Saudi Arabia
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Asia
Larsen & Toubro and EMAS Chiyoda Subsea score $1.6bn Saudi Aramco EPCI contract
Following the announcement from Saudi Aramco that it has signed a series of news contracts for the development of its…
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Finance and Insurance
Bahri gets financing fixed for another 15 VLCCs
National Shipping Company of Saudi Arabia (Bahri) has teamed up with Arab Petroleum Investments Corp (APICORP) to launch a $1.5bn…
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Americas
US has more oil reserves than Saudi Arabia
A new independent estimate of world oil reserves has been released by Oslo-headquartered Rystad Energy, showing that the US now…
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Middle East
Giant Saudi yard to start operations in 2018
A giant new shipyard complex in Saudi Arabia will be fully operational by 2021. Amin Nasser, chief executive of Saudi…
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Finance and Insurance
Bahri secures financing for VLCC spree
The National Shipping Company of Saudi Arabia (Bahri) has signed a RYL700m ($186.7m) loan to help pay for 80% of…
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Europe
Rickmers-Linie and Bahri Liner sign space charter agreement
Rickmers-Linie and the National Shipping Company of Saudi Arabia (trading as Bahri Liner) have recently signed a space charter agreement.…
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Asia
POSH and Makamin spat continues
The spat continues between POSH Semco (PSPL) and Makamin Offshore Saudi, which has accused the Singapore-based company of forging or…
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Finance and Insurance
Bahri secures islamic financing for five newbuild VLCCs
National Shipping Company of Saudi Arabia (Bahri) has announced financing, via a Murabaha facility, for five VLCCs the company has…
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Middle East
PACC Offshore subsidiary sues Makamin for hire in Saudi Arabia
Singapore-based POSH Semco has served Makamin Offshore Saudi with court papers in Saudi Arabia in order to recover around SAR…
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Americas
Hercules Offshore jackup rates jacked down by Saudi Aramco
Hercules Offshore has announced that it has received notice from Saudi Aramco reducing the dayrates of jackups Hercules 261 and…
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Middle East
Bahri buys VLCC from Hanjin Shipping
The National Shipping Company of Saudi Arabia (Bahri) has confirmed it has signed a memorandum of agreement (MoA) to buy…
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Europe
Scorpio Tankers sells five MRs to Bahri
NYSE-listed Scorpio Tankers is to sell five MR product tankers to the National Shipping Company of Saudi Arabia (Bahri) for…
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Asia
Vallianz taps the bond market in Saudi Arabia
Singapore-based offshore support vessel owner Vallianz Holdings has entered the bond market in Saudi Arabia by issuing a sukuk of…
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Europe
Magseis scores Saudi Aramco seismic deal
Seismic specialist Magseis and partner BGP has been awarded a new large-scale ocean bottom seismic acquisition in the Red Sea…
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Middle East
Saudi Aramco, Bahri, HHI and Lamprell to develop shipyard complex
Hyundai Heavy Industries (HHI) and Lamprell Energy have joined the joint venture developing a proposed shipbuilding and maintenance complex in…
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Asia
PACC Offshore Services expands into Saudi Arabia
Singapore’s PACC Offshore Services Holdings (POSH) has expanded into the Middle East by establishing POSH Saudi Company, a joint venture with…
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Middle East
Bahri picks up VLCC pair from Tanker Investments for $155m
National Shipping Company of Saudi Arabia (Bahri) has announced that its board has approved the acquisition of two 2010-built VLCCs…
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Middle East
Bakri hunts older tonnage
Brokers link the Arab outfit Bakri Navigation to the purchase of the 113,300 dwt . The company is paying $15.5m…
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Middle East
Saudi Aramco eyes JV yard with Hyundai Heavy
Having just put one planned yard with Singapore’s Sembcorp Marine on the backburner, Saudi Aramco is eyeing up Hyundai Heavy…
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Middle East
Saudi yard plans on hold
Plans to form a big shipyard on Saudi soil look set to be put on the backburner. The National Shipping…
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