Money will be used to top government financing for the company’s oil & gas activities over the next year
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Kuwait Oil Company looks to solar oil extraction
Kuwait is exploring renewable energy-enhanced oil recovery techniques, mainly from concentrated solar power, to slash import bills
Mubadala Petroleum, Oxy to exit Bahrain oilfield
The partners have reached an agreement with Bahraini authorities to exit Tatweer Petroleum, the operator of the Bahrain Field
BP, Shell among bidders to run Qatar oilfield
The other bidders are Al Shaheen’s current operator Maersk, as well as Total SA, Chevron Corp and ConocoPhillips
DNO fails to find oil in Oman Block 36, finds gas
The well, drilled in the Rub al-Khali basin in the southwestern part of the Sultanate, reached a total depth of 3,010m
Award winners predict oil market stability in 2017
Winners of the lifetime achievement awards at the 4th Abdullah Bin Hamad Al-Attiyah International Energy Awards, believe that a supply-and-demand balance will return to the oil market in the first half of 2017
Abu Dhabi National Oil Company rejigs leadership
ADNOC named Abdulaziz Abdulla Alhajri as director of its refining and petrochemicals division and Omar Suwaina Al Suwaidi as director of its gas division
OPEC pumps 32.52mn barrels of oil per day in April
This rise in output occurred after OPEC and non-OPEC producers failed to agree on a proposal to freeze output in Doha on April 17 in a bid to stabilise prices
Kuwait plans to hike oil output by 44% before 2020
The plan is in line with current attempts made by GCC nations to pump as much crude as possible and tender new E&P projects
Oil output in Oman surges to 30mn barrels in April
The Sultanate’s crude oil exports touched 26.99mn in April; an average of 899,637bpd