Allrig strengthens its presence in Saudi Arabia with strategic expansion in Al Khobar

The Allrig group is expanding its operations in Saudi Arabia, supported by AstroLabs, to boost energy efficiency and address the growing needs of the local oil sector.

Share:

US-based asset manager Allrig, specialised in services for the energy industry, has announced a significant expansion of its activities in Saudi Arabia. The company has formalised the extension of its Al Khobar office, supported logistically by AstroLabs, a platform facilitating business establishment in the Gulf region.

Regional deployment and consolidation of expertise

Present in the Kingdom for nine years through partnerships validated by Saudi Arabian Oil Company (Aramco), Allrig is further consolidating its position in the local market. In 2024, the company provided compliance and maintenance services on over 50 rigs, reflecting its operational scope. Allrig relies on an international network spanning Asia-Pacific, India, the Middle East and Africa, Europe, Brazil, and Mexico, where it delivers specialised services such as jacking system overhauls, derrick remedial works, and drilling equipment recertifications.

The company holds Aramco accreditations for Eddy Current Non-Destructive Testing (CNDT) and Below-the-Hook inspections, which enhance its technical capabilities and reputation among Saudi operators.

Institutional support and alignment with national ambitions

Robert McInnes, Chief Executive Officer of Allrig, highlighted that the company leverages its experience gained since 2016 in the Kingdom to increase its operational capacity and strengthen its local partnerships. He stated that Allrig’s expanded presence in Saudi Arabia aligns with the region’s growth momentum and aims to support Vision 2030 objectives, notably optimising energy asset management.

Alex Nicholls, Director of Expansion at AstroLabs, noted that the move demonstrates Allrig’s commitment to playing an active role in value creation within Saudi Arabia’s energy sector. The partnership with AstroLabs allows Allrig to further anchor its activities at the core of the country’s industrial fabric, relying on proven expertise and a dedicated local team.

Development outlook and sector challenges

Allrig plans to continue expanding its technical and human capacities in Saudi Arabia, amid increasing demand for maintenance and compliance solutions. The company’s activities focus on enhancing equipment reliability and maximising the operational availability of energy facilities.

Its localisation strategy is based on strengthening local skills and adapting services to international industry standards. The company aims to support the Kingdom’s growing presence on the global energy scene. According to company leaders, this new step confirms Allrig’s intention to consolidate its market share in the Middle East and accompany the sector’s transformation.

Eni announces a sharp decline in quarterly net profit, the result of lower oil prices and a weaker dollar, while maintaining a strengthened dividend policy and a development trajectory in renewables.
EDF is reassessing its industrial priorities and streamlining investments, as net profit falls to €5.47bn ($5.94bn) in the first half of 2025 due to a weakening electricity market.
Energy group Edison posts increased sales and investments despite a less favourable market environment, advancing its renewables development and strengthening its positions in Italy.
SEGULA Technologies opens an office in Cape Town, strengthening its presence in the African market and targeting expansion in energy, rail, and automotive sectors, in partnership with South African industrial firm AllWeld.
GE Vernova's revenue rose by 11% in the second quarter, driven by momentum in its Power activities, as the US group raised its financial targets for 2025.
Saipem and Subsea7 formalise their merger agreement, resulting in the creation of Saipem7, an international energy services player with consolidated revenue of €21bn and an order backlog of €43bn.
TotalEnergies reports a significant decrease in net profit and revenue for the second quarter, while relying on growth in its hydrocarbon and electricity production to sustain profitability and global ambitions.
Exus Renewables North America finalizes $308.2 million financing for two major solar portfolios in New Mexico and wind projects in Pennsylvania, showcasing the expansion of large-scale renewable assets across multiple U.S. markets.
Baker Hughes posted attributable net income of $701 mn in the second quarter, while executing several strategic transactions and strengthening its position in industrial technologies and oilfield services markets.
Equinor announces a 13% decline in adjusted profit for Q2 2025, driven by falling oil prices, despite rising gas prices and production.
Iberdrola launches a EUR5 billion (USD5.87 billion) capital increase to fund the expansion and modernization of its power grids in the UK and the US, while announcing a decline in its half-year profit.
Halliburton reports a 50% drop in net income and nearly a 6% reduction in revenue for Q2, with demand in North America remaining particularly weak.
The growth of data centres and artificial intelligence is putting unprecedented pressure on global electricity grids, prompting major tech companies to rethink their energy supply to address capacity and competitiveness challenges.
BP announces the appointment of Albert Manifold as chairman, succeeding Helge Lund. Manifold, former CEO of CRH, will join the board on September 1, before officially taking over the role on October 1.
Romanian company Electrica raised €500 million through the country's first green bond issuance, with participation from the European Investment Bank (EIB), to finance its renewable energy and storage projects.
Kem One and EDF signed a protocol agreement for a 10-year electricity supply contract, covering seven French industrial sites. The contract is expected to be finalised by the end of September 2025.
The Canadian energy solutions provider has received approval from the Toronto Stock Exchange to repurchase up to 10% of its float by July 2026.
The Marseille Commercial Court has validated Bourbon Group’s accelerated safeguard plans, paving the way for a debt reduction and shareholder transition by the end of 2025.
Legrand now expects annual revenue growth of 10 to 12%, driven by data centre momentum, with an immediate impact on its share price in Paris.
Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.