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.
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.
COOEC completed fabrication of the Saudi Aramco CRPO149 jacket at Qingdao yard, marking a milestone for its first full EPCI lump-sum offshore project with Saudi Aramco.
Upstream reports that COOEC has engineered, built and launched an offshore jacket for Saudi Aramco’s Abu Safah field, underlining the rising role of Chinese EPC contractors in Middle East offshore projects.
IMI and ARO Drilling have signed a deal to build the offshore jack-up rig Kingdom 4 at Ras Al-Khair, part of Saudi Arabia’s Vision 2030 initiatives.
Morimatsu has delivered 8,000 tons of heavy columns, including a 120-meter propane–propylene fractionator, from China to Saudi Aramco’s Amiral Project in Jubail. The milestone marks the first acceptance of large-scale Chinese-manufactured towers by Aramco.
Subsea7 has secured a major offshore contract from Saudi Aramco, involving pipelines and topside upgrades off Saudi Arabia, with offshore work scheduled for 2027–2028.
