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Saudi Aramco outlines massive three-year spending programme The largest investments involve three liquids-to-chemicals (LTC) complexes Saudi Aramco is planning to launch 99 projects over the next three years as it seeks to ramp up oil and gas output and treatment capacity and modernise its existing facilities. The 2024-26 expenditure programme is divided into three main segments: 58 oil, gas and petrochemicals projects, 22 pipeline and distribution developments and 19 civil and marine infrastructure schemes. Each project comprises several individual contract packages. A total of 40 projects involve greenfield, expansion or upgrade of hydrocarbons facilities, 12 of which will be offshore. These include projects such as the gas lift programme at the Marjan field, dry gas handling at Shaybah and sulphur recovery unit upgrades across the kingdom. Other major schemes include a residue unit upgrade at the Ras Tanura refinery and a crude increment and produced water facilities at the Ghawar and South Ghawar fields. The largest investment under the medium-term programme is the construction of three world-scale liquids-to-chemicals (LTC) complexes at the existing Yasref, Samref and Sasref refineries in Yanbu and Jubail. While the LTC programme has been under consideration for at least half a decade, this is believed to be the first time Aramco has publicly stated the multibillion-dollar projects will be spread across two locations and three complexes. Additionally, the oil and gas giant said it was planning a new grassroots integrated refinery complex on the Gulf coast, without providing further details. To support this expenditure, there will be several associated civil infrastructure and marine works projects, including a new corporate office and residential units in Dhahran and an upgrade of marine facilities in Yanbu. The material requirements for Aramco’s three-year capital expenditure are significant. The company estimates it needs: 20,000 kilometres of carbon steel pipe 2.4 million tonnes of structural steel 2,300 kilometres of transmission lines 21,000 switchgears 4 million cubic metres of concrete 5,300 transformers 44,000 high, medium and low-voltage cables Aramco presented details of the plan at the Future Projects Forum in Riyadh on 20 May

#BNCUpdate: Bid Deadline Extended for Significant Carbon Reduction Initiative in Saudi Arabia Saudi Aramco postponed the bid deadline for its Accelerated Carbon Capture & Storage Hub due to design adjustments. The project aims to capture 9 million tonnes of CO2 annually from its gas plants and involves extensive engineering and construction work. This initiative is part of Aramco's strategy to cut carbon emissions and support Saudi Arabia's environmental goals by 2035. Key Features:- 📦 The project will be executed in multiple packages for a structured approach. 🤝 This phase involves collaboration with various engineering and construction firms. 🔧 The scope includes engineering, procurement, and construction work on compression, injection, and onshore pipelines. 🌱 Reflects Saudi Arabia's commitment to sustainable development and environmental stewardship. https://lnkd.in/d43sBA5w 🔗 To know more about the project, click the link! 🌐 Register for free to get exclusive updates on this project #SaudiAramco #CarbonCapture #SaudiVision2030 #BNCNetwork #ProjectIntelligence

The total value of awarded contracts in the Middle East & North Africa (Mena) water sector climbed to $20bn in 2023 – up 74 per cent compared with the $11.5bn-worth of contracts awarded in 2022. Saudi Arabia and the UAE awarded the largest share of contracts, as expected. The overall projects pipeline - planned and unawarded contracts - grew from $60bn in 2023 to over $75bn as of the start of 2024, offering lucrative opportunities for utility developers and EPC contractors going forward. The total represents projects from across five sub-sectors: transmission & distribution, desalination, treatment, cooling and storage (reservoirs, tanks & dams). #reverseosmosis #desalination #middleeast #projects #finance #projectfinance

A #PipelineEngineering company from the start! As we continue to grow and expand in our capabilities and projects, we remain experts in our "bread and butter" domain! #pipelines #industryleaders #engineeringexcellence #ILFConsultingEngineers #energytransformation

𝗔 𝗟𝗼𝗼𝗸 𝗕𝗮𝗰𝗸 𝗼𝗻 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿 𝟭𝟵𝟳𝟰 𝟱𝟬 𝘆𝗲𝗮𝗿𝘀 𝗮𝗴𝗼, 𝗜𝗟𝗙 𝗺𝗮𝗱𝗲 𝗶𝘁𝘀 𝗶𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗱𝗲𝗯𝘂𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗳𝗶𝗲𝗹𝗱 𝗼𝗳 𝗣𝗶𝗽𝗲𝗹𝗶𝗻𝗲 𝗘𝗻𝗴𝗶𝗻𝗲𝗲𝗿𝗶𝗻𝗴 In July 1974, half a century ago, ILF was awarded a contract by Iraq’s State Consulting Company for Oil Projects (SCCOP) to provide engineering and consulting services for the construction of the Strategic Pipeline.   In the same year, Mannesmann contracted ILF to provide design services for the Turkish section of the Iraq–Turkey Pipeline (ITP). Additionally, ILF was tasked with assuming responsibility for the hydraulics of the entire 1,000 km system under a further contract from the Iraq National Oil Company (INOC). ILF’s success in these contracts not only enabled ILF to enter the Middle Eastern and Turkish markets, but also to apply ILF’s pipeline expertise on an international scale for the first time. In addition, assuming a leading role in the field of Pipeline Engineering, which had previously been dominated by American companies, ILF was also able to establish this field in German-speaking countries.   ILF’s pipeline expertise was developed with determination and purpose during ILF’s early years. Initially focused on oil and gas pipelines, it was rapidly expanded to include pipelines for other media. This expertise was instrumental for ILF being awarded the contract for the Riyadh Water Transmission System (RWTS) in 1977. Looking back on ILF’s history encourages us to continue acquiring new skills and developing existing ones. #ILFConsultingEngineers #ImprovingQualityOfLife #EngineeringExcellence #Engineering #Pipeline #Structure #Infrastructure #History #Legacy #Development

GCC projects awarded decline in 2Q'24 📈 During 2Q'24, the total value of projects awarded in the GCC dropped by 19.7% YoY to USD 51.7 billion, primarily due to a downturn in project awards in Qatar and the UAE. In UAE and Qatar, the total value of awarded contracts fell by 23.6% and 98.5% YoY to USD 16.3 billion and USD 162 million, respectively. However note that, this dramatic decline in Qatar is largely attributable to the USD 10 billion worth LNG projects that were awarded in 2023. In UAE, the decline was predominantly driven by the construction sector, which saw a 63% YoY decrease in project value, accounting for 27% of the total contracts awarded compared to 47% during the same period last year. Conversely, Saudi Arabia experienced a 9.9% increase in the total value of contracts awarded during 2Q'24, reaching USD 30.6 billion. This growth was primarily fueled by the demand in the Neom project, despite lower oil production. Sector-wise, 2Q'24 was dominated by the gas sector, with awarded projects increasing by 17.3% to USD 14 billion. As of 2Q'24, the total value of projects in the pipeline stands at USD 3.5 trillion, with Saudi Arabia holding the lion's share, followed by the UAE and Oman. (Source: MEED | Middle East Economic Digest, Kamco Invest ) #GCC #EconomicData #EconomicTrend #ConstructionProject #SaudiArabia #UAE

Comprehensive market analysis by P&S Intelligence on the steel pipes market in Saudi Arabia. The report reveals some impressive growth trends and future potential in this sector. Key insights: • The Saudi Arabian steel pipes market is poised for significant expansion, driven by increasing investments in the oil & gas sector, construction projects, and infrastructure development. • Technological advancements and innovations in steel pipe manufacturing are enhancing efficiency and quality. • Government initiatives and Vision 2030 are further accelerating market growth, positioning Saudi Arabia as a key player in the global steel industry. For professionals and businesses in the steel and construction industries, this report provides valuable insights into emerging opportunities and market dynamics. Read the full report here: https://lnkd.in/gRfDVvwz #SteelIndustry #MarketGrowth #SaudiArabia #Construction #OilAndGas #Innovation #PSIntelligence #InfrastructureDevelopment #Vision2030 #PSIntelligence

Kuwait sets new Deadline for Two Oil Projects #OilandGas #Onshore #Engineering #Bidding Two strategic oil #Projects in #Kuwait have been given a new bid submission deadline by state-owned Kuwait Oil Company (#KOC). Together, the two projects have a value of $1.4bn. Kuwait’s Central Agency for Public #Tenders (Capt) has set a new deadline 10 November 2024 for both projects. Previously the bid deadline was 29 September 2024. The first is a project to develop effluent water disposal plants (#EWDPs) for injector wells. The plants, known as EWDP-I and EWDP-II, are part of an expansion scheme and the project is estimated to be worth KD220m ($716m). The second strategic project that has been given a new bid deadline is focused on the installation of a separation gathering centre known as SGC-II in the eastern region of Kuwait, which is referred to as EK-II. The scope also includes crude debottlenecking work and the project has an estimated value of KD207m ($673m). When the projects were originally tendered in June this year, the following companies were prequalified to bid on both:Hyundai Engineering & Construction Company (South Korea) Samsung Engineering (South Korea) #Saipem (Italy) #Sinopec Luoyang Engineering Company (China) Sinopec Engineering Incorporation (China) #Tecnicas Reunidas (Spain) #Larsen and Toubro (India) #Daewoo Engineering & Construction (South Korea) #Petrofac International (UK) GS Engineering & Construction (South Korea) Kuwait is in the middle of an #Upstream project push as it aims to produce 4 million barrels a day (b/d) of oil by 2035. Production capacity currently stands at about 2.9 million b/d, and the country aims to reach 3.2 million b/d by 2025 or 2026. Kuwait is developing a large project plan that will be published in the coming months and will consist of several major schemes.All of the projects on the list are planned to have contracts awarded before the country’s suspension of its parliament has ended. On 10 May, Kuwait’s Emir, Sheikh Mishal Al-Ahmad Al-Sabah, announced the indefinite suspension of parliament in a televised speech.Under Kuwaiti law, parliament can be suspended for a maximum of four years. The new list of planned projects is expected to include upstream and downstream projects, as well as #Petrochemicals facilities.Prior to the suspension of Kuwait’s parliament, the country suffered from very low levels of project awards for several years due to political gridlock and infighting between the country’s cabinet and parliament. To Subscribe our services please contat us at care@tendersmine.com or call us at +91-9930363911

Wood Saudi has secured several significant wins recently. In 2023, Wood recorded excellent growth in the Middle East region, securing $850 million in contract wins ¹ ². This growth is attributed to Wood's efforts in unlocking conventional and low-carbon energy supply, decarbonizing and optimizing energy production and processing, and extending onshore and offshore asset life in the region. Some notable projects include: - *Crude Oil to Chemicals Project*: Wood was selected to develop the world's largest fully integrated crude oil to chemicals complex in Saudi Arabia, on behalf of Saudi Aramco and SABIC ³. - *Marjan Oil Field Development*: Wood secured a multi-million dollar, five-year contract to support Saudi Aramco in the delivery of the Marjan oil field development project ⁴. - *Offshore Maintain Potential Programme*: Wood Group was awarded a six-year contract by Saudi Aramco for greenfield and brownfield engineering services, procurement, and construction management support for new facilities in the Arabian Gulf ⁵. - *Accelerated Carbon Capture and Sequestration Project*: Wood completed the front-end engineering and design scope for the first phase of Aramco's Accelerated Carbon Capture and Sequestration project in Saudi Arabia ⁶. These wins demonstrate Wood's expertise in energy transition, carbon capture, and sustainable technologies, solidifying its position as a leading engineering company in the sector.#DesignEngineering #Capex #Privatecapex #Equipment #ProcessDesign #BasicEngineering #EPC #Contractors #Electrical #LTHT #Cables #Instrumentation #EHS #Pumps #Valves #Transformers #Substations #DetailedEngineering #FEED #EPC #makeinindia #Greenhydrogen #Hydrogen #Cleanenergy #Environmentcare #LNG #Oilgas #Refining #Pipelines #Subseapipelines #Petrochemicals #Onshore #Offshore #GCC #KSA #Naturalgas #Qatar

Kuwait delays gas project bid