Lamprell has successfully extended its Offshore Long-Term Agreement (LTA) with Aramco, continuing a strategic ..Read More

Lamprell has successfully extended its Offshore Long-Term Agreement (LTA) with Aramco, continuing a strategic partnership that began in 2018. The renewal highlights Lamprell’s delivery of multiple LTA projects from its UAE facility and its commitment to Saudi Arabia’s Vision 2030 and IKTVA initiatives. With a growing presence in Saudi Arabia and involvement in the International Maritime Industries joint venture, Lamprell reinforces its role in supporting the Kingdom’s energy and maritime sectors.
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• Oil & Gas

Saudi Electricity Company (SEC) has received bids for the construction of the MAWQAQ PV 380kV Bulk Supply Poin ..Read More

Saudi Electricity Company (SEC) has received bids for the construction of the MAWQAQ PV 380kV Bulk Supply Point (BSP) and its associated Overhead Transmission Line (OHTL) in central Saudi Arabia, part of the country’s broader renewable energy expansion. Trading & Development Partnership submitted the lowest bid of SAR 591.9 million for the substation, while Alfanar Projects bid SAR 159.3 million for the OHTL. Project awards are pending successful bid evaluations. This initiative aligns with SPPC's sixth round of renewable energy projects under the National Renewable Energy Program, totaling 4,500 MW.
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• Power

accesso Technology Group has been selected as the guest experience technology provider for Saudi Arabia’s Qi ..Read More

accesso Technology Group has been selected as the guest experience technology provider for Saudi Arabia’s Qiddiya giga-project. The company will implement its accesso Horizon ticketing and visitor management solution across Qiddiya's attractions, including Six Flags Qiddiya and Aquarabia, ensuring a seamless, world-class guest experience. This partnership aligns with Saudi Vision 2030, contributing to the diversification of the country’s entertainment and cultural sectors. The platform will also support future scalability and integration with other technology partners.
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• Qiddiya
• Tourism

JinkoSolar will supply 1.75GW of N-type TOPCon modules for two major Saudi PV projects—AHK2 (500MW) in Medin ..Read More

JinkoSolar will supply 1.75GW of N-type TOPCon modules for two major Saudi PV projects—AHK2 (500MW) in Medina Province and MAS (1250MW) in Ha’il Province—developed under the Fifth Round Renewable Energy Program by EDF Renewables and SPIC Huanghe. Contracted by PowerChina Guizhou, these projects follow Jinko’s 1.8GW Al Ajban collaboration and showcase high-efficiency Tiger Neo bifacial modules, boosting energy yield by ~3.38% and supporting desert restoration. The projects align with Saudi Arabia’s Vision 2030 and reinforce JinkoSolar’s position in the Middle East solar market.
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• Power

Saudi Electricity Company (SEC) has received bids for the construction of Afif PV-1 and PV-2 380kV substations ..Read More

Saudi Electricity Company (SEC) has received bids for the construction of Afif PV-1 and PV-2 380kV substations and associated OHTL projects in central Saudi Arabia, part of the Kingdom’s expanding renewable energy infrastructure. Al Gihaz submitted the lowest bid (SAR 959.99M) for Afif-1, and Al Babtain (SAR 1.175B) for Afif-2. Al Sharif Group & KEC bid for two OHTL packages (~SAR 560M each), while Saudi Services for Electro Mechanic bid SAR 140M for the Afif PV-1 connection. These awards follow SPPC’s ongoing 4,500MW sixth-round RFP under NREP.
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• Power

ADES Holding Company has secured contract renewals and extensions worth USD 470 million for offshore jackup ri ..Read More

ADES Holding Company has secured contract renewals and extensions worth USD 470 million for offshore jackup rigs in Saudi Arabia and Egypt. In Saudi Arabia, a suspended rig has been renewed for a 10-year term, enhancing long-term revenue visibility. In Egypt, three rigs—Admarine III, V, and VI—operating with General Petroleum Company have received extensions: Admarine V for 3 years (plus 1-year optional), and Admarine III and VI for 1 year each with optional 1-year extensions starting in 2025–2026.
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• Oil & Gas

Aramco, Sinopec, and Yasref have signed a Venture Framework Agreement to develop a major petrochemical expansi ..Read More

Aramco, Sinopec, and Yasref have signed a Venture Framework Agreement to develop a major petrochemical expansion at Yasref in Yanbu, marking its 10th anniversary. The project includes a 1.8 million tons/year mixed feed steam cracker and a 1.5 million tons/year aromatics complex, integrated with the existing refinery. This aligns with Aramco’s strategy to convert up to 4 million barrels/day of crude into petrochemicals by 2030 and deepens its long-term partnership with Sinopec.
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• Oil & Gas

Saudi Arabia's Ministry of Energy announced the discovery of 14 new oil and gas fields and reservoirs by Aramc ..Read More

Saudi Arabia's Ministry of Energy announced the discovery of 14 new oil and gas fields and reservoirs by Aramco across the Eastern Province and the Empty Quarter. These include 6 oil fields, 2 oil reservoirs, 2 gas fields, and 4 gas reservoirs. Key finds include the Ayfan oil field (2,840 bpd), Ghizlan gas field (32 MMscf/day with 2,525 barrels of condensate), and multiple new reservoirs in the Marzouq field. These discoveries bolster the Kingdom’s hydrocarbon reserves, aligning with Vision 2030 and enhancing long-term energy security and economic growth.
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• Oil & Gas