The UAE’s youth have a vital role to play in ensuring sustainable oil production through the following century, according to a roundtable debate hosted by Maersk Oil in Abu Dhabi in October
Industry
Kuwait buys stake in Canadian shale play
State-owned Kuwait Foreign Petroleum Exploration Company (KUFPEC) has signed an agreement to buy 30 per cent stake worth US$1.5bn in Chevron Canada Limited’s Duvernay shale play located in Alberta
Dragon Oil set to takeover Petroceltic for US$789mn
Dragon Oil has announced that it has plans to buyout oil firm Petroceltic for US$789mn to boost exploration and output in Kurdistan Region of Iraq and North Africa
Saudi Arabia’s oil exports hit 2.06bn barrels in nine months this year
Saudi Arabia’s oil exports reached 2.06bn barrels in the first nine months of 2014 with proceeds amounting to US$221.2bn
Jordan to build oil shale-fueled power plant
Jordan and Attarat Power Company (APCO) has signed a US$2.2bn deal to build oil shale-fueled power plant with a capacity of 470MW
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