The company stated, “The long-term outlook for global energy demand remains positive with rising demand for all types of energy including oil ...

At this point, a boost to drilling and a surge in oil supply could ... the cartel of foreign oil producers led by Saudi Arabia. The president appears to realize this, calling on OPEC to help ...

Riyadh, Kingdom of Saudi Arabia – Arabian Company for Agricultural and Industrial Investment (the “Company” or “Entaj”), one of the leading poultry brands in the Kingdom of Saudi Arabia (the “Kingdom” ...

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The new contract marks the final redeployment of the company’s rigs suspended in Saudi Arabia. The Admarine 501 drilling unit will be jointly operated by ADES and an in-country partner under a charter ...

Saudi Arabia has announced a new joint venture (JV) between Aramco, the world’s largest oil company, and state-owned ... it said that ongoing analysis and drilling efforts would refine its ...

Independence Contract Drilling filed for Chapter 11 bankruptcy protection on Dec. 2, 2024, with a prepackaged plan in place to reorganize. Houston-based Independence Contract Drilling Inc. emerged ...

Investors have now pumped 1.3 million Swiss francs (around 1.38 million euros) into the young company. The “strongest ... drilled close together. With its drilling head, the robot digs through ...

The facility will refinance the acquisition loan for Faden Media Co., in line with Al Arabia’s strategy to cut financing costs and boost profitability. The loan has an eight-year tenor and is secured ...

Saudi Arabian mining giant Maaden has raised $1.25bn from its inaugural Islamic bond (sukuk) sale, marking a milestone in its ...