Latest News for: Saudi offshore

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PIF-backed Ades receives $76.5bn in orders from institutional investors

The National 22 Sep 2023
Ades Holding, an oil and gas drilling company backed by Saudi Arabia's Public Investment Fund, received orders of approximately 286.85 billion Saudi riyals ($76.5 billion) from institutional investors for its initial public offering ... Saudi PIF-backed oil and gas driller Ades to list 30% stake on Tadawul.
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Active jack-up rigs in Middle East expected to double driven by Saudi demand

Seatrade Maritime News 21 Sep 2023
Saudi Arabian offshore operators are sitting at the forefront of a boom in the sector, but at the same time with an eye to sustainability, according to John McDonald, President and COO of ABS ... Middle East offshore vessels on the cusp of a ‘super-cycle’ ... In Conversation with Danial Kaabi and Bab Reijntjes from Sea Horizon Offshore Marine Services.
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Middle East offshore vessels on the cusp of a ‘super-cycle’

Seatrade Maritime News 21 Sep 2023
Fazelboy, CEO of Dubai-based energy consultancy Synergy Offshore, is predicting a prolonged booming market for offshore vessel operators in the Middle East. Speaking at the Saudi Maritime Congress in Dammam yesterday, he told delegates that the world does not have enough green energy available today to halt the search for hydrocarbons.
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Giga projects, the blue economy, and port infrastructure business opportunities in Saudi Arabia

Seatrade Maritime News 21 Sep 2023
Saudi Arabia’s role as a crossroads is being accentuated by the Kingdom’s Giga projects and investment in shipping and energy infrastructure ... Bahri and Saudi Ports Authority ink sustainability agreements ... Middle East offshore vessels on the cusp of a ‘super-cycle’ ... “The demand for Aramco from offshore contractors is increasing day by day.”.
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Bahri and Saudi Ports Authority ink sustainability agreements

Seatrade Maritime News 21 Sep 2023
Attendees at the Saudi Maritime Congress witnessed the signings of Memorandum of Understandings (MoUs) between the Saudi Investment Recycling Company (SIRC) and leading shipowning and port entities. The first deal was signed between shipping and logistics company Bahri and SAIL, a subsidiary of Saudi Investment Recycling Company (SIRC).
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Saudi PIF-backed ADES prices IPO at top end, implying over $4 billion valuation

Gulf News 20 Sep 2023
PIF-backed oil driller’s Saudi IPO set to raise $1.2 billion PIF-backed driller, shareholders seek up to $1.2 billion in Saudi IPO PIF-backed oil driller Ades gets approval for $1 billion Riyadh IPO ... Headquartered in the eastern Saudi city of Khobar, ADES operates a fleet of offshore and onshore rigs across the Middle East, North Africa and India.
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Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation

Reuters 20 Sep 2023
ADES is the second company to seek a flotation on the Saudi Exchange since the summer after domestic auto rental company Lumi priced its IPO at the top of its range earlier this month. Headquartered in the eastern Saudi city of Khobar, ADES operates a fleet of offshore and onshore rigs across the Middle East, North Africa and India.
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PIF-backed Ades raises $76.5m from institutional investors in oversubscribed offering

The National 20 Sep 2023
Ades Holding, an oil and gas drilling company backed by Saudi Arabia's Public Investment Fund, has raised approximately 286,853 million Saudi riyals ($76.5 million) from institutional investors for its initial public offering ... Saudi PIF-backed oil and gas driller Ades to list 30% stake on Tadawul.
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Saudi Aramco awards prized offshore project to Middle East contracting giant

Upstream Online 19 Sep 2023
Abu Dhabi’s National Petroleum Construction Company (NPCC) has landed a sizeable offshore subsea ...
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Iran won’t relinquish share in disputed offshore gas field: Oil minister

The Siasat Daily 18 Sep 2023
Iran will not give up its share of the Arash gas field, which is located in a neutral maritime zone between Iran, Kuwait and Saudi Arabia, Iranian Oil ... Known as Durra in Kuwait and Saudi Arabia, the offshore gas field was discovered in 1967.
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When Trump is Finally Revealed as an Agent of Foreign Governments - Will America Wake Up?

Democratic Underground 18 Sep 2023
Trump also sucked up to arguably the wealthiest oligarch in the world, Saudi Arabia’s Mohammad bin Salman. Breaking with the tradition of American presidents first visiting close allies among democratic nations, Trump’s first foreign trip was to Saudi Arabia, and the kingdom later gifted his family with $2 billion.
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Iran won't relinquish share in disputed offshore gas field: oil minister

Xinhua 17 Sep 2023
Known as Durra in Kuwait and Saudi Arabia, the offshore gas field was discovered in 1967 ... In March 2022, Saudi Arabia and Kuwait signed an ... Iran won't relinquish share in disputed offshore gas field.
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Saudi Arabia is cutting its cloth to become the next kingdom of fashion

Arab News 17 Sep 2023
Until recently, the Saudi capital of Riyadh was hardly ever looked upon as a hotspot on the global fashion circuit ... 20 to 23, Saudi designers will come into the spotlight on the catwalk in the capital of their own country ... Banda notes how in the luxury sector, Saudi Arabia represents 9 percent of the global market, due to the offshoring of spend.
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Saudi Aramco nears decision phase on expansion of world's largest offshore oilfield

Upstream Online 15 Sep 2023
Saudi Aramco is nearing the decision phase for at least nine offshore engineering, procurement, ...
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Saudi Aramco nears decision phase on expansion of world’s largest offshore oilfield

Upstream Online 15 Sep 2023
Saudi Aramco is close to deciding on at least nine offshore engineering, procurement, construction ...

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