Saudi Arabia
News
March 09, 2026
Saudi Arabia has begun cutting oil production as the Strait of Hormuz disruption stalls exports, forcing the kingdom to divert shipments to Red Sea terminals while storage capacity tightens across Gulf producers.
News
March 09, 2026
Oil prices surged above $100 a barrel as Saudi Arabia and other Gulf producers cut output amid the near-closure of the Strait of Hormuz, with tanker traffic halted and storage tanks filling across the Persian Gulf.
News
March 08, 2026
Saudi Aramco shares rose sharply as oil prices surged above $90 amid the Iran conflict and disruptions to shipping through the Strait of Hormuz, tightening global crude supply.
News
March 02, 2026
Saudi Aramco halted operations at its 550,000-bpd Ras Tanura refinery after a drone strike, though crude exports from nearby terminals remain operational.
News
February 26, 2026
Aramco has started unconventional gas production at the Jafurah shale field and launched the Tanajib Gas Plant, advancing its plan to expand Saudi gas production capacity by approximately 80% by 2030.
News
February 02, 2026
Siemens has opened its first Digital Industries Software office in Saudi Arabia, expanding local support for energy, industrial manufacturing, mobility and infrastructure projects as the Kingdom advances its Vision 2030 digital transformation strategy.
News
January 30, 2026
Saudi Arabia recorded its fastest economic growth since 2022 in 2025, driven by higher crude output under OPEC+ supply increases and stronger oil-sector activity.
News
January 22, 2026
Saudi officials are signaling a shift toward tighter spending discipline as lower oil prices pressure government revenue, recalibrating priorities under Vision 2030 while maintaining momentum in the non-oil economy.
News
December 30, 2025
Saipem has secured $600 million in offshore work from Aramco, including pipeline installation and subsea intervention at multiple Saudi fields—further expanding its in-country fabrication footprint and LTA-backed project portfolio.
News
December 04, 2025
Saudi Aramco has slashed its Arab Light crude price to the lowest level since 2021, signaling mounting global oversupply and softer demand as OPEC+ prepares for a slower start to 2026.
News
December 03, 2025
Aramco has started gas production from the first phase of its Jafurah shale project, delivering 450 MMcfd as the company targets 2 Bcfd and major unconventional growth.
News
November 04, 2025
DeepOcean and Jana Marine have signed a Heads of Terms agreement to form JADE Subsea Services, a Saudi-based joint venture offering integrated subsea construction, IMR, and diving support across the Middle East.
News
October 24, 2025
Baker Hughes has won a multi-year contract from Aramco to expand coiled tubing drilling operations across Saudi Arabia’s gas fields, increasing its fleet from four to ten units. The project will enhance gas recovery and support the Kingdom’s drive to accelerate natural gas production.
News
October 21, 2025
The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands.
News
October 03, 2025
OPEC+ has agreed to raise oil production by 137,000 barrels per day in November, signaling a cautious approach as Saudi Arabia and Russia reached consensus after differing on supply strategy.
News
September 15, 2025
Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia for the engineering, procurement, construction, and installation of 106 km of pipelines, topsides modifications and hook-up work. Offshore operations are planned for 2027–2028.
News
September 08, 2025
Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month as well as on most barrels to other regions after OPEC+ said it will continue to increase output, defying widespread expectations of a looming oversupply.
News
September 05, 2025
OPEC+ has agreed in principle to increase production again next month, according to delegates, as the group doubles down on its policy shift to pursue market share instead of defending prices.
News
September 05, 2025
OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.
News
August 11, 2025
Expro has successfully delivered the world’s first fully remote five-plug cementing operation in Saudi Arabia. The five-plug stage-cementing operation was executed for a 9-5/8” casing run in a high-pressure gas well—the longest of its kind in the field.
News
July 30, 2025
GTSC, part of 3t, the leading global provider of workforce training and competency for safety-critical industries, has announced the appointment of Askar Salem Alyami as Vice President of its Saudi Arabian training center operations.
