Saudi Aramco News

(Photo: Subsea 7)

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

(Photo: Airborne Oil & Gas)

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

Image: TechnipFMC

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

Manta OBN. Pic: Seabed Geosolutions

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

Mike Read (Photo: Teledyne Marine)

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

Signing - left: Mike Read, President, Teledyne Marine; right: Abdulmohsen Almajnouni, CEO, RPD Innovations (Photo: Greg Trauthwein)

Teledyne: Custom ROV for Saudi Aramco

;It formalizes our support of new technology and collaboration in the offshore oil industry with the belief that it will facilitate new and innovative solutions.”A first success under this agreement is the award of a development contract, which will integrate a unique sensor design developed by Saudi Aramco. Under a Memorandum of Understanding signed today at the Offshore Technology Conference in Houston, a special sensor will enable Teledyne’s SeaBotix remotely operated underwater vehicle (ROV) to perform shallow water pipeline inspection and monitoring.Teledyne SeaBotix’ Shallow Water

© donvictori0 / Adobe Stock

Magseis: Seismic Survey Market to Surpass $1.2 Bln in 2018

for oil and gas deposits, expects the global seismic market to grow in 2018, its CEO, Per Christian Grytnes, said on Wednesday. "We are fairly confident that we will see firm growth in 2018," Grytnes said during an oil conference. "We are on tender for an extension contract with Saudi Aramco in the Red Sea. I think we are well-positioned ... We are optimistic," he later told Reuters. "We expect the total market in 2018 to be above $1.2 billion." "With obvious technology driving down the cost... we see an uptake in reservoir investments. Not necessarily in

(Photo: Teledyne Gavia)

Saudi Aramco Buys Teledyne Gavia AUV

The Saudi Arabian Oil Company (Saudi Aramco) has acquired an autonomous underwater vehicle from Teledyne Gavia.   The Gavia Offshore Surveyor AUV system is expected to enhance Saudi Aramco's agility in meeting high demands for hydrographic survey services through the company's in-house survey operations. The Gavia system will be utilized predominantly for debris survey and pipeline inspection in the Arabian Gulf, with a potential service extension for other type of surveys in water depths up to 1,000m in the Red Sea region.    Saudi Aramco selected the AUV due to its modularity

Photo: Emas Chiyoda Subsea Ltd

Emas Chiyoda Subsea Files for Bankruptcy

firms have been turning to bankruptcy to shed debt and raise cash after years of hunkering down after energy prices tumbled from the recent peak in 2014.   Emas Chiyoda's bankruptcy comes eight months after it teamed up with India's Larsen & Toubro Ltd to land a $1.6 billion contract with Saudi Aramco, Saudi Arabia's state-owned oil company, to expand the offshore Hasbah gas field.   Onshore work has begun and the offshore phase of the Hasbah project will begin later this year, said Emas Chiyoda's general counsel, Stephen McGuire, in a court filing.   The company, which is based

McDermott Wins EPCI Contract from Saudi Aramco

McDermott International, Inc. has been awarded a contract from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Safaniya and Zuluf fields offshore Saudi Arabia. The brownfield project is part of a wider program to replace aging facilities with electrified platforms to enhance the potential of the fields. The contract includes the design, procurement, fabrication, transportation, installation, testing and pre-commissioning of nine slipover jackets and decks, subsea pipelines and cables, as well as the associated demolition of certain facilities, in the

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