Saudi Arabia-flagged VLCC Amzan was struck west of Yanbu on 24 August as Houthi attacks continued in the northern Red Sea, affecting crude export movements.
UKMTO reported that a tanker was hit by a projectile 63 nautical miles west of Yanbu, Saudi Arabia. A fire developed on the main deck, while everyone aboard was confirmed safe.
Arabian Drilling has signed an Oman offshore contract with Masirah Oil and Northern Offshore for two firm wells and two optional wells, with work due to start before the end of Q3 2026.
deugro completed the transport of nearly 110 km of 132 kV CTS submarine cables from China to Saudi Arabia for the Farasan–Madayah Submarine Cable Project.
POSH has secured a lump sum subsea diving and installation contract from Subsea 7 Arabia, with POSH Deep scheduled for offshore execution in the Arabian Gulf in Q3 2026.
London marine insurers have widened the Red Sea high-risk zone after Houthi attacks on Saudi-linked vessels, with war risk premiums rising for ships serving Saudi ports and regional routes.
Arabian Drilling has received notice to resume three offshore rigs suspended earlier in 2026, with full offshore fleet utilisation expected by year-end.
Bahri Logistics has ordered two offshore service vessels from Grandweld Shipyard for operations at Ras Tanura Port. Delivery is expected in August 2026.
ADES has agreed to acquire Saipem’s Saudi Arabia-focused jackup fleet for $285 million, adding five Perro Negro units to its offshore drilling portfolio.
