L&T Hydrocarbon Engineering (LTHE) in consortium with EMAS CHIYODA Subsea has won two engineering, procurement, construction and installation (EPCI) contracts from Saudi Arabia's Saudi Aramco. The contracts are for the supply and installation…
US offshore drilling contractor Rowan Companies and Saudi Aramco have signed a deal to create a new offshore rig outfit. The new organization will be a 50/50 joint venture (JV) which will own, operate, and manage offshore drilling rigs in Saudi Arabia…
Saudi Aramco's offshore projects department has awarded a long-term agreement (LTA) to National Petroleum Construction Co. (NPCC) of Abu Dhabi for the execution of its offshore development program. It is the fifth LTA awarded by Saudi Aramco…
Rig operator Seadrill has received three-year contract extensions from Saudi Aramco for the jackups AOD I and AOD II expiring in June 2019 and July 2019, respectively. The extensions are in direct continuation of the current contracts…
Saudi Aramco made five new oil and gas field discoveries, including one offshore field, and continued its exploration in the Red Sea in 2015. The Kingdom now has a total 134 discovered oil and gas fields. One of the latest was the Faskar offshore field…
Saudi Aramco has extended a contract with Hercules Offshore for the Hercules 266 jackup, for work offshore Saudi Arabia. The contract extension will last until 30 June at a dayrate of US$63,650. The original contract was set to end this month…
Saudi Aramco has begun producing natural gas at its Hasbah field, offshore Saudi Arabia. Hasah is located 150km northeast of Jubail in the Arabian Gulf. It has seven single-well platforms, and is expected to provide up to 1.3 Bcf/d of natural gas…
Saudi Aramco is reducing dayrates by 5% with Hercules Offshore for three jackup rigs. On 9 March, Saudi Aramco sent Hercules a notice of the reductions for five-year contracts for the Hercules 261 and Hercules 262 from US$67,000 per day to $63…
Saudi Aramco, Dubai based rig builder and engineering firm Lamprell, the national shipping company of Saudi Arabia (Bahri) and Hyundai Heavy Industries have signed a memorandum of understanding over establishing a Maritime Complex in Saudi Arabia…
Saudi Aramco and Hyundai Heavy Industries (HHI) have signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in Saudi Arabia. The MoU lays out a comprehensive, multi-faceted business cooperation framework in areas such as engineering…
Saudi Arabian Oil Co. (Saudi Aramco) appointed Amin H. Nasser as its new president and chief executive officer. Nassar. Image from Saudi Aramco. The Saudi Aramco Supreme Council…
Houston-based McDermott received its largest single award in the history of its Middle East operations today (27 August) by Saudi Aramco for brownfield work off Saudi Arabia. Signing the LTA. Image from McDermott…
Saudi Aramco achieved a landmark by energizing its largest tie-in platform with a 46km-long, 230kV submarine composite cable, the longest of its kind. The tie-in platform, TP-20, lies in the world’s largest offshore oil field, Safaniya…
Saudi Aramco selected Houston-based McDermott International as one of the winners of a global competition for a new long-term agreement (LTA) for future brownfield work in various fields offshore Saudi Arabia. The LTA, which was signed on 10 June 2015…
Wood Group has been awarded an offshore maintain potential program contract by Saudi Aramco for greenfield and brownfield engineering services, procurement and construction management support for new facilities in the Arabian Gulf. The six-year contract…
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