Vaccine hope sends oil price soaring.
Vaccine hope sends oil price soaring.
Read more
Oil and Gas
KOC drilled 2,482 oil wells at total cost of KD 3.4bn in last 5 years.
Minister of Oil and the Minister of Electricity Dr Khaled Al- Fadhil revealed that Kuwait Oil Company in the past
Read more
Saudi oil company named world’s most profitable business.
Saudi Arabia’s state oil company has emerged as the most profitable business in the world, racking up profits of $111.1bn
Read moreBilfinger Middle East wins three contracts from Adnoc in Q1 2019
The Abu Dhabi National Oil Company (Adnoc) has announced that it has awarded German construction company Bilfinger three separate projects
Read more
Saudi Aramco eclipses Apple as world’s top-earning company.
Saudi Aramco, the world’s biggest oil producer, made core earnings of $224 billion last year, almost three times as much
Read more
Kuwait Petroleum Corp ‘reassessing’ $500bn project investment plan.
Kuwait Petroleum Corporation (KPC) is reportedly “reassessing” its plan to invest $500bn (KWD151.9bn) in capital projects till 2024. KPC, both
Read moreAbu Dhabi’s ADNOC seals $5.8bn refining and trading deal with ENI, OMV.
Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi
Read more
Saudi energy minister visits Pakistan’s Gwadar oil refinery site.
Saudi Arabia’s Minister of Energy Khalid A Al-Falih on Saturday visited the port city of Gwadar to witness development work
Read more
Oman Oil Company and Kuwait Petroleum agree $4.6bn project financing for Duqm refinery.
Oman Oil Company and Kuwait Petroleum International, two leading regional energy groups, have announced the signing of a $4.61 billion
Read more
Fluor Joint Venture Achieves First Steam on Clean Fuels Mega project in Kuwait.
Fluor Corporation (NYSE: FLR) announced today that its joint venture team, FDH JV, has successfully generated first steam into Kuwait
Read more
KPC signs contract to supply crude oil to Chinese oil refinery.
Kuwait Petroleum Corporation (KPC) recently signed a contract for the supply of crude oil to a Chinese oil refinery, reports
Read more
Saudi Aramco IPO to go ahead by early 2021
Saudi Crown Prince Mohammed bin Salman said the flotation of Saudi Aramco would proceed by 2021, Bloomberg reported on Friday.
Read more
Kuwait welcomes visit of Saudi Crown Prince.
Kuwait welcomes visit of Saudi Crown Prince
Read more
Kuwait collaborates with Spanish firm for $184mln energy project.
The Government of Victoria announced today that Global Power Generation (GPG), the joint venture between Naturgy Energy Group, S.A. and the
Read more
New terms to ‘govern’ Joint Saudi-Kuwait Khafji oil field.
New terms to ‘govern’ Joint Saudi-Kuwait Khafji oil field
Read more