7/1/2026 8:24:43 AM (Volume: 43 / Issue: 7)
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Tag: Kuwait

Energy, Oil & Gas

Kuwait renewable energy firm plans equity raise to expand across Mena

Alternative Energy Projects Company (AEP), a Kuwait-based renewable energy developer, has announced plans to raise capital to fund the expansion of its solar energy business across Kuwait and Mena region. It has appointed Kamco Invest, in collaboration with Burgan Bank, to lead the transaction....

Energy, Oil & Gas

MECC emerges lowest bidder for $427m Kuwait infrastructure projects

Kuwait-based Mechanical Engineering and Contracting Company (MECC) has emerged as the lowest bidder for three major power infrastructure projects being developed by Kuwait Oil Company (KOC) at a total investment of KD132.28 million ($427 million). ...

Energy, Oil & Gas

Wabag JV wins $372m Kuwait desalination plant contract

VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company (Heisco), has secured a contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait. ...

Energy, Oil & Gas

Kuwait to increase oil production to 2 million bpd

Kuwait Petroleum Corporation (KPC) plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO Sheikh Nawaf Saud Al-Sabah....

Energy, Oil & Gas

Oil falls to lowest levels since March, Kuwait crude oil down 6.1pc

Global oil prices declined during Friday's trading session, reaching their lowest levels since early March. Kuwait's crude oil too fell by 6.1% to $94.84 per barrel on Friday, down from $101.04 per barrel the previous day, according to data from Kuwait Petroleum Corporation (KPC). ...

Energy, Oil & Gas

Kuwait moves ahead with KIPIC-KNPC merger

Kuwait has approved the merger of Kuwait Integrated Petroleum Industries Company (KIPIC) into Kuwait National Petroleum Company (KNPC), according to a decision by the Supreme Petroleum Council....

Energy, Oil & Gas

Action Energy Q1 revenue climbs 69.2pc on rig fleet expansion

Action Energy Company, a Kuwait-based upstream services provider, reported strong first-quarter 2026 growth, with revenue rising 69.2 per cent year-on-year as the Kuwait-based upstream services provider expanded its operating rig fleet from 13 rigs in Q1 2025 to 20 rigs this year....

Energy, Oil & Gas

SLDC awarded drilling contract in Kuwait

SLDC, a newly established drilling joint venture (JV), announced today the award of a significant drilling contract by SLB (Schlumberger Oilfield Eastern Limited) for operations in Kuwait’s Mutriba field....

Energy, Oil & Gas

Kuwait declares force majeure on oil shipments

Kuwait has declared force majeure on shipments of crude oil ‌and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering ⁠the Persian Gulf, hindering its ability to meet certain customer commitments, Bloomberg News reported....

Energy, Oil & Gas

Two power plants hit by drones in Kuwait

The Kuwait Ministry of Electricity, Water and Renewable Energy announced that two power and water desalination plants were targeted by an Iranian drone attack early on Sunday morning (April 5)...

Energy, Oil & Gas

Heisco seals $186.4m Kuwait power infrastructure contract

Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has signed a contract with the Kuwait's Ministry of Electricity and Water and Renewable Energy for a major power infrastructure project worth KD57.2 million ($186.4 million). ...

Energy, Oil & Gas

KOC awards SLB $1.5bn contract for Mutriba field development

Global technology company SLB has announced that Kuwait Oil Company has awarded it a $1.5 billion, five-year integrated contract for the Mutriba field in Kuwait, including design, development and production management....

Energy, Oil & Gas

Acwa Power consortium signs $4.1bn Kuwait Az Azour IWPP project deal

Saudi utility giant Acwa Power has announced that its consortium has signed an energy conversion and water purchase agreement for Az Zour North Phase 2 and 3 IWPP in Kuwait. The key $4.1 billion project will be implemented on a build, operate and transfer (BOT) basis. ...

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