Kuwait Petroleum Corporation has signed a US$16 billion pipeline lease and leaseback deal with Blackstone, Brookfield and KKR, marking the largest foreign direct investment in Kuwait’s history.
ENERGY
Champion Iron Promotes Two Executives to Key Leadership Roles
Michael Marcotte and Steve Boucratie have taken on expanded responsibilities overseeing the miner's financial, legal and strategic functions.
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Alcoa Advances Australian Gallium Production
The new plant at the Wagerup alumina refinery will strengthen supplies of the critical mineral with backing from Australia, the US and Japan.
Gridcog Lands $10Mn Series A for Clean Energy Platform
The startup's software helps businesses model renewable energy projects, financial outcomes and carbon emissions to support net-zero strategies.
Karoon Ramps Up Bauna Production to 22,000 Barrels a Day
The oil producer has restored output at its Brazilian project after completing repairs to the PRA-2 well's subsea connection.
TotalEnergies Reshapes Renewable Portfolio With Solar Asset Sale
The company has sold its European distributed solar business to concentrate on larger renewable energy developments with stronger profitability.
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US Reinstates Iran Oil Sanctions, Oil Prices Jump
The move follows attacks on tankers in the Strait of Hormuz, with crude prices rising as markets assess the impact on global supply.
02
Exxon Signals $5B Q2 Earnings Boost on Higher Oil Prices
The energy giant expects second-quarter earnings to receive a roughly $5 billion boost from stronger oil prices and improved refining margins following heightened geopolitical tensions in the Middle East.
03
‘Dark’ Hormuz Shuttle Runs Earn Millions for Supertanker Owners
Covert tanker operations helped keep Gulf oil exports moving during the recent conflict, with shipowners profiting from stealth voyages and offshore cargo transfers through the Strait of Hormuz.