Tag Archive

Aramco service stations to open in Saudi Arabia

Aramco service stations to open in Saudi Arabia

January 11, 2019 No Comments

In the not-too-distant future, drivers will pull up to Aramco service stations in the Kingdom, and the experience will be a new one. The fuel pumps will be modern and self-serve, if the driver so chooses, with the option of paying with a credit or debit card. A convenience store and a well-recognized restaurant will […]

TechnipFMC and MMHE Sign Offshore Agreement with Saudi Aramco

TechnipFMC and MMHE Sign Offshore Agreement with Saudi Aramco

January 8, 2019 No Comments

 TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), has signed a Long-Term Offshore Agreement with Saudi Aramco. This agreement, valid for 6 years, covers engineering, procurement, fabrication, transportation and installation of offshore facilities for the development of Saudi Aramco’s offshore projects. This agreement builds on the long-term relationship between TechnipFMC and […]

Aramco and Saudi Information Technology Company sign MOU establishing a JV

Aramco and Saudi Information Technology Company sign MOU establishing a JV

December 18, 2018 No Comments

Saudi Aramco and the Saudi Information Technology Company signed a Memorandum of Understanding (MoU) for the creation of an Information and Communication Technology Investment Company; a joint venture (JV) to invest in commercial enterprises in the information, communication and technology sector. The focus of the new JV will be on opportunities with significant potential for […]

Saudi Aramco and Raytheon to establish JV in cybersecurity

Saudi Aramco and Raytheon to establish JV in cybersecurity

December 14, 2018 No Comments

Saudi Aramco and Raytheon Company, through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture company that will develop and provide best-in-class cybersecurity services in Saudi Arabia and the region. The joint venture company will market and provide integrated defensive cybersecurity software and hardware capabilities, and perform research and […]

Localization Efforts in Saudi Arabia

Localization Efforts in Saudi Arabia

December 3, 2018 No Comments

Baker Hughes, a GE company (NYSE:BHGE) received recognition for its localization efforts and announced a series of agreements at Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) Forum. The agreements are in line with Saudi Aramco’s 2030 vision and IKTVA program. BHGE’s support for the advancement of Saudi local suppliers and development of in-country expertise was […]

Lamprell to work with Saudi Aramco

Lamprell to work with Saudi Aramco

November 29, 2018 No Comments

Lamprell with its partners has been selected as a contractor on Saudi Aramco’s Long Term Agreement for Offshore Facilities (LTA) programme. The LTA is part of an ambitious offshore investment programme and covers engineering, procurement, construction, transportation and installation (EPCI) contracts to support Saudi Aramco’s Offshore Maintain Potential Program, Oil & Gas Program, and other […]

Saudi Aramco signs $27.5 billion Deals with suppliers

Saudi Aramco signs $27.5 billion Deals with suppliers

November 27, 2018 No Comments

Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and international energy-sector service and equipment suppliers, manufacturers and small and medium enterprises to explore available investment opportunities with Saudi Aramco in the upstream, chemicals, utilities, non-metallic, IT and cybersecurity, and other […]

Saudi Aramco’s win-win local content strategy

Saudi Aramco’s win-win local content strategy

November 23, 2018 No Comments

Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program is designed to locally source the company’s massive supply chain by incentivizing investment by international and local equipment and service providers, and small and medium enterprises (SMEs). More than 400 companies supplying 24 commodities are currently IKTVA partners, working with the energy and chemicals giant to drive […]

ADNOC and Saudi Aramco Sign Framework Agreement on LNG Cooperation

ADNOC and Saudi Aramco Sign Framework Agreement on LNG Cooperation

November 12, 2018 No Comments

The Abu Dhabi National Oil Company (ADNOC) signed, today, a framework agreement with Saudi Aramco (Aramco), to explore potential opportunities for collaboration in the natural gas and Liquefied Natural Gas (LNG) sectors. The cooperation brings together two of the world’s leading energy producers from the Arabian Gulf to jointly work together in an area of […]

Saudi Aramco breaks ground for new Upstream R&D Center in Russia

Saudi Aramco breaks ground for new Upstream R&D Center in Russia

November 9, 2018 No Comments

Strategic collaboration between Saudi Arabia and Russia continues to progress with Saudi Aramco President and CEO Amin H. Nasser attending the groundbreaking ceremony of a new Saudi Aramco Research Center at the MSU Science Park. The Center is Saudi Aramco’s ninth R&D facility outside the Kingdom and will focus on upstream technologies in simulation and […]

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