Italian contractor Saipem has been awarded a contract by Saudi Aramco for engineering, procurement, construction, installation activities and trunklines and installation works in Saudi Arabia, under a long-term agreement running from 2015 until 2021…
McDermott International recently completed the load-out and installation of the first jacket fully fabricated by the company at its recently opened Dammam fabrication yard in Saudi Arabia. The Safaniya 264 jacket is part of McDermott’s…
Saudi Aramco and partners have proposed to build the US$5.2 billion King Salman International Complex for Maritime Industries & Services, a maritime complex in Saudi Arabia that will be one of the largest yards in the Arabian Gulf. Signing…
Vallianz Holdings secured long-term charter contracts for four vessels valued at up to US$115 million in total in the Middle East, Egypt, and Turkmenistan. The contracts mark Vallianz’s entry into two new markets in the Middle East and Central Asia…
North Oil Co. (NOC) has picked Ramboll to carry out a pre-FEED study for three new wellhead platforms at the giant Al-Shaheen field, off the northeastern coast of Qatar in the Arabian Gulf. Al-Shaheen…
Dynamic Industries Saudi Arabia (Dynamic Saudi Arabia), headquartered in Al-Khobar KSA, and Houston-headquartered Dynamic Industries International (Dynamic International), have been awarded a major offshore project under their long-term agreement with Saudi Aramco…
McDermott International announced a double win in the Middle East today (25 January), including a contract for the largest offshore oil field in the world. Its first “substantial contract,” from Saudi Aramco, is for engineering, procurement…
Pacific Radiance, a provider of integrated offshore marine support services, has re-established its presence in the Middle East with its recently inked multi-year contracts worth up to US$68 million, including options. Under the multi…
ALE is approaching the final stages of its load-out operations for the Upper Zakum 750 Island Surface Facilities (UZ750) Project, based 84km offshore, northwest of Abu Dhabi, UAE. The heavy lifting contractor secured the scope to deliver almost 100 different modules to the north…
Saipem has been awarded new contracts with an overall amount of about US$1 billion, with two major deals awarded by Saudi Aramco. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (engineering…
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…
MacGregor won comprehensive equipment package contracts for a variety of seven specialist support vessels that will operate in the Middle East region. MacGregor will deliver deck cranes and a range of deck machinery to each vessel. The order is booked into Q3 2016 order intake…
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…
Singapore's Vallianz Holdings reported an 18.8% drop in its revenue in Q1, in addition to being awarded a US$63 million charter contract to supply two offshore support vessels (OSV) to a national oil company in the Middle East. The company's revenue dipped to $49…
The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches…
