Baker Hughes reported revenue of $6.74 billion for the second quarter (Q2) of 2026, down 2% year-on-year (YoY) from $6.91 billion despite a 2% sequential increase. The energy technology company also posted net income of ...
British Petroleum (bp) is having late-stage talks to sell its Lightsource solar energy unit to a consortium backed by Kuwait’s sovereign wealth fund, as bp is focusing on oil and gas to boost returns, Reuters reported,...
Iranian attacks damaged two Kuwaiti power and water desalination plants over the weekend, placing huge strain on the emirate’s already fragile power sector. The attacks came as Kuwait grappled with temperatures in exce...
A consortium led by Blackstone, Brookfield and KKR will acquire a 49% stake in Kuwait Oil Company’s 320km pipeline network – making it the country’s largest-ever energy infrastructure partnership and foreign direct...
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Deng Zhaojing, General Manager of China National Chemical Engineering Group (CNCEC), and the accompanying delegation to discuss accelerating several loc...
Strong funding, capital and policy support help regional lenders withstand geopolitical and economic shocks Source link
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Fahad Almuhaisin, Chief Financial Officer (CFO) of Rabigh Refining and Petrochemical Company (Petro Rabigh), a subsidiary of Aramco, told Asharq, Bloomberg’s Arabic news platform, in a TV interview that the company exp...
The region enters the second half of 2026 with four economies moving at different speeds Subscribe to read the full article Become a MEED subscriber for unlimited access to: Exclusive news, comment and a...
Recent bid submission by contractors for the fifth expansion phase of the $100bn Saudi unconventional gas development programme closely follows the start of EPC works on the fourth phase Subscribe to read the full ...
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