SLB is experiencing operational surges due to activities in the UAE, Kuwait, and Iraq, while its margins are under pressure from Trump-era tariffs.

The entities involved

• SLB →

  oilfield services company

  • Key contractors SLB and Saipem are deployed in the Caspian Sea for a complex intervention project involving BORIS.Mon 15:52
  • Attacks on Iran are disrupting global oil trade, while El Niño conditions rise drought risks and impending Fed rate hikes affect currency markets.Sun 00:35
• United Arab Emirates →

  country in Western Asia

  • UAE's first national rail service connects cities, establishing a new rail network between Fujairah and Abu Dhabi.Mon 17:54
  • The UAE is hosting the UN Congress on Crime Prevention and Criminal Justice, with press conferences held in Dubai.Mon 15:51
• Kuwait →

  sovereign state in Western Asia

  • The geopolitical risk premium driven by US strikes and Iranian military responses is impacting Bitcoin, with Kuwait being a relevant location in the escalation.Mon 14:33
  • Kharg Island, near U.S. bases in Kuwait, is hosting an oil export terminal and is involved in a potential conflict over Iranian oil.Mon 14:31
• Iraq →

  sovereign state in Western Asia

  • Basra hosts the Grand Faw Port project, serving as a key transit hub for trade routes connecting China and Europe.Mon 17:06
  • Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.Mon 16:22

Related events

• SLB and Halliburton observe opportunities amid oil market turmoil in the Middle East.Wed 19:48
• SLB is navigating mixed signals, balancing potential benefits from MENA spending and Trump-era tariffs against operational challenges in Saudi Arabia.Jun 8
• SLB was awarded contracts for oil and gas development in Saudi Arabia.Thu 14:21
• OPEC countries, including Iraq and Kuwait, are leading the recent increase in oil output, with flows utilizing the Gulf region and Novorossiysk as a Black Sea export outlet.Aug 11
• Amid the Hormuz blockade, the US is pushing for high-level oil pipeline deals to route Iraqi commodity imports through Syrian ports.Aug 7