Senior ministers from Kuwait and Iraq, as well as executives from some of the region’s leading energy companies, met in Kuwait last week to discuss the challenges facing the global energy sector
Industry
Craig International reaches Middle East
Craig International, an oilfield procurement specialist, is expanding into the Middle East following a contract to manage a US$55mn client spend with an operator in Qatar
ExxonMobil forecasts 25 per cent growth in energy demand by 2040
Global energy demand will increase by 25 per cent between 2014 and 2040, driven by population growth and economic expansion, according to the 2016 edition of ExxonMobil’s The Outlook for Energy, which gives a long-range forecast of energy trends
M&A activities to surge this year, companies to look East
The need to capitalise on distressed situations, grow international market share and acquire new technology will drive a surge in M&A activity in the oilfield services sector during 2016, according to a new research from international law firm Pinsent Masons
KPC mulls selling bonds to boost oil projects investments
Kuwait Petroleum Corporation (KPC) is considering selling bonds to help pay for a planned investment of US$100bn over the next five years to boost its oil output