Monday 22 May 2017

Schlumberger signs MoU with Aramco on in-kingdom value addition

Schlumberger has signed a memorandum of understanding with Saudi Aramco to develop an In-Kingdom Total Value Add roadmap, in alignment with the kingdom’s economic vision for 2030.   The Schlumberger In-Kingdom Total Value Add roadmap includes the creation


Dewa, SAP sign data storage, cloud deal

Dubai Electricity and Water Authority (Dewa)’s data hub subsidiary, Data Hub Integrated Solutions (MORO), has partnered with SAP to develop applications based on SAP platforms for cloud services, storage, and management of data. The signing ceremony took place at the Sapphi


SNOC seals Sharjah gas sales agreement

Sharjah National Oil Corporation (SNOC) said it has signed a full gas sales agreement (GSA) with Sharjah Electricity and Water Authority (Sewa) targeting the supply of natural gas for power generation in the UAE emirate. SNOC, in a joint venture with its partner Uniper, will orga


Honeywell, Saudi Aramco in engineering tie-up

Technology giant Honeywell and Saudi Aramco have signed a memorandum of understanding (MoU) that advances the In-Kingdom Total Value Add (IKTVA) Program, a key initiative aimed at driving localisation of content. As part of the agreement, Honeywell will undertake commercial effor


GE signs $15bn business deals with Saudi Arabia

US technology and engineering conglomerate GE said on Saturday it had signed business deals worth $15 billion with Saudi Arabia in a major boost to its industrial project development and cross-sector capacity building. Announcing the deals in partnership with the kingdom, GE said


Jacobs Engineering, Aramco to set up infrastructure JV

Saudi Aramco, a world leader in integrated energy and chemicals, said it has reached an agreement with US-based Jacobs Engineering to set up a new joint venture company in Saudi Arabia that will provide professional programme and construction management (PMCM) services for social infrastructure


Saudi Aramco eyes $50bn deals with US companies

State oil giant Saudi Aramco is set to sign deals worth $50 billion with US companies on Saturday, the first day of President Donald Trump’s visit to the kingdom, reported Bloomberg, citing its top official. Aramco will sign initial accords and joint-venture deals with c


Dana Gas gets $50m partial payment from Egypt

Dana Gas, the Middle East's largest regional natural gas company, said it has received an initial payment of $50 million from the Egyptian government as partial payment of its outstanding receivables.   This payment represents 18 per cent of Dana Gas Egypt&r


KBR wins Oman LNG Feed contract

KBR, a global provider of professional services and technologies, has won a front-end engineering design (Feed) and project management services contract for Oman Liquefied Natural Gas (Oman LNG) in Qalhat, Oman. Oman LNG operates three liquefaction trains with a total nameplate c


Etihad Esco awards deals for solar power systems

The Etihad Energy Services Company (Etihad Esco), a company launched by the Dubai Electricity and Water Authority (Dewa), has awarded the tender for development, engineering, procurement, construction, operational services, maintenance, and installation of solar photovoltaic systems at 640 vill

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