OIL AND GAS

April 18, 2019

Kuwait will start this year the first phase of a heavy oil field production, aiming to boost heavy crude output to 430,000 bpd from 60,000 bpd by January, the official Kuwait News Agency (KUNA) reports.

Heavy crude oil production from the first phase of an oil field in northern Kuwait, known as “Al-Ritqa” is forecast"... Continue Reading

April 18, 2019

Minister of Oil, and Minister of Electricity and Water Khaled Al-Fadhel affirmed on Tuesday the importance of Kuwait’s science and engineering competition organized by Kuwait Science Club (KSC) in supporting scientific research.

Al­-Fadhel made the press statement following a closing ceremony of the competition which"... Continue Reading

April 18, 2019

UAE-based Grandweld Shipyards has announced the delivery of four crew boats to Kuwait Oil Company (KOC).

As per the contractual agreement signed in May 2017, Grandweld should build six pilot boats and four crew boats for KOC. Five boats have been delivered and the remaining five will be delivered in June, said a statement.

Furthermore, the newly constructed four boats were specially"... Continue Reading

April 17, 2019

KUWAIT CITY, April 16, (Agencies): Kuwaiti consumers can now gain access to a wide variety of on-line services, the Ministry of Electricity and Water said on Tuesday, citing an awareness campaign it launched earlier this year. The initiative is part of efforts to familiarize consumers with online services they have at their disposal, the ministry’s assistant undersecretary for planning Ahmad Al-Rashidi"... Continue Reading

April 17, 2019

KUWAIT CITY, April 16: Sources pointed to nearly 50 percent decline in the appointment of expatriates in oil sector during the last fiscal year compared to the previous year, reports Al-Rai daily.

The same sources disclosed the appointment of expatriates in oil sector witnessed a decline from 345 during fiscal year 2018/2019 to"... Continue Reading

April 16, 2019

The first phase of heavy crude oil production at a northern Kuwaiti oil field, known as south ‘Al-Ritqa’ is expected to reach 11,000 barrels per day (bpd), in August, Kuwait Oil Company (KOC) said on Monday.

The project aims to raise the heavy crude output to 430,000 bpd from 60,000 bpd through multiple phases by January,"... Continue Reading

April 16, 2019

KUWAIT: Kuwait’s Minister of State for Economic Affairs Maryam Al-Aqeel briefed the Cabinet yesterday about privatization of the North Shuaiba Power Plant, part of the state’s quest to privatize services. During the Cabinet’s weekly meeting chaired by Acting Prime Minister and Defense Minister Sheikh Nasser Sabah Al-Ahmad Al-Sabah, Aqeel also talked about a feasibility study to privatize"... Continue Reading

April 14, 2019

Consumption of energy in Kuwait is hitting 700,000 per day, and gas consumption is edging over oil consumption at a daily rate of 372,000 versus 330,000 per day.

Our dependence on oil is decreasing and our import of gas from various parts of the world is increasing at a rate higher than the growth of our population.

The"... Continue Reading

April 9, 2019

KUWAIT CITY, April 8: Kuwait Petroleum Corporation (KPC) has imported up to 7.5 million tons of liquefied natural gas during the past three years from British Petroleum, Shell and Qatargas, reports Annahar daily quoting oil sources.

The sources pointed out that the import of gas from Qatargas, British Petroleum and Shell was able"... Continue Reading

April 9, 2019

RIYADH: The Saudi energy minister yesterday said it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts but a meeting next month would be key.
A joint OPEC and non-OPEC ministerial committee known as the JMMC is due to meet in May. Saudi Arabia and Russia are members of the panel, which includes other major oil producers that took part in a global supply-cutting"... Continue Reading