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NESR wins $300M contracts in Kuwait for energy services over five years

Market News
05 Aug 2026
PRNewsWire
View Source
Bullish
NESR wins $300M contracts in Kuwait for energy services over five years

National Energy Services Reunited Corp. (NESR) secured contracts worth $300 million over five years in Kuwait, covering Production Services and Drilling & Evaluation. These contracts include a Master Technology Agreement to deploy NESR's Open Technology Platform via its local research hub, the Ahmadi Innovation Valley. NESR aims to introduce advanced technologies tailored to Kuwait's upstream energy sector, strengthening its position and supporting sustainable innovation. This move highlights NESR's commitment to expanding its footprint and contributing to Kuwait's energy development.

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Grayscale's ZCSH ETF boosts Zcash holdings 28% to nearly 600,000 ZEC via in-kind transfers.

Grayscale's ZCSH ETF boosts Zcash holdings 28% to nearly 600,000 ZEC via in-kind transfers.

Grayscale's ZCSH ETF increased its Zcash holdings by 28.4% to 596,269 ZEC, representing about 3.52% of the total circulating supply, within weeks of its August 25, 2026 launch. This growth was driven entirely by in-kind transfers, primarily from Gray...

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Bullish
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Strategy signals possible new bitcoin buy after two-week pause, holding 845,050 BTC worth $67.9B.

Strategy signals possible new bitcoin buy after two-week pause, holding 845,050 BTC worth $67.9B.

Strategy Inc., led by Michael Saylor, hinted at a potential new bitcoin purchase with a recent "orange" signal on its holdings chart, following a two-week pause in buying. The company currently holds 845,050 BTC valued at about $67.9 billion, with an...

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Bullish
4 hours ago
ConocoPhillips rated Buy despite geopolitical risks due to strong US production and oil price potential.

ConocoPhillips rated Buy despite geopolitical risks due to strong US production and oil price potential.

ConocoPhillips is rated Buy as its strong production in the US Lower 48 and potential oil price gains outweigh elevated geopolitical risks from its international operations in Qatar, Libya, Iraq, and Syria. In Q2, the company showed strong execution ...

Analyst Insights
Bullish
4 hours ago
Disciplined underwriting keeps Ares Capital strong through crises, offering reliable high-yield income.

Disciplined underwriting keeps Ares Capital strong through crises, offering reliable high-yield income.

Ares Capital (ARCC) has proven resilience in the direct lending market over 22 years, successfully navigating major economic downturns like the 2008 financial crisis, the 2015–2016 energy slump, and the 2020 pandemic. Its disciplined underwriting and...

Market News
Bullish
4 hours ago
Mayville Engineering upgraded to strong buy after 41% drop, boosted by strong revenue outlook and valuation upside.

Mayville Engineering upgraded to strong buy after 41% drop, boosted by strong revenue outlook and valuation upside.

Mayville Engineering Company (MEC) was upgraded to a 'strong buy' following a 40.9% drop in its share price despite continued revenue growth and an increased revenue forecast of $620–$650 million for the year. The company benefits from strong demand ...

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Bullish
4 hours ago
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