Saudi Aramco Review

Saudi Aramco manages the world’s largest conventional reserves of crude oil, and as a fully integrated, global petroleum and chemicals enterprise, it is a world leader in exploration, production, refining, distribution, shipping and marketing STATE-OWNED Saudi Aramco, the world’s biggest oil company in terms of oil reserves and production, says it is on course to becoming the largest integrated energy and chemicals firm in the world by 2020...






Saudi Aramco is optimising its downstream portfolio to add even more value to its hydrocarbon resources while driving the creation of new jobs IN ITS downstream operations, Aramco continues to expand its global refining capacity and the integration of refining and chemicals facilities...






Saudi Arabia has put in place a strategy to retire old fields as and when new capacity is struck. This will ensure that it maintains its capacity at around 12 mbpd WITH the giant offshore Manifa field pumping crude since April, Saudi Aramco is implementing a policy that appears rather puzzling. How is it that some 1.5 million barrels per day (mbpd) of new production will come on stream by 2017, yet total capacity will remain unchanged at 12 mbpd...






Saudi Aramco’s leadership position in the industry comes from the capability it demonstrates daily, reliably producing energy needed in the country and outside SAUDI Aramco is committed to playing a leadership role in creating new job opportunities for the kingdom’s citizens that will harness the talent and potential of coming generations, the oil giant says in its 2012 Annual Review...






The 80 years of existence for Saudi Aramco has been marked by many major achievements in the energy industry and many historical milestones THE beginnings of the company, now ranked first among oil companies worldwide in terms of crude oil production and exports and natural gas liquids exports, can be traced to 1933 with the signing of the Concession Agreement with Standard Oil of California (Socal, now Chevron) when King ‘Abd Al-’Aziz...






Saudi Arabia may stay at the top for a long time to come. Indeed even after years of successful exploration and production, the kingdom remains underexplored IT IS undisputed that the Kingdom of Saudi Arabia is home to the world’s largest proven conventional oil reserves (around 18 per cent of global supply), boasts production capacity in excess of 10 million barrels per day (mbpd) – the world’s highest, and is the world’s leading exporter...






The kingdom’s decision to set the price of oil far below export price is a significant opportunity cost lost – one that also encourages a culture of overconsumption SAUDI ARABIA’S surging domestic oil consumption – coupled with its inadequate supply growth – could turn the kingdom into a net oil importer by 2038, according to a Chatham House report...






Regulatory authorities recently approved plans of the joint venture company Saudi Butanol Company (Sabuco), to build the world’s largest butanol plant in Jubail THREE leading Saudi petrochemical companies, Sadara Chemical Company, the Saudi Kayan Petrochemical Company and Saudi Acrylic Acid Company (SAAC) recently joined forces to establish Sabuco in the country’s capital city Riyadh...






This is the first time the company has received such a recognition, which reflects and validates Aramco’s compliance with the highest level of environmental standards SAUDI ARAMCO has been recognised for its commitment to sustainable buildings and environmental stewardship by receiving a Leadership in Energy and Environmental Design (Leed) Platinum Certification accreditation, which is the Green Building Certification institute’s highest honour...






The new district cooling plant is essentially a viable enterprise and is expected to be a pathfinder TO PLAN and build an entirely new district cooling plant in an environment friendly, energy efficient and safe manner in the midst of a bustling community presents huge challenges...






Innovation at Saudi Aramco, fostered by the capabilities of its people and its position of leadership in the industry, is a key part of the company’s strategy THE world is changing at an ever-increasing pace, and Aramco succeeds because it enables innovation in its employees and its collaborators for the rapid development and implementation of solutions, says Saudi Aramco in its 2012 Annual Review...






Since 1941, the refinery has grown, increasing its processing capacity to 550,000 bpd, meeting 31 per cent of domestic demand for refined and NGL products, making it an integral component in the kingdom’s economy AS THE kingdom’s economy continues to power forward, it looks to Saudi Aramco to fuel that growth, and the company is proud to play that role. For almost 80 years, it has served as a catalyst for the kingdom’s prosperity and nothing better demonstrates this than the Ras Tanura Refinery (RTR...






The company produced 3.479 billion barrels of oil, about one in every eight barrels of the world’s crude oil production and the most it has produced in a single year SAUDI ARAMCO’S production reached record level last year with output rising to 3.479 billion barrels, compared with 3.310 billion barrels in 2011...






As economies in the Far East continue to grow, Aramco has consolidated its offices in China, Japan and Korea under the Aramco Asia mantle to prepare for the firm’s ever-expanding activities, from oil and petrochemicals to material acquisition and recruiting SAUDI ARAMCO has entered a new phase in its intent to be a major energy and chemicals player in the Far East with the launch of the Aramco Asia organisation...






The company will leverage its in-depth knowledge of engineering work processes, application systems, IT and systems integration to provide an extensive suite ROLTA International, announced that it has been awarded a multi-million dollar contract from Sadara Chemical Company to implement a comprehensive engineering system at its complex, which will be the world’s largest petrochemical facility ever built in a single phase. The value of the contract has...






The new venture will assume the responsibilities of Saudi Aramco Medical Services Organisation (Samso), which manages the health-related services for approximately 350,000 members of the Saudi Aramco community SAUDI ARAMCO and Johns Hopkins Medicine International (JHI), the international arm of Johns Hopkins Medicine, have signed a joint venture agreement to establish a new health care provider for Saudi Aramco...






The firm’s T-MAC Plus system will be used to optimise the operation and will increase energy efficiency ABB, the leading power and automation technology group, has won a project from Foster Wheeler for the automation of bulk inventory operations management of the chemical complex that is under construction by Sadara Chemical Company in Jubail Industrial City II, Saudi Arabia. The order was booked in...






Saudi Aramco serves customers throughout the world, and in 2012 the company provided approximately one in every eight barrels of the world’s crude oil. Its crude oil production in 2012 was a 4.3 per cent increase over 2011 SAUDI ARAMCO today is an integrated petroleum enterprise. Historically, the company has focused on crude oil exploration and production, but since the 1980s it has been expanding its business domestically and growing internationally through strategic partnerships...






Saudi Arabia presents itself as a responsible producer sensitive to the needs of consumers ACCORDING to Riyadh-based Jadwa Investment, one of the world’s most important knowledge bases on Saudi Arabia’s economy, by 2020 the breakeven price will reach $118 per barrel...






The Khafji field, which makes up nearly all offshore production between Saudi Arabia and Kuwait, produced far under its potential of 300,000 barrels per day in the first quarter of this year due to 50 days of maintenance KUWAIT and Saudi Arabia are looking at ways to boost output from the Neutral Zone to make up for an extended maintenance period earlier this year, but will struggle to get the area’s offshore fields to pump the 350,000 barrels per day (bdp) that they hit in 2012, a top Kuwaiti official says...






Last year, the government at Jakarta rejected a request from Kuwait Petroleum International (KPI) INDONESIA has rejected a proposal from Saudi Aramco to build a refinery in the Southeast Asian country after deciding it could not offer the incentives the world’s largest crude oil exporter had demanded...






Each of Saudi Aramco’s projects requires a substantial investment. The company gladly makes that investment when market conditions are favourable GLOBAL energy demand is forecast to increase. That’s why Saudi Aramco completed a range of massive, multi-billion dollar projects to help boost its ability to deliver petroleum...






The country needs the commodity to boost power generation, in turn freeing up more crude oil for export that otherwise would have been burned locally as Saudi energy use rises by 8 per cent a year SAUDI ARABIA’S decade-long search for natural gas is ending with only two companies finding fields, and those drillers need higher prices to move forward...






The firm, through its subsidiary Sidem, has designed a plant combining two seawater treatment solutions MARAFIQ, Saudi Arabia’s leading water and electricity services operator, has contracted Veolia Water to design, build and operate the largest ultrafiltration and reverse osmosis desalination plant in Saudi Arabia...






The solution features GE’s Mark Vle control platform with OptiComp control software and provides capabilities such as anti-surge, motor limit, pressure control, discharge pressure and pressure override control GE HAS replaced an aging compressor control system at Saudi Aramco’s Haradh gas/oil separation plant in Saudi Arabia’s Eastern Province with advanced technology that automates the control process for three compressors and will improve performance and production...






Currently, L&T is executing two projects for PDO, namely the Lekhwair Project and the Saih Rawl A JOINT venture company of Mumbai-based Larsen & Toubro (L&T) – Larsen Toubro Arabia LLC – has achieved a major breakthrough in Saudi Arabia by securing a large EPC contract from the Saudi Arabian Oil Company (Saudi Aramco...






Saudi Aramco is reaching deep into Saudi society to develop educational programmes – particularly around the ‘Stem’ disciplines of science, technology, engineering and math – and to cultivate an intellectual environment SAUDI ARAMCO is helping to develop the next generation of highly skilled workers and intellectually curious citizens. With more than 35 per cent of the kingdom’s population 15 years old and younger, the education challenge is now greater than ever...






AL-KHOBAR-based Saudi Arabian Development Company Ltd, (SADC) has built its quality reputation as a selective valued-added reseller (VAR) dealing with end-users, EPC companies and engineering partners drawing from its formidable technology portfolio of original equipment manufacturer (OEM) partners...






Centrifugal casting is a well suited process for producing seamless CRA pipes AS PRODUCED fluids from oil and gas reservoirs get more aggressive in terms of corrosive species and as exploration activities shift to remote frontiers which are often deeper and hotter, corrosion resistant alloys (CRA) are often used to ensure equipment reliability and performance under these...






The event will bring together experts from within and outside the region to discuss some of the latest technologies and concepts for maintaining and operating oil and gas pipelines in the most efficient, cost-effective, and professional manner THE 2nd International Conference and Exhibition on Best Practices in Pipeline Operations & Integrity Management to be held in Bahrain from October 20 to 23, is a multi-track conference which will be run alongside a large exhibition...






The company’s HSAW mill in Dammam – which originally began operation in 2006 under the Aziz European Pipe Factory name – today has a manufacturing capacity of 350,000 metric tonnes per year of pipes ranging from 18- to 100-inch outer diameter IT IS approximately three years since pipe manufacturer Welspun Middle East started operations in Dammam Industrial City in Saudi Arabia, following the 2010 acquisition of a 50.01 per cent share in Aziz European Pipe Factory by Welspun’s Indian parent company Welspun Corporation...






Occupational H&S is the only career that focuses on the workforce in its entirety and endeavours to protect its health and safety while undertaking daily tasks SAFETY competence is required at all levels in every organisation conducting business in the oil and gas industry...






The Bahrain-based company, one of the leading firms in the field of electromechanical works, aims to be the first choice for electromechanical solutions and specialised requirements in the oil and gas sector IN A bid to serve the oil and gas market dedicatedly, Alteem, one of the leading firms in the field of electromechanical works, is readying to enter the Saudi Arabian and Oman markets next year...






Even as the Bucharest-based company aims to maintain its position as one of the trusted players in its chosen domain, it plans to enter new sectors such as aerospace and engineering and design services VILMAR, the primary production site of Groupe Genoyer, one of the world’s leading company in piping equipment for liquid transport for oil and gas, water and petrochemical products, is currently in an expansion mode...






Dubai-based PFS Technologies’ portfolio of clients in the region includes oil and gas majors, refineries and petrochemical producers in Saudi Arabia, Iraq, Oman and Kuwait, and water markets in Egypt and Iraq PFS Technologies (PFST), a global provider of field-proven solutions for oil and gas, refining, distribution, petrochemical, power, steel, and water applications, offers products including flow meters and monitors, as well as advanced compressed air foam (ACAF) fire suppression solutions...






The Bauer offshore series of compressor packages were designed to specifically meet and exceed offshore breathing air requirements. At the heart of every compressor package is one of the company’s performance-proven, air-cooled compressors BAUER Kompressoren has manufactured and provided performance-proven, high pressure, breathing air solutions for over 60 years...






The rotor design matches the Solar concept of pre-engineering and standardisation allowing for consistent, predictable aerodynamic and rotordynamic performance says Rainer Kurz, Solar Turbines SOLAR gas compressors are designed for the specific needs of the oil and gas (O&G) industry in upstream and midstream applications. These applications are characterised by large changes in operation conditions on hourly, daily, seasonal, and annual time scales. Many applications are in remote...






Zilift’s high power density products can be deployed using coil tubing or wireline deployment techniques, while delivering power efficiency and optimised production. When available, the tools will also reduce lifting costs SAUDI ARAMCO Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Aramco, has closed an equity investment into Zilift, a developer of through-tubing deployed artificial lift systems using permanent magnet motors and magnetic transmissions...






The company, which set up a world-class calibration laboratory in 2012 in Saudi Arabia, plans to expand its calibration services while committing to its strict international quality system and traceable standards MT-ENTERPRISES – an industrial services company established in 2004 to serve utilities, oil and gas and the petrochemicals users in Saudi Arabia – is planning to expand its market reach and offer a more diversified range of products and services to its customers, next year...






The second edition of Mepec promises to be a bigger, better and more exciting show and will discuss the future challenges facing the process industry BIGGER, better and more exciting, the second edition of Middle East Process Engineering Exhibition & Conference (Mepec) beginning from September 29 to October 2, at the Bahrain International Exhibition and Convention Centre in Manama, Bahrain, will see hundreds of international companies and...






Steel in contact with H2S-containing water can corrode and can be a major issue in upstream oil and gas. Steels have thus been enhanced into materials with improved properties, says Dr Patrick Toussaint of Industeel MATERIAL failure linked to sulphides is a major issue in upstream oil and gas as well as in refining and petrochemistry for over half a century and is a likely risk in future exploitation as the hydrocarbon resources tend to become more corrosive...






After 28 years of successful Shell Eco-Marathon challenges in Europe, the Americas and Asia-Pacific, Shell has now launched it in the Middle East and Africa SHELL and King Saud University has signed a memorandum of understanding (MoU) under which Shell will support students from the faculty of engineering to join universities from the region in building ultra fuel-efficient vehicles and participate in the global Shell Eco-Marathon (SEM) challenge to be...






The Saudi-based firm has spent more than $500 million in the last two years on new buildings and a new shipyard and is planning to invest more than $200 million by the end of 2014 on further expansion WITH major long- term contracts secured with Saudi Aramco, Zamil Offshore is still in a highly expansive phase with many exciting projects and major investments in hand to meet the needs of the future...






Jotachar JF750, the industry’s first mesh-free Epoxy passive fire protection coating for jet fires in the oil, gas and energy industries helps applicators save time, lower costs and reduce risks compared to systems that require mesh reinforcement JOTUN has launched Jotachar JF750, the next-generation passive fire protection (PFP) coating system that significantly reduces installation time and cuts material costs...






As part of its long-term strategy to achieve growth and diversification, the company has recently more than doubled its size, and now operates from two adjacent sites with a combined area of 35,000 sq m WEIR Arabian Metals Company (Amco Weir) is an engineering and general machining subsidiary of the Saudi-based Olayan Group and UK based Weir Group. The company is a key service provider to the oil field industry...






Saoge, which takes place in Dammam from November 25 to 27, remains an essential platform for key industry professionals, specialists and decision makers DEMAND for Saudi Arabia International Oil & Gas Exhibition (Saoge), the largest oil and gas exhibition in Saudi Arabia continues, with confirmed participation from key industry players like Qatar Petroleum, Yusuf Bin Ahmed Kanoo Co – Commercial Group, Pan Gulf Welding Solutions, Al Estagamah...






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