Saudi Aramco

King Salman Energy Park Sparks New Era of Growth for Saudi Arabia’s Energy Sector

Retrieved on: 
Monday, December 10, 2018
Geography of Asia, Economic history of Saudi Arabia, Western Asia, Dhahran, Saudi Arabia–United States relations, Economy of Saudi Arabia, Saudi Aramco, Saudi Arabia, Amin H. Nasser

SPARK's role in enabling localization within the Kingdom's energy supply chain aligns with the strategic goals of Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program.

Key Points: 
  • SPARK's role in enabling localization within the Kingdom's energy supply chain aligns with the strategic goals of Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program.
  • Highlighting SPARK's role in unlocking the full potential of the Kingdom's energy resources in line with the Kingdom's economic transformation plan, H.E.
  • The energy park's unique value proposition makes it an ideal destination for companies looking to invest in the thriving Saudi Arabian energy services market."
  • Saudi Aramco President and CEO Amin H. Nasser said: "The King Salman Energy Park will start a new era of growth for one of the Kingdom's thriving sectors.

Saudi Aramco Signs Deals Worth $27.5 Billion With Suppliers at Annual IKTVA Localization Forum

Retrieved on: 
Monday, November 26, 2018
Geography of Asia, Economic history of Saudi Arabia, Western Asia, Saudi Arabia–United States relations, Dhahran, Middle East, Saudi Aramco, Saudi Arabia, Economy of Saudi Arabia

The annual flagship event supports the In Kingdom Total Value Add (IKTVA) program, Saudi Aramco's localization strategy to build a world-class supply chain and establish Saudi Arabia as a globally-competitive energy hub in line with Vision 2030, the Kingdom's economic diversification program.

Key Points: 
  • The annual flagship event supports the In Kingdom Total Value Add (IKTVA) program, Saudi Aramco's localization strategy to build a world-class supply chain and establish Saudi Arabia as a globally-competitive energy hub in line with Vision 2030, the Kingdom's economic diversification program.
  • In return, companies with a local presence can take advantage of more than SAR 1.7 trillion being spent by Saudi Aramco on localization opportunities over the next decade.
  • As of now, 51 percent of each riyal Saudi Aramco earmarks for materials and services is spent locally."
  • The annual IKTVA Forum & Exhibition is the leading global energy supply-chain event, driving additional domestic value and maximizing sustainable, long-term growth for the Kingdom's changing economy.

Saudi Aramco to Hold 4th Annual IKTVA Forum & Exhibition for Best Practices in Local Content

Retrieved on: 
Thursday, November 22, 2018
Geography of Asia, Economic history of Saudi Arabia, Western Asia, Dhahran, Asia, Saudi Aramco, Saudi Arabia

This year's IKTVA Forum & Exhibition will reinforce the program's positive impact on the national economy in alignment with Vision 2030, Saudi Arabia's economic diversification program.The event will highlight success stories and best practices for promoting supplier local content.

Key Points: 
  • This year's IKTVA Forum & Exhibition will reinforce the program's positive impact on the national economy in alignment with Vision 2030, Saudi Arabia's economic diversification program.The event will highlight success stories and best practices for promoting supplier local content.
  • The IKTVA Forum is enriched by an exhibition of local and international companies along with training academes, industrial parks and government entities.
  • The 2018 IKTVA Forum & Exhibition is the leading global energy supply-chain event, hosting a diverse range of industry sectors both local and international, large and small.
  • Over the past four years, large companies and SMEs have partnered with Saudi Aramco to build a world-class, competitive energy sector.

Ensco plc and Rowan Companies plc Agree to Combine, Creating Industry-Leading Offshore Driller

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Monday, October 8, 2018
Offshore engineering, Ensco plc, ENSCO, Rowan Companies, Saudi Aramco, Economy of Saudi Arabia, Petroleum industry, Engineering

LONDON, Oct. 8,2018 /PRNewswire/ -- Ensco plc (NYSE: ESV) and Rowan Companies plc (NYSE: RDC) jointly announced today that the companies have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction.

Key Points: 
  • LONDON, Oct. 8,2018 /PRNewswire/ -- Ensco plc (NYSE: ESV) and Rowan Companies plc (NYSE: RDC) jointly announced today that the companies have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction.
  • The Saudi Aramco partner to the ARO Drilling joint venture has consented to the combination between Rowan and Ensco.
  • Under the terms of the transaction agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share.
  • Ensco and Rowan share a common culture built around safety and operational excellence, innovation, technical expertise and customer satisfaction.

Saudi Aramco, Air Products, and ACWA Power to Form Over $8 Billion Gasification/Power Joint Venture at Jazan Economic City

Retrieved on: 
Sunday, August 12, 2018
Middle East, ACWA Power, Economic history of Saudi Arabia, Geography of Asia, Western Asia, Saudi Aramco, ACWA, Saudi Arabia

The JV will purchase the gasification assets, power block and the associated utilities from Saudi Aramco for over $8 billion.

Key Points: 
  • The JV will purchase the gasification assets, power block and the associated utilities from Saudi Aramco for over $8 billion.
  • Saudi Aramco will supply feedstock to the JV, and the JV will produce power, hydrogen and other utilities for Saudi Aramco.
  • Air Products will own at least 55 percent of the JV, with Saudi Aramco and ACWA Power owning the balance.
  • ACWA Power Chairman Mohammad Abunayyan added: "ACWA Power is committed to the expansion of the PPP model into the power sector.

SNC-Lavalin awarded additional five-year framework agreement with Al Khafji Joint Operations in Saudi Arabia

Retrieved on: 
Monday, July 16, 2018
SNC-Lavalin, S&P/TSX 60 Index, Khafji, Lavalin, SNC, Kuwait Gulf Oil Company, Saudi Aramco, Business, Economy of Saudi Arabia, Economy, SNC-Lavalin Rail & Transit

MONTREAL, July 16, 2018 /CNW Telbec/ -SNC-Lavalin (TSX: SNC) subsidiary SNC-Lavalin Engineers and Constructors Inc. has signed a five-year framework agreement to provide International General Engineering Services to Al Khafji Joint Operations (KJO), a joint operations company comprised of Aramco Gulf Operations Company Limited and Kuwait Gulf Oil Company.

Key Points: 
  • MONTREAL, July 16, 2018 /CNW Telbec/ -SNC-Lavalin (TSX: SNC) subsidiary SNC-Lavalin Engineers and Constructors Inc. has signed a five-year framework agreement to provide International General Engineering Services to Al Khafji Joint Operations (KJO), a joint operations company comprised of Aramco Gulf Operations Company Limited and Kuwait Gulf Oil Company.
  • SNC-Lavalin's teams based in Houston, Texas and Al Khobar in Saudi Arabia will carry out the work, supported by SNC-Lavalin's global centers of excellence in London, Calgary and Mumbai.
  • "These agreements allow us to work closely as a trusted partner to our clients, providing valuable engineering services over many years."
  • Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure.

YASREF Awards Jacobs General Engineering Services Contract for Saudi Arabia Refinery

Retrieved on: 
Thursday, June 14, 2018
Middle East, Geography of Asia, Saudi Arabia, Economic history of Saudi Arabia, Dhahran, Saudi Aramco, Yanbu, SABIC, Madīnat Yanbu‘ aş Şinā‘īyah, Royal Commission for Jubail and Yanbu, Economy of Saudi Arabia

DALLAS, June 14, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC), through its local subsidiary in Saudi Arabia, Jacobs ZATE , has been awarded a three-year, general engineering services (GES) contract from Yanbu Aramco Sinopec Refining Company Ltd. (YASREF) to help optimize the production at Yasref's Yanbu Industrial City facilities in Saudi Arabia.

Key Points: 
  • DALLAS, June 14, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC), through its local subsidiary in Saudi Arabia, Jacobs ZATE , has been awarded a three-year, general engineering services (GES) contract from Yanbu Aramco Sinopec Refining Company Ltd. (YASREF) to help optimize the production at Yasref's Yanbu Industrial City facilities in Saudi Arabia.
  • "This new contract reaffirms our world-class engineering services that will be delivered through our local expert teams, with reach-back to our global subject matter expertise", said Jacobs Energy, Chemicals and Resources Vice President and General Manager EMEA David Zelinski.
  • The YASREF full conversion refinery is the key facility in Yanbu Industrial City, covering about 5.2 million square meters.
  • Jacobs has been operating in Saudi Arabia for more than 40 years, developing strong partnerships with the Kingdom's industrial leaders including, Saudi Aramco, Saudi Basic Industries Corporation (SABIC) and Saudi Arabian Mining Company (Ma'aden).

Jacobs Engineering Executive to Lead ConXtech

Retrieved on: 
Thursday, May 10, 2018
Economic history of Saudi Arabia, Surname, Dhahran, Saudi Aramco, Economy of Saudi Arabia, Caussade, Jacobs, Saudi Arabia

PLEASANTON, Calif., May 10, 2018 /PRNewswire/ --San Francisco Bay Area-based ConXtech, Inc., a leader in construction technology, announced that Gilles Caussade, former head of Petroleum and Chemicals for the Americas at Jacobs Engineering, will join the company as its new Chief Executive Officer effective May 14, 2018.

Key Points: 
  • PLEASANTON, Calif., May 10, 2018 /PRNewswire/ --San Francisco Bay Area-based ConXtech, Inc., a leader in construction technology, announced that Gilles Caussade, former head of Petroleum and Chemicals for the Americas at Jacobs Engineering, will join the company as its new Chief Executive Officer effective May 14, 2018.
  • ConXtech is backed by Saudi Aramco Energy Ventures, Energy Innovation Capital, and other leading investors.
  • "We are excited to have an experienced, proven industry leader like Gilles coming in to lead the next phase of growth for ConXtech," said Robert Simmons, company founder and inventor of the ConX System.
  • "In my former role at Jacobs I was a customer of ConXtech.