Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

Saudi Arabia’s sovereign wealth fund, ADES Investments Holding and Zamil Group Investment plan to sell shares in oil and gas driller Ades International Holding in a local initial public offering (IPO), set to be one of the kingdom’s biggest this year. The offering will consist of 338.7 million shares, or a 30 per cent stake […]

JOSLOC renews partnership with Al Wallan Trading

Aljomaih and Shell Lubricating Oil Company (JOSLOC) has renewed its strategic partnership with Al Wallan Trading in order to provide their service centers with Shell oil. According to the statement, “Through this successful partnership, Shell will supply Al Wallan’s service centers with Shell’s technically advanced lubricants; which make Shell oils the approved oils in their […]

Saudi Aramco awards oil field drilling contracts to US-based SLB

Saudi Arabia’s energy giant, Aramco has awarded a contract to the US-based global oilfield services company SLB, to provide directional drilling services for some of the world’s largest oil and gas fields in the kingdom. On both land and offshore, SLB will deliver directional drilling and digital drilling solutions and logging-while-drilling services, said the company […]

JOSLOC inks distribution deal with Leha for Agriculture and Transportation

Aljomaih and Shell Lubricating Oil Company (JOSLOC) has entered into a partnership with Leha for Agriculture and Transportation Company in order to provide oils for Leha’s agricultural equipment and their transportation services. Leha Transport and Agriculture Company is one of the largest Saudi companies in the agricultural and transportation sector. It began its journey of […]

Saudi Aramco completes purchase of Rongsheng Petrochemical stake

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully closed a landmark transaction to acquire a 10 percent interest in Rongsheng Petrochemical for $3.4 billion, through its subsidiary Aramco Overseas Company BV, based in the Netherlands. The acquisition follows the signing of definitive strategic agreements by both parties announced earlier […]

OQ Technology strikes new MoU with Saudi Aramco to strengthen ties

OQ Technology, the world’s first satellite 5G IoT operator, has signed a memorandum of understanding (MoU) with Saudi Aramco in order to further strengthen their existing collaboration and expand Satellite IoT services and solutions for connecting Aramco’s Intelligent Integrated Node (IIN) technology. The new MoU will create investment opportunities by converging automation and connectivity technologies, […]

Saudi and Kuwait claim gas field eyed by Iran

Saudi Arabia has said it enjoys “full rights” along with Kuwait to a disputed gas field in the resource-rich Gulf, pushing back against claims by Iran, state media reported late Tuesday. The field, known as Arash in Iran and Dorra in Kuwait and Saudi Arabia, falls under “joint ownership between the Kingdom of Saudi Arabia […]

China’s SUPCON bags automation contracts in Saudi and Kuwait

Shanghai-listed process automation company SUPCON announced on Tuesday that it has bagged three automation contracts in the Gulf region. The company said in a press statement that it has been awarded a Workforce & Assets Tracking Solution Project by International Maritime Industries (IMI), the largest full-service shipyard in the MENA region powered by Aramco, Bahri, […]

Gas Arabian Services receives order from Ma’aden for Aramco’s station

  Gas Arabian Services Company has received a purchase order from Saudi Arabian Mining Company (Ma’aden) to upgrade the gas metering station of Saudi Arabian Oil Company (Aramco). The contract value stands at SAR 38.65 million, excluding the value-added tax (VAT), according to a bourse disclosure. Gas Arabian Services noted that the engineering, procurement, and […]

Arabian Pipes wins supply order for China Geo-Engineering Saudi branch

  Arabian Pipes Company was awarded a new deal at total value of nearly SAR 43 million, under which the listed firm will provide China Geo-Engineering Corporation (Saudi) branch with steel pipes. The supply order holds a seven-month duration period, while its contract was signed on 25 June 2023. Arabian Pipes noted that the financial […]