Oil and gas services specialists, Petrofac, have won a long term contract, to supply engineering and construction services to Saudi Aramco.
Offshore lifting specialists Sparrows, has entered the Saudi Arabian market, as it signs a deal with local firm Zamil Group, to offer its full product range.
Huston based McDermott has announced its biggest contract win to date, within the Middle East, from Saudi Aramco, following its recent LTA with the same firm.
Oil rich nation Saudi Arabia is expected to ease off its crippling grip on low global oil prices, as it looks to increase the price of its Asian exports.
Oil prices face the possibility of further declines, as Saudi Arabian officials indicate the oil nation is ready to further increase both production and oil exports.