• 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 August 19

18:41 Andrey Zubarev takes the helm at Sea Port St. Petersburg
18:36 Hapag-Lloyd announces General Rate Increase from East Asia to South America Eastcoast
18:26 Rosterminalugol YTD coal exports volume hits the 15-millionth-tonne mark
18:04 CMA CGM Group to take part in the Asia Fruit Logistica 2019 in Hong Kong
17:36 MPA launches Singapore’s first Maritime Sustainability Reporting Guide
17:04 ACO Marine commissions a series of Clarimar wastewater treatment plants for Jadrolonija
16:35 Suez Canal Container Terminal announces plans to open reefer repair hub to all brands
16:19 Jumbo and GoodFuels partner to take sustainable bio-fuel oil to the offshore support market
16:11 Main phase of Beloomut hydro engineering system rehabilitation project to be completed by the end of 2019, Moscow Canal authority says
15:58 LR awards world’s first digital type approval to HHI
15:32 d’Amico International announces the sale of one of the vessels
15:09 Samsung Heavy to advance smart ship technology in cooperation with equipment producers
14:17 JFD signs strategic partnership with Aquacentrum Den Helder to provide submarine escape training
13:09 Samsung Heavy Industries to win orders for 10 LNG-fueled vessels
12:53 Kraken’s ThunderFish® delivered to DRDC, Canada
12:09 Sinanju signs 2-year time charter agreement with ExxonMobil for LNG-powered “Marine Vicky”
11:18 MODEC announces issuance of project bond for FPSO charter project
11:16 Registration underway for “Import Substitution in Russian Shipbuilding: Ambition and Reality” Roundtable
11:09 Busan Port-Qingdao Port concludes MOU to promote cruise business
10:08 RAN signs two year lease extension with the National Australia Bank for its two Cape Class Patrol Boats
09:43 Brent Crude futures edge up to $ 59,28, WTI – to $ 55,34
09:08 The BPA and the Port of Rotterdam Authority concludes a development agreement to construct and operate the Rotterdam Distribution Center
09:01 Baltic Dry Index rises 2% to 2088 points
08:56 MABUX: Bunker market this morning, Aug 19
08:49 Hapag-Lloyd announces General Rate Increase from East Asia to Latin America

2019 August 18

16:51 USCG responds to ferry aground in Boston Harbor
15:09 NOAA awards $2.7 million in grants for marine debris removal and research
13:02 BAE Systems cuts steel for UK Royal Navy's HMS Cardiff
12:46 Kongsberg Digital simulation and software selected to fast-track R&D at new autonomous ship centre in Korea
11:05 NYK sponsors endangered Sea Turtle Research
10:56 Coast Guard cites passenger vessel for operating illegally, terminates voyage

2019 August 17

14:24 Kinder Morgan announces additional projects to enhance capabilities at Houston Ship Channel Facilities
13:31 Damen Shipyards Cape Town joins Women’s International Shipping & Trading Association
12:28 CMA CGM announces rate restoration for Asia to West Africa trade
11:32 APL informs on voil sailing on Asia-Indian Subcontinent Service in August
10:58 Pre-commissioned USCG's Cutter Midgett makes second cocaine seizure within five days

2019 August 16

18:16 Port of Vyborg volumes in Jan-Jul plummet 29% to 687,700 tons
18:06 Hapag-Lloyd announces rates from East Asia to North Europe and Mediterranean
17:36 Norwegian Encore leaves MEYER WERFT's building dock
17:06 Balltec secures North Sea decommissioning contract from Heerema Marine Contractors Nederland
16:35 Canada Infrastructure Bank signs MoU with the Port of Montreal on Contrecoeur port expansion project
16:05 Vår Energi AS awarded an EPCI contract to Rosenberg Worley AS
16:03 Low-sulphur marine fuel sales by Gazprom Neft in the first half of the year increased by 11% to 121,400 tonnes
15:48 Samsung Heavy to advance smart ship technology in cooperation with equipment producers
15:36 Throughout of oil port Primorsk in Jan-Jul 2019 increased 14% to 35.74 million tonnes
15:14 New mid-year record for container volumes through the Port of Vancouver
15:11 USCG repatriates 25 migrants to the Dominican Republic
14:27 Port of Vysotsk throughput in January-July rose 7% to 11.14 million tonnes
14:10 Austal signs A$126 mln contract to export two Cape Class Patrol Boats
13:14 Seven-month cargo volumes of Port of Ust-Luga increase 10% to 62 million tonnes (update)
13:05 NORDEN signs multiple long-term global contracts
12:05 APM Terminals Poti to implement uninterrupted 24/7 operations
11:39 Port of St. Petersburg seven-month volumes rise 2% to 35 million tonnes (update)
11:05 Steel cutting ceremony for the next AIDA LNG cruise ship at MEYER WERFT
10:48 Tekmar Energy selected for Formosa 1 Phase 2
10:44 Port of Hamburg seaborne cargo throughput up 4.1 percent to 69.4 million tons in H1 2019
09:55 Crude futures prices tend upward again: Brent Crude rises to $ 58,88, WTI – to $ 55,16
09:34 Baltic Dry Index leaps 97pts to 2047 points
09:27 Bunker prices show mixed movements at Port of St. Petersburg
08:41 MABUX: Bunker market this morning, Aug 16