A further $2.78bn of oil and gas projects are expected to be awarded in Q3 2019
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Unit of Kuwait’s KUFPEC signs agreement for Pakistan’s Makhad block
The company says it will work closely with Pakistan’s national oil companies in its work to acquire seismic data and drill an exploration well in the block
Kuwait plans to boost heavy crude production by 370,000bpd by January
It plans to rocket its oil production capacity as part of a larger 2040 oil production strategy
National Energy Services Reunited wins $100mn contract from Kuwait Oil Company
This contract is for five years and marks the entry of National Energy Services Reunited Corp (NESR) in the completions sphere in Kuwait
Saudi oil minister confident in reaching Neutral Zone agreement with Kuwait in 2019
Khalid Al-Falih, Saudi Arabia’s energy minister, is hopeful that an agreement can be reached with Kuwait to restart production in the Neutral Zone
Honeywell opens Kuwait’s first in-country manufacturing and testing centre for oil and gas technologies
The centre builds ‘Made in Kuwait’ solutions for digital transformation initiatives across the country’s growing oil, gas and petrochemical sectors
Kuwait Oil Company reportedly awards $1.3bn rig contract
A local newspaper reported that the company awarded contracts for the construction of 86 oil rigs
Crown Prince Mohammed bin Salman comments on oil price and cooperation with Kuwait
The Saudi prince spoke to Bloomberg News about the country’s relationship with Trump, the oil price and recent discussions with Kuwait’s government.
Study: Kuwait will lead LNG industry in the Middle East by 2022
A new report by GlobalData forecasts that Kuwait will spend $2.9 billion on regasification and will lead the Middle East’s LNG industry by 2022.
Kuwaiti oil minister sees stability in market
Bakhit Al Rashidi reveals Gulf state is producing just 300,000 bpd below its daily maximum output level.