• 2019 April 19 17:04

    Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’

    In his keynote address at the Future Projects Forum held recently in Riyadh, Senior vice president of Technical Services Ahmad A. Al Sa’adi notes that the Kingdom is already the Middle East’s largest market for contracting, and more growth is expected: “We are always keen to support and encourage contractors and manufacturers, and to provide opportunities for them to carry out work within the various projects conducted by Saudi Aramco in the oil or gas, petrochemical industries, energy projects, and infrastructure, as well as social participation projects.”

    More than 600 upcoming Saudi Arabia construction projects worth $130 billion (SR500 billion) were presented to approximately 1,500 contracting professionals at the Middle East’s first and largest contracting forum held in Riyadh recently.

    Saudi Aramco was an active participant, and one of several leading companies, as well as government organizations, presenting their contracting projects at the two-day “Future Projects Forum” that was organized by the Saudi Contractors Authority.

    Riyadh Governor HRH Prince Faisal Bin Bandar Al-Saud opened the event, which brought together investors, project owners, and contractors to exchange the latest information on the Kingdom’s future development projects, and other opportunities. The Prince praised the forum for helping to promote an integrated approach to achieving the country’s ambitions for the sector. Saudi Arabia, a G20 country, is considered the largest contracting market in the Middle East, with a total annual contracting value of $100 billion.

    With its long experience in managing mega-projects, Saudi Aramco is a well established major customer for contract companies, and senior vice president of Technical Services Ahmad A. Al Sa’adi delivered the forum’s keynote address.

    Describing the first-ever event as a significant platform for exploring future prospects, Al Sa’adi said the Kingdom was already the Middle East’s largest market for contracting, and this would increase with Saudi Arabia’s growth in industrial, service, and residential projects.

    Al Sa’adi said Saudi Aramco is currently implementing about 200 major projects through a selection of local and international contractors.

    Industry experts took part in presenting the sector’s growth and opportunities. Abdulah S. Al-Seflan, an engineer with the Project Management Office Department, presented on Saudi Aramco’s project management philosophy, its different processes and mechanisms. Contracts sourcing supervisor Nadeem Iqbal presented the available business opportunities with the company.

    Giving an overview of Saudi Aramco’s project portfolio for the next three years, Iqbal listed the projects in the oil and gas processing facilities, pipelines, power generation, offshore facilities, and civil infrastructure sectors, and presented the pre-qualification bid requirements for local construction contractors.

    One of 20 exhibitors at the forum, Saudi Aramco’s booth was visited by more than 350 contractors. Project Management Office Department general supervisor Emad Al-Johar said the team staffing the booth received many questions from contractors seeking advice on how to register with Saudi Aramco so they could bid on the company’s future projects.

    The company’s 2019-21 business plan covers approximately 190 projects to be awarded in the coming three years.




2019 May 25

15:25 Svitzer begins sea trials of new line handling technology
13:41 HII’ first cut of steel kicks off advance construction for Columbia-Class submarine program
12:38 Two new LNG-Hybrid vessels to join Seaspan Ferries fleet
11:33 GSL to acquire three containerships

2019 May 24

18:07 Port of Antwerp 1st port of call for reefer service from Peru, Chile, Colombia, Ecuador and Panama
17:49 Hannu Ylärinne appointed COO and Executive Vice President of Arctia Group having retained his position as CEO of Meritaito
17:28 Coast Guard issues waterway restrictions on Mississippi, Illinois Rivers
17:11 NOVATEK obtains new licenses on Krasnoyarsk Territory
17:02 CMA CGM launches the Reefer Pharma division for the temperature-controlled transportation of pharmaceutical products
16:50 Throughput of Rostov-on-Don port in 4M’19 fell by 7% Y-o-Y to 5.11 million tonnes
16:28 Teekay Tankers reports 1Q 2019 results
16:17 Acta Marine names its third W2Work offshore vessel Acta Centaurus
15:53 Ambal ferry returns to Baltijsk-Ust-Luga line after scheduled maintenance
15:27 Surveillance camera installed by Freeport of Riga Authority on Krievu Island for coal dust monitoring
14:59 Port of Tallinn got acknowledged as socially responsible company
14:01 Port Houston volume up nine percent year-over-year
13:50 Feodor Shishlakov appointed head of Volgo-Baltic Administration
13:22 PSA, PFR and IFM investors jointly acquire DCT Gdańsk
12:18 ASI Marine develops an alternative safe method for surveying in hazardous high flow areas.
12:00 Lotos shipyard launches Peotr Veliky, cruise ship of Project PV300VD
11:37 New tugboat built by Damen to expand port fleet of Nakhodka TSP
11:16 SeaBird announces update on vessel acquistion and contemplated private placement of new shares
11:06 Jotun creates new standard for predictable, long-term antifouling protection with SeaForce and HydractiveTM technology
11:01 Global Ship Lease announces agreement to acquire three containerships
10:45 Russian ship owners got 29 new seagoing commercial ships with total deadweight of 552,400 tonnes in 2018 - CNIIMF
10:24 Brent Crude futures price is up 1.22% to $68.59, Light Sweet Crude – up 1.23% to $58.62
10:11 NORDEN boosts Middle East activities with new 3-year contract
10:09 Royal IHC names 2,300m³ TSHD LESSE
09:58 Rotterdam sends hyper-smart container on trip around the world
09:47 Bunker prices go down at the port of Saint-Petersburg, Russia (graph)
09:26 ZIM announces changes to MGX Service
09:16 MABUX: Bunker market this morning, May 23
09:15 Baltic Dry Index is up to 1,068 points
08:50 Bunker prices review at global sea ports, Week 21st, 2019

2019 May 23

18:43 DOF Subsea secures contract in Brazil
18:21 ZIM Q1 2019 revenues rose 6.0% to $796.2M
18:06 MOL to Join Consortium on TCFD (Task Force on Climate-related Financial Disclosures)
17:44 CNIIMF forecasts NSR cargo traffic to reach 100 million tonnes by 2035
17:11 USCG closes case of downed aircraft in Prince William Sound
17:06 Port of Rotterdam sees significant progress in development HES Hartel Tank Terminal
16:55 GOGL announced net loss of $ 7.5M vs net income of $ 23.6M in 1Q 2019
16:30 New digital solution from Rolls-Royce and ZF improves availability and CO2 emissions of ships
16:05 CMA CGM orders 50,000 Traxens trackers
15:23 OCTOMAR Serviços Marítimos takes delivery of Damen Fast Crew Supplier 2206
14:47 RF Navy’s destroyer participated in combat training in the Sea of Japan
13:36 High Representative/Vice-President Federica Mogherini visits ITS Carlo Margottini
13:05 Singapore to host Port Maintenance and Facilities Management Summit on 24-27 September 2019
12:29 Optimarin gears up for retrofit wave with expansion and new hires
12:19 FESCO and Russian Railways launch transit service for delivery of goods from Japan to Europe through Russia
11:43 Bunker prices go up at the Far East ports of Russia (graph)
11:21 Severnaya Verf starts cutting metal for third processing trawler of Project 170701 ordered by NOREBO Group
11:08 Diana Shipping announces time charter contract for m/v Baltimore with Koch
10:26 Brent Crude futures price is down 0.69% to $70.5, Light Sweet Crude – down 0.6% to $61.05
10:08 Port of Antwerp aims for more efficient road transport with night-time opening hours on Right bank of Scheldt
09:57 Kuibyshev reservoir level allows for fleet operation - RF Transport Ministry
09:39 NOVATEK signed MoU with Ninh Thuan Province in Vietnam
09:20 Baltic Dry Index is up to 1,059 points
09:10 MABUX: Bunker market this morning, May 23
09:08 Royal IHC signs contract with Cameroon’s Port Authority of Douala
08:25 Sempra LNG and Aramco Services Company sign heads of agreement for Port Arthur LNG