Thursday , February 22 2018

Tag Archives: oil

‘KPC intends to increase local contribution to large oil projects’

KUWAIT CITY, Feb 8: Kuwait Petroleum Corporation (KPC) intends to increase to KD1.8 billion the local contribution to large oil projects which will be implemented soon such as the environment-friendly fuel and Al-Zour Refinery, reports Al-Anba daily quoting Chief Executive Officer Nizar Al-Adsani. Speaking on the sideline of the conference …

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KPC plans $500bn oil spend by 2040 – Capacity to surge

KUWAIT CITY, Jan 31, (RTRS): Kuwait Petroleum Corporation expects to spend over $500 billion as it boosts its crude oil production capacity to 4.75 million barrels per day in 2040, the national oil firm said on Wednesday, outlining ambitious growth plans for the next two decades. “KPC is expected to …

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Kuwait Energy in merger talks with London-listed SOCO Int’l

DUBAI, Jan 8, (RTRS): SOCO International, an oil and gas exploration and production company listed on the London Stock Exchange, said on Monday it was evaluating a merger with Middle East oil and gas firm Kuwait Energy. Its statement confirmed a Reuters report earlier on Monday that the two companies …

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Oil back on track – Kuwait likely to skip reforms

Oil is definitely on track, provided the Russian- Saudi oil agreement is intact. Both countries will do everything in their power to maintain the oil price at a comfortable level within the range of $60 or higher as long as this does not encourage other non-conventional producers such as Brazil …

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Oil companies back to basics

Majors eyeing Gulf region as ideal location to invest Independent Oil Analyst Now with the end or near end of shale oil revolution as shale oil seems to be reaching its peak and there is gradual reduction in the easy oil shares, traditional oil companies are starting to focus again …

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Kuwait satisfied with level of oil output cut – Reduction at 122 pct in Nov

KUWAIT CITY, Dec 20, (KUNA): Kuwait’s Oil Minister and Chairman of the Joint Ministerial Monitoring Committee (JMMC) Bakheet Al- Rasheedi announced Wednesday that OPEC and Non-OPEC countries’ commitment to the output reduction level reached 122 percent for November, the highest percentage since January 2017. This statement came after the Joint …

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Oil prices remain high on pipeline shutdown

Oil prices remained range bound with minimal volatility and comfortably above the $60/b mark during November ’17 and during the first two weeks of December ’17 following the extension to the ongoing oil production cut agreement until the end of 2018. An oil pipeline shutdown in North Sea for repairs …

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Value over volume – shale oil directions for 2018!

Oil Analyst American shale oil producers are opting for value added returns and for higher and improved oil prices with full coverage and assurance from OPEC and Russia in securing their profits. Even though no one knows the rate that the American producers will push for next year, it however …

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Kuwait’s oil projects overseas bring high, safe revenues: KPC

KPI focuses on high-growth markets in Asia: Al-Adsani KUWAIT CITY, Nov 30, (Agencies): Kuwait Petroleum Corporation (KPC)’s CEO Nizar Al-Adsani has said that the Kuwaiti oil projects overseas bring in rewarding and safe revenues for the state, in line with the KPC strategy. Al-Adsani made the statement Thursday during a …

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