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Cabinet ties land-transfer registration to settling White Land fees
PLUS: Aramco offers more crude for loading outside the Strait of Hormuz
Ades buys Saipem’s Saudi rigs
The USD 285 mn deal adds five jackup rigs and USD 1 bn in backlog to Ades’ portfolio
Saudi’s safety valve for oil exports takes a hit
Disruption of the East-West pipeline stifles the Kingdom’s only oil export workaround and reduces throughput by 700k bbl/d
Oil production ramp-up could trim Saudi’s deficit in 2026, says ADCB
Higher oil prices and a post-conflict production ramp-up may trim the Kingdom’s budget gap more than previously expected
Could Hormuz closure disrupt global crop yields?
While Gulf growers have several weeks of buffer stock, prolonged blockages will inevitably filter into higher food prices
Aramco officially kicks off gas production at Jafurah, processing at Tanajib
The Middle East’s largest unconventional gas field has begun production, launching a USD 15 bn project to offset domestic crude…
Ades wraps up Shelf Drilling acquisition
Ades plans to refinance Shelf’s debt this year, targeting over USD 30 mn in annual interest savings
Jabal Omar inks 15-year deals with Accor, Rotana to manage 1.8k hotel keys in Makkah
ALSO- The UAE’s Ades Holding reactivates suspended Saudi rigs, secures new offshore work
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