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Thursday, February 5, 2026

Offshore Rigs News

07 Jan 2026

ASRY Offshore Division Looks to 200th Project Milestone

© ASRY

The offshore division of Arab Shipbuilding and Repair Yard (ASRY) in Bahrain is on track to deliver its 200th project milestone in the first quarter of 2026. It will be a landmark achievement for ASRY since its Offshore Division was established in 2011 and reinforces ASRY’s expertise in drilling rig repair, upgrade, conversion, and refit work in the Gulf region.ASRY’s Offshore Division is currently carrying out a number of rig projects for a diverse spread of clients, including major offshore drilling companies Valaris…

01 May 2025

JSA Loadmaster Arabia Ltdl, HMH Sign Cooperation Agreement for Shipyard Solutions in Saudi Arabia

JSA Loadmaster Arabia Ltd and HMH have entered into a strategic Cooperation Agreement to deliver joint solutions to shipyards. Credit: Loadmaster Industries

JSA Loadmaster Arabia Ltd and HMH have entered into a strategic Cooperation Agreement to deliver joint solutions to shipyards, as well as onshore and offshore rig operators, in the Kingdom of Saudi Arabia.Established in 2019, JSA Loadmaster Arabia Ltd was formed by bringing together the product lines and service offerings of two global brands; Loadmaster Industries and Jackup Structures Alliance (JSA), in combination with Saudi joint venture partner, Saudi Drill. HMH is a provider of engineered…

18 Jan 2024

Saudi Arabia Unveils Oil Platform-Inspired Adventure Tourism Rig

THE RIG (Credit: Oil Park Development Company)

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has launched the masterplan for THE RIG – a world-first adventure tourism destination to be built on an offshore platform in the Arabian Gulf.The vision for THE RIG project is to redefine the sea sports and leisure experience while celebrating the legacy of Saudi Arabia's rich oil and gas heritage.The project will be developed by PIF’s subsidiary the Oil Park Development Company (OPDC), under its CEO Raed N.

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