Kuwait Petroleum Corporation
Coverage of Kuwait Petroleum Corporation in the Nexus archive.
- Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
SLB, a $70 billion oil services company founded by the Schlumberger brothers in 1926, is positioned to benefit from oil exploration recovery in the Middle East and Venezuela. The company partners with entities like Saudi Aramco and ADNOC, and its longevity in volatile markets positions it to profit from post-Strait of Hormuz energy sector growth.
- Iran says it is suspending commitments to interim deal with US as they exchange attacks
Iran suspended its commitments under an interim deal with the U.S. as both nations exchanged strikes targeting infrastructure and military sites, including desalination plants and oil facilities. Attacks in Kuwait caused injuries and disrupted water supplies, while U.S. airstrikes damaged infrastructure in Iran’s Hormozgan province and Qeshm Island.
- Desalination plants, a vital source of Mideast drinking water, come under attack as renewed U.S.-Iran war escalates to target infrastructure
The U.S. and Iran exchanged strikes targeting infrastructure and military sites, including desalination plants in Kuwait, amid escalating conflict over the Strait of Hormuz. Attacks disrupted critical water and oil facilities, injuring people and causing fires, while regional air defenses intercepted Iranian missiles. The conflict has driven oil prices up and closed the strait to shipping, intensifying geopolitical tensions.
- Iran says it is suspending commitments to interim deal with US as the two exchange attacks
Iran suspended its commitments under an interim deal with the U.S. as both countries exchanged strikes on infrastructure and military targets. Attacks damaged desalination plants, oil facilities, and critical highways in Kuwait and Iran's Hormozgan province, disrupting water supplies and power. The U.S. Central Command reported strikes on surveillance sites and maritime capabilities, while Iran accused the U.S. of violating the agreement.
- US and Iran trade strikes over Strait of Hormuz. Kuwait suffers infrastructure damage
The United States and Iran exchanged strikes targeting military and infrastructure sites, with significant damage in Kuwait including a water desalination plant and oil facility. The conflict over the Strait of Hormuz, critical for global oil shipments, has disrupted shipping and raised oil prices.
- Kuwait Petroleum Corporation reports damage and injuries from Iranian attacks
Kuwait Petroleum Corporation reported that one of its oil facilities was hit by 'repeated Iranian attacks' on Saturday, resulting in significant material damage and some injuries.
- US and Iran trade strikes over Strait of Hormuz. Kuwait suffers infrastructure damage
The US and Iran exchanged strikes targeting infrastructure and military sites, intensifying conflict over the Strait of Hormuz. Kuwait suffered damage to a water desalination plant and oil facility from Iranian attacks, causing injuries and disrupting power generation.