Kuwait earmarks US$115bn for oil projects
Kuwait has plans to spend US$115bn on oil projects over the next five years, despite the slump in oil prices, a senior executive has announced
E&P
Saudi Arabia records highest output in 2015
Khalid al-Falih, Saudi Arabia’s energy, industry and mineral resources minister and Saudi Aramco chairman, has said that despite low oil prices, the company has reached record levels of oil production and gas processing in 2015
Qatar’s offshore field attracts bids from Chevron, Shell and Total, among others
Chevron, Shell, Total, ConocoPhillips and Maersk Oil Qatar have submitted bids to operate Qatar’s biggest offshore oilfield, according to industry sources
Saudi Aramco consolidates its position in global energy markets
Saudi Aramco has released its latest Annual Review, titled Energy is Opportunity, highlighting the company’s key results and accomplishments in 2015
Iran’s return to oil market “stronger than expected”
Iran had come back “much faster and stronger than anyone had expected” on the back of production increases and the export of floating storage, said Helima Croft, global head of commodity strategy, RBC Capital Markets, at the Platts Global Crude Oil Summit in London, noting that in April Iran had produced 700,000 bpd more than in January
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