Saudi Aramco shipyard joint venture appoints CEO
(Arab News - 31/12/2017)
Saudi Aramco and its partners have appointed Fathi K. Al-Saleem as chief executive of a joint venture to build a shipyard on the kingdom's east coast, part of the Saudi Arabian government's drive to diversify the economy beyond oil. The state-owned oil
Saudi Aramco launches new global maritime industries JV
(Trade Arabia - 31/12/2017)
State oil giant Saudi Aramco has joined hands with UAE-based Lamprell, the National Shipping Company of Saudi Arabia (Bahri) and Korea's Hyundai Heavy Industries to launch their International Maritime Industries (IMI) joint venture. The new company is
Aramco's first AUV revolutionizing underwater surveying and inspection
(Press Release - 27/12/2017)
A new autonomous underwater vehicle (AUV) that can conduct offshore platform debris surveys to identify seabed clearance and potential debris was recently inaugurated by Saudi Aramco. Cost-effective and flexible The AUV, which can also conduct offshore
Saudi Aramco ink pacts to build two industrial units
(The National - 25/12/2017)
Saudi Aramco, the world's biggest oil producer, signed two agreements with the Royal Commission for Jubail and Yanbu (RCJY), a government body that manages free zones in the country, to set up two industrial projects at Ras Al-Khair Industrial City. The
Aramco to set up two industrial units in Ras Al-Khair
(Trade Arabia - 25/12/2017)
Saudi Aramco has signed two agreements with the Royal Commission for Jubail and Yanbu (RCJY) to allocate it plots to set up two industrial projects at Ras Al-Khair Industrial City. The agreements were signed in the presence of Dr Moslih bin Hamid
Saudi Aramco hosts National IT Academy forum
(Saudi Gazette - 24/12/2017)
SAUDI Aramco recently hosted the National Information Technology Academy's executive forum in Dhahran, where participants discussed ways to develop human capital in the information and communications technology (ICT) sector and leverage the role of the
Saudi Aramco Embarks on Global Hunt for Natural Gas Supplies
(Bloomberg - 21/12/2017)
Saudi Aramco is looking for natural gas assets from Russia to East Africa and the U.S. as the kingdom's state-owned energy giant hunts for ways to meet soaring domestic demand. The comments by Khalid Al-Falih, who's both Aramco chairman and Saudi energy
Saudis Say Aramco IPO 'On Track' as All Options Open for Listing
(Bloomberg - 20/12/2017)
Saudi Aramco's IPO is moving ahead and all options are open on where to list shares of the giant oil producer, the country's finance minister said. The Saudi Arabian Oil Co., the world's top crude exporter known as Aramco, is "on track" for plans to list
Saudi Aramco in deal to boost Saudi ICT talent
(Trade Arabia - 20/12/2017)
State oil giant Saudi Aramco said it has signed deals with several top companies at the National Information Technology Academy's executive forum in Dhahran to help develop human capital in the kingdom's ICT sector and leverage the role of the academy.
Saudi Aramco awards key gas deal to Baker Hughes
(Trade Arabia - 19/12/2017)
State oil giant Saudi Aramco has awarded a $175-million contract to leading oilfield services provider Baker Hughes, a GE company, to drive enhanced production at its Haradh and Hawiyah gas fields in the kingdom, thus underlining the strong local
Khazanah, Saudi Aramco eye stake in Indonesia toll road builder
(Bloomberg - 18/12/2017)
PT Waskita Karya, an Indonesian state-owned construction company, is in talks with a group of investors including Islamic Development Bank and Saudi Arabian Oil Co. to sell a stake in a unit that builds and operates toll roads. The consortium also
Aramco welcomes Schlumberger plan to develop manufacturing center
(Saudi Gazette - 18/12/2017)
Saudi Aramco has welcomed plans by Schlumberger to develop an industrial manufacturing center within the King Salman Energy Park in the Kingdom of Saudi Arabia. The announcement was made at a ground-breaking ceremony at the Park, where Schlumberger will
Schlumberger wins big Saudi Aramco drilling contracts
(Trade Arabia - 17/12/2017)
State oil giant Saudi Aramco said it has awarded Schlumberger, one of the world's leading oil services company, two lump sum contracts for drilling rigs and services for oil and gas wells. Under the contracts, Schlumberger Integrated Drilling Services
SNC-Lavalin, Aramco sign deal on in-kingdom opportunities
(Trade Arabia - 14/12/2017)
SNC-Lavalin and Saudi Aramco today signed a memorandum of understanding (MoU) signalling SNC-Lavalin's continued commitment to creating and accelerating opportunities for local work forces in Saudi Arabia. The MoU supports Saudi Aramco's In-Kingdom Total
Saudi Aramco to Seek Pitches for IPO Coordinator Roles
(Bloomberg - 13/12/2017)
Saudi Arabian Oil Co. is asking banks to pitch for roles as coordinators and bookrunners on its initial public offering, people familiar with the matter said, as the state-owned crude producer pushes ahead with plans for the world's biggest share sale.
Saudi Aramco signs $10.4 billion worth of MOUs with companies
(Reuters - 13/12/2017)
Saudi Aramco signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals (8 billion pounds). The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company
Aramco offers $16bn projects for SMEs
(Trade Arabia - 13/12/2017)
Over 140 investment opportunities valued at over $16 billion across Saudi Arabia's energy sector were presented at Saudi Aramco's annual flagship localisation event, the iktva SMEs Forum and Exhibition 2017. In welcome remarks before an audience of over
Saudi Aramco signs 13 MoUs in push for local content
(Reuters - 12/12/2017)
Saudi Aramco signed on Tuesday 13 memoranda of understanding (MOUs) worth around 6.3 billion riyals ($1.68 billion) with local and foreign companies as part a drive to expand the kingdom's industrial base and manufacture a bigger share of products
Saudi Aramco lifts spending plans to $414 billion over next decade
(Reuters - 12/12/2017)
Saudi Aramco plans to raise its spending to $414 billion (310.5 billion pounds) over the next 10 years, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said. The spending plan is higher than Aramco's
Saudi Aramco's Jazan refinery project to be completed by mid-2018
(Oil Review Middleeast - 11/12/2017)
Amin Nasser, president and CEO of Saudi Aramco, has visited the company's Jazan refinery to receive progress updates at the Jazan Economic City (JEC) and refinery and terminal mega-projects in Saudi Arabia. During the site-visit, Nasser said that the
Aramco to cut January oil exports to Asia, keep Europe, U.S. steady
(Reuters - 11/12/2017)
Saudi Aramco plans to reduce its January crude oil shipments to Asia by more than 100,000 barrels per day from December, while keeping its exports to the United States and Europe steady, the Saudi Energy Ministry said in a statement on Monday. "For
Aramco execs see Uber as a bigger threat to oil demand than Tesla
(Business Insider - 11/12/2017)
Senior officials at oil giant Saudi Aramco are more concerned about the growth of ride-sharing apps such as Uber than about the rise of electric vehicles. Speaking to the Financial Times, two senior executives at the Saudi Arabian oil company said they
B&I Announces EPC Award for Aramco Shell Refinery in Saudi Arabia
(Press Release - 07/12/2017)
CB&I today announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction management for SASREF's modernization and expansion of its
London Firms To Visit KSA As Battle For Aramco Listing Continues
(Oilprice.com - 07/12/2017)
Heavyweight firms London will be accompanying the City of London's lord mayor on his trip to Saudi Arabia this coming weekend, as Saudi officials have yet to announce which would be the international stock exchange for the planned listing of 5 percent of
Aramco Trading inaugurates first international office in Singapore
(Press Release - 07/12/2017)
The expansion of Aramco Trading in Singapore is part of Aramco's strategy to optimize value across the whole oil and products chain, servicing our markets and customers, as well as support Saudi Aramco's expanding refining operations and petrochemical
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