Carbon capture and storage (CCS) technologies have been endorsed as a key component to alleviate climate change by the 6th Ministerial Conference of the Carbon Sequestration Leadership Forum (CSLF)
Industry
Oil prices to hit US$70 in 2016, Lloyd’s Register Energy study suggests
A new report reveals that majority of oil and gas executives believe the oil price will remain between US$50-US$70 in 2016, with almost 27 per cent respondents believing it will hover around US$70
Subsea 7 awarded development contract offshore Egypt
Subsea 7 has won a contract from Pharaonic Petroleum Company for the development of the East Nile Delta Phase 3 Project (END-3) offshore Egypt
Iran’s Khomeini approves nuclear deal conditionally
Iran’s Ayatollah Ali Khomeini has approved the government’s nuclear deal with world powers but with conditions
South Korean bank to finance Kuwaiti projects
The Export-Import Bank of Korea (Korea Eximbank) has announced that the South Korean bank had signed an MoU with Kuwait Petroleum Corporation (KPC) to finance US$5bn for some of the company’s projects in Kuwait