Saudi Aramco’s joint venture Huajin Aramco Petrochemical Co (HAPCO) earlier this week broke ground on a $10 billion integrated refinery and petrochemical complex in Panjin city in China’s Liaoning Province. HAPCO is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%). Aramco announced earlier that the complex was expected […]
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Petrofac secures $14 billion ‘landmark’ EPC offshore wind contract
The landmark framework agreement represents the largest in Petrofac’s history.
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ADNOC L&S signs $2.6 billion contract for new logistics platform project
ADNOC Logistics & Services (ADNOC L&S) has signed a $2.6 billion contract with ADNOC Offshore to provide integrated logistics services for its new Integrated Logistics Services Platform (ILSP), one of the largest turnkey offshore logistics offerings in the world that is expected to coordinate end-to-end management of logistics and maritime operations at its base in […]
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Forum Energy Technologies secures $25 million contract from Saudi Aramco
Houston-based technology provider Forum Energy Technologies (FET) has secured a $25 million contract for providing the design, engineering services and supply of four electrostatic desalter systems for an onshore project at the Safaniyah oil field in Saudi Arabia. FET has a major presence in Saudi Arabia serving the oil, natural gas, industrial and renewable energy […]
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Gulf Marine Services lands two offshore contracts
UAE-based offshore contractor Gulf Marine Services (GMS), a supplier of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors, has announced two new contracts for one of its small class vessels in the Gulf region. “The daily rates secured for these contracts reflect strong demand for our vessels,” the company said […]
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du’s Jassim Al Awadi on adopting mixed reality technologies
Jasim Al Awadi, Chief ICT Officer (Acting), du, reveals how the company is pioneering digital twin technologies and how its partnership with the RTA elevates their capabilities as a digital innovation provider
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Aramco’s massive production expansion to support China’s energy strategy, CEO Amin Nasser says
Saudi Aramco’s oil production capacity expansion by a million barrels per day to 13 million barrels by 2027 will strengthen China’s long-term energy security, company President and CEO Amin H Nasser told China Development Forum 2023. In addition, the oil major will increase its gas production by more than 50% by 2030, which should release an additional […]
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Aramco announces construction of major refinery and petrochemical complex
Aramco and joint venture partners NORINCO Group and Panjin Xincheng Industrial Group plan to start construction of a major integrated refinery and petrochemical complex in northeast China, Aramco announced today. Huajin Aramco Petrochemical Co (HAPCO), which is a joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%), is developing the complex […]
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Aramco signs deal with Samsung for industrial 5G networks
Aramco announced on March 24 that it has signed a non-binding agreement with Samsung Electronics Ltd., which sets forth preliminary plans for a strategic collaboration that would localise an industrial 5G technology ecosystem, starting with private networks, in Saudi Arabia. The proposed collaboration aims to contribute to the digital transformation of various industrial sectors in […]
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L&T wins major offshore contracts in the Middle East
Indian contractor L&T announced in a statement that it has secured multiple offshore EPCI contracts from a ‘prestigious overseas client.’ According to a report by Upstream, the contracts have been awarded by Saudi Aramco to a consortium of Subsea 7 and L&T under the Aramco’s long-term agreement (LTA) framework to which a select group of […]