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NEWS |
Subsea 7 awarded contract offshore Saudi Arabia
Subsea 7 today announced the award of a large contract by Saudi Aramco for Marjan Increment Projects - Package 2, offshore Saudi Arabia.
NEWS |
Saudi Aramco reports first half 2019 net income of $46.9 billion
Saudi Aramco on Monday announced for the first time its half-year financial results. The company’s net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period l (...)
NEWS |
McDermott awarded more work by Saudi Aramco
McDermott International has been awarded a contract by Saudi Aramco for engineering, procurement, construction and installation (EPCI) services at the Marjan and Zuluf fields, offshore Saudi Arabia.
NEWS |
Aramco IPO on track for 2020-21, says Saudi crown prince
Saudi Arabia is committed to listing its state oil producer Saudi Aramco between 2020 and 2021 depending on market conditions, according to Crown Prince Mohammed bin Salman.
NEWS |
Saudi Aramco Just Did Something It Never Did Before
Saudi Arabia’s state-run oil company Saudi Aramco has announced a new financial first for the giant: it will hold its very first earnings call in August revealing to the world its H1 2019 results.
NEWS |
Ineos inks deal with Saudi Aramco and Total
INEOS announced it has signed a Memorandum of Understanding with Saudi Aramco and Total, France, to build three new plants as part of the Jubail 2 complex in The Kingdom of Saudi Arabia.
NEWS |
Saudi oil giant Aramco strikes deal to buy US natural gas from Sempra Energy
Saudi Aramco has signed an agreement to buy U.S. liquefied natural gas from San Diego-based utility Sempra Energy, advancing the state-owned oil giant’s goal of becoming a player in the growing intern (...)
NEWS |
Saudi Aramco secures $1.25 billion deal for stake in South Korean refiner
Saudi Aramco has reached an agreement to purchase a 17 per cent stake in South Korea’s oil firm Hyundai Oilbank for around $1.25 billion (Dh4.59 billion) to boost its presence in the refining sector.
NEWS |
Saudi Aramco lifts the lid
Thee national oil company of Saudi Arabia and largest oil company in the world, Saudi Aramco produces around 13 percent of the world’s oil, but its business operations have been notoriously opaque for (...)
NEWS |
Saudi Aramco Is World's Most Profitable Company; Worth $2 Trillion in Valuation?
Saudi Aramco, the national petroleum and natural gas company owned by the government of Saudi Arabia, remained the world’s most profitable company in 2018, posting a net income of $111 billion.
NEWS |
Saudi Aramco to buy 70% stake in petrochemical giant SABIC for $69bn
Saudi Aramco has agreed to acquire 70% stake in petrochemical giant Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia for SAR259.12bn ($69.1bn).
NEWS |
Saudi Aramco IPO will take place within two years, Okaz reports
Saudi Aramco, the world’s biggest oil producing company, plans to sell a five per cent stake as originally planned, within the next two years, Saudi Arabia's Okaz newspaper reported, citing the countr (...)
NEWS |
McDermott awarded substantial offshore EPCI contract from Saudi Aramco
McDermott International, Inc. has announced a substantial contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Sau (...)
NEWS |
Halliburton to bring US shale boom to MENA
Halliburton looks to replicate the shale push in the US to other plays across the world, including the Middle East.
NEWS |
Saipem bags $1.3bn EPIC contracts for Berri and Marjan fields
Italy-based Saipem has bagged two engineering, procurement, installation, construction (EPIC) contracts from Saudi Aramco worth around $1.3bn related to the Berri and Marjan offshore fields in Saudi A (...)
NEWS |
UAE oil rig builder Lamprell forecasts $71m net loss in 2018
UAE-based engineering and contracting services provider Lamprell slid into the red last year, citing margin pressures behind a forecasted $71m (AED261m) net loss for 2018.
NEWS |
Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion
Saipem has been awarded two EPIC contracts assigned by the client Saudi Aramco for a total amount of approximately $1.3 billion as part of the Long Term Agreement for offshore activities in Saudi Arab (...)
NEWS |
Rowan Announces Contract with ConocoPhillips for the Rowan Norway
Rowan Companies plc announced today that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS for an estimated durat (...)
NEWS |
HVPD Brings In The New Year With Middle East Expansion
Electrical network monitoring specialists, High Voltage Partial Discharge (HVPD), has placed its first roots in the Middle East with the relocation of one of its senior business development figures an (...)
NEWS |
Noble jackup wins three contracts offshore Australia
Noble Corp. has issued an update on its offshore drilling rig fleet. In the Gulf of Mexico, W&T Offshore has contracted the drillship Noble Sam Croft. Drilling is expected to start in 1Q 2019 and end (...)
NEWS |
Baker Hughes wins oil wells contract from Saudi Aramco
Baker Hughes, a GE company, has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimising production from new and existing wells across conventional fiel (...)
NEWS |
Saipem servers suffer cyber attack in Middle East
Italian oil services company Saipem (SPMI.MI) said it had identified a cyber attack out of India on Monday that had primarily affected its servers in the Middle East.
NEWS |
Baker Hughes wins Saudi Aramco deal
Baker Hughes has won a stimulation and well testing contract from Saudi Aramco lasting three years, the US oilfield services major said on Tuesday.
NEWS |
ADIPEC 2018: Overview
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC)—one of the world’s leading oil and gas events—took place between 12th and 15th of November, welcoming the industry’s top execut (...)
NEWS |
Innovation and Excellence Celebrated at the 2018 ADIPEC Awards
Innovations from Saudi Aramco, BP Oman and NET Power have been named winners in this year’s ADIPEC Awards, while Mubadala Petroleum has been recognised for its social contribution, and a young Saudi A (...)
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