ADNOC Distribution, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has successfully listed its shares on the Abu Dhabi Securities Exchange (ADX)
Industry
Rolls-Royce to deliver new gas engines for greenhouses
Rolls-Royce has entered a contract with Tuinbouwbedrijf Marc Pittoors (T.B.M.P) BVBA, for the supply of a 7 MWe combined heat and power plant (CHP) to provide heat and power to a new tomato greenhouse in Belgium
Petrofac wins Middle East contracts totalling almost US$1bn
Petrofac has won new contracts in Oman and Iraq together totalling almost US$1bn
SNC-Lavalin signs MoU with Saudi Aramco to boost localisation
SNC-Lavalin and Saudi Aramco have signed a Memorandum of Understanding underlining SNC-Lavalin’s continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia
The MoU supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program, which applies to Saudi Aramco suppliers and drives the localisation of oilfield services and equipment value chain, to strengthen and diversify the Saudi economy; transfer technologies, skill and knowledge through training and development; and create thousands of new jobs for the growing Saudi population.
Neil Bruce, president and CEO of SNC-Lavalin, was present for the signing, and said, “SNC-Lavalin has been operating in Saudi Arabia for over 40 years, with a clear commitment to developing local talent and creating opportunities for local supply chain. In recent years, our presence has grown rapidly, in large part due to our ongoing Saudisation efforts and on ground presence.”
“I am proud to sign the agreement today, which reflects our long-term commitment to the region and our valued and trusted relationship with Saudi Aramco, and gives a working platform to accelerate our ongoing efforts to meet and exceed the objectives set within the IKTVA initiative.”
Christian Brown, president, Oil & Gas, SNC-Lavalin, added, “Our work for Saudi Aramco is of great importance to us; we have close to 10,000 team members working in the country and putting in place such a framework around IKTVA means we can continue to grow and execute additional scopes on behalf of Saudi Aramco. Our presence, scale and experience in the region mean we are well placed to implement this, and we see strong demand for similar initiatives supporting economies and social development in our active bidding.”
TechnipFMC opens 18,000 sq m facility to support Middle East market
TechnipFMC has opened 18,000 sq m surface international facility in the UAE to assist Abu Dhabi National Oil Company (ADNOC) to enhance their operations in Abu Dhabi