Saudi Aramco has engaged in discussions with numerous Turkish contractors to explore potential projects worth $50 billion in Saudi Arabia, according to a Bloomberg report last week Representatives from around 80 construction companies met with Aramco executives in Ankara to discuss pre-qualification for upcoming projects scheduled until 2025, Erdal Eren, head of the Turkish Contractors […]
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ADNOC, Aramco, Kent experts outline how Metaverse is transforming the industry
Mark Zuckerberg’s keynote speech in 2021 might have shot the term Metaverse into the mainstream, but it wasn’t a new idea, nor the first time it was discussed. Science fiction writer Neil Stevenson first coined it in his 1992 novel Snow Crash as a place where the characters could go to escape a dreary totalitarian […]
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Aramco awards $24.8 million contract to East Pipes
Saudi Aramco has awarded a contract to East Pipes Integrated Co for nearly $24.8 million, East Pipes said in its bourse disclosure. The eight-month deal covers the manufacturing and supplying of steel pipes to Aramco. East Pipes Integrated indicated that the agreement will reflect on its income statements during the fourth quarter (Q4) of fiscal […]
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Top 5 oil and gas contracts in the Middle East: May 2023
In case you missed the announcements, here is a list of the top five contracts secured for oil and gas projects in the region. (Editor’s note: This list is not a ranking) 1. Aramco awards EPC contract for world’s largest offshore field Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 […]
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Saudi Aramco to partner with Iraq for major gas project
Saudi Aramco is set to develop a major onshore gas field in Iraq, stepping up its investments in hydrocarbon projects outside the kingdom. Iraq is in discussions with Saudi companies, including Aramco, to invest in its oil and gas sector but a final agreement has not yet been reached, the Iraqi Oil Ministry said on […]
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Aramco awards EPC contract for world’s largest offshore field
Aramco has awarded an engineering, procurement, construction and installation (EPCI) contract for its $1 billion Safaniya offshore increment project to China Offshore Oil Engineering Co (COOEC), according to data from DMS Projects. The EPCI works on the Safaniya offshore increment project, which was divided into 10 tenders, includes 13 offshore jackets that will be built in […]
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Aramco awards $480 million contract for steel pipes supply
Saudi-headquartered East Pipes Integrated Co has landed a contract worth over $480 million from Saudi Aramco to manufacture and supply steel pipes for its key projects in the kingdom. The entire contract work will be completed within a 12-month period, East Pipes said in its filing to the Saudi bourse Tadawul. Founded in 2010 in […]
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Aramco awards major EPC contract for offshore Marjan field
Italian contracting giant Saipem has secured a significant EPCI contract from Aramco for phase 3 expansion of the Marjan gas field, according to a report by DMS projects. The project scope involves EPCI of five gas lift platforms, demolition of existing structures as well as gas oil separation plant upgrades. Top contractors including McDermott and […]
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Aramco announces changes in top leadership roles
Aramco has appointed Nasir K. Al-Naimi as president of its Upstream business, and Mohammed Y. Al Qahtani as president of its Downstream business, Aramco announced in a press release today. Both presidents will report along with Aramco’s executive vice presidents to the Company’s President & CEO Amin Nasser. The newly-created positions and appointments, approved by the […]
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Saudi Aramco’s $21 billion Marjan field project: Everything you need to know
The Marjan oil and gas field is located in the Arabian Gulf, off the eastern coast of Saudi Arabia. Owned and operated by Saudi Arabia’s state-owned oil and gas company Saudi Aramco, the offshore field is being expanded as part of the Marjan Crude Increment project. With a total budget of $21 billion, the project […]
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