running until April 2023. The contract was signed in April 2020…

Saudi Aramco Suspends Shelf Drilling Jack-Up Rig

Jun 15, 2020

Saudi oil giant Saudi Aramco has decided to suspend a contract with Shelf Drilling for the High Island IV jack-up drilling rig.The offshore drilling contractor said Monday it had received a notification from 'a customer' on the suspension of…

McDermott Breaks Ground on Fabrication Facility in Saudi Arabia

Feb 25, 2020

Offshore oil and gas engineering and construction company McDermott has broken ground on the new fabrication facility in Saudi Arabia in which it will build offshore and onshore oil and gas platforms and modules.The company is building the fabrication…

Saudi Aramco IPO Proceeds Rise to $29.4 Bln

Dec 09, 2019

The proceeds from Saudi Aramco's record initial public offering have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel on Monday…

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