Friday 29 July 2016
 
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Oil dips as Kuwait oil workers end strike

Crude futures fell in early Asian trade on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut production from the Middle Eastern country and data showed US stockpiles rose last week. Brent crude futures, wer

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Leak at Kuwaiti oil well site, no gas spill recorded

Workers are fixing a leak at a site where an oil well is being dug in northern Kuwait, state news agency Kuna reported on Wednesday. The agency quoted Saad Al-Azemi, spokesman for the Kuwait Oil Company (KOC), as reporting that &q

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Kuwaiti oil firms switch CEOs

The heads of the state-owned Kuwait Oil Company (KOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec) will swap positions, Oil Minister Ali Al-Omair said on Wednesday. "There is a decision to circulate the managemen

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Heavy oil project claims $4bn of Kuwait’s Q1 contracts

Kuwait awarded KD 1.8 billion ($6 billion) worth of contracts in the first quarter (Q1) of 2015, out of which a deal worth KD1.2 billion ($4 billion) for phase 1 of the Lower Fars Heavy Oil Handling Facilities was awarded to UK-based Petrofac, a

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Heavy oil project claims $4bn of Kuwait’s Q1 contracts

Kuwait awarded KD 1.8 billion ($6 billion) worth of contracts in the first quarter (Q1) of 2015, out of which a deal worth KD1.2 billion ($4 billion) for phase 1 of the Lower Fars Heavy Oil Handling Facilities was awarded to UK-based Petrofac, a

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Kuwait finds four new oilfields with huge volumes

Kuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday. Has

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Emerson,KOC sign MoU for operational and staff development

Leading automation and technology services company Emerson Process Management recently signed a Memorandum of Understanding (MOU) with Kuwait Oil Company (KOC) to help develop the technical expertise of KOC's operations and maintenance staff

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Kuwait plans tender for oil service deals

Kuwait Oil Company (KOC) plans to tender this year for oilfield enhanced technical service agreements, the chief executive of the state-run company said. "We are in the process of issuing this tender during this year," H

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Kuwait plans to spend $40bn to boost oil output to 4 mbpd by 2020

Kuwait plans to invest around $40 billion to boost its oil production capacity to 4 million barrels per day (bpd) by 2020, an executive from Kuwait's state oil company (KOC) said.   The Opec state has a crude

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Kuwait to award $4.3bn new contract

Kuwait plans to award a 1.2 billion dinar ($4.3 billion) contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field, the head of state-owned Kuwait Oil Company (KOC) said. The projec

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