Saudi Aramco

Aramco and GCT Semiconductor Holding, Inc. Sign MOU to Accelerate the Development of the 4G and 5G Ecosystem in Saudi Arabia

Retrieved on: 
Friday, April 5, 2024
Technology, Mobile, Wireless, Semiconductor, 5G, Networks, Internet, Hardware, IOT (Internet of Things), Consumer Electronics, GCTS, LTE, Internet of things, NTN, MOU, Saudi Aramco, Mobile phone

Aramco has signed a Memorandum of Understanding (MOU) with GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, setting the stage for a strategic collaboration that would further develop the 4G/5G ecosystem in Saudi Arabia for both mission-critical and public safety networks.

Key Points: 
  • Aramco has signed a Memorandum of Understanding (MOU) with GCT Semiconductor Holding Inc. (“GCT”) (NYSE: GCTS), a leading designer and supplier of advanced 5G and 4G semiconductor solutions, setting the stage for a strategic collaboration that would further develop the 4G/5G ecosystem in Saudi Arabia for both mission-critical and public safety networks.
  • The collaboration aims to design and co-develop chipsets and modules tailored for LTE, 5G and the NTN spectrum in order to support the localization of wireless end-user devices and IoT manufacturing throughout the Kingdom.
  • “We look forward to working with Aramco and leveraging our advanced 4G and 5G capabilities with future-focused AI-driven modem features to help develop the local ecosystem and provide reliable and fast communication for their key applications in Saudi Arabia and the broader region,” said John Schlaefer, CEO of GCT Semiconductor, Inc.

Valaris Announces Contract Suspension for Jackup VALARIS 143

Retrieved on: 
Thursday, April 4, 2024
Engineering, Other Energy, Maritime, Oil, Gas, Transport, Manufacturing, Energy, Saudi Aramco, Limited, ARO, Valaris

Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that ARO Drilling (“ARO”), its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143 (EXL I).

Key Points: 
  • Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) announced today that ARO Drilling (“ARO”), its joint venture in Saudi Arabia, received a notice of suspension from Aramco for one of its 19 contracted rigs, jackup VALARIS 143 (EXL I).
  • The suspension notice is for a period of up to twelve months and ARO is in discussions with Aramco to determine the effective date of the suspension.
  • During the suspension period, ARO will have the right to terminate the drilling contract with Aramco.
  • Valaris leases VALARIS 143 (EXL I) to ARO under a bareboat charter agreement.

C LADTEK GROUP: Building A Sustainability Future - 20 Years of Additive Innovation

Retrieved on: 
Tuesday, April 2, 2024
Development, BP, Corrosion, Domestic, ExxonMobil, Saudi Aramco, CRA, MLT, Fossil fuel, CCUS, MLP, Oil, Renewable energy

The central theme of this 20th-anniversary celebration was "Building A Sustainable Future – 20 Years of Innovative Additions," highlighting the company's commitment to innovation and sustainability in product development.

Key Points: 
  • The central theme of this 20th-anniversary celebration was "Building A Sustainable Future – 20 Years of Innovative Additions," highlighting the company's commitment to innovation and sustainability in product development.
  • Cladtek uses Corrosion-Resistant Alloy (CRA) to manufacture mechanically lined pipe and weld overlay (Cladding) solutions specifically for the energy industry.
  • Celebrating its 20th year, Cladtek remains steadfast in its commitment to making a meaningful contribution to the energy transition.
  • We are very proud that this is being achieved by exporting Indonesian talent, technology and products from our home in Batam" exclaimed Lee Wilson.

Saudi Arabia Data Center Market Investment Analysis Report 2024-2029: Growth Opportunities in IT, Electrical, Mechanical Infrastructure, General Construction, and Tier Standards

Retrieved on: 
Wednesday, March 13, 2024
Cloud, Microsoft, QST, Oracle Cloud, Saudi Telecom Company, Partnership, Telephone, Saudi Aramco, AWS, City, Amazon Web Services, Investment, STC, Arms industry

DUBLIN, March 13, 2024 /PRNewswire/ -- The "Saudi Arabia Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 13, 2024 /PRNewswire/ -- The "Saudi Arabia Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering.
  • The Saudi Arabia data center market is expected to reach a value of $2.08 billion by 2028 from $1.31 billion in 2022, growing at a CAGR of 7.98% from 2022-2028
    This report analyses the Saudi Arabia data center market share.
  • Riyadh is the primary location for investment in the Saudi Arabia data center market, followed by Jeddah, Dammam, and other cities.
  • Which all cities are included in Saudi Arabia data center market report?

Aramco Digital and LTIMindtree to Launch KSA Digital and IT Services Company

Retrieved on: 
Wednesday, March 6, 2024
Technology, Consulting, Other Technology, Telecommunications, Professional Services, Software, Internet, Electronic Design Automation, Data Management, Other Professional Services, MENA, Multimedia, Digital, LTIMindtree, Vision 2030, KSA, Saudi Aramco, Kingdom, Information technology, Partnership, Management

Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, have signed a shareholders’ agreement to create an IT services company in the Kingdom of Saudi Arabia.

Key Points: 
  • Aramco Digital, the digital and technology subsidiary of Aramco, and LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, have signed a shareholders’ agreement to create an IT services company in the Kingdom of Saudi Arabia.
  • The prospective company would showcase innovation in action, including disruptive digital services, and transformative industry 4.0 systems integration capabilities.
  • View the full release here: https://www.businesswire.com/news/home/20240305169589/en/
    Signing of the shareholders' agreement between LTIMindtree and Aramco Digital.
  • Left to right, Sudhir Chaturvedi, President, and Executive Board Member, LTIMindtree and Tareq Amin, CEO, Aramco Digital.

ASTON MARTIN ARAMCO FORMULA ONE® TEAM AND VALVOLINE™ GLOBAL OPERATIONS COLLABORATE TO CELEBRATE VALVOLINE MECHANICS MONTH

Retrieved on: 
Thursday, February 29, 2024
Aston, Student, Formula, Education, Transport, Mechanics, Formula One, Mechanic, World championship, FIA, Knowledge, Team, British Grand Prix, Australian Grand Prix, Saudi Aramco, Partnership, Video game

Aston Martin Aramco Formula One® Team and Valvoline Global partner on responsible business initiative, inviting local student mechanics to the AMR Technology Campus and trackside at Silverstone as part of new Mechanics Apprenticeship Programme

Key Points: 
  • Aston Martin Aramco Formula One® Team and Valvoline Global partner on responsible business initiative, inviting local student mechanics to the AMR Technology Campus and trackside at Silverstone as part of new Mechanics Apprenticeship Programme
    SILVERSTONE, England, Feb. 29, 2024 /PRNewswire/ -- The Aston Martin Aramco Formula One® Team together with its Official Lubricant Partner Valvoline Global, today announced plans for a collaborative Valvoline Mechanics Month initiative.
  • Aston Martin Aramco will partner with Valvoline Global on multiple activations over the course the year.
  • Andy Stevenson, Sporting Director, Aston Martin Aramco Formula One® Team, quote: "Aston Martin Aramco is proud to support Valvoline Mechanics Month, an initiative that our partner, Valvoline Global, established and has supported for many years.
  • Robert Kenny, Chief Brand & Digital Officer, Valvoline Global, quote: "Valvoline Global is thrilled to join forces with Aston Martin Aramco in celebrating Valvoline Mechanics Month and recognizing the invaluable contributions of mechanics worldwide.

ASTON MARTIN ARAMCO FORMULA ONE® TEAM AND VALVOLINE™ GLOBAL OPERATIONS COLLABORATE TO CELEBRATE VALVOLINE MECHANICS MONTH

Retrieved on: 
Thursday, February 29, 2024
Aston, Student, Formula, Education, Transport, Mechanics, Formula One, Mechanic, World championship, FIA, Knowledge, Team, British Grand Prix, Australian Grand Prix, Saudi Aramco, Partnership, Video game

Aston Martin Aramco Formula One® Team and Valvoline Global partner on responsible business initiative, inviting local student mechanics to the AMR Technology Campus and trackside at Silverstone as part of new Mechanics Apprenticeship Programme

Key Points: 
  • Aston Martin Aramco Formula One® Team and Valvoline Global partner on responsible business initiative, inviting local student mechanics to the AMR Technology Campus and trackside at Silverstone as part of new Mechanics Apprenticeship Programme
    SILVERSTONE, England, Feb. 29, 2024 /PRNewswire/ -- The Aston Martin Aramco Formula One® Team together with its Official Lubricant Partner Valvoline Global, today announced plans for a collaborative Valvoline Mechanics Month initiative.
  • Aston Martin Aramco will partner with Valvoline Global on multiple activations over the course the year.
  • Andy Stevenson, Sporting Director, Aston Martin Aramco Formula One® Team, quote: "Aston Martin Aramco is proud to support Valvoline Mechanics Month, an initiative that our partner, Valvoline Global, established and has supported for many years.
  • Robert Kenny, Chief Brand & Digital Officer, Valvoline Global, quote: "Valvoline Global is thrilled to join forces with Aston Martin Aramco in celebrating Valvoline Mechanics Month and recognizing the invaluable contributions of mechanics worldwide.

Network for Teaching Entrepreneurship (NFTE) Announces 60 Finalists for World Series of Innovation Competition

Retrieved on: 
Friday, February 9, 2024
Entrepreneurship, Transport, EY, WSI, Education, City, STEM, MetLife, Corporate social responsibility, AI, Saudi Aramco, BMO, Creativity, Ernst & Young, NFTE, Teaching, Face, Sustainable Development Goals, Philanthropy, Network, Creative industries

New York, NY, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Network for Teaching Entrepreneurship (NFTE) is pleased to announce the finalists for the 2023-2024 World Series of Innovation (WSI) competition.

Key Points: 
  • New York, NY, Feb. 09, 2024 (GLOBE NEWSWIRE) -- The Network for Teaching Entrepreneurship (NFTE) is pleased to announce the finalists for the 2023-2024 World Series of Innovation (WSI) competition.
  • "The World Series of Innovation competition showcases the incredible talent and creativity of the next generation of diverse entrepreneurs from around the world,” said Dr. J.D.
  • The first, second, and third place winners in each challenge category will be announced on April 15, 2024, at innovation.nfte.com .
  • 2024 World Series of Innovation Competition finalists:

DHL Supply Chain and Aramco launch ASMO

Retrieved on: 
Monday, February 5, 2024
Growth, ASMO, Sustainability, Digital, Carbon, DHL, Automation, DHL Supply Chain, Artificial intelligence, Data analysis, Face, Saudi Aramco

DAMMAM, Saudi Arabia, Feb. 5, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations); a new Procurement and Logistics Services Hub in Saudi Arabia.

Key Points: 
  • Newly created company aims to drive supply chain efficiencies in procurement and logistics for the energy, chemical and industrial sectors
    DAMMAM, Saudi Arabia, Feb. 5, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations); a new Procurement and Logistics Services Hub in Saudi Arabia.
  • Mr. Salem Al Huraish, Chairman of ASMO, commented: "We have formed ASMO, with the vision to establish sustainable solutions for the modern supply chain challenges we all face.
  • Mr. Oscar de Bok, DHL Supply Chain CEO, emphasized the transformative power of the joint venture: "By uniting the expertise of DHL Supply Chain and Aramco in this new joint venture we aim to break free from traditional procurement and logistics constraints, responding to the evolving dynamics of global supply chains.
  • In a world challenged by supply shortages, logistics disruptions, and rising costs, ASMO is poised to emerge as a regional supply chain hub, covering supply chain services from procurement to logistics, warehousing, and even a B2B e-marketplace for customers.

DHL Supply Chain and Aramco launch ASMO

Retrieved on: 
Monday, February 5, 2024
Growth, ASMO, Sustainability, Digital, Carbon, DHL, Automation, DHL Supply Chain, Artificial intelligence, Data analysis, Face, Saudi Aramco

DAMMAM, Saudi Arabia, Feb. 5, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations); a new Procurement and Logistics Services Hub in Saudi Arabia.

Key Points: 
  • Newly created company aims to drive supply chain efficiencies in procurement and logistics for the energy, chemical and industrial sectors
    DAMMAM, Saudi Arabia, Feb. 5, 2024 /PRNewswire/ -- Aramco, one of the world's leading integrated energy and chemicals companies, and DHL Supply Chain (DHL), global leader in contract logistics, have formed a joint venture company, ASMO (Advanced Supply Management Operations); a new Procurement and Logistics Services Hub in Saudi Arabia.
  • Mr. Salem Al Huraish, Chairman of ASMO, commented: "We have formed ASMO, with the vision to establish sustainable solutions for the modern supply chain challenges we all face.
  • Mr. Oscar de Bok, DHL Supply Chain CEO, emphasized the transformative power of the joint venture: "By uniting the expertise of DHL Supply Chain and Aramco in this new joint venture we aim to break free from traditional procurement and logistics constraints, responding to the evolving dynamics of global supply chains.
  • In a world challenged by supply shortages, logistics disruptions, and rising costs, ASMO is poised to emerge as a regional supply chain hub, covering supply chain services from procurement to logistics, warehousing, and even a B2B e-marketplace for customers.