Latest news with #IKTVA
Trade Arabia
28-05-2025
- Business
- Trade Arabia
MSA Safety forms detection assembly partnership in Saudi Arabia
MSA Safety Incorporated, a global leader in the development of advanced products and solutions that help protect people and facility infrastructures, has announced a partnership with Mohammed Hassan Sherbiny for Commerce to assemble and supply MSA's line of General Monitors S5000 Gas Monitors within Saudi Arabia. Sherbiny, a leader in industrial local manufacturing, offering premium equipment and solutions for the oil and gas industry, will assemble the MSA products locally at its facility in Al-Khobar. The facility has been approved by Saudi Aramco under its In-Kingdom Total Value Add (IKTVA) program. IKTVA was established by Saudi Aramco to increase local investment, manufacturing and jobs throughout the kingdom. 'We're very excited to have this product assembly partnership in place,' said Dave Howells, President of MSA International. 'The partnership aligns with MSA's Accelerate strategy, which includes a focus on growing the company's global detection business. By providing local assembly capabilities and supporting Saudi Aramco's IKTVA program, Sherbiny enhances our ability to serve customers in the region, with faster delivery while also strengthening our technical support capacity, quality control and customer service,' he said. Howells added that MSA Safety will expand its local service and training teams to further support Sherbiny and its growing customer base. Majed Sherbiny, Chief Executive Officer for Mohammed Hassan Sherbiny for Commerce, commented: 'At Sherbiny, our core value is customer focus, and we are dedicated to putting the customer at the center of our world,' he said. 'We are proud to be one of the premier partners for Saudi Aramco over the past 35 years, and we are thankful for them in supporting our local manufacturing initiatives that enable us to directly provide the best quality products and services that our customers deserve. 'Our partnership with MSA to locally assemble its state-of-the-art detection technologies, like the S5000 Gas Monitor, represents an exciting new phase in that partnership,' Sherbiny said. 'We view the partnership as a starting point that can lead to more local assembly work over the coming years, as we are committed to fulfilling the Kingdom's Vision 2030 economic development program, alongside Saudi Aramco and its IKTVA initiative.' The S5000 Gas Monitor utilises MSA's proprietary XCell hydrogen sulfide (H2S) sensor with TruCal® technology. This innovative technology reduces the users' total cost of ownership with improved sensor performance in high-risk applications. It is also a direct replacement for customers using the previous model of hydrogen sulfide detectors. Howells noted the Middle East has long been a strategic growth region for MSA Safety. 'This partnership represents an important, cooperative venture that enhances MSA's ability to build a substantial fleet of fixed gas and flame detectors and related services in Saudi Arabia. Like Sherbiny, we welcome the opportunity to support Saudi Aramco's IKTVA program and Saudi Arabia's Vision 2030 program by positioning our two organizations to better meet infrastructure and worker safety needs.' - TradeArabia News Service
Zawya
21-04-2025
- Business
- Zawya
McDermott, Saipem win major Saudi Aramco project LTA extension
Saudi oil giant Aramco has awarded an extension of its Long-Term Agreement (LTA) framework to leading engineering and construction groups - McDermott and Saipem - to support brownfield and greenfield developments on some of the kingdom's largest offshore assets. As per the deal, McDermott, a premier, fully-integrated provider of engineering and construction solutions to the energy industry, has been awarded a three-year extension of Aramco's LTA Framework, while Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has signed a renewal for its LTA extending until the 2027-end. According to McDermott, the extension optimises the current agreement and extends the duration of the agreement. In line with Saudi Vision 2030, McDermott has ambitious long-term growth plans in Saudi Arabia. Extension of the LTA will bolster support of the in-Kingdom Total Value Add (IKTVA) programme and other local content commitments. "The extension of this prestigious agreement is testament to our application of project delivery best practices through the past decade on the initial LTA contract and other lump-sum turnkey contracts we hold with Aramco," remarked Mike Sutherland, Senior Vice President, Offshore Middle East at McDermott. "Aramco's continued investment in the development and maintenance of the Saudi offshore fields demonstrates their efforts to provide energy reliability," he added. As part of its commitment to IKTVA, McDermott said it plans to complete construction of its Safira fabrication yard to enhance project delivery capability and support its growing Saudi-based project management, engineering and procurement presence. Sutherland said McDermott would continue its commitment to recruitment and development of talented Saudi nationals at all levels. Safira will have the capability to fabricate and assemble the offshore platforms, jackets and structures for subsea pipelines required to support Aramco's planned offshore expansions, he added. Saipem said with the Aramco decision, it has been reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release Purchase Orders). These contracts may relate to both the construction of new investment projects and any projects aimed at maintaining production capacity from Saudi Arabia's offshore fields. On the renewal of the LTA, Saipem said these contracts will be carried out by a consortium led by Snamprogetti Saudi Arabia (a subsidiary of Saipem SpA) and STAR (Saipem Taqa Al-Rushaid Fabricators Co), which aims to maximise local activities leveraging the local fabrication yard, established in Saudi Arabia in 2008. Saipem and Saudi Aramco have a long history of collaboration on onshore, offshore and drilling projects, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
19-04-2025
- Business
- Trade Arabia
McDermott, Saipem win major Aramco project LTA extension
Saudi oil giant Aramco has awarded an extension of its Long-Term Agreement (LTA) framework to leading engineering and construction groups - McDermott and Saipem - to support brownfield and greenfield developments on some of the kingdom's largest offshore assets. As per the deal, McDermott, a premier, fully-integrated provider of engineering and construction solutions to the energy industry, has been awarded a three-year extension of Aramco's LTA Framework, while Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has signed a renewal for its LTA extending until the 2027-end. According to McDermott, the extension optimises the current agreement and extends the duration of the agreement. In line with Saudi Vision 2030, McDermott has ambitious long-term growth plans in Saudi Arabia. Extension of the LTA will bolster support of the in-Kingdom Total Value Add (IKTVA) programme and other local content commitments. "The extension of this prestigious agreement is testament to our application of project delivery best practices through the past decade on the initial LTA contract and other lump-sum turnkey contracts we hold with Aramco," remarked Mike Sutherland, Senior Vice President, Offshore Middle East at McDermott. "Aramco's continued investment in the development and maintenance of the Saudi offshore fields demonstrates their efforts to provide energy reliability," he added. As part of its commitment to IKTVA, McDermott said it plans to complete construction of its Safira fabrication yard to enhance project delivery capability and support its growing Saudi-based project management, engineering and procurement presence. Sutherland said McDermott would continue its commitment to recruitment and development of talented Saudi nationals at all levels. Safira will have the capability to fabricate and assemble the offshore platforms, jackets and structures for subsea pipelines required to support Aramco's planned offshore expansions, he added. Saipem said with the Aramco decision, it has been reconfirmed in the exclusive list of contractors selected by Saudi Aramco who are eligible to bid for work orders, known as CRPOs (Contract Release Purchase Orders). These contracts may relate to both the construction of new investment projects and any projects aimed at maintaining production capacity from Saudi Arabia's offshore fields. On the renewal of the LTA, Saipem said these contracts will be carried out by a consortium led by Snamprogetti Saudi Arabia (a subsidiary of Saipem SpA) and STAR (Saipem Taqa Al-Rushaid Fabricators Co), which aims to maximise local activities leveraging the local fabrication yard, established in Saudi Arabia in 2008.
Zawya
17-04-2025
- Business
- Zawya
Lamprell extends long-term offshore agreement with Saudi Aramco
Saudi Arabia - Lamprell, a leading provider of services to the international energy sector, has announced the successful extension of its longstanding offshore long-term agreement (LTA) with Saudi oil giant Aramco, a strategic collaboration since 2018. The signing ceremony was held at Aramco's offices in Dhahran, Saudi Arabia, and was attended by representatives from Lamprell, including Chairman Dr. Ghazi Osman and CEO Ian Prescott, alongside senior officials from Aramco's project management department. Lamprell CEO Ian Prescott said: "We are proud to have delivered several LTA Contract Release Purchase Order projects to date and are working on several others currently being constructed in our UAE facility." "We value our collaboration with Aramco and look forward to continuing our long-term working relationship with them. We are dedicated to supporting the Kingdom in achieving its Vision 2030 goals," he stated. "Our growing office in Saudi and the steadily advancing International Maritime Industries yard, where we are a joint venture partner, clearly indicate our commitment to the region and support of IKTVA efforts," he added. Lamprell said this renewal reaffirms its technical and operational expertise and solidifies the group's role as a key partner in advancing Saudi Arabia's energy and maritime sectors. "As the kingdom continues to pursue its Vision 2030 and iktva initiatives, Lamprell remains steadfast in delivering innovative solutions and highquality services that meet the market's evolving needs," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Associated Press
11-03-2025
- Business
- Associated Press
UL Solutions and Aramco Plan to Collaborate on Joint Projects to Help Enhance Safety in Saudi Arabia
NORTHBROOK, Ill.--(BUSINESS WIRE)--Mar 11, 2025-- UL Solutions (NYSE: ULS), a global leader in applied safety science, today announced its collaboration with Aramco, one of the world's leading integrated energy and chemicals companies, to explore opportunities to enhance safety through Aramco's In-Kingdom Total Value Add (IKTVA) goals, which support Saudi Arabia's Vision 2030 economic transformation plan. From left: Jomy Joseph, regional director of the Middle East and Africa at UL Solutions, and Abdullah M. Ghamdi, vice president of Fire Protection at Aramco. UL Solutions announced its collaboration with Aramco to explore opportunities to enhance safety through Aramco's In-Kingdom Total Value Add (IKTVA) goals, which support Saudi Arabia's Vision 2030 economic transformation plan. (Photo: Business Wire) The memorandum of understanding (MoU) between UL Solutions and Aramco, signed during the International Fire Operations Conference in Riyadh, includes potential collaboration to help advance fire and life safety and field engineering evaluations to meet Aramco's requirements and support public safety in Saudi Arabia, as well as testing and personnel training on UL Standards and workplace safety. 'With our mission of working for a safer world, we are ready to support the goals of Aramco and Saudi Arabia for a safer and more sustainable future,' said Jomy Joseph, regional director of the Middle East and Africa at UL Solutions. 'This MoU fosters a better understanding of stakeholder requirements and how we can help enable innovation for a safer and more successful future in Saudi Arabia with our longstanding expertise in fire and life safety science.' Aramco's IKTVA program aligns with Saudi Arabia's Vision 2030 and aims to create domestic value and support the long-term economic growth of Saudi Arabia. The MoU includes exploration of opportunities to leverage UL Solutions' expertise to support Aramco's IKTVA program goals, including developing the local energy sector, creating new jobs, improving supply chain efficiency and promoting Saudi Arabia as an export hub. As Saudi Arabia looks to improve nationwide fire safety and industrial security regulations, local and regional demand for fire prevention and safety implementation systems is anticipated to continue its upward trajectory. 'Our potential collaboration with UL Solutions through this MoU marks a significant milestone in our ongoing commitment to advancing fire safety standards and enhancing emergency response capabilities,' said Abdullah M. Ghamdi, vice president of Fire Protection at Aramco. 'Together, we look forward to combining our strengths toward achieving Vision 2030 by creating safer environments, enhancing our respective capabilities and promoting a culture of continuous improvement in fire safety practices.' About UL Solutions A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. CONTACT: Media contacts: Tyler Khan UL Solutions [email protected] T: +1 (847) 664.2139Steven Brewster T: +1 (847) 664.8425 SOURCE: UL Solutions Copyright Business Wire 2025. PUB: 03/11/2025 02:00 AM/DISC: 03/11/2025 02:01 AM
