Ocean 100: Profits from World's Seas Dominated by 100 Companies
team of researchers including Osterblom and environmental experts at Duke University in the United States focused on eight sea-based industries ranging from container shipping to seafood production and offshore wind.The “Ocean 100” list was topped by offshore oil and gas giants including Saudi Aramco and Brazil’s Petrobras, with only one firm from outside the industry, Danish shipping company A.P. Moeller-Maersk, making the top 10.It could help inform government policies as well as direct environmental groups seeking to push business towards greener practices, Osterblom said.“One
Saipem Scoops $500+ Mln EPCI Contracts
Italian oilfield services firm Saipem reports it has been awarded several engineering, procurement, construction and installation (EPCI) contracts in various countries worth over $500 million combined.The first EPCI contract has been awarded by Saudi Aramco in the Kingdom of Saudi Arabia as part of the Long-Term Agreement in force until 2021. The scope of the offshore work encompasses the design, engineering, procurement, construction and installation of a 36” carbon steel pipeline onto the existing network around the Ju’aymah area and brownfield services at the associated offshore platform.
Oil and Gas Industry Adopts VR
of emergency situations that employees could potentially face in real-life while working onsite with heavy machinery, thus ensuring they are ready to deal with any unforeseen event.”GlobalData identifies Baker Hughes, BP, Chevron, ConocoPhillips, Equinor, ExxonMobil, Gazprom, Halliburton, Shell, Saudi Aramco and Sinopec as among the leading adopters of VR technology in oil and gas operations.The oil and gas industry faces a unique challenge as many of its facilities are in remote locations around the world. Inaccessible terrains and harsh weather conditions compel companies to incur significant costs
Subsea 7 Scores Contract Off Saudi Arabia
Offshore engineering and services company Subsea 7 revealed it has been awarded two contracts from Saudi Aramco for conventional projects in shallow water offshore Saudi Arabia.The engineering, procurement, construction and installation (EPCI) contracts are awarded in consortium with L&T Hydrocarbon Engineering, a subsidiary of Larsen & Toubro, under a long-term agreement (LTA) with Saudi Aramco, Subsea 7 said in a press release on Monday.The two workscopes, which will be executed together, consist of EPCI of three oil production deck manifolds and subsea pipelines in the Zuluf field as well
Aker Solutions Buys Stake in Airborne
that Aker Solutions has joined its shareholder base to further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering company joins other shareholders Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.Oliver Kassam, Airborne Oil & Gas CEO said, “We have a very strong portfolio of organizations invested in the business, and the addition of Aker Solutions is significant
TechnipFMC to Expands in Saudi Arabia
.“First, we are making a commitment to Saudization and localization,” TechnipFMC Surface Technologies President Richard Alabaster said at the recent groundbreaking ceremonies.“Second, we are increasing our capacity to meet the challenge of the upcoming rise in activity planned within Saudi Aramco,” Alabaster said. “Third, we want to have the capabilities in-country to bring the full scope of our Surface Technologies portfolio and integrate in a way that makes the economics of Saudi Aramco’s projects much more favorable.”The 140 new jobs reinforce TechnipFMC commitment
Seabed Geosolutions Wins Red Sea Ocean Contract
areas. The surveys are scheduled to commence early 2019.The contract will be jointly executed and shared with Seabed’s partner in the Middle East ARGAS, who is the contract holder.Stephan Midenet, CEO of Seabed: “We are very pleased to partner with ARGAS in order to provide services to Saudi Aramco on this high profile project using our best-in-class nodes and deployment technologies. This latest contract demonstrates Saudi Aramco’s continued confidence in both ARGAS and Seabed and further strengthens our long-standing technology partnership."Stephan added: "ARGAS, Seabed&rsquo
5 Minutes with Mike Read, President, Teledyne Marine
continuing our R&D partnerships. Across Teledyne Marine, we have a healthy pipeline of customer funded investments in R&D that total approximately $25 million this year. We are very excited about our collaboration agreement with Research Products Development Company to develop technologies for Saudi Aramco and other leaders within the Middle East region, starting with the SWIM-R, Shallow Water Inspection Monitoring Robot.As Teledyne Marine has continued to evolve, please discuss the strategic advantage(s) that have come to fruition as the various brands continue to meld.Since Teledyne Marine first
McDermott Closing CB&I Deal
;s offshore engineering and construction work will combine with CB&I's onshore skills including liquefied natural gas (LNG) and power plants. McDermott will bolster its service offerings in Saudi Arabia, where it is already adding facilities and has contracts with national oil company Saudi Aramco.David Dickson, McDermott's chief executive officer who this week met with Saudi Aramco executives in Houston, said on Tuesday the kingdom "is going to be a big part of our future. It always will be, for both McDermott and CB&I."Last year, McDermott signed a memorandum of understanding
February 2024
