Category: Saudi Arabia
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Saudi ACWA Power seals 27 deals for green hydrogen and other technologies
Saudi ACWA Power seals 27 deals for green hydrogen and other technologies ACWA Power, a Saudi Arabian developer, investor and operator of power generation, water desalination, […] The post Saudi ACWA Power seals 27 deals for green hydrogen and other technologies appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Saipem’s jack-up returns to work in ‘key market’ after one-year suspension
Saipem’s jack-up returns to work in ‘key market’ after one-year suspension Saipem’s jack-up rig Perro Negro 7 is set to resume operations in Saudi Arabia […] The post Saipem’s jack-up returns to work in ‘key market’ after one-year suspension appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Zamil Offshore takes over Remøy Shipping
Zamil Offshore takes over Remøy Shipping Saudi Arabia’s Zamil Offshore Services Company (ZOSCO) has taken a decisive step into the Norwegian offshore market with the acquisition of Remøy Shipping for an undisclosed sum.T The deal, which also includes Rem Stadt and RS Crewing, secures the future of Remøy Shipping after more than a century under…
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ADES picks up $63m Brunei jackup deal
ADES picks up $63m Brunei jackup deal Saudi oil and gas driller ADES has landed a fresh two-year contract for the Compact Driller jackup with Brunei Shell Petroleum, marking its first award since completing the acquisition of Shelf Drilling. The deal, worth around SAR 236m ($63m), was secured through Shelf Drilling, now a wholly owned…
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Keel laying for third out of 20 planned jack-ups done, with fourth rig in the pipeline
Keel laying for third out of 20 planned jack-ups done, with fourth rig in the pipeline Aside from a deal to build a fourth jack-up in a series of 20 planned newbuild Saudi-operated and manufactured offshore rigs, which has been signed by International Maritime Industries (IMI) and ARO Drilling, a 50/50 joint venture between Valaris…
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DeepOcean and Jana Marine team up for Middle East subsea joint venture
DeepOcean and Jana Marine team up for Middle East subsea joint venture Norway’s DeepOcean and Saudi Arabia-based Jana Marine Services have penned a deal to form a joint venture targeting the offshore subsea market in the Middle East. The new company, to be named JADE Subsea Services, will provide integrated subsea construction, inspection, maintenance and…
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Drilling job in Saudi waters on ADES rig’s agenda in January
Drilling job in Saudi waters on ADES rig’s agenda in January ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia. The post Drilling job in Saudi waters on ADES rig’s agenda in January appeared first…
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CMA CGM plots expansion in Saudi Arabia with $450m Jeddah terminal JV
CMA CGM plots expansion in Saudi Arabia with $450m Jeddah terminal JV French shipping and logistics group CMA CGM has taken another step to expand its terminal footprint in the Middle East, signing a term sheet with Saudi Arabia’s Red Sea Gateway Terminal (RSGT) for a potential joint venture to build and operate Terminal 4…
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Bahri orders six ultramaxes at IMI
Bahri orders six ultramaxes at IMI Saudi shipowner Bahri has firmed up an order for six geared ultramax bulk carriers at International Maritime Industries (IMI), marking the first bulk carrier newbuilding deal for the Ras Al-Khair yard. The company said in a Tadawul filing that the 62,823 dwt vessels will cost around $203m in total,…
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Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework
Fredriksen and Greece’s top shipowners spearhead revolt against IMO’s Net Zero Framework Some of the biggest names in world shipping are rallying against the International Maritime Organization’s (IMO) flagship Net-Zero Framework (NZF), just weeks before it comes up for adoption in October. John Fredriksen’s Frontline, George Economou’s TMS Group, Evangelos Marinakis’s Capital Maritime & Trading,…
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Subsea7 scores Aramco contract worth up to $1.25bn
Subsea7 scores Aramco contract worth up to $1.25bn Subsea7 has landed a major engineering, procurement, construction, and installation (EPCI) contract from Aramco, covering offshore facilities in Saudi Arabia. The award falls under Subsea7’s long-term agreement (LTA) with the state-owned operator, the Oslo-listed company said. The contract scope includes approximately 106 km of infield and export…
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ADES scores multi-year jackup extension deal in Qatar
ADES scores multi-year jackup extension deal in Qatar Saudi Arabia’s ADES has signed a multi-year contract extension with QatarEnergy for its jackup rig Aquamarine Driller, marking its second long-term award in Qatar this year. The deal secures the rig for a firm period of four years, with three additional one-year options. If fully exercised, the…
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As Trump turns to South Korea and Japan, China strengthens maritime ties with Saudi Arabia
As Trump turns to South Korea and Japan, China strengthens maritime ties with Saudi Arabia China and Saudi Arabia intend to strengthen their collaboration in the maritime sector, especially in shipbuilding, where China holds a leading position globally. The post As Trump turns to South Korea and Japan, China strengthens maritime ties with Saudi Arabia…
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Saudi Arabia’s drilling player nets first international contract
Saudi Arabia’s drilling player nets first international contract Saudi Arabia’s Arabian Drilling has signed a contract with an undisclosed company from the Gulf Cooperation Council (GCC). The post Saudi Arabia’s drilling player nets first international contract appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz
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Shelf Drilling wins Saudi Aramco rig extension deal
Shelf Drilling wins Saudi Aramco rig extension deal Oslo-listed jackup rig player Shelf Drilling has landed a five-year contract extension with Saudi Aramco for its High Island V unit. The total added contract value is about $133m, the UAE-based company said in a filing. The extension will take effect immediately following the current fixture, securing…
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Shelf Drilling rig staying five more years with Aramco
Shelf Drilling rig staying five more years with Aramco Shelf Drilling (SHLF) has landed a multi-year assignment for one of its jack-up rigs in the Middle East, where it will continue its drilling work with Aramco. The post Shelf Drilling rig staying five more years with Aramco appeared first on Offshore Energy. Melisa Cavcic Go…
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Saudi Arabia strikes eight port terminal deals
Saudi Arabia strikes eight port terminal deals The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The 20-year agreements have been awarded to two international port operators: Saudi Global Ports (SGP), a subsidiary of Singapore’s PSA,…
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Saudi 2030 Vision in the making: SGP wins 20-year concession for four multipurpose terminals
Saudi 2030 Vision in the making: SGP wins 20-year concession for four multipurpose terminals Saudi Global Ports Group (SGP) has been awarded four 20-year concession agreements by the Saudi Ports Authority (Mawani) to operate multipurpose terminals along the Eastern Coast of Saudi Arabia. The post Saudi 2030 Vision in the making: SGP wins 20-year concession…
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Saudi prince launches bunker company
Saudi prince launches bunker company Abdulaziz bin Turki Al Saud, a Saudi prince, has launched Eleven Energy, a new global bunkering company. Positioned to play a key role in supporting the Kingdom’s international energy ambitions, Eleven Energy will spearhead Saudi Arabia’s entry into the global bunker and marine fuels market, with a focus on innovation,…
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MSC ship aground off Jeddah, likely victim of GPS spoofing
MSC ship aground off Jeddah, likely victim of GPS spoofing Three days on from grounding off Jeddah, Saudi Arabia, the 7,000 teu MSC Antonia remains stuck in the Red Sea, with vessel tracking showing the ship was likely the victim of GPS jamming. Analysis from Windward, a maritime analytics firm, has highlighted the spoofing patterns…
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ARO Drilling agrees extensions for five jackups with Saudi Aramco
ARO Drilling agrees extensions for five jackups with Saudi Aramco ARO Drilling, a joint venture of New York-listed offshore driller Valaris, has signed extensions for five jackup rigs with Saudi giant Aramco. The extensions, all for five years, were signed for the Valaris 250, Valaris 116, Valaris 146, Valaris 140, and Valaris 141 or as…
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Saipem and Lamprell extend offshore cooperation with Saudi Aramco
Saipem and Lamprell extend offshore cooperation with Saudi Aramco The Saudi giant has renewed long-term agreements with the Italian offshore engineering and construction giant Saipem and UAE-based fabricator Lamprell. Saipem’s agreement with the Saudi firm is now set to run until the end of 2027. With this renewal, the company is confirmed in the exclusive…
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Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs
Valaris pensions off semi-sub trio, offloads jack-up, and picks up new drilling work for multiple rigs Valaris has taken steps to optimize its rig fleet by deciding to put three semi-submersible units out of drilling work for good and divest a stacked jack-up rig. The rig owner has also won a new batch of drilling assignments spanning…
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ADES seals second jackup deal in Nigeria
ADES seals second jackup deal in Nigeria Saudi oil and gas driller ADES has won its second contract for one of its jackup rigs offshore Nigeria. The company has fixed the 2013-built Admarine 501 to Nkuku Ikon Petroleum Development following the deal with Brittania-U for its Admarine 504 unit last month. The new contract, which…
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ADES seals second jackup rig deal in Thailand
ADES seals second jackup rig deal in Thailand Saudi oil and gas driller ADES has secured its second contract in Thailand, marking the fourth redeployment of one of its suspended jackup rigs in the Kingdom. The deal, estimated at about $276m, covers a firm five-year term for the Admarine 503 rig with a three-year extension…