Category: drilling ban

Deal for first Saudi-built jack-up drilling rig

Friday, February 14 2025

Fossil Energy – Newbuilding

ARO Drilling, a joint venture between Aramco and Valaris, and International Maritime Industries (IMI) have signed an agreement to build a new jack-up drilling rig, Kingdom 3, which will be the first to be constructed in the Kingdom of Saudi Arabia.

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Biden issues mass offshore drilling ban

Friday, January 10 2025

Fossil Energy – Drilling Ban

US President Joe Biden on Monday, January 6, banned offshore drilling across an immense area of coastal waters, two weeks before Donald Trump takes office pledging to massively increase fossil fuel production.

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