Saudi Arabia has awarded a five-year contract for consultancy services to Atkins as a delivery partner for THE LINE mega-project, which is currently being developed in northwest Saudi Arabia on the Red Sea. Atkins, a member of the SNC-Lavalin Group, will join THE LINE – the 170km-long sustainable mega-city, which will have no roads, cars or carbon […]
Saudi Arabia
Posted inNews
Saudi Arabia’s NEOM hydrogen mega-project cost soars to $8.5 billion
Inflation, spare parts, upfront fees for land and interest on loans have contributed to the $3.5 billion budget increase
Posted inNews
Russia retaliates to Western sanctions; announces oil output cut
The price of Brent crude rose to $86.6 per barrel on the news of the output cut
Posted inEvents
Cummins Arabia hosts Power Train conference in GCC
Cummins Arabia hosts Power Train conference post-Covid-19 for customers and consultants in Saudi Arabia, Kuwait, and the UAE
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Saudi Arabia signs $11.4 billion industrial project contracts in Yanbu and Jubail
Saudi Arabia’s Royal Commission for Jubail and Yanbu has signed five agreements worth more than $11.4 billion for the establishment of key industrial projects in the Saudi cities of Ras Al Khair and Yanbu. The deals were signed on the sidelines of the International Mining Conference held at the King Abdulaziz International Conference Center in […]
Posted inExploration & Production
NESR secures wireline platform contract in Saudi Arabia
Within the expanded scope of the contract, NESR will provide advanced cased-hole and perforation services
Posted inNews
Sheikh vs shale: Saudis won’t let oil stay at $75, shale chief claims
OPEC is likely to cut oil production again, CEO of US shale giant Pioneer Natural Resources said at a recent conference. “Saudi [Arabia] is not going to let Brent stay around $75 a barrel,” Scott Sheffield said, adding that it wouldn’t surprise him “if they had another cut.” Sheffield believes that oil futures will stay in backwardation […]
Posted inDownstream
SABIC executives on striving for a sustainable future in petrochem
SABIC hosted the 2022 edition of the GPCA Forum in Riyadh, Saudi Arabia, under the theme of ‘Chemistry in Action, Shaping a Sustainable Future’, to showcase its efforts to become a global leader in the circular economy
Posted inNews
Upcoming large projects to strengthen Saudi-Oman trade ties
Abdulsalam Al Murshidi, executive president of the largest sovereign wealth fund of the Sultanate of Oman, has confirmed that large projects linking Oman and Saudi Arabia will be announced in the future. He also affirmed that economic ties between Oman and Saudi Arabia have taken great strides towards integration and strengthening the partnership between the […]
Posted inNews
Saudi Arabia eyes $3.3 trillion deals with Japan by 2030
Saudi Minister of Investment Khalid Al-Falih said in a recent statement that Saudi Arabia is targeting $3.3 trillion worth of investments with Japan by 2030, and wants to build more than 500,000 electric cars annually by the end of the decade On the sidelines of the Saudi Japan Investment Forum held in Riyadh, Al-Falih added that the […]
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