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

Terra Drone, the world’s No.1 Drone Service Provider in 2024, has signed an MoU with Aramco to advance drone ..Read More

Terra Drone, the world’s No.1 Drone Service Provider in 2024, has signed an MoU with Aramco to advance drone, robotics, and AI-driven solutions in the oil and gas sector, focusing on safety, efficiency, and localization. The partnership supports R&D, tech piloting, training, and aligns with Saudi Arabia’s economic goals. Following Wa’ed Ventures' investment, Terra Drone established Terra Drone Arabia to localize services, build R&D facilities, and create skilled jobs. The MoU strengthens both firms’ commitment to innovation and Saudi Arabia’s Vision 2030.
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• Oil & Gas

Saudi Railway Company has announced a public tender for Lead Design Consultancy Services for the Saudi Landbri ..Read More

Saudi Railway Company has announced a public tender for Lead Design Consultancy Services for the Saudi Landbridge Railway Network. The consultancy will cover the Concept Design Stage, with an option for the Preliminary and IFC Design Stages. The 2,000km network will connect the Red Sea to the Gulf, linking the logistical zones of Dammam and Jeddah, enhancing trade between Asia, Europe, and the Americas. The bid submission deadline is May 15, 2025.
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• Transport

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured major new orders in India an ..Read More

Larsen & Toubro’s Power Transmission & Distribution (PT&D) vertical has secured major new orders in India and overseas. In Saudi Arabia, it will build two 380kV overhead lines spanning over 130 km to support townships near Riyadh. Additional turnkey orders include 132/11kV and 132kV GIS substations in the UAE and Qatar, respectively, and a 765kV GIS and associated transmission line in western India. Ongoing projects in India and Oman also received add-on orders, reflecting strong investment momentum in grid infrastructure.
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• Power

Mitsubishi Power, in collaboration with Doosan Enerbility, has secured orders to supply six M501JAC gas turbin ..Read More

Mitsubishi Power, in collaboration with Doosan Enerbility, has secured orders to supply six M501JAC gas turbines for the 3.6 GW Rumah-1 and Al-Nairyah-1 IPP projects in Saudi Arabia, developed by SEC, ACWA Power, and KEPCO. The plants, supporting Saudi Vision 2030, will enhance grid stability and integrate renewables, contributing to the Kingdom’s goal of 50% power from natural gas and renewables by 2030. Mitsubishi Power will assemble the turbines in its Dammam facility, strengthening local workforce development and aligning with the Saudi Green Initiative’s decarbonization goals.
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• Power