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OIL AND GAS

Crude oil markets weak – But anything could happen!

September 15, 2019

Crude oil markets weak – But anything could happen!

It seems the prospect of oil price going beyond $60 a barrel will not happen this year and the next. It is so weak that a major incident must happen to wipe out more than five million crude production to have any impact on oil prices.

Many factors affect oil markets in terms of surplus availability from all over or almost every"... Continue Reading

Kuwait aiming for sustainable power generation

September 15, 2019

Kuwait aiming for sustainable power generation

Countries in the Middle-East and North Africa region will need to expand power generation capacity by an average of 4 percent each year between now and 2023. Much of this expansion is likely to come from the environmentally harmful and unsustainable burning of fossil-fuels, says a new report on the energy situation in the area.

The"... Continue Reading

SAB constitutes panels to probe ‘oil’ violations

September 11, 2019

SAB constitutes panels to probe ‘oil’ violations

KUWAIT CITY, Sept 10: The State Audit Bureau (SAB) has constituted committees to investigate some violations in the oil sector, hoping the sector will cooperate and be serious with the step taken to solve problems and deal with observations, reports Al-Qabas daily.

According to a statement made by Assistant Undersecretary for Administration"... Continue Reading

EQUATE Group inaugurates its new MEGlobal Oyster Creek site in Texas

September 11, 2019

EQUATE Group inaugurates its new MEGlobal Oyster Creek site in Texas

OYSTER CREEK, US: The EQUATE Group announced the inauguration of its new MEGlobal Oyster Creek site in Oyster Creek, Texas, USA. The momentous occasion was celebrated with a ribbon cutting ceremony on site, attended by EQUATE shareholders and management.


The world-scale, 750,000 metric-tons-annually (mta) ethylene glycol"... Continue Reading

KNPC preparing to launch strategic economic, environmental projects

September 10, 2019

KNPC preparing to launch strategic economic, environmental projects

KUWAIT CITY, Sept 9: The Kuwait National Petroleum Company is preparing to operate strategic economic and environmental projects during the next phase, including the removal of acid gases in the Ahmadi refinery, which is of particular economic and environmental importance, reports Al-Rai daily quoting oil sources.

The sources pointed"... Continue Reading

World Energy Congress kicks off with Kuwaiti participation-Kuwait

September 10, 2019

World Energy Congress kicks off with Kuwaiti participation-Kuwait

ABU DHABI: The 24th World Energy Congress (WEC) kicked off in Abu Dhabi yesterday, gathering ministers, CEOs, policy-makers and industry practitioners from 150 countries including Kuwait to explore new energy futures, critical innovation areas and creative strategies. The WEC leads delegates through a four-day interactive program designed to address the most critical issues facing the global energy industry"... Continue Reading

Misuse, damage of gas cylinders creates financial burden for country

September 8, 2019

Misuse, damage of gas cylinders creates financial burden for country

KUWAIT CITY, Sept 7: Kuwait Oil Tankers Company (KOTC) affirmed that misuse of gas cylinders in the local market creates extra financial burden for the state, adding the cost can be reduced if cylinders are well managed with cooperation between concerned authorities and consumers.

In a press release, the company emphasized the"... Continue Reading

Kuwait crude tanker firm eyes gas cylinder safety plan

September 8, 2019

Kuwait crude tanker firm eyes gas cylinder safety plan

KUWAIT: Kuwait Oil Tanker Company (KOTC) has formed a plan to prevent possible hazards caused by the misuse of some three million gas cylinders that abound at the local market. Improper use of these gas cylinders proves not only costly but dangerous as well, which behooves state bodies to work together to address this growing problem, KOTC said in a statement. Around 90 percent of gas cylinders are misused,"... Continue Reading

Milestone reached in key Kuwait Oil vessel project

September 5, 2019

Milestone reached in key Kuwait Oil vessel project

Turkish group Uzmar Shipyard has started constructing a large multipurpose offshore oil recovery, support and towing vessel for Middle East operations. This is the largest Robert Allan-designed vessel ever to be built in Turkey and will be a significant addition to the fleet.

This 60-m, NB125 vessel will be used by Kuwait Oil Co"... Continue Reading

Kuwait scientists receive desalination patent in the US

September 5, 2019

Kuwait scientists receive desalination patent in the US

The Kuwait Institute for Scientific Research (KISR) has received a patent for the construction of a desalination plant in the US, according to the state-run Kuwait News Agency.

In a statement, KISR said that affiliated scientists were able to reduce the hydraulic pressure needed for the desalination of seawater.

Using"... Continue Reading

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