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Saudi Aramco, partners to develop maritime complex in Saudi Arabia

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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 Saudi Arabia. The proposal is a major step in the development of Saudi Arabia’s maritime sector and part of a wider undertaking aimed at developing an energy goods and services sector, while contributing to the kingdom’s economic growth and job creation.

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Short-term approach to personnel development is a growing concern, DNV GL survey finds

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A report published by DNV GL reveals that skills shortages are seen as a barrier to growth and an increasing concern throughout the US. More than half of respondents believe organizations are taking a short-term approach to skills and career development. “A New Reality: The Outlook for the Oil and Gas Industry in 2016” is based on a global survey of 921 senior professionals in the sector. It shows that an increased portion of US respondents see cost management as the top priority in 2016 – 38% compared with 25% in 2015.

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