For Free Headlines Submit Your Email
Monday, May 18, 2026 17:51 GMT
Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million (US$132.6 million), said the company. The facilities support the financing and deployment of new rigs linked to contract awards previously announced with Kuwait Oil Company. They further reinforce Action Energy Company’s financing...More