Tue, 21-Oct-2025

Aramco launches tender to upgrade world’s largest offshore oilfield

Aramco

RIYADH: Saudi Aramco has launched a tender for a key engineering, procurement, construction and installation, EPCI contract, to upgrade the world’s largest offshore oilfield Safaniyah. The state-owned company issued the Safaniyah upgrade tender as a part of its long term agreement with offshore contractors, Upstream reported citing two people with direct knowledge of the development … Read more

Oil demand expected to reach pre-pandemic levels

Oil

DHAHRAN: Aramco’s CEO is optimistic about oil demand growth next year, despite fears over the new Covid-19 variant omicron, Arab News reported. The oil demand will be over 100 million barrels/day in 2022, reaching the pre-Covid-19 levels, Amin Nasser told Arab News during a media briefing at the company’s headquarters. On the Covid-19’s new strain, he said: “The markets … Read more