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OIL AND GAS

Kuwait plans to restart Wafra field oil production

January 25, 2020

Kuwait plans to restart Wafra field oil production

KUWAIT CITY, Jan 23: Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron’s concession there, reports ArabianBusiness.com. Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia, more than four years after the neighbours halted output.

Wafra"... Continue Reading

Oil-rich Kuwait generates ‘green energy’ to stimulate economy

January 25, 2020

Oil-rich Kuwait generates ‘green energy’ to stimulate economy

KUWAIT: The annual World Future Energy Summit recently held in Abu Dhabi brought together tens of thousands of participants from 170 States and representatives of hundreds of companies. The conferees are particularly concerned with renewable energy and investment in emerging Middle East markets, at a time future energy has become a main stimulant for economic growth, in the shadow of billions of dollars’"... Continue Reading

Kuwait to resume oil output in area shared with Saudis by March

January 23, 2020

Kuwait to resume oil output in area shared with Saudis by March

Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia, more than four years after the neighbours halted output.

Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron’s concession there. The field will resume pumping by March, Kuwaiti"... Continue Reading

Gas import from Iraq – Feasibility study conducted

January 22, 2020

Gas import from Iraq – Feasibility study conducted

KUWAIT CITY, Jan 21: The Kuwait Petroleum Corporation (KPC) said an unidentified company has conducted a feasibility study to import gas from Iraq in spite of the absence of an agreement between the two countries, reports Annahar daily quoting oil sources.

The sources pointed out the purpose of the feasibility study was to know"... Continue Reading

Middle East Tensions to be Diminishing Factor in Oil Prices

January 22, 2020

Middle East Tensions to be Diminishing Factor in Oil Prices

Just as tensions in the Middle East began to escalate, it seemed that regional, political and military factors will significantly influence oil price increase in the long term. Yet, it proved that no more than a week after a partial relief, crude oil prices are 10 % down, Gulf Brokers reported.

While price of Brent Crude oil marker"... Continue Reading

Dream Chasing 20 years, Anton Oilfield Services Group to Embark on a Road Ahead

January 22, 2020

Dream Chasing 20 years, Anton Oilfield Services Group to Embark on a Road Ahead

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

From local start-up to international company

Anton"... Continue Reading

SNC-Lavalin awarded oil and gas contract from Al Dhafra Petroleum, United Arab Emirates

January 21, 2020

SNC-Lavalin awarded oil and gas contract from Al Dhafra Petroleum, United Arab Emirates

SNC-Lavalin announces that it has been awarded an engineering services contract from Al Dhafra Petroleum, a joint venture company between ADNOC and the Korea National Oil Corporation and GS Energy. This contract win is aligned with SNC-Lavalin’s new strategy moving forward to greater growth and engineering services.

Under"... Continue Reading

KNPC requests contract renewal

January 20, 2020

KNPC requests contract renewal

KUWAIT CITY, Jan 19: Kuwait National Petroleum Company (KNPC) has requested for renewal of a contract to upgrade the boilers (numbers one to six) in unit number 29 in Mina Ahmadi Refinery at a cost of KD14.69 million with Mitsubishi Hitachi Power Company as the latter is the only entity that can do the job well, reports Al-Anba daily.

The"... Continue Reading

Kuwaiti youth see oil sector as step to a ‘shining’ future

January 20, 2020

Kuwaiti youth see oil sector as step to a ‘shining’ future

KUWAIT CITY, Jan 19: The Kuwaiti youth see the oil sector as the door to the bright future, due to the advantages this sector offers and the income and the experiences it generates, reports Al-Rai daily quoting sources.

With the KOC announcing the acceptance of a new batch of 629 Kuwaitis in the contractors’ contracts, the"... Continue Reading

Now that the US is energy self-sufficient, what next?

January 12, 2020

Now that the US is energy self-sufficient, what next?

Last week, the American President Donald Trump had announced that USA is no longer dependent on the Middle East for oil, particularly Arabian Gulf oil. Therefore, America’s dependency on Arab oil is no longer a threat. This raises a question about what we are to do in terms of the socalled security when USA was depending on our oil.

The"... Continue Reading

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