Saudi Arabia
Posted inProducts & Services

Eyeing growth in the Kingdom

by Matthew Amlot

Oil & Gas Middle East spoke with Firas Soussan, Senior Director, Operations, Saudi Arabia at McDermott, on the expansion of his company’s operations in Saudi Arabia

Talk to me about the nature of McDermott’s Saudi operations. McDermott’s Saudi Offshore operations were established in 1964. Our storage business, CB&I, was established even earlier, in 1925, and our onshore operations began in 1985. Today, we stand as the premier provider of offshore EPCI services in the country. Our long history in the Kingdom […]

Posted inNews

Saudi Arabia looks to position NEOM as a hydrogen leader

by Alan Mammoser

Discussions occurred at the World Hydrogen MENA conference, held in Dubai last month. It brought together more than 200 attendees for two days of panels and networking

At the first-ever conference devoted exclusively to carbon-free hydrogen in the Middle East and North Africa (MENA), participants looked in depth at the technical and financial complexities of getting major projects off the ground. They covered projects announced by various consortiums worldwide, all in early-stage development. An exception appeared in Saudi Arabia’s $5bn hydrogen-based ammonia […]

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Standing on the precipice

by Matthew Amlot

Oil & Gas Middle East reconvenes its hydrogen thinktank to discuss how adoption of the future fuel is progressing and the Middle East’s role in helping drive the energy transition

Navigating the energy transition and the changing demands of the energy mix have been hot button topics within the oil and gas industry. Numerous solutions have been suggested as to how the world can reduce its reliance on hydrocarbons and help mitigate climate change and, of these, hydrogen has emerged as a serious contender as […]

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UK PM Johnson to meet UAE, Saudi Crown Princes amid oil market supply worries

by Matthew Amlot

The leaders will meet while global markets continue a tumultuous 2022 amid Russia’s ongoing war in Ukraine

UK Prime Minister is set to visit the UAE and Saudi Arabia this week amid calls for the Organization of Petroleum Exporting Countries (OPEC) to increase oil output, Arabian Business reported. Oil prices have surged this year as supply issues caused prices to increase with the Ukraine-Russia crisis later throwing markets into turmoil. Sanctions imposed […]

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Oil & Gas KSA officially launches

by Matthew Amlot

New platform goes live with content catering to key decision-makers and influencers in the Saudi Arabian energy market

Oil & Gas KSA, a new platform exclusively catering to the Saudi Arabian energy sector, went live on Monday, February 28. The site is available here. Energy industry stakeholders can sign up now for access to Oil & Gas KSA’s newsletter. The launch of the Oil & Gas KSA online will be followed up with […]

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Regulators, policy makers need to lead dialogue with energy industry for transition, Aramco CEO says

by Matthew Amlot

The energy industry needs to be part of the discussion and the solution, Amin Nasser says

The energy transition needs policy makers and regulators to come together with the energy industry in order for it to be successful, the CEO of Saudi Aramco said. “We need to have a better dialogue where we are part of the discussion and the solution. We’ve seen what happened in Glasgow… we were kept away […]

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PIF receives shares worth about $80 billion from Saudi Aramco

by Angitha Pradeep

The transfer of shares also support the PIF’s plan to grow its assets under management to $1.07 trillion by the end of 2025

Saudi Arabia has transferred 4% of Saudi Aramco shares to its sovereign wealth fund – Public Investment Fund (PIF) – according to a statement. In line with Aramco’s market capitalisation, a 4% stake would mean shares worth about $80 billion. Prince Mohammed bin Salman, Saudi Arabia’s Crown Prince, Deputy Prime Minister, Chairman of the Council […]

Posted inNews

Emerson signs deal with Saudi Aramco on IKTVA, Saudi Vision 2030

by Matthew Amlot

The agreement focuses on developing Emerson and Aramco’s partnership in advancing localisation efforts in Saudi Arabia.

Emerson signed a memorandum of understanding with Saudi energy giant Aramco at the IKTVA 2022 Forum & Exhibition, the firm said on Thursday. The agreement focuses on developing Emerson and Aramco’s partnership in advancing localisation efforts in Saudi Arabia. “We are grateful for the continued partnership with Saudi Aramco in supporting critical national initiatives such […]

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Saudi Arabia, Iraq look to link power grids

by Lauren Holtmeier

Baghdad is looking to decrease reliance on Iranian Imports and is turning to Saudi Arabia to supply electricity

Saudi Arabia and Iraq have taken steps to connect the power grids of the two largest oil producers in OPEC, Saudi state news agency SPA reported. Baghdad currently relies on Iranian imports for energy, and while the US has granted sanctions waivers to Iraq to continue importing fuel from Iran, which is heavily sanctioned by […]

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Saudi Arabia’s SPARK breaks ground on 277,000 square metre drilling site

by Matthew Amlot

Construction on the site is set to be completed by Q2 2023

King Salman Energy Park (SPARK) in Saudi Arabia announced that Aramco and Horizon Project Company broke ground on a 277,000 square metre drilling and workover site on Wednesday. Construction on the site is set to be completed by Q2 2023. “This is another significant venture by Aramco that will contribute to business continuity. We expect […]

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