Saudi Arabia said on Wednesday that an attempted drone strike targeted the Ras Tanura Refinery, the Kingdom’s largest oil processing facility, but caused no damage and did not disrupt supplies....
A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions....
Maintaining its unrivalled position as the world’s lowest-cost hydrocarbon producer, the Kingdom is simultaneously deploying renewables, green hydrogen and carbon capture to power energy its diversification strategy....
Achema Middle East will debut on 26–28 October 2026 at Riyadh International Convention & Exhibition Centre, bringing its century-long expertise in chemical engineering and process technology to a region undergoing rapid industrial diversification and downstream growth. ...
Saudi Arabia's Ministry of Energy has reiterated that all activities involving petroleum and petrochemical materials must obtain the necessary licences from the ministry....
Saudi Arabia’s Ministry of Energy and Kazakhstan’s Ministry of Foreign Affairs signed an agreement formally establishing the Saudi–Kazakh Coordination Council. The agreement strengthens bilateral ties, expands cooperation across multiple sectors, and enhances collaboration in energy, renewable energy, energy storage, and oil market coordination....
Soiltech has been awarded a contract with Estedama Environmental Solutions to deliver fluid treatment services (STT) in Saudi Arabia, utilising Soiltech’s market-leading technologies for waste reduction, waste recovery and reuse. Startup of operations is scheduled for the second quarter of 2026....
Al Jomaih & Shell Lubricating Oil Company (JOSLOC) and Al Nakhlah National Company (NANCO) signed a strategic lubricants supply agreement. Under the partnership, JOSLOC will provide premium lubricant solutions to support NANCO’s diverse fleet, enhancing efficiency, safety, and reliability across Saudi Arabia’s transportation and logistics sectors. ...
The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%. ...
Saudi Arabia and Türkiye signed a renewable energy agreement to strengthen cooperation. It covers solar power projects in Türkiye totaling up to 5,000 MW in two phases, supporting energy diversification, security, and low-carbon transition, with $2 billion in investments supplying electricity to two million households. ...
GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million....
Intech has announced its recognition as an Aveva Endorsed System Integrator (ESI) for Saudi Arabia, the highest tier within the Aveva System Integrator Partner Programme....
ENGIE, a global leader in low-carbon energy and services, today announced the appointment of Turki Al Shehri as Country Manager for Saudi Arabia, effective January 1, 2026. ...
Saudi Arabia has announced that its Ministry of Industry and Mineral Resources had issued a total of 201 new mining licences in December last year. These included 159 for exploration, 20 for small-scale mining and 18 for the building materials quarries, said a report. ...
Topsoe has been selected as ammonia technology licensor for ACWA’s Yanbu Green Hydrogen project in Saudi Arabia. Its technology will convert green hydrogen into ammonia and includes engineering, proprietary equipment, and catalysts for FEED contractors Sinopec and Técnicas Reunidas....
KEC International, a global infrastructure engineering, procurement and construction major, has announced the successful completion and energisation of a 380 kV double circuit OHTL in Saudi Arabia. Spanning 103km with 239 towers, it was among the most challenging transmission line projects in the region. ...
Saudi Arabia and Morocco have signed an executive programme for cooperation on renewable energy, including enabling national companies to implement such projects in both countries....
Saudi national shipper Bahri has entered into an agreement with Saudi Iron & Steel (Hadeed) to explore potential co-operation in maritime transport sector to meet Hadeed’s operational and technical needs. The plan includes potential development and construction of new vessels tailored to Hadeed’s transport needs. ...
Trinasolar, a leader in smart PV and energy storage solutions, has announced its collaboration with Haala Energy, a leading solar energy developer and installer in Saudi Arabia, during a signing ceremony held at the World Future Energy Summit (WFES) 2026....
Arabian Drilling, a leading Saudi-based drilling contractor, announced the signing of three contract extensions for land rigs with a total value of SAR 1.4 billion ($373 million), adding 25 rig years to its backlog....
