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Ades buys Saipem’s Saudi rigs
The USD 285 mn deal adds five jackup rigs and USD 1 bn in backlog to Ades’ portfolio
Hormuz may be reopening — but the actual recovery of flows will take much longer
Around 500 ships are waiting to exit the Gulf through the Strait of Hormuz
Saudi Arabia expands crude storage in South Korea
Good morning, all. We lead today’s issue with May’s inflation reading, which rose 1.8% y-o-y on the back of higher…
Kepco to build USD 560 mn Jafurah phase 2 cogeneration plant
The new 331 MW combined-cycle plant will deliver electricity and industrial steam to support gas field operations
China’s ZOE Energy to launch Saudi battery hub, SGS bags Saudi for five years, Sarco eyes industrial waste acquisition
A new Chinese-Saudi joint venture will bring an 18 GWh battery storage assembly plant to the Kingdom
Saudi crude exports fall to record lows in March
Plus: Esports hosting honors shift from Riyadh to Paris
Is Aramco on a USD 35 bn privatization push?
Aramco’s new wave of divestments could span gas plants, export terminals, and its headquarters campus
THIS MORNING: Ziorak moves towards parallel market debut
Aramco holds LPG prices steady for May amid tighter global market
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