Reed Smith is the latest law firm to secure a Saudi licence, joining a growing list of U.K. and U.S. firms already competing for private sector mandates and lucrative Vision 2030 contracts.

Arabian Contracting Services Company has announced the signing of a long-term credit facility agreement (sharia compliance) with the Saudi Awwal Bank (SAB) amounting to SAR972 million ($259 million).

The new FPSO will have around 30 % lower operational emissions compared with Brent Charlie and is expected to extend the life ...