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Category Archive: Saudi Aramco News

Foreign Partnership for Local Success

3 February 2016 | comments (0) | Saudi Aramco News | by

Foreign Partnership for Local Success

At Berri Gas Plant, a multidiscipline team leads the first major overhauling event on a gas turbine rotor. The 70-ton rotor was fitted for inspection activities, and the milestone repair was carried out with the collaboration of experts from Mitsubishi Hitachi Power Systems Ltd.

Saudi Aramco Gas Operations has successfully deployed a corporate procurement agreement and long-term service agreement with the world’s largest heavy industrial gas turbine supplier, Mitsubishi Hitachi Power Systems Ltd. (MHPS).

The first-of-its-kind agreement between the two companies will provide field maintenance, monitoring and extensive technical support of gas turbines by domestically sourced maintenance, parts management, parts supply and repair, thereby creating local jobs.

Abdullah M. Al Ghamdi, executive director of Gas Operations: “The project was driven by cost optimization and operational excellence to operate the Gas Operations’ power plant as best-in-class according to the global benchmarking key performance indicators.”.

The agreement assigns MHPS to expertise the maintenance of their equipment installed at Saudi Aramco facilities, including generators and all auxiliary systems under the partnership of its operating facilities. This includes management of Saudi Aramco’s fleet of MHPS gas turbines and spare parts sharing, covering the gas turbine generator and auxiliaries, including storage, inventory management, and logistics by MHPS.

A local repair facility — with 50% Saudization — is established to facilitate all types of gas turbine parts repair, including a training and simulation center to provide in-Kingdom training for Saudi engineers and technicians.

To date, Mitsubishi’s local affiliate, MHI Power Systems Co. LLC, has delivered 11 M501F gas turbines to Saudi Aramco, producing almost 2,000 megawatts.

Off and Running in Houston

1 February 2016 | comments (0) | Saudi Aramco News | by

Off and Running in Houston

The Aramco Houston Half Marathon is known in running circles to be a fast course, and this year, excellent weather conditions and a strong field of elite runners proved that reputation to be true.

Mary Wacera, an athlete from Kenya, broke the record for fastest half marathon ever run by a woman on U.S. soil, finishing the 13.1-mile race in 1:06:29 — almost two minutes faster than the previous U.S. record.

In the men’s category, Lelisa Desisa, from Ethiopia, claimed victory with a time of 1:00:37, not far off the Aramco course record of 59:22.

These wins were part of a weekend full of highlights. The Aramco Houston Half Marathon celebrated its 11th consecutive year as a sold-out race, and it was the largest ever with nearly 15,000 registered runners. The race and the Chevron Marathon, held on the same weekend, were also streamed live and worldwide on Disney-owned ESPN3, a Web channel. That coverage, added to broadcasts by ABC’s Houston station and the University of Texas’s Longhorn Channel, meant the event reached 120 million homes worldwide.

Houston’s newly elected mayor, Sylvester Turner, joined Aramco and Chevron at the press conference and the start line, saying he “couldn’t be more thrilled” with Marathon Weekend and what it does for the city and the corporate sponsors.

Annually, the races bring in millions of dollars for local charities through the Run for a Reason fundraising program, and they attract about 250,000 spectators and thousands of volunteers, including 300 from Aramco who distributed race bibs and T-shirts, staffed an Aramco booth at the public health-and-fitness expo, and handed out finisher medals.

During his remarks at the press conference, president of Aramco Services Company Basil Abul-Hamayel said, “For Aramco, this is more than an annual event; it is a proud tradition that is especially meaningful because it makes such an important contribution to Houston, to runners around the world, and to local charities.”

Saudi Aramco at 2016 Global Competitiveness Forum

26 January 2016 | comments (0) | Saudi Aramco News | by

Saudi Aramco at 2016 Global Competitiveness Forum

Saudi Aramco continues to champion the development of local industries and stimulate the growth of an institutionalized program launched by the Company, said Amin H. Nasser, President and Chief Executive Officer of Saudi Aramco at the 9th Global Competitiveness Forum (GCF) in Riyadh.

Nasser was referring to the In-Kingdom Total Value Add (IKTVA) program, just launched in December 2015 which represents Saudi Aramco’s commitment to local content development that is now required across its domestic and international supply chain.

“We are making it a requirement for our business partners to ensure that 70% of content for any projects and deliverables are made in Saudi Arabia in 2015, resulting in 500,000 jobs created in the long term,” he said.

Nasser was a speaker at the panel session titled ‘Low Oil, High Growth: Prospering in a Low Oil Era’.

Nasser also reinforced Saudi Aramco’s commitment to continue its hydrocarbon investments while further developing its renewable energy portfolio by actively surveying and identifying areas within the Kingdom to exploit the potentials of wind and solar.

“It is definitely part of what we do and with all these initiatives, we can become a significant enabler of renewable energy in the Kingdom as well as establishment of knowledge-based and innovative-based industries,” he said.

This year’s forum focused on “Competitive Sectors” as a theme and shed light on the ingredients that are essential in driving the competitiveness of sectors. In tandem, panelists discussed the strategies that governments may follow to accelerate competitiveness.

Saudi Aramco was represented at GCF 2016 by three members of its leadership – His Excellency Khalid Al-Falih, Chairman; Amin H. Nasser, President and CEO; and Huda M. Al-Ghoson, Executive Director of Human Resources.

Al-Ghoson was a speaker at the panel session titled ‘Bridging the Skills and Innovation Gap for More Productive Sectors’. She noted that Saudi Aramco’s human resources strategy is structured around four focus areas: talent acquisition, talent development, talent retention, and organization effectiveness.

“Closing the skills gap requires effective and sustainable partnerships with academia, the private and public sectors, suppliers and other stakeholders. For any organization to achieve success in this area, its HR strategy must be supported by a dynamic employment value proposition (EVP), a corporate culture of performance, innovation and excellence, and a holistic long-term investment in human resources development from hire to retire,” she said.

Saudi Aramco, Bahri, Lamprell Energy and Hyundai Heavy Industries Sign MOU

26 January 2016 | comments (0) | Saudi Aramco News | by

Saudi Arabian Oil Company (Saudi Aramco) and the National Shipping Company of Saudi Arabia (Bahri) have amended the expired Memorandum of Understanding (MoU) on developing a maritime complex that would provide engineering, manufacturing and repair services for offshore rigs, commercial vessels and offshore service vessels in the Kingdom of Saudi Arabia.

The MoU, which was signed on January 25, 2016, covers joint participation by Lamprell Energy Limited, a subsidiary of Lamprell Plc., and Hyundai Heavy Industries Co. Ltd. in the collaboration with Saudi Aramco and Bahri to conduct due diligence on all activities and work streams required to make a Final Investment Decision by participating parties.

Through the development of the maritime complex, Saudi Aramco and the participating parties look forward to leveraging their know-how, current and future business needs, to actively pursue such an investment and promote economic development and job creation in the Kingdom of Saudi Arabia, and ensuring availability of world-class services to support the growing national and international portfolio. Such an undertaking shows the continued commitment to the development of the maritime sector and the opportunities it may offer.

Over the next few months the participating parties will conduct the necessary due diligence and other activities to determine the outcome of their engagement, after which all participating parties will be in a position to make further announcements.

King Salman Inaugurates King Abdullah Petroleum Studies and Research Center

20 January 2016 | comments (0) | Saudi Aramco News | by

King Salman Inaugurates King Abdullah Petroleum Studies and Research Center

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the King of Saudi Arabia today inaugurated The King Abdullah Petroleum Studies and Research Center (KAPSARC) – a non-profit economics and policy research institution dedicated to finding solutions for the most effective and productive use of energy to enable economic and social progress across the globe. KAPSARC undertakes global collaborative research on the economic impacts of energy, its technologies, policies and the environment.

The inauguration ceremony was attended by HRH Mohammad bin Salman bin Abdulaziz Al Saud, Saudi Deputy Crown Prince and Defense Minister; HE Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, Kingdom of Saudi Arabia and Chairman of the Board of KAPSARC; and, HE Khalid A. Al-Falih, Minister of Health and Chairman of the Board of Saudi Aramco.

HE Ali Al-Naimi said: “Today’s inauguration, under the patronage of HRH King Salman, reflects the Kingdom’s strong support of KAPSARC’s mission to expand global knowledge and understanding of energy to benefit society and the environment. Oil and gas have made and will continue to make a significant contribution to the Kingdom’s success and prosperity. Today, we also need to develop different sources of energy to be able to compete economically and, at the same time, meet the future development needs of the Kingdom, while protecting the environment and finding practical technology-enabled solutions to use energy more efficiently.”

Amin H. Nasser, President and CEO, Saudi Aramco said: “Energy is the main pillar of Saudi Arabia’s economy and the cornerstone of development and prosperity of economies around the world. With the increased complexity of global energy, it is important to continuously expand the boundaries of knowledge through collaboration and research. Saudi Aramco is honored to have helped establish KAPSARC which is a state of the art research center that brings together the brightest people from Saudi Arabia and around the world to tackle energy challenges. The Centre is characterized by its innovative design that integrates the highest standards of environmental conservation. Saudi Aramco will continue to support KAPSARC to achieve its mission and goals.”

Samer AlAshgar, President of KAPSARC said: “KAPSARC is all about improving the welfare of societies through a better understanding of the value that energy provides. We aim to develop frameworks for sustainable, value-added energy production and consumption in Saudi Arabia and around the world. Our mission proudly reflects the late King Abdullah’s vision, as we seek to make Saudi Arabia a leading source of energy insight in global discussions. On behalf of KAPSARC and its global research partners, I would like to take this opportunity to sincerely thank His Majesty King Salman for officially inaugurating our Riyadh facility and the continuing support given to the Center to fulfill its mission.”

In 2015, KAPSARC moved into its Riyadh headquarters, constructed by Saudi Aramco and designed by renowned architect Zaha Hadid. The Center now comprises a diverse team of over 15 nationalities. The Center has established a global footprint of collaborative partnerships, including institutions from China, India, Japan, East Africa, Europe and the Americas.

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