6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: Saudi Arabia

Energy, Oil & Gas

Soiltech secures Saudi fluid treatment contract

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....

Energy, Oil & Gas

Al Jomaih & Shell Lubricating Oil Company, NANCO sign strategic lubricants deal

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. ...

Energy, Oil & Gas

Middle East credit outlook for 2026 stable despite lower oil: S&P

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%. ...

Energy, Oil & Gas

Saudi Arabia, Türkiye sign intergovernmental renewable energy agreement

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. ...

Energy, Oil & Gas

GFH acquires majority stake in Byrne Equipment Rental

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....

Energy, Oil & Gas

Saudi Arabia issues 201 new mining licences in December

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. ...

Energy, Oil & Gas

Acwa selects Topsoe as ammonia tech licensor for Yanbu project

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....

Energy, Oil & Gas

Bahri, Hadeed in talks on maritime transport collaboration

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. ...

Energy, Oil & Gas

Trinasolar, Haala Energy to advance solar projects in Saudi Arabia

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....

Energy, Oil & Gas

Arabian Drilling secures $373m in land contract extensions

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....

Energy, Oil & Gas

Applus+ launches exclusive Advisory Services in Saudi Arabia

Applus+, a global leader in Testing, Inspection, and Certification (TIC), announces the launch of its Advisory Services in Saudi Arabia, to help clients improve compliance, performance, resilience, and sustainability....

Energy, Oil & Gas

Saipem announces restart of jack-up rig in Saudi Arabia

Saipem, a global leader in the engineering and construction of major projects for energy and infrastructure sectors, has announced the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia. The rig can operate in waters up to 375 ft deep and drill wells up to 9,100m. ...

Energy, Oil & Gas

CATL opens Mideast's largest new energy aftermarket facility in Riyadh

Leading Chinese battery manufacturer CATL has opened its first new energy aftermarket facility in the Middle East at Riyadh. The launch of the Ning Service Experience Center comes as Saudi Arabia advances its ambitious electrification and decarbonisation goals under Vision 2030. ...

Energy, Oil & Gas

EDF RHQ, droppRWA to explore energy financing solutions in Saudi Arabia

EDF International Regional Headquarters (EDF RHQ) and droppRWA signed an MoU to explore blockchain in Saudi Arabia’s energy sector, focusing on inter-company transactions, tokenising energy assets, enhancing project liquidity, and creating innovative carbon credit frameworks....

Energy, Oil & Gas

Saipem snaps up $600m Saudi Aramco offshore contracts

Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia. ...

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