02/04/2015 04:00 AST

Saudi Arabia's Industrialization & Energy Services Co (Taqa) has signed an agreement with a subsidiary of Norway's Archer to set up an oil and gas joint venture in Saudi Arabia, Taqa said on Wednesday.

Archer is the oil services arm of Norwegian shipping tycoon John Fredriksen. Taqa is half-owned by the Saudi government.

The new firm is expected to start operations at the end of this year, Taqa said in a statement.

It will provide wireline and mechanical intervention services for oil and gas wells.

No financial terms were disclosed in the statement.


Reuters

TAQA Arabia, Egypt's Ministry of Petroleum sign natural gas deal

14/11/2013

As part of it's ongoing effort to grow the energy sector in Egypt and meet increasing domestic demand, Citadel Capital's energy platform, TAQA Arabia has singed a contract with the Egyptian Natural G

CPI Financial

APICORP buys stake in Saudi Arabia's TAQA

09/10/2013

The Arab Petroleum Investments Corporation (APICORP) has acquired a 5.62 per cent equity stake in Saudi-based The Industrialization and Energy Services Company (TAQA) from Arabian Pipes Company (APC)

CPI Financial

Taqa to invest in Qatar gas, Iraq oil sector

10/07/2010

Saudi industrialization and energy services company Taqa is considering investing $1.6 billion in pipelines and $133 million in offshore platforms in Qatar and Iraq.

Officials from Taqa was

Saudi Gazette

Ticker Price Volume
Ticker Price Change
ALMUTAHED 0.00 0.00 (0.00%)
ALMAL 0.00 0.00 (0.00%)
ALAMAN 0.00 0.00 (0.00%)
MASSALEH 0.00 0.00 (0.00%)
INVESTORS 0.00 0.00 (0.00%)
Boubyan Bank releases 2024 Annual Sustainability Report

05/08/2025

Boubyan Bank has released its 2024 Annual Sustainability Report, reflecting the bank's commitment to advancing environmental, social, and corporate governance (ESG) practices, and embedding sustainab

Kuwait Times

Burgan Bank launches 'Free Airport Ride' campaign for elite customers

05/08/2025

As part of its ongoing efforts to enrich its banking experience, Burgan Bank has launched its latest summer campaign: a complimentary chauffeured airport ride for all Elite Visa Signature debit card

Kuwait Times

NIC recorded KD 14 million in profits, 17.3 fils EPS, marking a 139% growth in profitability

05/08/2025

National Investments Company (NIC) announced its financial results for the first half of 2025, recording a net profit of KD 14 million and earnings per share of 17.3 fils. This reflects a significant

Kuwait Times

Qatari investors group's profits rise by 1.48%

05/08/2025

Qatari Investors Group (a Qatari public shareholding company) reported a 1.48 percent increase in net profits during the first half of this year, reaching QR 71.721 million, compared to QR 70.673 mil

The Peninsula

Kamco Invest boosts investment management ops with Bloomberg solutions

05/08/2025

Bloomberg has announced that Kamco Invest, a leading regional asset manager with around $17 billion in assets under management, has adopted its AIM and PORT Enterprise solutions to help optimise its

Trade Arabia