CDI Products’ Post

In Saudi Aramco Project, where can APCS-3 and APCS-10 be applied?

At the end of this week, I bring to you news about a pair of contracts that aramco has awarded for #EPC of key units at the #offshore field developments of Marjan and Zuluf in #SaudiArabia. The two contracts are estimated to be worth more than $1 billion. Read the full news story on MEED | Middle East Economic Digest: https://lnkd.in/dChyzkFJ

🌏 Spotlighting the monumental journey of Saudi Aramco Total Refining and Petrochemical Company (SATORP), the world's largest oil producer and the most profitable company globally. From its roots in 1933, thanks to a concession agreement, to becoming a beacon of innovation and financial prowess, Aramco's story is nothing short of inspirational. 🚀 🔍 The leap into the public sphere in 2019 with a record-setting $25.6 billion IPO showcased the depth of investor confidence and marked a historic milestone. 📈 The strategic move to acquire a 70% stake in Saudi Basic Industries Corporation further underscores Aramco's ambition and commitment to diversification and growth. 💼 🛢 Amidst the challenges posed by the global pandemic, Aramco's resilience shone through, navigating the turbulent waters of fluctuating demand and energy prices with grace and strength. The slight rebound in the latter half of 2020 is a testament to the relentless spirit of the Aramco team. 💪 It's essential to commend the visionary leadership of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud and the indomitable spirit of the Aramco team. Their foresight, innovation, and dedication have not only propelled the company to the zenith of success but also significantly contributed to the Kingdom of Saudi Arabia's wealth and global energy stability. 👏 📊 With a legacy of leading the charge in the energy sector, Aramco continues to set benchmarks for excellence, profitability, and sustainability. Let's celebrate the remarkable achievements of Saudi Aramco and its invaluable contribution to the global energy landscape. 🌍 #saudiaramco #innovation #leadership #sustainability #energysector

In an unexpected turn, Saudi Aramco has scaled back its earlier decision to ramp up oil production targets, resulting in the temporary suspension of working rigs in Saudi Arabia. Check out the latest insights from S&P Global Commodity Insights David Manuel as he looks at how the Offshore Supply Vessels market in the Middle East could see some disruptions this year. Click on the link in the comments to read the full article or reach out to David Manuel, Sr. Technical Research Analyst Middle East and the Caspian OSV markets, for further Insights. #middleEast #oilandgas #offshoresupportvessels #SaudiAramco #OSV #offshore

Sharing this very insightful article wrote by my colleague David Manuel looking at how the Offshore Supply Vessels market in the Middle East could see some disruptions this year. Click on the link in the comments to read the full article. https://lnkd.in/ezCWXDyk

In 1935, when Saudi Arabia was searching for oil, it had no money to spend so they let American oil companies do the drilling, exploration and selling, while paying Saudi government just nominal royalties, but the operation continued smoothly. By 1973, King Faisal made plans and started nationalizing Saudi Aramco by buying/acquiring Aramco shares from the American partners, using the money earned from oil exports. By 1980, Saudi Aramco or rather Saudi oil industry was completely nationalized. The beauty of this story is; ever since Saudi government bought Aramco from the American partners, it has grown into world’s largest, most valuable and profitable oil company, proving that Saudis are no less capable than the West in creating, running and managing global giants.

Hey everyone! Check out my latest blog discussing the recent developments in the Middle East OSV market. How do you think these changes will impact us? Is it just a phase? I would be keen to hear your thoughts! #MiddleEast #OSV #rigs #vessels #AHTS #PSV #offshore #upstream #Petrodata #MarineBase #SPGCI #globalcommodityinsights

From a humble fishing village to a thriving economic zone 🚀 Duqm Refinery wasn't just about constructing one of the Middle East's largest oil refineries; it signifies our deep-rooted commitment to Oman's economic and social advancement. Learn how Petrofac played a pivotal role in Duqm's evolution and why it's more than an industrial achievement; it's a benchmark for future projects. Read the case study 👇  https://lnkd.in/eiB8Sv6s

On February 11th, in the presence of HRH Prince Abdulaziz Bin Salman Al Saud, Minister of Energy; His Excellency Eng. Khalid Al-Falih, Minister of Investment; His Excellency Mr. Bandar bin Ibrahim AlKhorayef, Minister of Industry & Mineral Resources, Baker Hughes, an energy technology company, and Dussur, owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and SABIC (Saudi Basic Industries Corporation), formally inaugurated on Sunday the previously announced joint venture (JV) chemicals manufacturing facility focused on providing oilfield and industrial chemicals in The Kingdom of Saudi Arabia (KSA). The facility will be known as the Saudi Petrolite Chemicals facility. Through our previously announced joint venture with Dussur | دسر to provide oilfield and industrial chemicals in KSA, Baker Hughes is now able to showcase localization opportunities and mark another milestone in the Kingdom’s remarkable journey of economic and industrial growth in supporting Saudi Vision 2030. Read the announcement here: https://lnkd.in/gTA5yzux #WeAreBakerHughes #SaudiArabia #TakingEnergyForward #Energy #SaudiVision2030 #EnergizingChange

My latest article takes a deep dive into aramco’s remarkable journey of achieving yet another milestone! In 2023, the Yanbu Refinery became the fourth facility to be awarded with the World Economic Forum’s prestigious Lighthouse status. But it didn’t happen overnight. The award was a result of a focused vision, meticulous planning, and the execution of a strategic 5-year digital transformation plan. Read more here: https://lnkd.in/dSUp_FR5