Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, a Reuters News report said quoting two sources with knowledge of the matter....
Arabian Drilling, Saudi Arabia’s largest drilling contractor by fleet size, said it has received notice to resume operations for its remaining suspended offshore rigs. The company expects the restart to reflect a recovery in offshore market activity and lift utilisation across its offshore fleet to 100 per cent by the end of the third quarter of 2026....
Saudi Arabia and Syria signed three Power Purchase Agreements (PPAs) for 760MW of solar projects in Rif Dimashq, supported by 1,077MWh of battery storage, alongside technical cooperation agreements with Saudi Electricity Project Development Company and Siemens Energy....
Saudi Arabia’s Al Henakiyah (1) Solar PV Plant, part of the Kingdom’s National Renewable Energy Programme supervised and implemented by the Ministry of Energy, has a capacity of 1,100 MW, enough to supply electricity to approximately 190,000 homes annually. ...
Intech has secured a contract to provide an integrated Digital Twin-powered energy and emissions intelligence solution for a leading petrochemical producer in Saudi Arabia, supporting the company’s sustainability goals and regulatory compliance requirements....
Saudi Basic Industries Corporation (Sabic) reported revenue of SAR 24.81 billion ($6.62 billion) for the second quarter of 2026, down 5 per cent compared with the previous quarter, as the company navigated geopolitical uncertainties, supply disruptions and elevated energy costs....
US-Saudi consortium Mera Oil has entered the final stage of selecting a host location for its planned $5 billion integrated refinery and energy export corridor. Following three years of evaluation, three GCC sites outside the Strait of Hormuz have been shortlisted. ...
Oil prices climbed sharply on Wednesday as renewed military clashes between the United States, Saudi Arabia and Iran kept traders on edge about supply disruptions, even as Oman unveiled a Gulf-backed proposal aimed at safeguarding shipping through the Strait of Hormuz....
The Middle East moved closer to a broader regional confrontation on Wednesday as Iran launched a failed ballistic missile attack on US forces, while the United States and Saudi Arabia carried out joint airstrikes against Iran-backed militias in Iraq....
Saudi Water Authority will launch local production of energy recovery devices in 2027, establishing the world’s first facility outside the US to manufacture the desalination technology, boosting supply security and supporting exports....
Oil prices extended their sharp decline in early Asian trading on Tuesday as markets welcomed a fourth consecutive night without military strikes between the United States and Iran, easing immediate fears of a wider disruption to Middle East energy supplies....
Air defence systems in Saudi Arabia intercepted two ballistic missiles from Yemen on Saturday targeting oil refineries in Yanbu, Greek security sources a day after US forces launched fresh air strikes on Iran, said media reports. The defence system was operated by Greek military personnel. ...
US President Donald Trump has thrown the future of a newly signed civilian nuclear cooperation agreement with Saudi Arabia into uncertainty by declaring that it will take effect only if the kingdom normalises relations with Israel, a condition that was not publicly attached to the deal when it was signed....
Ampo Poyam Valves has been selected to supply 180 large-sized engineered gate valves, including 148 cryogenic service gate valves, for Saudi Aramco’s Riyas NGL Fractionation Trains project in Jubail, Saudi Arabia....
US Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman have signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement. ...
US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter....
John Crane, a global flow control technology company and part of Smiths Group, has appointed Bedour Bubshait as Regional Procurement Manager, making her the first woman to hold a management position within its Saudi Arabian business....
SGS has signed a Memorandum of Understanding (MoU) with Al Jeri Investment Company to explore collaboration opportunities across strategic sectors, including energy, logistics and industrial services in Saudi Arabia....
Acwa receives Saudi government approval for exclusive exports of green hydrogen derivatives, including green ammonia and methanol, while developing renewable electricity export projects to European and Arab markets....
Worley has secured a five-year agreement among 11 contractors selected by Aramco to support major Saudi projects, delivering energy infrastructure, consultancy services, and digital solutions across engineering, construction, and talent development....
