Latest News for: Saudi offshore

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Aramco shelves raft of oil field upgrade tenders

MEED 23 Feb 2024
As many as 15 offshore CRPOs have been put on hold following the Saudi energy ministry directing Aramco to stop its oil production capacity expansion programme ... .
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Jumbo Offshore Widens Middle East Operations with Sea Horizon Offshore MoU

The Maritime Executive 21 Feb 2024
Sea Horizon Offshore, with its broad network of local partners, will represent Jumbo Offshore to potential clients in the United Arab Emirates (UAE), Qatar, and Saudi Arabia ... Sea Horizon Offshore CEO Danial Kaabi explains.
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After 100m in 2023, will Saudi Arabia clear 150m tourists well before 2030?

Gulf News 20 Feb 2024
That’s what Saudi Arabia is setting as its ambition for tourist arrivals by the end of this decade ... Saudi Arabia’s PIF unveils offshore oil rig-themed adventure tourism hub ... “This Saudi hospitality boom is ‘once-in-a-generation’ kind.”.
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Saudi PIF acquires 40% stake in Zamil Offshore

GCC Business News 19 Feb 2024
The Public Investment Fund (PIF) has completed its investment in Zamil Offshore Services Company (Zamil Offshore), one of the largest Saudi-based offshore support vessel operators and construction service providers.
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Saudi wealth fund PIF buys 40% stake in Zamil Offshore

GDN Online 19 Feb 2024
Saudi sovereign wealth fund PIF (Public Investment Fund) has announced that it has completed the acquisition of a 40% stake in Zamil Offshore Services Company (Zamil Offshore). .
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Sea Horizon Offshore to represent Jumbo Offshore in Middle East

Seatrade Maritime News 19 Feb 2024
Heavy lift outfit Jumbo Offshore will be represented by Sea Horizon offshore in the Middle East under a new agreement between the companies ... US offshore wind vessel financing conundrum ... Equinor and BP to swap New York offshore wind assets.
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PIF acquires 40% stake in Zamil Company to boost Saudi Arabia's offshore support sector

Saudi Gazette 19 Feb 2024
Saudi Gazette reportRIYADH — The Public Investment Fund (PIF) has finalized its acquisition of a 40% stake in Zamil Offshore Services Company, a leading Saudi-based operator and service provider in the ....
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Saudi Arabia’s PIF takes 40% stake in Zamil Offshore

Arabian Business 19 Feb 2024
Saudi sovereign wealth fund invests in offshore service company ....
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Arabian Drilling secures $226m Aramco land rigs contract

GDN Online 11 Feb 2024
Arabian Drilling Company, a leading onshore and offshore gas and oil rig drilling company in Saudi Arabia, has announced long-term contracts worth SAR850 million ($226.5 million) for supply of three additional land rigs to Saudi oil giant Aramco.
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Egypt, Saudi ADES to extend partnership for offshore platforms with $120M

Egypt Today 08 Feb 2024
Egypt has decided to extend its contracts with Saudi Advanced Energy System (ADES) for three offshore platforms ... ADES currently operates ten offshore drilling rigs in Egypt, which is part of its larger ...
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Ocean Aero, INTRA Defense Technologies, and MEMR Forge Strategic Partnership to Propel Maritime Technology Advancements ...

The Joplin Globe 07 Feb 2024
RIYADH, Saudi Arabia--(BUSINESS WIRE)--Feb 7, 2024-- ... Ocean Aero's Triton provides a tangible and dynamic hardware-software solution to many maritime concerns, including those related to defense, offshore oil and gas, and the environment.
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Rising costs triggered Saudi Aramco expansion halt, analysts claim

Upstream Online 06 Feb 2024
Rising costs of megaprojects involving multiple onshore ...
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Rising project costs triggered Saudi Aramco move to halt mega expansion plans, analysts claim

Upstream Online 06 Feb 2024
Rising costs of megaprojects involving multiple onshore and offshore facilities operated by Saudi Aramco are ...
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Saudi Arabia, Kuwait reaffirm Durra gas field ownership

The New Arab 02 Feb 2024
"Iraq has superior rights in the Durra-Arash offshore gas field compared to Kuwait, Saudi Arabia, and Iran," Jamal al-Halbousi, the former head of Iraq's delegation for border and maritime negotiations with Kuwait, argued during an interview.
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