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Saudi Arabia Oil and Gas Headlines

Saudi Arabia to Supply Full Jan Crude Volumes to Several Asian Buyers
12/11/2017 - Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge...

CB&I Announces EPC Award for Saudi Aramco Shell Refinery in Saudi Arabia
12/7/2017 - CB&I (CBI) announced it has been awarded a contract for more than $95 million by Saudi Aramco Shell Refinery (SASREF). The scope of work includes the engineering, procurement and construction manageme...

Magseis Awarded Contract Extension for New OBS Survey in the Red Sea
12/5/2017 - Magseis has together with is partner, BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. ...

Wood and Saudi Aramco Sign MoU Supporting In-country Opportunities
11/29/2017 - Wood has entered into a Memorandum of Understanding (MoU) with Saudi Aramco, signalling its continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi...

Sadara, Gulf Interchem Sign MOU for Recycling Plant
11/28/2017 - Sadara Chemical Company (Sadara) signed a Memorandum of Understanding (MOU) with Gulf Interchem, a Bahrain-based technology company focused on innovating in the field of low-value chemical by-product ...

Aramco and SABIC Sign MOU for $20 Billion Oil-to-Chemicals Project
11/26/2017 - Saudi Aramco and SABIC have signed a memorandum of understanding (MoU) to develop a fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, which governs the execution o...

McDermott Awarded Safaniya EPCI Contract for Saudi Aramco
11/20/2017 - McDermott International, Inc. announced a major* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya onshore and offshore field...

Saudi Aramco Converts Jeddah Refinery to Products Distribution Hub
11/19/2017 - Saudi Aramco has shut down its 80,000 barrel per day crude oil refinery in Jeddah indefinitely, converting the complex into a hub for oil products distribution, it said. Aramco has been considering wh...

Saipem Awarded New Onshore E&C Contracts Worth Around $1B
11/16/2017 - Saipem has been awarded a new contract in Onshore E&C. Activities involve engineering, procurement, construction and commissioning for the “Hawiyah Gas Plant (HGP) Expansion Project” located in the so...

Oil Prices Rise on Supply Cuts & Political Tensions in Saudi Arabia
11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC members plan to extend oil production cuts through 201...

Saudi Aramco Signs US$4.5B Agreements for Oil and Gas Megaprojects
11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas prod...

Aramco Close to Awarding Gas Project Contract to Tecnicas Reunidas
11/7/2017 - Saudi Aramco is close to awarding a contract to Spanish engineering group Tecnicas Reunidas, industry sources said. “TR received a letter of intent from Aramco,” said one of the sources. ...

Eversendai Awarded Major Offshore Fabrication Project for Saudi Aramco
11/6/2017 - Eversendai Corporation Berhad (The Group) announced that its wholly owned subsidiary Eversendai Offshore RMC FZE in the UAE, has been awarded a major offshore fabrication project for Saudi Aramco. Thi...

Saudi Aramco Contractor Arkad Forms Oil, Gas Venture With ABB
11/6/2017 - Swiss engineering conglomerate ABB is putting its turnkey projects arm for the oil and gas industry into a joint venture majority owned by Saudi Arabia’s Arkad Engineering & Construction, as ABB seeks...

Saudi Aramco to Push Back Shutdown at Ras Tanura Refinery
11/4/2017 - Saudi Aramco is expected to shut down its condensate splitter at its Ras Tanura refinery by the end of November for a month for planned maintenance work, two industry sources said, later than original...

Saudi Seeks $500B Business Zone with Jordan, Egypt
10/31/2017 - The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the ...

Saudi Arabia Ready to Extend Oil Output Cut Deal
10/28/2017 - Crown Prince Mohammed bin Salman reiterated Saudi Arabia’s readiness to support the extension of a global oil production cut agreement. ...

Saudi Arabia Oil Demand - October 2017
10/24/2017 - In Saudi Arabia, August 2017 oil demand returned to a declining trend as oil demand dipped steeply by 0.26 mb/d, or 9% y-o-y, to reach approximately 2.67 mb/d. On a cumulative basis, from January to A...

Zamil, UTEC Enter Offshore Survey Pact in Saudi Arabia
10/24/2017 - Zamil Offshore Services and UTEC, an Acteon company, have formed a strategic partnership where both companies will work together exclusively to execute offshore survey projects in the Kingdom of Saudi...

Saudi Aramco Sees Progress on Chemical Project Plan with SABIC by Year-end
10/24/2017 - Saudi Aramco expects to decide by the end of 2017 on plans for a joint oil-to-chemicals project with Saudi Basic Industries Corp (SABIC), Aramco’s chief executive said. An industry source said in Augu...


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