The International Energy Agency (IEA) in its latest World Energy Outlook (WEO) warned that consumers could face a near-term rise in the oil price to US$150/barrel if MENA investment and output drops.
Kuwait Energy Company announced its Q3 2011 results with revenues of US$47.9mn, up 33.8 per cent from Q3 2010 and up three per cent from Q2 2011.
RAK Petroleum Public Company Limited and DNO International ASA recently announced that shareholders have now approved their merger and the transaction is on schedule to close in early 2012.
BG Groups revenue and other operating income increased by 21 per cent to $5 397 million, reflecting the benefit of higher realised prices and a one per cent increase in E&P production volumes.
