Saudi Aramco News


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…

BHGE Inks 3-year Contract with Saudi Aramco

Dec 05, 2018

Saudi Aramco has awarded major stimulation and well-testing contract to Baker Hughes, a GE company (BHGE). BHGE will deliver a comprehensive well services solution including all cased-hole wireline logging, perforation, well testing, stimulation…

Boskalis Inks Pact with Saudi Aramco

Nov 26, 2018

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program.Boskalis acquired the agreement in consortium with the United Arab Emirates-based company Lamprell…

Saudi Aramco, ADNOC to Cooperate on LNG

Nov 12, 2018

The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal to explore potential areas for mutual collaboration in the LNG value chain aimed at bolstering gas production and revenue…

Saudi Aramco CEO says IPO will 'certainly' happen

Nov 12, 2018

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will 'certainly' happen when the conditions are right.Saudi Aramco said it is still in discussions to buy a stake in petrochemicals company Saudi Basic Industries Corp…

Saudi Aramco Signs Deals Worth USD 34 bln in Oil and Gas

Oct 24, 2018

Saudi Aramco signed 15 Memoranda of Understanding (MoUs)  and strategic and commercial collaborations valued at more than US$34 billion with 15 international partner companies and entities from eight countries in 3 continents.These collaborations…

Saudi Aramco to Spend Over $133 bln on Drilling Over Next Decade

Sep 17, 2018

State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday.'We will spend more than half a trillion Saudi Riyals on drilling activities over the next decade…

Construction Begins on Saudi Aramco's Shipyard Joint Venture

Mar 16, 2018

Construction work has begun on a joint venture to build a shipyard on Saudi Arabia's eastern coast, oil rig builder Lamprell Plc said in a statement on Friday.The joint venture, International Maritime Industries (IMI), started operations…

Global maritime JV launched

Jan 03, 2018

Saudi Aramco and partners Lamprell, the National Shipping Company of Saudi Arabia, and Hyundai Heavy Industries, announced on 30 December, 2017, the official launch of their International Maritime Industries (IMI) joint venture. When fully operational in 2022…

Eversendai wins work for Saudi Aramco

Nov 07, 2017

A UAE-based subsidiary of Malaysia's Eversendai Corp. has won an offshore fabrication project for Saudi Aramco. Eversendai Offshore received the project award, fabricating jacket structures, through Italy's Saipem, which is one of…

ARO Drilling launches operations

Oct 19, 2017

ARO Drilling, the 50:50 joint venture created last year by Rowan Companies and Saudi Aramco, started operations on 17 October. The joint venture will support Saudi Arabia's Vision 2030, through which it seeks to modernize its economy and society…

McDermott installs Safaniya jacket

Jun 13, 2017

McDermott International recently completed the load-out and installation of the first jacket fully fabricated by the company at its recently opened Dammam fabrication yard in Saudi Arabia. The Safaniya 264 jacket is part of McDermott’s…

JV to build US$5.2 billion Saudi yard

May 31, 2017

Saudi Aramco and partners have proposed to build the US$5.2 billion King Salman International Complex for Maritime Industries & Services, a maritime complex in Saudi Arabia that will be one of the largest yards in the Arabian Gulf. Signing…

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