Oil & Gas News (OGN)

Tag: Saudi Arabia

Energy, Oil & Gas

Acwa reaches commercial operation for renewable-powered Red Sea utilities

Sun, 06 Sep 2026

Saudi-listed Acwa has reached the Project Commercial Operation Date (PCOD) for the utility systems serving The Red Sea destination, marking the first time a giga-project in Saudi Arabia has brought its entire utility infrastructure into commercial operation using only renewable energy and without support from the national grid....

Energy, Oil & Gas

Sabic, Lenovo sign MoU to advance industrial innovation in Saudi Arabia

Wed, 02 Sep 2026

Sabic and Lenovo have signed an MoU to explore strategic collaboration on industrial innovation and advanced technology development. Signed September 1 during LEAP in Riyadh, the agreement aims to combine expertise, accelerate knowledge transfer and support Saudi Arabia’s industrial transformation....

Energy, Oil & Gas

Saudi Arabia funds 37 solar-powered wells to address Chad water shortage

Wed, 02 Sep 2026

Saudi Arabia’s King Salman Humanitarian Aid and Relief Centre (KSrelief) has signed a joint programme with the Education Development Organisation to drill 37 solar-powered wells in N’Djamena and other regions of Chad....

Energy, Oil & Gas

Saudi Energy signs three agreements to support AI, data centre growth

Wed, 02 Sep 2026

Saudi Energy has signed three strategic agreements at LEAP 2026 with HUMAIN, center3 and Huawei to strengthen energy and digital infrastructure for Saudi Arabia’s expanding AI and data centre sector, supporting future capacity, investment and technological growth....

Energy, Oil & Gas

Arabian Drilling signs $800m five-year contract with SLB for 11 gas rigs

Mon, 31 Aug 2026

Saudi Arabia’s Arabian Drilling Company has signed a new five-year contract worth approximately SAR3 billion ($800 million) with SLB for the provision of 11 land rigs for gas-related lump-sum turnkey (LSTK) operations....

Energy, Oil & Gas

Saudi Oil Sustainability Programme wins two Vega Digital Awards

Mon, 31 Aug 2026

The Saudi Oil Sustainability Programme (OSP) has won two international Vega Digital Awards for its “We Know Its Worth” campaign, launched to mark Saudi Arabia’s 95th National Day and highlight the importance of oil in everyday life....

Energy, Oil & Gas

Intech secures maintenance contract for Saudi petchem facility

Sun, 30 Aug 2026

Intech has secured a services contract to provide comprehensive maintenance support for critical safety and control infrastructure at a major petrochemical facility in Saudi Arabia....

Energy, Oil & Gas

Aramco offering crude oil outside Strait of Hormuz: report

Tue, 18 Aug 2026

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....

Energy, Oil & Gas

Arabian Drilling expects 100pc offshore fleet utilisation by Q3 2026

Sun, 16 Aug 2026

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....

Energy, Oil & Gas

Saudi, Syrian firms sign agreements for 760 MW solar projects

Sun, 09 Aug 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....

Energy, Oil & Gas

1,100 MW Al Henakiyah solar project boosts Saudi clean energy capacity

Wed, 05 Aug 2026

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. ...

Energy, Oil & Gas

Intech to deliver digital twin energy solution for Saudi petchem producer

Wed, 05 Aug 2026

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....

Energy, Oil & Gas

Sabic Q2 revenue falls 5pc amid global market pressures

Wed, 29 Jul 2026

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....

Energy, Oil & Gas

US-Saudi Mera Oil advances final site selection for $5bn refinery project

Wed, 29 Jul 2026

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. ...

Energy, Oil & Gas

Oil prices rebound; new voluntary Hormuz fee proposed

Wed, 29 Jul 2026

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....

Energy, Oil & Gas

Joint US-Saudi strikes hit Iraq militias, Iran missile attack thwarted

Wed, 29 Jul 2026

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....

Energy, Oil & Gas

Saudi Arabia to launch first energy recovery device manufacturing facility outside US

Tue, 28 Jul 2026

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....

Energy, Oil & Gas

Oil prices tumble as US-Iran hostilities remain on hold

Tue, 28 Jul 2026

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....

Energy, Oil & Gas

Missiles targeting Saudi oil refineries shot down, sources say

Sat, 25 Jul 2026

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. ...

Energy, Oil & Gas

Trump says Saudi must join Abraham Accords for US nuclear deal

Fri, 24 Jul 2026

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....

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