McDermott Arabia Company Limited (MACL) has awarded Saudi Arabia-headquartered Arabian Pipes Company a contract worth nearly $122 million (SR 450 million) to supply steel pipes. Under the 12-month agreement, the Saudi listed firm will supply MACL with steel pipes, according to a recent bourse disclosure. Arabian Pipes mentioned that the deal will reflect on its […]
Saudi Arabia
L&T secures major substation orders from Saudi Arabia and UAE
The contract will help strengthen Saudi Arabia’s evacuation infrastructure and boost the reliability of the grid in the Western region of the kingdom
Saudi Arabia to host World Petroleum Congress in 2026
The World Petroleum Congress is a prominent global event that brings together countries and international organisations every three years
Saudi National Day: How high energy prices led Saudi Arabia to become the world’s fastest growing economy
On the occasion of Saudi Arabia’s 92nd National Day, we take a look at how the Kingdom is reaping the rewards of high global energy prices with a strong focus on increased energy production
Arabian Drilling to sell 30% stake in IPO
The Saudi oilfield-services firm will sell 26.7 million shares on the Main Market of the Saudi Exchange
OPEC+ agrees small production cut to balance oil markets
OPEC and its allies led by Russia on Monday agreed to a small oil production cut to strengthen oil prices that have slid on fears of an economic slowdown. The world’s most powerful oil producers have decided to slash output by 100,000 b/d amounting to only 0.1% of global demand, for October. They also agreed […]
Oil market volatility could force OPEC production cuts, Saudi Energy Minister says
The paper oil market has fallen into a “self-perpetuating vicious circle” of extreme volatility, Saudi Energy Minister Prince Abdulaziz bin Salman said
Analysis: At the heart of Saudi Arabia’s oil and gas sector
An overview of achievements, challenges – and the future outlook for the energy industry in KSA
OPEC+ pledges to increase September output by 100,000 barrels per day
For July and August, OPEC and its allies had pledged to add more than 600,000 barrels a day to the market
APICORP posts H1 2022 financial results; achieves $52mn net income
APICORP’s net income from operations grew significantly to $97.9mn in H1 2022 from $40.7mn in H1 2021