Aramco awards US$4.5bn offshore oil and gas contracts
Saudi Aramco has signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. The agreements are valued at nearly $4.5 billion in total. Eight agreements were signed, including three agreements with Madrid-based Técnicas Reunidas...
CB&I wins Storage Project in Saudi Arabia
CB&I announced it has been awarded a contract by Técnicas Reunidas, S.A. for new product storage tanks that will be part of a clean fuels expansion project at Saudi Aramco’s refinery in Ras Tanura, Saudi Arabia. CB&I’s scope includes the engineering, procurement, fabrication and construction of nine flat bottom tanks, as well as modifications to...
Saudi Aramco signs deal to develop supply chain with KBR
Saudi Aramco’s commitment to develop a competitive and reliable local supply chain through its In-Kingdom Total Value Add (IKTVA) program was given a significant boost with the signing of a Memorandum of Understanding (MoU) with one of its key supply chain partners, Kellogg Brown & Root Limited (KBR). Hosted by Saudi Aramco president and CEO...
Amec Foster Wheeler win Aramco oilfield contract
Amec Foster Wheeler announced that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia. Under the five-year contract, Amec Foster Wheeler will deliver the pre-FEED, FEED, overall programme management,...
McDermott inks partnership deal with Saudi Aramco
McDermott International, Inc. announced today it signed another memorandum of understanding (MOU) with Saudi Aramco to expand and develop the company’s physical and human capital within Saudi Arabia as part of Aramco’s In-Kingdom Total Value Add (IKTVA) initiative. The MOU was signed as part of the first ever Saudi-U.S. CEO Forum. McDermott was the only...
Saudi Aramco and Jacobs create JV
Saudi Aramco entered into an agreement with Jacobs to form a Saudi Arabia-based joint venture company to provide professional program and construction management (PMCM) services for social infrastructure projects throughout the Kingdom and across the Middle East and North Africa. Jacobs’ presence in Saudi Arabia spans more than 40 years. Jacobs Chairman and CEO Steve...
SNC-Lavalin wins Aramco processing plant work
SNC-Lavalin is pleased to announce that it was awarded a contract by Saudi Aramco for engineering and project management services for the Berri Increment Program. New facilities are proposed at Saudi Aramco’s existing plants at Abu Ali and Khursaniyah to process a potential increased output of Arabian Light crude from the Berri Field on the...
Aramco, Adnoc, Masdar partner on energy R&D
Saudi Arabian Oil Company (Saudi Aramco) today signed two separate Memorandums of Understanding with Abu Dhabi National Oil Company (ADNOC) and with Masdar, Abu Dhabi’s renewable energy company, covering energy and technology collaboration, renewables, and carbon management. Under the terms of the MoU between Saudi Aramco and ADNOC, the two companies will collaborate on identifying...
Wood Group secures Aramco contract
Wood Group has secured a five year, multi-million dollar framework agreement to continue to provide engineering and project management services to Saudi Aramco’s onshore capital programmes in the Kingdom of Saudi Arabia. Effective immediately, the contract also includes three, one year extension options and will be delivered locally in Saudi Arabia. First awarded in 2010,...
McDermott wins EPCI Saudi Aramco Contract
McDermott International, Inc. announced a contract award from Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of four jackets and three gas observation platforms offshore Saudi Arabia. The total weight of all structures combined is 11,595 tons. “As the third fast-track jacket contract from Saudi Aramco in the last 18 months, this award...
Saudi Aramco take delivery of first wind turbine
Executives from Saudi Aramco’s Power Systems and General Electric (NYSE: GE) gathered in Dhahran recently to celebrate the delivery of the first wind turbine in Saudi Arabia, marking a historic milestone for renewable energy in the Kingdom. Supplied by GE, the 2.75-120 wind turbine will provide power to Saudi Aramco’s Bulk Plant located in Turaif,...
Jacobs Awarded Contract Extension by Saudi Aramco
Jacobs Engineering Group Inc. (NYSE:JEC) announced that it has received an amendment from Saudi Aramco for its general engineering services (GES) contract. While officials did not disclose the contract value, the five-year extension builds on the framework of the original contract signed in 2011. Services include engineering, procurement and construction management services associated with Saudi...