The pair signed two MoUs to boost in country value initiatives in the oil and gas sector as well as other sectors
Localisation
Posted inProducts & Services
BHGE to open oilfield services facility in King Salman Energy Park
The first phase of the facility will open at the end of 2019
Posted inProducts & Services
King Salman Energy Park will create 100,000 jobs and contribute $6bn to economy
It has already attracted investments from local and international companies
Posted inProducts & Services
Saudi Aramco signs deals worth $27.5bn with suppliers at annual IKTVA localisation forum
The company signed $27.5 billion in 31 commercial collaboration signings
Posted inProducts & Services
Saudi Aramco signs deals worth $27.5bn with suppliers at annual IKTVA localisation forum
The company signed $27.5 billion in 31 commercial collaboration signings
Posted inProducts & Services
Exclusive: Aramco VP of supply chain and procurement comments on IKTVA program
Mohammad A. Al-Shammary, vice president of supply chain and procurement at Saudi Aramco, writes that IKTVA is “on trend to achieve 70% local content and 30% energy-related goods and services exports for Saudi Arabia by 2021”
Posted inDRILLING & PRODUCTION
Almost $400bn to be spent on Saudi IKTVA program in the next 10 years
360,000 trainees are expected to be prepared for labor market by 2030
Posted inProducts & Services
Leadership in transformation: BHGE CEO Lorenzo Simonelli on a changing industry
Lorenzo Simonelli, chairman and CEO of Baker Hughes, a GE company, talks about the changing oil and gas landscape: localisation, digitalisation and collaboration between operators and service companies
Posted inProducts & Services
ADNOC awards Weir three-year contract to provide in-country wellhead equipment
This falls under ADNOC’s In-Country Value strategy to promote localisation
Posted inPeople
PDO holds inaugural ICV Awards event
Major Omani oil and gas firm recognises localisation initiatives.