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2018-09-07 12:05:00

SAUDI ARAMCO TENDER $15 BLN

SAUDI ARAMCO TENDER $15 BLN

MEOG - Saudi Aramco has put its $15 billion Marjan Crude Increment Programme up for tender, according to multiple posts on ProTenders and BNC Network.

According to a post on BNC Network, at least seven offshore contracters are prequalified for the second and third packages. That includes China's Offshore Oil Engineering Company, McDermott, Malaysia's Sapura Energy, Saipem and L&T in consortium with Abu Dhabi's National Petroleum Construction Company and Subsea 7.

The second package includes 200 kilometres of subsea pipelines across 21 segments and 150 kilometres of subsea cables across 15 segments, as well as three tie-in platforms and nine oil wellhead platforms. Meanwhile, the third package involves a gas cap production network and other tie-ins and wellhead platforms, for the production of non-associated gas and gas cap injection, according to BNC Network.

Five subsea trunk lines will link the development to a new gas facility in Tanajib on the Gulf coast, and from there to the natural gas liquid facility in Khursaniya. The project will also involve the expansion of a cogeneration facility for the oilfield and the addition of a natural gas liquid fractionation unit to an existing facility.

The onshore package involves constructing new crude processing, gas compression and dehydration trains to process an additional 300,000 bpd of crude oil. The planned Gas-Oil Separation Plant (GOSP-4) will be designed to handle 475,000 barrels per day of oil and almost 750 million cubic feet of gas per day. It will be located less than 10 kilometres from Marjan's existing GOSP-2 and GOSP-3 facilities.

This follows Saudi Aramco launching a tender for its $6 billion Berri oilfield development project and associated gas plant.

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Earlier:

 W.Asia
2018, September, 5, 10:55:00

SAUDIS OIL PRICE: $70 - $80

REUTERS - “The Saudis need oil at about $80 and they don’t want prices to go below $70. They want to manage the market like this,” one of the sources told.

 

 

 W.Asia
2018, September, 3, 15:20:00

OIL CONFORMITY LEVEL: 109%

OPEC - The JMMC noted that countries participating in the “Declaration of Cooperation” have achieved a conformity level of 109% in July 2018, which shows significant progress towards the goal set at the 4th OPEC and Non-OPEC Ministerial Meeting of 23 June 2018, which followed and endorsed decisions taken at the 174th Meeting of the OPEC Conference convened on 22 June 2018.

 W.Asia
2018, September, 3, 15:15:00

SAUDIS OIL PRODUCTION: 10.4 MBD

PLATTS - Saudi Arabia will report August crude oil production of 10.424 million b/d, an OPEC source told S&P Global Platts on Friday. The figure represents a 136,000 b/d increase from July, when Saudi Arabia, OPEC's largest producer and the world's largest crude exporter, self-reported production of 10.288 million b/d.

 W.Asia
2018, August, 29, 10:05:00

SAUDI ARAMCO NEW CONTRACT

FT - Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and gasfields, raising questions about Saudi Aramco’s long-term production and revealing a power struggle between the company and the government.

 W.Asia
2018, August, 24, 11:25:00

SAUDI ARAMCO IPO

ARAB NEWS - The Government remains committed to the IPO of Saudi Aramco at a time of its own choosing when conditions are optimum. This timing will depend on multiple factors, including favorable market conditions, and a downstream acquisition which the Company will pursue in the next few months, as directed by its Board of Directors.

 

 W.Asia
2018, August, 20, 14:15:00

SAUDI ARAMCO: THE GLOBAL LEADER

SAUDI ARAMCO - 2017 highlights: Produced an average of 10.2 million barrels per day of crude oil including condensate Increased amount of natural gas supplied for fourth straight year, to an average of 8.7 billion standard cubic feet per day Crude oil exports averaged 6.9 million barrels per day

 W.Asia
2018, June, 29, 10:00:00

NOV - ARAMCO COOPERATION

NOV - National Oilwell Varco, Inc. (NYSE: NOV) today announced the signing of an agreement with Saudi Aramco to form a joint venture in the Kingdom of Saudi Arabia. Through its state-of-the-art manufacturing and fabrication facilities in the Kingdom and NOV’s market-leading drilling technologies, the joint venture will provide high-specification land rigs, rig and drilling equipment and offer certain aftermarket services.

 

 

Tags: SAUDI ARAMCO, MARJAN

Chronicle:

SAUDI ARAMCO TENDER $15 BLN
2018, December, 17, 10:15:00

QATAR'S LNG FOR PAKISTAN

TP - With fast growing demand and expanding gas receiving capacity in Pakistan, the South Asian nation is expected to source more liquefied natural gas (LNG) from Qatar, said the country’s visiting Finance Minister Asad Umar.

SAUDI ARAMCO TENDER $15 BLN
2018, December, 17, 10:10:00

QATAR'S INVESTMENT FOR U.S.: $20 BLN

REUTERS - Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit OPEC this month.

SAUDI ARAMCO TENDER $15 BLN
2018, December, 17, 10:05:00

U.S. INDUSTRIAL PRODUCTION UP 0.6%

U.S. FRB - U.S. industrial production rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of mining increased 1.7 percent, and the index for utilities gained 3.3 percent.

SAUDI ARAMCO TENDER $15 BLN
2018, December, 17, 10:00:00

U.S. RIGS DOWN 4 TO 1,071

BHGE - U.S. Rig Count is down 4 rigs from last week to 1,071, with oil rigs down 4 to 873 and gas rigs unchanged at 198. Canada Rig Count is down 12 rigs from last week to 174, with oil rigs down 7 to 95 and gas rigs down 5 to 79.

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