The signing ceremony took place at the iktva Forum & Exhibition held in Dhahran Expo from 13-16 January 2025 ...

Public sector giant plans to invest between $3 billion and $4 billion during ongoing financial year, mostly on offshore ...

IMI and ARO Drilling commence construction of first Saudi-built jack-up rig. Find the latest news from the maritime industry on the PortNews website.

Aro Drilling’s newbuild jack-up drilling rig programme is continuing in Saudi Arabia with a drilling equipment package recently awarded to National Oilwell Varco (NOV). This will be the third newbuild ...

Offshore drilling contractor Seadrill has completed the sale of its jack-up rig West Prospero for $45m. Built in 2007, the West Prospero is an independent-leg cantilever jack-up rig with an ...

said that reason for them buying a rig is because the rig demand has been going up for exploration and production along with the oil prices. Advisory Alert: It has come to our attention that ...

Reports all-time high EBITDA of $2.01bn, up 36% and $1.304bn in net profit, up 26%; Issues guidance to touch $5bn revenue in 2026 ...