SPARK, Dalipal sign $2.1bn deal
King Salman Energy Park (SPARK) and Dalipal Holdings have signed a 25-year land lease agreement to establish a major manufacturing facility in Saudi Arabia.
Dalipal International for Industry Company will develop the 1.03 million-sq-m site to serve regional and international markets.
The project involves a planned investment of $2.1 billion, with $600 million allocated to the first phase.
The facility will manufacture seamless steel pipes, including oil country tubular goods, drill pipes and hydrogen pipes.
DT, EnerVenue explore storage solutions
Desert Technologies (DT) has signed a memorandum of understanding with energy storage specialist EnerVenue to explore advanced energy storage solutions in Saudi Arabia.
The collaboration will assess applications of EnerVenue’s Aqueous Metal Cell technology across mining, oil and gas, data centres, microgrids and telecommunications.
The companies plan to launch a 215 kilowatt-hour pilot project in the first quarter of 2027, supporting reliable and flexible power solutions for critical sectors across the Kingdom.
Vulcan eyes Mena growth
Vulcan Completion Products is targeting further growth across the Middle East and North Africa (Mena), driven by advanced completion technologies, regional partnerships and manufacturing expansion.
With customers in 50 countries and 58 patents, the company is strengthening its Saudi presence through strategic partner Sawafi Al-Jazeera.
Its technologies aim to improve well performance, operational efficiency and reliability, while increased manufacturing capacity and localisation efforts support its expansion across key Middle Eastern markets.
Applus+ completes Jubail inspection
Applus+ has completed specialised tube inspection services for the Train 2 Turnaround 2025 at Jubail Industrial City 2, supporting a major oil and gas client in Saudi Arabia.
The project used advanced inspection techniques, including Eddy Current Testing and Magnetic Flux Leakage, to assess equipment integrity and reliability.
Completed with zero Lost Time Injuries across 17,148 safe working hours, the work highlights Applus+’s technical expertise and commitment to safety.
L&T KSA partner on renewables training
L&T Renewables KSA has signed an MoU with Onaizah Colleges to prepare Saudi students for renewable energy careers, supporting Vision 2030 and the Kingdom’s energy transition.
The agreement covers practical training, internships, cooperative programmes, research and professional development.
The partnership will also explore employment opportunities at L&T for qualified graduates.
The initiative aims to equip students with industry-relevant skills and strengthen Saudi Arabia’s local workforce to support the country’s expanding renewable energy sector.
Agility Global to sell Tristar for $1.5bn
Agility Global has agreed to sell its entire stake in energy logistics business Tristar to India’s Aegis Logistics in a deal valuing Tristar at $1.5 billion.
The transaction, subject to regulatory approvals, is expected to close by the end of March 2027.
Under Eugene Mayne, CEO, Tristar expanded from a domestic transport operator into a global logistics platform operating in more than 30 countries.
Its assets include over 1,000 trucks, 26 vessels and 14 fuel farms.
Viking to launch Saudi JV
Viking Completion Technology (Viking) has established a joint venture with Abdulrahman Algosaibi Holdings to launch an API-certified manufacturing, testing and service facility in Saudi Arabia.
Located in Dhahran, the facility will manufacture and service completion equipment, including safety valves, packers and seal assemblies.
Holding key API certifications, it enables Viking to supply locally manufactured products directly to Saudi customers, reducing delivery times and logistics challenges.
The development follows five years of investment and complements Viking’s established Dubai operations.
KSA, IEF sign clean energy MoU
Saudi Arabia’s Ministry of Energy and the International Energy Forum (IEF) have signed an MoU to strengthen cooperation on clean energy, climate change mitigation and Circular Carbon Economy (CCE) solutions.
Signed during the 17th IEF Ministerial Meeting in Riyadh, the agreement will promote technology-neutral approaches, knowledge exchange, research and regional collaboration to reduce emissions, enhance energy security and affordability, and advance sustainable energy solutions across the region.
SQU opens $4m energy lab
Sultan Qaboos University (SQU) has inaugurated a RO1.5 million ($4 million) Sustainable Energy Research Centre Laboratory in partnership with Oxy Oman to advance energy research and innovation.
The facility will focus on hydrogen, alternative fuels, energy efficiency and carbon capture. Separately, SQU and the Ministry of Energy and Minerals launched the second Kafa’a training programme, targeting 295 participants and supporting startups to strengthen energy efficiency and national expertise.
Canrig expands Titan globally
Canrig will introduce its Titan automated wrench to the eastern hemisphere in early 2027, following deployments in North America.
Designed to improve tubular connection quality and drilling efficiency, the technology reduces operational variability and equipment wear.
Testing showed a 40 per cent reduction in make-up sequence time and a 30 per cent reduction in break-out time compared with a competitor wrench, supporting safer operations, increased rig productivity and lower total cost of ownership.