August 2nd, 20190McDermott International been awarded a contract by Saudi Aramco for the engineering, procurement, construction and installation (EPCI) of a production deck module (PDM) in the Hasbah gas field, with hook-up and modification works in Saudi Arabia's Karan fields in the Arabian Gulf. The scope of contract includes EPCI of wellhead PDM...
July 16th, 20190Saudi Arabian owner Bihar International has placed orders at China's New Times Shipbuilding for the construction of up to eight tankers. According to shipbroking sources, the newbuilding contracts include firm orders for two 110,000 dwt tankers and two 50,000 dwt tankers plus options to order an additional two vessels for each ship...
July 11th, 20190Houston-headquartered offshore services giant McDermott International has been awarded a contract worth over $3bn for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project. McDermott will provide engineering, procurement, construction and installation of the gas-oil separation plant (GOSP), leading a consortium with...
June 28th, 20190Saudi Arabia will soon be able to build VLCCs on home soil. Saudi owner Bahri has signed an MOU with International Maritime Industries (IMI) and Hyundai Heavy Industries (HHI) that will see it place new orders to build new VLCCs tankers at the yard. International Maritime Industries is a new shipbuilding joint venture between Saudi...
June 26th, 20190On a visit to South Korea today, top management at Saudi Aramco has firmed up ties with Hyundai Heavy Industries (HHI), the world’s largest shipbuilder. Saudi Aramco said it has signed an agreement with HHI and Saudi Arabian Industrial Investments Company (Dussur) to jointly set up a company that will manufacture engines and also...
June 25th, 20190McDermott International has been awarded a contract by Saudi Aramco for engineering, procurement, construction and installation (EPCI) services at the Marjan and Zuluf fields, offshore Saudi Arabia. The work scope includes EPCI services for the relocation of control rooms at Zuluf GOSP-4, Marjan GOSP 2 and 3. It includes the...
May 15th, 20190After two of its tankers were hit by suspected explosive devices on Sunday off Fujairah, Saudi Aramco, the world's largest oil and gas company by revenue, said Tuesday it had suffered an attack by armed drones, forcing it to temporarily shut down one of its pipelines. Saudi Aramco officials responded to a fire at East West...
May 13th, 20192International shipping has been placed on high alert after four tankers were “sabotaged” in waters just off Fujairah in the United Arab Emirates. The ships - which include a VLCC and an LR2 belonging to Saudi Arabia’s Bahri, were attacked on Sunday morning. Commenting on the attacks to the two Bahri ships Amjad and Al Marzoqah,...
April 22nd, 20190As Saudi Aramco’s clientele increasingly faces east, its fleet needs are expected to change dramatically from dirty to clean tankers, according to the latest report from Alphatanker, part of AXS Marine. The lion’s share of Saudi crude is now exported to Asia rather than across the Atlantic. As a result of this Alphatanker is...
April 1st, 20190Subsea 7 and Larsen & Tubro’s L&T Hydrocarbon Engineering have been awarded in consortium two contracts by Saudi Aramco for conventional projects in shallow waters offshore Saudi Arabia. The engineering, procurement, construction and installation contracts have been awarded under a long-term agreement with Saudi...
