LTHE wins US$ 1.01 bn oil contract from Saudi Aramco
22nd July 2019
According to *Arabian Business news report, Mumbai-based L&T Hydrocarbon Engineering Limited (LTHE), a subsidiary of Larsen & Toubro (L&T), has won a $1.01 billion contract from Saudi Aramco for its key oil field development project in Marjan.[..]
Saudi Aramco awards US$ 18 Bn contracts to boost output capacity
10th July 2019
According to *Arabian Business news report, Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore deposits even as the kingdom and its OPEC partners restrict actual production.[..]
Saudi Aramco,Baker Hughes sign MoU to create new JV facility in Saudi Arabia
3rd July 2019
According to *ME Construction News report, Saudi Aramco and Baker Hughes (BHGE) have signed a memorandum of understanding (MoU) to create a new joint venture (JV) facility in Saudi Arabia to manufacture non-metallic materials for use in the energy industry.[..]
Ineos to build three plants within Saudi Arabia's Jubail 2 complex
4th June 2019
According to *Constructionweekonline news report, UK chemicals company Ineos signed a memorandum of understanding with Saudi Aramco and France’s Total to build three plants within Saudi Arabia's Jubail 2 complex in a $2bn (SAR7.5bn) investment, adding that the location would give the company access to competitive raw materials and energy and solid infrastructure.[..]
Saudi Aramco IPO to go ahead by 2021
7th March 2019
According to *Arabian Business news report, Saudi Aramco, the world’s biggest oil company, is expected to launch its long-awaited initial public offering within two years, an Arab newspaper reported, citing comments from Khalid A. Al-Falih, the minister of energy, industry and mineral resources.[..]
McDermott wins two EPCI contracts from Saudi Aramco
26th February 2019
According to *Constructionweekonline news report, Texas, US-based contractor McDermott slipped into the red with a $2.7bn full-year loss for 2018, but is off to a strong start in 2019 after announcing it has won two engineering, procurement, construction, and installation (EPCI) contracts from Saudi Aramco.[..]
Saudi Aramco,Total sign agreement for construction of 80,000-tonne state-of-the-art PIB plant
1st February 2019
According to *Tradearabia news report, state oil giant Saudi Aramco and its partner Total have signed an agreement with South Korean petrochemical company Daelim for the construction of a new 80,000-tonne state-of-the-art polyisobutylene (PIB) plant, which is likely to come on-stream in 2024.[..]
Saudi Aramco to retain exclusive rights to develop Saudi Arabia’s oil reserves
28th January 2019
According to *Arabian Business news report, Saudi Aramco plans to retain exclusive rights to develop Saudi Arabia’s oil reserves even as the kingdom prepares a multi-billion dollar plan to open up to foreign investment.[..]
Saudi Aramco signs MoU with Dewa to foster collaboration in new energy
25th January 2019
According to *Tradearabia news report, state oil giant Saudi Aramco has signed a Memorandum of Understanding (MoU) with Dubai Electricity & Water Authority (Dewa) to foster collaboration in new energy, smart grid applications and management of power supply.[..]
Saudi Aramco awards two EPC contracts to Saipem
21st January 2019
According to *Constructionweekonline news report, state-owned energy giant Saudi Aramco has awarded two engineering, procurement, and construction (EPC) contracts to Italian oil and gas heavyweight Saipem.[..]